Hot Stock in Focus: eBay Inc. (NASDAQ:EBAY), Anthem, Inc. (NYSE:ANTM), SINA Corporation (NASDAQ:SINA)

April 25, 2023 5:22 am16 commentsViews: 51

eBay Inc. (NASDAQ:EBAY) released that it has sold its equity interest in craigslist back to craigslist. In 2004, eBay takeover a 28.4 percent equity interest in craigslist. Under a confidential settlement agreement, craigslist has repurchased all of eBay’s equity and all litigation between eBay and craigslist will be dismissed. eBay Inc. (NASDAQ:EBAY) stock hit highest price at $61.46, beginning with a price of $60.93 to close at 61.17 by an increase of 0.79% with a day range of $60.66-$61.46. The total market capitalization remained 74.31 Billion, total volume of 10.47 Million shares held in the session was surprisingly higher than its average volume of 7441.89 shares.

Health insurer Anthem, Inc. (NYSE:ANTM) reported on Saturday that it has submitted a non-binding offer to takeover Cigna Corp. (CI) for $184 a share in cash and stock, worth the firm at $53.8B on an enterprise basis. The offer symbolizes an “unaffected” premium to Cigna’s stockholders of over 35.4%, based on the closing price of Cigna’s shares on May 28, 2015. Under the contemplated contract, the consideration would consist of around 31.4 percent Anthem shares and 68.6% cash and the combined company would reflect a pro forma equity ownership comprised of approximately 76.3% Anthem shareholders and approximately 23.7% Cigna stockholders. Shares of Anthem, Inc. (NYSE:ANTM) opened at $165.10 with 264.54 million outstanding shares and hit to its highest price of $165.86 during the day and finally closed at $165.06 by scoring -0.11%.

SINA Corporation (NASDAQ:SINA) released that it has joined a consortium by means of Xin Zhou, CEO of E-House (China) Holdings, as well as Neil Nanpeng Shen, a member of the board of E-House, with respect to a offered transaction to purchase all the outstanding ordinary shares of E-House not already owned by the buyer consortium. SINA has deiced to exchange all the E-House shares beneficially owned by it, including shares acquired in the going private transaction, at the closing of the deal with ordinary shares of Leju Holdings Limited held by E-House at the closing. Leju is a majority owned subsidiary of E-House. E-House said an Independent Committee of its Board is continuing evaluation of the transaction. On the other consideration, SINA Corporation (NASDAQ:SINA) begun last trade with a price of $59.40 and throughout the trading session climbed at $59.40. The day-trade ended with a decrease of -1.62% to close at $58.25.


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