Momentum Stocks At Street: eBay Inc. (NASDAQ:EBAY), Anthem, Inc. (NYSE:ANTM), NII Holdings Inc(OTCMKTS:NIHDQ)

April 25, 2023 7:54 am18 commentsViews: 55

eBay Inc. (NASDAQ:EBAY) released that it has sold its equity interest in craigslist back to craigslist. In 2004, eBay purchased a 28.4 percent equity interest in craigslist. Under a confidential settlement contract, craigslist has repurchased all of eBay’s equity and all litigation between eBay and craigslist will be dismissed. eBay Inc. (NASDAQ:EBAY) has the market capitalization of 75.02 Billion. Shares of firm surged 0.95% to close at $61.75 with the total traded volume of 5.1 Million. The firm has current ratio of 1.50 for the most recent quarter.

Health insurer, Anthem, Inc. (NYSE:ANTM) declared on Saturday that it has submitted a non-binding suggestion to purchase Cigna Corp. (CI) for $184 a share in cash and stock, valuing the firm at $53.8B on an enterprise basis. The propose represents an “unaffected” premium to Cigna’s stockholders of more than 35.4%, based on the closing price of Cigna’s shares on May 28, 2015. Anthem said, “The proposed combination would create a premiere health benefits company with critical diversification and scale to lead the transformation of health care delivery for consumers. The combined company would be an industry leader with greater than $115 billion in annual revenues, based on the most recent 2015 outlook publicly reported by both companies.” Anthem, Inc. (NYSE:ANTM) begun last trade with a price of $170.50 and throughout the trading session climbed at a high of $173.59. The day-trade ended with 3.62% to $171.04.

NII Holdings Inc(OTCMKTS:NIHDQ) declared that U.S. Bankruptcy Court signed an order confirming the Plan of Reorganization relating to the firm and convinced of its wholly-owned subsidiaries that before sought Chapter 11 protection. The Plan is anticipated to become effective as soon as practicable subject to the satisfaction of the conditions to emergence specified in the Plan. The Bankruptcy Court’s confirmation of the Plan sets the stage for the Company’s emergence from the Chapter 11 bankruptcy process that was commenced on September 15, 2014. The Plan strengthens the Company’s balance sheet by restructuring $4.35 billion in senior unsecured notes issued by subsidiaries that were part of the bankruptcy proceedings.


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