Stocks Cheers on Upbeat Move: Facebook, Inc. (NASDAQ:FB), Coty Inc. (NYSE:COTY), LKQ Corp. (NASDAQ:LKQ)


Facebook, Inc. (NASDAQ:FB) slightly down in previous session as it is updating how it charges advertisers for click-based campaigns on the social network in an effort to ensure brands are getting what they pay for as well as not simply social cachet. The company wrote on its blog that advertisers come to Facebook to drive business goals, like in-store traffic as well as website clicks, and they need to know how effective their ads are at driving their stated goal. “This update is intended to help advertisers better understand how their ads perform.” On the other consideration, Facebook, Inc. (NASDAQ:FB) begun last trade with a price of $86.70 and throughout the trading session climbed at $87.60. The day-trade ended with an increase of 0.27% to close at $85.88. The stock is going forward its fifty-two week low with 36.21% and lagging behind from its 52-week high price with -3.94%. FB last month stock price volatility remained 1.83%.

Coty Inc. (NYSE:COTY) released that it reached into a definitive contract to merge Procter & Gamble Co.’s (PG) fine fragrance, color cosmetics, and hair color businesses or “P&G Beauty Business” into Coty through a tax-free Reverse Morris Trust transaction. The transaction is based on a proposal by Coty valuing the P&G Beauty Business at approximately $12.5 billion at the time the proposal was made. The transaction is expected to close in the second half of calendar year 2016, subject to regulatory clearances, works council consultations, and other customary conditions. Shares of Coty Inc. (NYSE:COTY) opened at $32.00 with 360.29 million outstanding shares and hit to its highest price of $32.06 during the day and finally closed at $30.04 by scoring -4.70%. In the whole session, it traded on volume of 7.43 Million shares, which turned higher than its average volume.

LKQ Corp. (NASDAQ:LKQ) released on Thursday that it signed an contract to takeover Coast Distribution Systems, a distributor of replacement divisions, supplies and accessories for recreational vehicles, for $5.50 per share in cash or around $29M. The combination would result in distribution and logistics synergies As per the agreement, a subsidiary of LKQ will commence a tender offer to acquire all outstanding shares of Coast’s common stock. The tender offer will begin in 10 business days and will remain open for at least 20 business days after launch. LKQ Corp. (NASDAQ:LKQ) stock hit highest price at $30.74, beginning with a price of $30.74 to close at 30.08 by a decrease of -0.92% with a day range of $30.01-$30.74. The total market capitalization remained 9.15 Billion, total volume of 2.49 Million shares held in the session was surprisingly higher than its average volume of 1592.41 shares.

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Jason Dinner