Hot Stocks In New: Shanda Games Limited (NASDAQ:GAME), Chindex International (NASDAQ:CHDX), WidePoint Corporation (NYSEMKT:WYY), LinkedIn (NYSE:LNKD)

Posted by on Apr 22, 2014

Perfect World Co., Ltd. announced that it has entered into a share purchase agreement to acquire a total of 30,326,005 class A ordinary shares of Shanda Games Limited (Nasdaq:GAME). Pursuant to the share purchase agreement, the Company will acquire these shares from a wholly-owned subsidiary of Shanda Interactive Entertainment Limited, the controlling shareholder of Shanda Games, for a total consideration of US$100 million in cash. Shanda Games Limited (ADR) (NASDAQ:GAME) shares after opening at $6.68 moved to $6.75 on last trade day and at the end of the day closed at $6.71. Company price to sales ratio in past twelve months was calculated as 2.58 and price to cash ratio as 4.65. Shanda Games Limited (ADR) (NASDAQ:GAME) showed a positive weekly performance of 3.07%.

Chindex International, Inc. (NASDAQ:CHDX) announced that it has entered into an amended and restated merger agreement relating to the merger (the “Merger”) among the Company, the existing buyer consortium (the “Buyer Consortium”) comprised of an affiliate of TPG (together with its affiliates, “TPG”), Fosun Industrial Co., Limited (“Fosun”), which is an affiliate of Shanghai Fosun Pharmaceutical (Group) Co., Ltd., and Ms. Roberta Lipson, the CEO of the Company, and a merger subsidiary of the Buyer Consortium providing for an increase in the merger consideration from $19.50 per share in cash to $24.00 per share in cash. Chindex International, Inc. (NASDAQ:CHDX) shares advanced 3.01% in last trading session and ended the day on $23.63. CHDX return on equity ratio is recorded as -0.30% and its return on assets is -0.20%. Chindex International, Inc. (NASDAQ:CHDX) yearly performance is 77.14%.

WidePoint Corporation (NYSEMkt:WYY), a leading provider of Managed Mobility Solutions featuring enterprise-wide telecommunications management, cybersecurity, identity and data assurance, and consulting solutions delivered in a secured environment, announced that WidePoint subsidiary iSYS LLC has received its first task order under the Department of Homeland Security (DHS) Blanket Purchase Agreement (BPA) for Cellular Wireless Managed Services (CWMS). WidePoint Corporation (NYSEMKT:WYY) shares moved up 4.20% in last trading session and was closed at $1.49 while trading in range of $1.45 – $1.52 – WidePoint Corporation (NYSEMKT:WYY) year to date (YTD) performance is -9.15%.

LinkedIn Corporation (NYSE:LNKD) announced that it will host a conference call to discuss its Q1 2014 financial results and business outlook on Thursday, May 1, 2014, at 2:00 p.m. PT, following the release of the Company’s financial results. LinkedIn added that its CEO Jeff Weiner ad CFO Steve Sordello will host the call and the live webcast of the call will be available on the investors section of the LinkedIn website. LinkedIn Corp (NYSE:LNKD) weekly performance is 6.71%. On last trading day company shares ended up $176.90. LinkedIn Corp (NYSE:LNKD) distance from 50-day simple moving average (SMA50) is -7.97%. Analysts mean target price for the company is $251.81.

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