Weyerhaeuser Company (NYSE:WY) announced the preliminary results of its exchange offer for stock in the spinoff of its homebuilding business. The exchange offer was oversubscribed by approximately 148.4 million shares for a preliminary proration factor of about 28%, based on the total number of Weyerhaeuser common shares reported to be tendered. Weyerhaeuser Company (NYSE:WY) net profit margin is 6.80% and weekly performance is 1.59%. On last trading day company shares ended up $33.22. Analysts mean target price for the company is $33.25. Weyerhaeuser Company (NYSE:WY) distance from 50-day simple moving average (SMA50) is 7.93%.
Bigger companies such as Intel Corporation (NASDAQ:INTC) and Qualcomm are also being pressured to use their cash after years of it being parked overseas, making them potential buyers, Sterne Agee Group said. Intel Corporation (NASDAQ:INTC) shares advanced 0.52% in last trading session and ended the day on $31.14. INTC Gross Margin is 60.60% and its return on assets is 10.50%. Intel Corporation (NASDAQ:INTC) quarterly performance is 18.90%.
Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) is looking to sell its large Candelaria copper mine in Chile, an asset sale that could raise several billion dollars, according to people familiar with the matter. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) shares moved up 1.80% in last trading session and was closed at $38.51, while trading in range of $38.03 – $38.59. Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX) year to date (YTD) performance is 3.91%.
Universal (a division of Comcast Corporation (NASDAQ:CMCSA)) has announced a major date change, moving their “summer/not summer” tent pole Fast & Furious 7 (or whatever it ends up being called) up a week from April 10th, 2015 to April 3, 2015. By coincidence or as a result, Focus Features is moving Insidious 3 from April 3rd to May 29th of next year. Comcast Corporation (NASDAQ:CMCSA) ended the last trading day at $54.90. Company weekly volatility is calculated as 1.01% and price to cash ratio as 26.19. Comcast Corporation (NASDAQ:CMCSA) showed a positive weekly performance of 2.85%.
Gilead Sciences Inc (NASDAQ:GILD) EVP Gregg H. Alton sold 33,000 shares of Gilead Sciences stock in a transaction dated Tuesday, July 1st. The stock was sold at an average price of $84.12, for a total value of $2,775,960.00. Following the completion of the transaction, the executive vice president now directly owns 126,694 shares in the company, valued at approximately $10,657,499. Gilead Sciences, Inc. (NASDAQ:GILD) net profit margin is 33.50% and weekly performance is 6.96%. On last trading day company shares ended up $87.90. Analysts mean target price for the company is $100.87. Gilead Sciences, Inc. (NASDAQ:GILD) distance from 50-day simple moving average (SMA50) is 9.35%.