This reports focus on lower cap stocks news recaps that swing on major news in last trading session that are: Darling International Inc. (NYSE:DAR), DealerTrack Technologies Inc (NASDAQ:TRAK)
Darling International Inc.’s (NYSE:DAR) shares moved up 1.13% in last trading session as it released that it priced, through Darling Escrow Corporation, its completely-owned subsidiary, a private offering of $500M aggregate principal amount of its 5.375 percent unsecured senior notes due 2022. The Notes proposing is anticipated to close on or about January 2, 2014, subject to customary closing conditions.
The firm aims to use the net proceeds of the Notes Offering to please, discharge as well as redeem the firm’s 8.5 percent Senior Notes due 2018, to finance a portion of the firm’s before declared acquisition of the VION Ingredients division of VION Holding N.V., to pay sure fees and expenses in connection with the VION Ingredients purchase and the financing thereof, and for general corporate purposes.
Darling International Inc.’s (NYSE:DAR) after opening at $20.30 hit high price of $20.57 and then closed at $20.54 by traded flat and on last session volume of 7.55 million shares was surprisingly higher than its average volume of 3.27 million shares. The stock price volatility was 2.37% for a week and 2.53% for a month as well as price volatility’s Average True Range for 14 days was 0.60 and its beta remained 1.70.
DealerTrack Technologies Inc’s (NASDAQ:TRAK) stocks surged over 12.5% in last trading session after J.P. Morgan upgraded its price target shares to $50 from $42, releasing the firm’s “strategically optimistic accretive purchase of Dealer.com. The investment bank released the purchase makes a lot of strategic sense to them, because it combines the leader in online auto marketing/retailing by means of the main in-dealer credit application network that as well has the fastest emerging DMS/Inventory solution.
DealerTrack Technologies Inc’s (NASDAQ:TRAK) stock reports increased 12.59% to the closing price of $48.19. Its fifty-two week range was $26.28-$50.30. The total market capitalization remained $2.12 billion.