On March 18, 2014, SouFun Holdings Ltd (NYSE:SFUN), today announces that it will change the ratio of its American Depositary Receipts representing Class A ordinary shares from one (1) American depositary share (“ADS”) for one (1) Class A ordinary shares to five (5) ADS for one (1) Class A ordinary share. SouFun Holdings Ltd (NYSE:SFUN) shares after opening at $70.21 on last trade day and at the end of the day closed at $75.10. Company price to sales ratio in past twelve months was calculated as 9.64 and price to cash ratio as 10.39. SouFun Holdings Ltd (NYSE:SFUN) showed a positive weekly performance of 6.03%.
GlaxoSmithKline plc (ADR) (NYSE:GSK) plans to invest about GBP100M to expand manufacturing in Nigeria and Kenya, is looking into new factory locations in Rwanda, Ghana and Ethiopia and will spend GBP25M to create an R&D laboratory for non-infectious and non-transmissible diseases in Africa, the Independent reported, citing Glaxo CEO Andrew Witty speaking at the EU-Africa Business Summit. GlaxoSmithKline plc (ADR) (NYSE:GSK) shares fell -0.24% in last trading session and ended the day on $53.30. GSK return on equity ratio is recorded as 114.20% and its return on assets is 7.70%. GlaxoSmithKline plc (ADR) (NYSE:GSK) yearly performance is 18.89%.
Shares of The Walt Disney Company (NYSE:DIS) were the target of some unusual options trading on Tuesday. Stock investors purchased 17,228 call options on the company, AnalystRatingsNetwork reports. This represents an increase of 137% compared to the average volume of 7,254 call options. The Walt Disney Company (NYSE:DIS) shares moved up 1.87% in last trading session and was closed at $81.57, while trading in range of $80.39 – $81.61. The Walt Disney Company (NYSE:DIS) year to date (YTD) performance is 6.77%.
Financial services company Wells Fargo & Co (NYSE:WFC) announced Tuesday that it named Chief Financial Officer Timothy Sloan to be the new head of wholesale banking group as part of a management rejig. Solan will succeed David Hoyt, who is retiring after a 32-year career with the company. Wells Fargo & Co (NYSE:WFC) weekly performance is 1.65%. On last trading day company shares ended up $49.77. Wells Fargo & Co (NYSE:WFC) distance from 50-day simple moving average (SMA50) is 6.59%. Analysts mean target price for the company is $49.55.