3 Stocks On Radar: Viacom, Inc. (VIAB), Sunedison Inc (SUNE), NeoStem Inc (NBS)
New York, NY – GDP INSIDER – 12/15/2014.
Viacom, Inc. (NASDAQ:VIAB)’s CEO has been noted selling shares in the company in a fashion that has attracted the attention of Wall Street. Philippe Dauman has reportedly sold shares worth about $140 million since just about before the Thanksgiving, according to the New York Post.
The almost rapid stock selling by Dauman has got analysts speculating his future in the company and what such moves could also mean for the future of Viacom. There have been speculations that Viacom, Inc. (NASDAQ:VIAB) was a takeover candidate and that Dauman could also exit his present role.
Although Dauman’s actions have mostly raised speculations, massive insider selling can sometimes signal a challenge down the road. Nonetheless, Viacom, Inc. (NASDAQ:VIAB) was quick to point out that stock selling by Dauman were only for financial planning reasons. That means should mean that there is nothing more than meets the eye in the sales.
Sunedison Inc (NYSE:SUNE) announced that the Chilean national energy commission awarded it a contract to supply clean energy for the country. The company will supply 570 GWh of clean energy annually under the latest contract. Sunedison intends to invest over $700 million towards the development of 350 MW energy plants across the country. Its partner, TerraForm Power, Inc. (NASDAQ:TERP), will acquire the solar projects once they are completed.
The latest contract from the government of Chile expands Sunedison Inc (NYSE:SUNE)’s operations in the country and also validate its efforts to grow market share in the global market. The Chilean contract is expected to boost the company’s top-line and also serve as a catalyst to more similar deals in the region.
NeoStem Inc (NASDAQ:NBS) announced presentation of data at an IBC Life Sciences conference. The company said it collaborated with Progenitor Cell Therapy, LLC in the keynote presentation on Lovo Cell Processing System that was done by Dr. Ian Gaudet.
NeoStem Inc (NASDAQ:NBS) further disclosed that Gaudet is a senior engineer with PCT in the segment of Engineering and Innovation.
The presentation offered the company the opportunity to discuss crucial data with industry peers, stakeholders, and potential customers. Such presentation also helps to generate interest in an upcoming product.
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