Unusual Volume: Huntington Bancshares Incorporated (HBAN), Cempra Inc (CEMP), And Riverbed Technology, Inc. (RVBD)

Posted by Beth Hart January 9, 2015 0 Comment 1321 views


New York, NY – GDP INSIDER  – 01/09/2014.

Investors poured on Huntington Bancshares Incorporated (NASDAQ:HBAN), leading to a massive volume spike that also resulted in more than 2% gain. The bank holding company is expected to release its 4Q2014 earnings on January 22. The company will hold a conference call with analysts and investors on the same day to discuss the results and the way forward.

Analysts at Barclays recently increased their target price on the stock of Huntington Bancshares Incorporated (NASDAQ:HBAN) to $12 from $11. The analysts maintained an “Equal-weight” rating on HBAN.

Huntington Bancshares Incorporated (NASDAQ:HBAN) continues to investment in new branches as part of its overall expansion. Such efforts are expected to lead to better brand recognition and ultimately improved revenue.

Will HBAN Continue To Move Higher Or Are Things About To Reverse? See What Is Next For HBAN With A Free Trend Analysis

Cempra Inc (NASDAQ:CEMP) seeks to raise $140 million through a secondary offering of its shares. The move is expected to cause about 15% dilution in the stock, but still good enough because the raised funds will support crucial drug projects.

Cempra Inc (NASDAQ:CEMP) developing a drug that can combat antibiotic resistant pneumonia. The secondary public offering of the shares is expected to close next week, January 13.

Health authorities, including organizations such as WHO, have cited antibiotic resistance as one of the pressing health issues currently. An increasing number of infectious diseases have become resistant to antibiotics, thus being difficult to control. As such, Cempra Inc (NASDAQ:CEMP)’s success in its antibiotic resistant pneumonia project would be a big sigh of relief for health care providers.

Is CEMP Going To Turn It Around Or Will It Continue To Freefall? See Where CEMP Is Going Next With A Free Trend Analysis

Riverbed Technology, Inc. (NASDAQ:RVBD) traded more than double the daily average share volume as investors increased their appetite for the stock following a $3.6 billion buyout offer. The Ontario Teachers’ Pension Plan and Thoma Bravo offered to purchase the network gear company at $21 per share, signaling a premium of 12%.

The buyout offer came just when Riverbed Technology, Inc. (NASDAQ:RVBD)’s biggest shareholder, Elliott Management, was agitating for a sale of the company.

Several analysts have already weighed in on the buyout offer with most of them saying $3.6 billion is  fair price considering that growth was already slowing down at Riverbed Technology, Inc. (NASDAQ:RVBD).

Is RVBD Going To Continue To Move Higher Or Are Things About To Turn Around? See What’s In Store For RVBD With A Free Trend Report.

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About Beth Hart

Beth is from New York. She has two master’s degrees and served as a lecturer in B-School. Her master’s degree is an MBA in Global Management from the University of Phoenix (2010). She has worked for small businesses, public agencies, and large corporations. She does write articles as a freelancer.

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