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KR Financial Holdings LLC (NYSE: KFN) shares closed up 30.58 percent on Tuesday on nearly 43 million shares traded. The stock was one of the most active stocks on the NYSE. Shares hit a new 52-week high of $12.39 during intra-day trading. The big move came after private equity giant KKR & Co. agreed to acquire the specialty finance company, which it already manages, for $2.6 billion. The all-stock deal - 0.51 common units of KKR for each KKR Financial share held - values KKR Financial at $12.79 per share and represents a premium of 35% of its Monday closing price.
Get more information on KR Financial Holdings LLC and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/KFN
Targacept, Inc. (NASDAQ: TRGT) shares closed down 34.29 percent on Tuesday with over 4.5 million shares traded. The stock was one of the biggest decliners on the NASDAQ and hit a new 52-week low of $3.87 during intra-day trading. The fall came after the drug developer said it would stop work on an experimental drug that failed in a mid-stage study of schizophrenia patients.
Get more information on Targacept, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/TRGT
Olie Inc. (OTCBB: OLIE) shares closed up over 530 percent on Tuesday after the company announced that its subsidiary, Settlement Management Series 1, LLC has just completed an assignment for $20,000,000 MTN USD, credit linked to a Triple A US Treasury Strip. The stock was one of the biggest gainers in the OTCBB market and traded over 180 million shares.
Get more information on Olie Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/OLIE
MI Holdings Corp. (OTC: WMIH) shares closed up 9.65 percent on Tuesday with nearly 3 million shares traded. The stock was one of the biggest gainers in the OTC market and hit a new 52-week high of $2.60 during intra-day trading. The company had no significant news.
Get more information on MI Holdings Corp. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/WMIH
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