The market is keenly following every move of big investors and
the corporates -- be it offloading or boosting their stakes.
In the latest update, Carl Icahn offloaded approximately 50%
of his stake in
The Hain Celestial Group, Inc.
). However, he will remain a major stockholder in the natural
food and personal care products maker.
Icahn and related entities informed the company about the sale
of 3,650,000 shares to Jefferies LLC, acting as an underwriter,
who also has an option to buy 547,500 shares more to meet the
surplus demand. Consequently, Icahn and related entities will own
3,589,963 shares, or 7.5% of the outstanding shares of Hain.
However, the news failed to provide any impetus to the stock,
which incidentally dropped 2.7% or $2.24 to $79.64 during
after-market trading hours. Considering the year-to-date
performance, the stock has jumped 45% and remains a healthy
option for investors to reap the benefits.
Another headline story is
Bank of America Corporation
) selling its remaining 1% stake (or 2 billion shares) in China
Construction Bank Corp. This is the second U.S. bank after
The Goldman Sachs Group, Inc.
) that exited from China, which was once looked upon as a
lucrative destination for doing business. The investment firm
divested its remaining $1.1 billion stake in Beijing-based
Industrial and Commercial Bank of China Ltd.
It seems that market is ready to digest more, as the world's
largest software maker
) recently announced plans to buy Finnish company
) handset business for $7.2 billion. The deal will enable
Microsoft to grab the opportunities in the fast-growing mobile
However, shareholders remain skeptical about the deal as Nokia
has found it difficult to dominate market share with
) Android and
) iOS mobile platforms heating up the competition. On the other
hand, Microsoft's Windows Phone OS has remained far from being
Meanwhile, investors were also witness to one of the biggest
deals in the wireless industry when
Verizon Communications Inc.
) said it will shell out $130 billion to acquire a 45% stake in
Verizon Wireless currently held by
Vodafone Group PLC
For Verizon, the total buyout of its wireless business would
mean saving a substantial amount of the payment that slips to
Vodafone's pocket. While for Vodafone it means an exit from one
of its legacy markets -- North America -- and instead focus on
its business in Europe and emerging markets like India and
Further adding to the streak of stake buy & sell
activities is the story of
J. C. Penney Company Inc.
). The beleaguered retail chain has lost much of its sheen in the
stock market. However, some hedge funds are still bullish on J.
According to a recent regulatory filing, Kyle Bass' Hayman
Capital has acquired 11.4 million shares or 5.2% stake in the
company. Alongside, Larry Robbins' Glenview Capital Management
disclosed that it now owns 20.1 million shares or 9.1% stake in
Last week, terming his investment in J. C. Penney a "failure,"
shareholder Bill Ackman sold his entire 18% stake in the company
for a huge loss. Ackman demanded the ouster of the interim CEO
Mike Ullman and Chairman Tom Engibous, which backfired and he
resigned from the company's board. Ackman got the support of
hedge fund Perry Capital, which also seeks to replace Ullman with
Ken Hicks of
Foot Locker, Inc.
). Perry Capital also raised its stake to 8.6% in J. C.
Market seems to have witnessed enough events in a span of few
days, and it will not be a surprise if any news of divestment or
acquisition hit in the coming days.
APPLE INC (AAPL): Free Stock Analysis Report
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FOOT LOCKER INC (FL): Free Stock Analysis
GOOGLE INC-CL A (GOOG): Free Stock Analysis
GOLDMAN SACHS (GS): Free Stock Analysis
HAIN CELESTIAL (HAIN): Free Stock Analysis
PENNEY (JC) INC (JCP): Free Stock Analysis
MICROSOFT CORP (MSFT): Free Stock Analysis
NOKIA CP-ADR A (NOK): Free Stock Analysis
VODAFONE GP PLC (VOD): Free Stock Analysis
VERIZON COMM (VZ): Free Stock Analysis Report
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