DuPont Co. (DD) is considering alternatives to a planned spinoff of its performance chemicals unit, which may pave the way for a deal with Tronox Ltd (NYSE:TROX). The CFO’s comments increase the chances that Dupont will enter into a Reverse Morris Trust with Tronox, combining the companies’ titanium-dioxide assets, Hassan Ahmed, a New York-based analyst at Alembic Global Advisors, said today in a note.“We have consistently made the case that such a transaction with Tronox could be a win-win for both companies,” Ahmed said. He recommends buying Tronox shares and doesn’t rate DuPont.Tronox Ltd (NYSE:TROX) stock performance was 7.62% in last session and finished the day at $26.13. Traded volume was 2,666,603 shares in the last session and the average volume of the stock remained 16.63 million shares. The beta of the stock remained 3.04. Tronox Ltd (NYSE:TROX) insider ownership is 1.36%.
JinkoSolar Holding Co., Ltd. (NYSE:JKS) has been given an average recommendation of “Buy” by the eight ratings firms that are covering the company, Analyst RN reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $43.74. JinkoSolar Holding Co., Ltd. (NYSE:JKS) rose 10.42 percent to $24.70 yesterday on volume of 3,466,068 shares. The intra-day range of the stock was $22.82 to $24.80. JinkoSolar Holding Co., Ltd. (NYSE:JKS) has a market capitalization of $667.22 million.
Boardwalk Pipeline Partners, LP (NYSE: BWP) announced on May 19, 2014 that Stan Horton, President and Chief Executive Officer, Jamie Buskill, Chief Financial & Administrative Officer, and Allison McLean, Vice President of Administration, will host meetings with investors at the 2014 Master Limited Partnership Annual Investor Conference sponsored by the National Association of Publicly Traded Partnerships (NAPTP) on May 21 and 22, 2014 in Ponte Vedra Beach, FL. Boardwalk Pipeline Partners, LP (NYSE:BWP)’s stock on May 21, 2014 reported an increase of 5.82% to the closing price of $17.46. Its fifty two weeks range is $11.99 -$33.00. The total market capitalization recorded $4.25 billion. The overall volume in the last trading session was 3,495,346 shares. In its share capital, Boardwalk Pipeline Partners, LP (NYSE:BWP) has 243.22 million outstanding shares.
Luxury jewelry retailer Tiffany & Co. (NYSE:TIF) was the defying gravity on Wednesday while the whole retail sector was in bearish claws, supported by robust sales in most zones, especially Japan. Tiffany (TIF) shares moved up 9% to lead S&P 500 gainers, after the firm reported a sharply superior than predicted 50% hike in first-quarter profit and lifted its guidance for the year. Same-store sales moved up 11%, with growth in most regions apart from Europe. Same store sales in the Americas surged 8%, with the company declaring gains at both its New York flagship and uptown stores. On Wednesday, shares of Tiffany & Co. (NYSE:TIF) advanced 9.15% to close the day at $96.30. Company return on investment (ROI) is 6.20% and its monthly performance is recorded as 9.26%. Tiffany & Co. (NYSE:TIF) quarterly revenue growth is 8.07%.
PHH Corporation (NYSE:PHH) issued the following statement regarding its evaluation of its strategic alternatives. The company stated, “PHH is engaged in discussions regarding a potential sale of PHH Arval, its Fleet Management Services business. There can be no assurance that these discussions will result in a definitive agreement or on what terms. We do not intend to provide further comment at this time.” PHH Corporation (NYSE:PHH) stock performance was 12.38% in last session and finished the day at $23.78. Traded volume was 9,527,436 shares in the last session and the average volume of the stock remained 797.84 thousand shares. The beta of the stock remained 1.03. PHH Corporation (NYSE:PHH) insider ownership is 1.10%.