Business


Rand Wealth LLC Cuts Stake in Caterpillar Inc. (CAT)

Currently Caterpillar Inc (NYSE:CAT)'s shares owned by insiders are 0.1%, whereas shares owned by institutional owners are 73%. The high and low revenue estimates for the current quarter are $11.34 Billion and $9.91 Billion, respectively. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . SkyBridge Capital II LLC increased its position in Caterpillar by 10.5% in the third quarter.



The Next Move In Exelixis, Inc. (EXEL), Novavax, Inc. (NVAX)

Moreover, successful commercialization of the other marketed drug, Cotellic in the US will boost the top line. The stock declined 4.18% or $0.88 reaching $20.15 per share. The firm had revenue of $80.90 million for the quarter, compared to analyst estimates of $65.23 million. They expect $0.02 earnings per share, up 112.50 % or $0.18 from last year's $-0.16 per share.



OECD chief: Tax treaty will ensure big firms pay their dues

Last November, the WHO had lifted its own global health emergency status for Zika. On that score, several senior European officials said they had been reassured by news of a new US-China trade deal, which they interpreted as a sign of flexibility and pragmatism on the part of the new administration, potentially suggesting fears of a new era of protectionism had been overstated.



Steady Stocks Duke Energy Corp (NYSE:DUK), Southwest Airlines Co (NYSE:LUV)

Korea Investment CORP's holdings in Duke Energy Corp were worth $23,334,000 as of its most recent SEC filing. Other large investors also recently bought and sold shares of the company. Equities analysts expect that Duke Energy Corp will post $4.61 earnings per share for the current year. Stockholders of record on Friday, May 19th will be paid a $0.855 dividend.



Acadia Realty Trust (NYSE:AKR) Under Analyst Spotlight

Kite Realty Group Trust had a net margin of 0.45% and a return on equity of 0.10%. Also, EVP Robert E. Hull sold 1,744 shares of the stock in a transaction on Monday, May 15th. The company now has an average rating of "Hold" and a consensus price target of $109.93. State of New Jersey Common Pension Fund D now owns 878,100 shares of the real estate investment trust's stock worth $8,227,000 after buying an additional 5,000 shares during the last quarter.