Interaxion to Expand Data Centers and 4 Stocks Rising to 52-Week Highs
Insmed (NASDAQ:INSM): Ayer Capital reported a 9.99% passive stake in Insmed. Their shares closed at $6.30, up $0.96 or 17.98% on the day. They have traded in a 52-week range of $2.64 to $5.50.
Interxion Holding (NYSE:INXN): InterXion Holding announced that they are expanding their existing data centers in Amsterdam and Zurich in response to continued customer demand. The company added that all of their previously announced data center expansions remain on schedule. Their shares closed at $23.00, up $0.04 or 0.17% on the day. They have traded in a 52-week range of $11.15 to $23.06.
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3M Company (NYSE:MMM): Avery Dennison (NYSE:AVY) and 3M Company announced, last night, that they have terminated the agreement under which 3M would have purchased Avery Dennison’s Office and Consumer Products business. Avery Dennison said that they will continue to pursue a divestiture of the Office and Consumer Products business, while 3M said that they are “disappointed with this turn of events.” Their shares closed at $94.43, up $0.65 or 0.69% on the day. They have traded in a 52-week range of $72.00 to $94.30.
Ocwen Financial Corp. (NYSE:OCN): According to the New York Post, Ocwen Financial Corp. has teamed with Walter Investment in a planned $2.5 billion bid for Rescap’s mortgage-servicing rights. Ocwen’s $750 million deal for Wilbur Ross’s mortgage-servicing business is a prelude to a bid for Rescap, the paper added. Ocwen’s rival bidders include Fortress Investment (NYSE:FIG), Warren Buffett’s Berkshire Hathaway (BRK.A) and a team of IBM (NYSE:IBM) and Bayview Financial. Their shares closed at $37.04, up $2.16 or 6.19% on the day. They have traded in a 52-week range of $12.56 to $34.98.
Plains All American (NYSE:PAA): Plains All American Pipeline, L.P. announced a quarterly cash distribution of 54.25c per unit, or $2.17 per unit on an annualized basis, and all of their outstanding limited partner units. The distribution will be payable to holders on record of such units on November 14, at the close of business on November 2. This is the first distribution that will be paid following the recently completed two-for-one unit split, and comparative distribution amounts have been adjusted for the split. Their shares closed at $45.97, up $0.34 or 0.75% on the day. They have traded in a 52-week range of $29.10 to $45.76.