Boston, MA 03/26/2014 (wallstreetpr) – Calgon Carbon Corporation (NYSE:CCC) shares have defied the usual disturbance of insider selling and have been up in the past two sessions of week. Last week saw vice president Gail Gerono unload 5,000 shares of the company at the average price of $20.65 per share. At the end, the transaction fetched $103,250 for the executive. The VP is now left with direct holding of about 80,000 shares of the company, bearing estimated value of $1.7 million. Shares of CCC were up 0.51 percent to $21.70 during Tuesday trading, signaling upside from the price at which the insider traded the shares. The past one-year period saw the shares shifting hands at high of $22. The stock carries consensus buy rating and average price target of $22. The company’s last financial results met earnings expectations but departed from expected revenue.
Medifast Inc (NYSE:MED) has announced strategic expansion into Latin America, thanks to the partnership with Medix. The company announced Tuesday that its strategic partner and a leading pharmaceutical producer and distributor Medix, had acquired 13 weight management clinics in Mexico City and that through the acquisitions, its products and programs will get an expanded market. Medix purchased 13 Slim Centers, a chain of prominent weight management clinics in Mexico City, featuring about 30 years heritage in weight management industry. According to Medifast CEO Michael McDonald, the latest development is in line with their focus on international growth and Latin America is a key market for the company to serve. Shares of Medifast Inc (NYSE:MED) jumped 0.66 percent to $28.97 by closing bell Tuesday, a day that saw less than average volume of shares changing hands.
Luxottica Group SpA (ADR) (NYSE:LUX): The announced strategic partnership with Google Inc (NASDAQ:GOOG) helped shares of LUX to soar to a new 52-week Tuesday, on above average volume of shares. The shares eventually settled at $56.20, up 4.34 percent, having shifted hands in the range of $55.55 – $56.25 on the day. LUX announced that its deal with Google involves design, development and distribution of a fresh breed of eyewear, perhaps intended for use in Google Glass. Although Luxottica Group SpA (ADR) (NYSE:LUX) said that details about the new products in the works will be coming in due course, it said that in collaboration with Google, they were putting together a devoted team of engineers to work on the eyewear products for Glass.
