Top Gainers In The News: Cullen/Frost Bankers, Inc. (NYSE:CFR), Sasol Limited (ADR) (NYSE:SSL), Fox Factory Holding Corp (NASDAQ:FOXF)

Lisa Ray - March 26, 2014

Boston, MA 03/26/2014 (wallstreetpr) – Cullen/Frost Bankers, Inc. (NYSE:CFR) maintained its uptrend during Tuesday session, a day after it established a new 52-week high of $78.96 during trading Monday. Shares of the company traded up 0.21 percent to touch 77.61 by closing bell in the previous session, which was characterized with below average volume. The shares of the consumer and commercial banking services company are up more than 6.2 percent since the year began. Although significant rise has already been booked in the stock, analysts believe that it still has more room to rise. The last 60 days have seen earnings estimates in the stock revised in the manner of 8 upwards and 5 downwards. The stock carries Zack consensus rating of buy. The last quarter financial results saw the stock reporting 99 cents EPS, breaching the consensus 97 cents which analysts at Zacks observed.

Sasol Limited (ADR) (NYSE:SSL): Tuesday marked the date on which most of the clauses in the agreement between National Energy Regulator of South Africa (Nersa) and Sasol were set to expire. The agreements concerned the gas pricing. Following the expiry of the agreement, SSL will move from its present market value pricing system into a pricing regime that is non-discriminatory, Nersa spokesperson Charles Hlebela said Monday. While most of the previously agreed up clauses will go, some such as the one which requires the company to supply South African markets with more than 120 million gigajoules of gas for a period of 25 years, will remain intact. Shares of Sasol Limited (ADR) (NYSE:SSL) gapped up Tuesday to touch a new 52-week high at $54.88, before settling up 2.36 percent at $54.57.

Fox Factory Holding Corp (NASDAQ:FOXF): Insider unloaded shares of FOXF Friday last week. Mr. John Boulton sold about 8,100 shares of the company at the average price of $18, thus fetching $145,854 in proceeds. By selling a portion of his share holding in the company, Mr. Boulton now owns about 16,920 shares of FOXF directly, a holding which carries estimated value of $304,722. Since the insider selling, shares of Fox Factory Holding Corp (NASDAQ:FOXF) have gapped up considerably, settling up 4.99 percent at $18.94 during trading Tuesday, on a day when more than average volume of shares changed hands.

Lisa Ray

Lisa has a Bachelor of Arts in journalism from Purdue University and 3 years of experience in the publishing field.

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