Carl Icahn Boosts Dell Position to 9 Percent and 2 More Heavily Traded Stocks to Follow
Dell Inc. (NASDAQ:DELL): Current price $13.73
A Securities and Exchange Commission report filed last week indicates that activist investor Carl Icahn has purchased an additional 4 million shares of Dell, taking his position to 156.5 million, or 9 percent of the private computer maker. Icahn is leading a charge to derail founder and CEO Michael Dell’s plan to take his company private based on a revised buyout price of $13.75 per share. Shareholders are set to vote on the proposal on September 12, unless the date changes once more.
Groupon Inc. (NASDAQ:GRPN): Current price $8.70
The developer of the Fiksu Mobile App Marketing Platform, Fiksu Inc., announced an exclusive partnership with Groupon to market the latter’s mobile applications globally. The partnership positions Fiksu as the exclusive application marketing platform for Groupon’s ramp-up into local markets across the world, building on a three-year partnership that has seen Groupon add millions of North American app users.
Valero Energy Corp. (NYSE:VLO): Current price $36.53
Word that the Environmental Protection Agency released its final targets for required renewable fuel use has pushed refiner stocks up in Tuesday afternoon trading. Shares of Valero Energy are up more than 4 percent near the close, with Hollyfrontier up 2 percent and PBF Energy up 9.5 percent. But other refiner stocks like Marathon Petroleum and Tesoro were down. In its announcement, the EPA remained steady in its overall targets for biofuels, but reported that it would reduce its volume goals for next year.
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