Walker & Dunlop Arrange Financing and 2 Stocks that Have Hit 52-Week Highs
Pfizer (NYSE:PFE): Pfizer announced top-line data assessing immunogenicity, tolerability and safety of Prevenar 13 in adults 18 to 49 years of age. The primary objective was met for all 13 serotypes in Prevenar 13. Prevenar 13 is currently approved in more than 110 countries worldwide for use in infants and young children and in more than 70 countries for use in adults 50 years of age and older. The medication is also available through the World Health Organization’s pre-qualification program for active immunization of infants and young children, as well as adults 50 years and older. Their shares closed at $25.35, up $0.03 or 0.12% on the day. They have traded in a 52-week range of $17.89 to $25.41.
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Viacom Inc Cl B (NYSE:VIAB): Paramount Home Media Distribution, a unit of Viacom Inc Cl B, and Warner Brothers Home Entertainment Group (NYSE:TWX), announced that they have reached a strategic alliance centering on more than 600 catalog titles from the Paramount film library. The deal grants Warner Bros. exclusive rights to physical Blu-ray and DVD distribution of those titles in the United States and Canada. Paramount’s UltraViolet offerings will be available on a non-exclusive basis through Flixster, the Warner Bros. movie streaming and discovery service. The agreement also grants Warner Bros. manufacturing, on demand rights and the right to include UltraViolet Digital Copy, bundled with packaged media. Paramount will retain all digital rights for their titles, including electronic sell-through, video-on-demand and subscription video-on-demand. Flixster will offer, on a non-exclusive basis, Paramount titles for sale in UltraViolet EST format, UltraViolet Disc-to-Digital and VOD. Flixster will also act as an UltraViolet Locker Access Service Provider for all Paramount UltraViolet titles, and as a redemption site for Paramount UltraViolet Digital Copies. The three-year deal, which takes effect January 1, 2013, covers U.S. and Canadian rights only. The agreement excludes approximately 100 cornerstone Paramount titles, including the Transformers, Star Trek and Indiana Jones franchises. Under the same terms, Warner will gain access to select new titles after the initial 26-week release period. Paramount will receive licensing fees from Warner Bros. and be entitled to various benefits under a long-term strategic cooperation agreement with Flixster. Their shares closed at $55.65, up $1.34 or 2.47% on the day. They have traded in a 52-week range of $38.61 to $55.60.
Walker & Dunlop (NYSE:WD): Walker & Dunlop announced that their subsidiary recently arranged $93 million in financing for Norman Jemal, for a portfolio of mixed-use properties located in Washington, DC. The portfolio consists of four properties totaling 257,000 square feet located in the Chinatown neighborhood in the Northwest quadrant of the nation’s capital. The properties feature close proximity to the Verizon Center and all five Metro lines.
The shares closed at $16.75, up $0.82 or 5.15% on the day. They have traded in a 52-week range of $10.85 to $16.26.
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