Freeport-McMoRan Inc. (NYSE:FCX) announced on 6 October that it has entered into a definitive agreement to sell its 80 percent ownership interest in the Candelaria/Ojos del Salado copper mining operations and supporting infrastructure to Lundin Mining Corporation (LUN)(omx:LUMI) for $1.8 billion in cash and contingent consideration of up to $0.2 billion, calculated as 5% of net copper revenues in any annual period over the next five years when the average realized copper price exceeds $4.00 per pound. FCX estimates after-tax net proceeds from the transaction of approximately $1.5 billion, excluding contingent consideration. Freeport-McMoRan Inc. (NYSE:FCX)’s stock on 23 October traded at beginning with a price of $31.02 and when day-trade ended the stock finally advanced 0.23% to end at $30.96. Freeport-McMoRan Inc. (NYSE:FCX)’s showed weekly performance of 2.38%.
RS Platou upgraded shares of Seadrill Limited (NASDAQ:SDRL) from a neutral rating to a buy rating in a research report released on Tuesday morning. Return on Investment for SeaDrill Limited (NYSE:SDRL) is 8.70% and on Thursday its shares closed at $24.14. SeaDrill Limited (NYSE:SDRL) monthly performance stands at -12.79% while its year to date performance is -36.36%.
Global nutrition company, Herbalife Ltd. (NYSE:HLF), will release its third quarter 2014 financial results after the close of trading on the NYSE on Monday, November 3, 2014. Herbalife Ltd. (NYSE:HLF) shares advanced 3.41% on last trading day to close the day at $51.23. Company price to sale ratio is 0.93 and has 1.80% insider ownership. Herbalife Ltd. (NYSE:HLF) belongs to Consumer Goods sector.
Ocean Bio-Chem, Inc. (NASDAQ:OBCI) on 8 October announced the acquisition, of the membership interest in OdorStar Technology, LLC. (OdorStar) that it previously did not own from its joint venture partner, BBL Distributors, LLC (BBL). As a result of the acquisition, OdorStar is now a wholly-owned subsidiary of Ocean Bio-Chem (NASDAQ:OBCI) . On last trading day Ocean Bio-Chem Inc. (NASDAQ:OBCI) advanced 2.15% to close at $4.28. OBCI is -38.68% away from its 52 week high and is moving 98.07% ahead of its 52 week low . Ocean Bio-Chem Inc. (NASDAQ:OBCI) return on investment (ROI) is 7.70% while return on equity (ROE) is 8.30%.
Paycom Software, Inc. (NYSE:PAYC), a leading provider of a comprehensive cloud-based human capital management software solution, will release its third quarter fiscal 2014 results after the U.S. stock market closes on Tuesday, Nov. 4. Paycom will also hold a conference call to discuss results at 5:00 p.m. (Eastern time) that day. Paycom Software, Inc. (NYSE:PAYC) on Thursday closed at $16.53. Stock institutional ownership is 66.90% while insider ownership includes 16.50%. Paycom Software, Inc. (NYSE:PAYC) distance from 50-day simple moving average (SMA50) is -1.36%.