Crown Castle, Callidus Software: Why These 5 Stocks Are Capturing Investors’ Interest Today

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Traders are buzzing about American Electric Power Company Inc (NYSE:AEP) after the Wall Street Journal published an article stating that the company is close to a deal to sell four power plants in the MidWest to ArcLight Capital and Blackstone Group for around $2.1 billion. The deal includes one coal-fired plant and three natural gas-powered plants in Ohio and Indiana. AEP is selling due to its strategy of pivoting away from wholesale power and toward regulated utilities. 27 funds that we track were long American Electric Power Company Inc (NYSE:AEP) at the end of the second quarter, down by five funds quarter-over-quarter.

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Callidus Software Inc. (NASDAQ:CALD) is trending after it filed a Form 3-SASR which stated that the company is making a public offering of 4 million shares and granting underwriters a 30-day option to buy up to 600,000 additional shares. The company hopes to use the net proceeds of around $72 million-to-$83 million (if the underwriter option is exercised; the exact pricing of the offering is not certain and likely lower than $19.28 per share) for working capital and other general corporate purposes. The number of funds in our database with holdings in Callidus Software Inc. (NASDAQ:CALD) fell by four during the second quarter to 19 at the end of June.

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Disclosure: None

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