Here’s Why These Five Stocks Are In the Spotlight: Duke Energy, Inotek, Twilio, and More

Twilio Inc (NYSE:TWLO) shares retreated in extended-market trading after the company filed a Form S-1 with the SEC which showed that it intends to offer $400 million of Class A common stock. Of that amount, Twilio intends to offer around $50 million of common stock, with the company’s stockholders intending to offer the rest. Twilio has two classes of common stock, Class A common stock and Class B common stock. The rights of the shareholders of both classes of common stock are identical, except for voting and conversion rights. Each share of Class A stock is entitled to one vote, while each share of Class B common stock is entitled to ten votes and is convertible at any time into one share of Class A common stock. According to our records, nine funds that we track owned $47.63 million worth of Twilio Inc (NYSE:TWLO) shares on June 30.

Viacom, Inc. (NASDAQ:VIAB) and CBS Corporation (NYSE:CBS) are trending after the Wall Street Journal reported that the two companies have hired advisers to explore a merger. Specifically, Viacom’s Board has retained Morgan Stanley, while CBS’s Board has hired Lazard. CBS was separated from Viacom in 2006. The two media companies are considering merging again after majority voting control holder National Amusements recently suggested that the two combine to better deliver value to shareholders.

59 hedge funds in our database were long CBS Corporation (NYSE:CBS) at the end of June, while 41 were shareholders of Viacom, Inc. (NASDAQ:VIAB).

Disclosure: None