Here’s Why These Five Stocks Are Trending

Neustar to Split Up to Unlock Shareholder Value

Neustar Inc (NYSE:NSR) has announced its intention to separate into two publicly traded companies in a tax-free spin-off that will likely occur over the next twelve months. One of the companies will focus on information services, while the other will focus  on order management and numbering services. Neustar has retained JP Morgan as a financial advisor for the transaction. Shares of the stock have popped nearly 8% on the news. At the end of March, 17 funds tracked by us were bullish on Neustar Inc (NYSE:NSR), down by seven funds from the previous quarter.

Progenics Signs Commercial License Agreement

Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) shares are in the green after the company signed a commercial license agreement with Selexis SA over the use of Selexis’ SUREtechnology platform and proprietary cell line. The SUREtechnology platform should facilitate cost-effective production of recombinant proteins and provide seamless integration of the bioproduction continuum. The number of funds from our database with holdings in Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) inched up by one quarter-over-quarter to 14 at the end of March.

BHP Billiton Sticking With Coal

BHP Billiton Limited (ADR) (NYSE:BHP) is 0.8% in the red today after the commodities giant said it will continue producing coal despite the industry slow-down. Although coking coal prices are considerably lower than what they were five years ago, BHP management thinks demand will increase as developing economies grow. BHP hopes to cut costs and increase productivity in the meantime to shore up its earnings. Shares of the company depend heavily on Chinese demand at the moment and BHP could use a little diversification from India and other developing countries. Among the funds we track, 12 funds were long BHP Billiton Limited (ADR) (NYSE:BHP) at the end of March, up by two from the previous quarter.

Disclosure: none