Why These Five Stocks Are Trending Today?

Seven & I Holdings Acquires CST Brands Stores and Gas Stations

Investors are watching CST Brands Inc (NYSE:CST) after Seven & I Holdings’ U.S. unit, 7-Eleven Inc, announced the acquisition of CST Brands’ 79 gas stations and convenience stores in California and Wyoming. The company didn’t not disclose the purchase price. Reuters reported on Thursday that CST Brands Inc (NYSE:CST) had received takeover bids from Alimentation Couche-Tard Inc and Seven & i Holdings Co Ltd, the world’s largest convenience store operator based in Tokyo, Japan. Seven & I Holdings’ spokesperson Minoru Matsumoto said that the company is interested in acquiring the whole of CST Brands. At the end of the first quarter, David Cohen And Harold Levy’s Iridian Asset Management had more than 7.5 million shares of CST Brands Inc (NYSE:CST) and was one of the 28 investors bullish on the stock from our database.

Toyota Motors Halts Production at 3 Plants

Toyota Motor Corp (ADR) (NYSE:TM) has announced to cease production at three of its assembly plants in Japan from Friday morning following an explosion at a supplier plant. The explosion took place on Monday at Aisin Advics factory, a producer of braking systems used in Toyota automobiles. Toyota said that production will be resumed by the start of the next week. Only 12 hedge funds were long Toyota Motor Corp (ADR) (NYSE:TM) at the end of the first quarter. Phill Gross and Robert Atchinson’s Adage Capital Management has more than 1.3 million shares of the company.

Chemours Down After a Battering Report by Citron

Chemours Co (NYSE:CC)’s keeps losing ground after a report from Citron Research, which called the chemical company a “bankruptcy waiting to happen.” The report said that Chemours inherited a lot of liabilities from DuPont, the chemical company from which Chemours was spun off last year. Citron said that DuPont passed major liabilities to Chemours such as C8, a chemical which is toxic at extremely low levels of exposure, and $4 billion of debt. The report also claimed that Chemours Co (NYSE:CC) had to rewrite the terms of its adjusted EBITDA to avoid breaching debt covenants just within three months of spinoff. Chemours released a statement on Thursday, “strongly” refuting the report by Citron.A total of 30 funds among those tracked by Insider Monkey were bullish on Chemours Co (NYSE:CC) at the end of the quarter of 2016, up from 22 funds a quarter earlier.

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