Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Why Visa, Johnson and Johnson, Pfizer, and Two Other Stocks Are in Spotlight Today

Jeffrey Smith‘s Starboard Value has settled its dispute with Depomed Inc (NASDAQ:DEPO) after the two announced an agreement where the Depomed board will include three new independent directors in return for Starboard withdrawing a request for a special meeting. The three directors will add to the existing six current board members of Depomed. Starboard currently owns around 9.8% of the float and wants Depomed’s board to consider strategics alternatives including selling itself. At the end of June, 23 funds tracked by Insider Monkey owned $328.2 million worth of Depomed Inc (NASDAQ:DEPO)’s stock, which accounted for 27.40% of the float.

Follow Assertio Therapeutics Inc (NASDAQ:ASRT)
Trade (NASDAQ:ASRT) Now!

Corrections Corp Of America (NYSE:CXW) is trending after the company has amended and extended its Intergovernmental Service Agreement with the City of Eloy, Arizona, for CCA’s leased and operated 2,400-bed South Texas Family Residential Center. The updated agreement will provide a new lower fixed monthly payment beginning November 16. In addition, Corrections Corp of America updated its guidance, with the company’s management now expecting adjusted diluted EPS of $1.78-$1.81 and normalized FFO per diluted share of $2.57-$2.60 for the full 2016. For the next year, Corrections Corp Of America (NYSE:CXW) expects adjusted diluted EPS of $1.35-$1.45 and normalized FFO per diluted share of $2.11-$2.21. A total of 15 funds from our database had a bullish position in Corrections Corp Of America (NYSE:CXW) at the end of the second quarter, up by two funds from the previous quarter.

Follow Corecivic Inc. (NYSE:CXW)
Trade (NYSE:CXW) Now!

Disclosure: None

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading...