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HomeBusiness NewsStocks in Momentum- Rovi Corporation (NASDAQ:ROVI), Cytec Industries Inc. (NYSE:CYT), Sanofi (NYSE:SNY)

Stocks in Momentum- Rovi Corporation (NASDAQ:ROVI), Cytec Industries Inc. (NYSE:CYT), Sanofi (NYSE:SNY)

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Rovi Corporation (NASDAQ:ROVI)  reported that Rovi has renewed its discovery patent portfolio license contract with Funai Electric Co. Ltd., covering Japan and Europe. The cross-regional licenses enable Funai to use Rovi’s patent portfolio for high-quality digital consumer electronics, giving Funai access to a range of Rovi’s best-in-class discovery features comprising intuitive search and targeted recommendations services. Recently’s announcement additional builds upon Funai’s existing North American Intellectual Property (IP) license contract. On the other side, Stocks of Rovi Corporation (NASDAQ:ROVI) shows upbeat performance, declined -0.08% to traded at $12.53 in last session with shares volume of 1955.57.

Cytec Industries Inc. (NYSE:CYT)  surged in previous trading session after Harwood Feffer LLP is investigating possible claims against the BOD of Cytec Industries Inc. (CYT) concerning the proposed acquisition of the Firm by Solvay SA. Under the terms of the proposal, Solvay would attain Cytec in a transaction valued at about $6.4 billion. Pursuant to the accord, Cytec shareholders would receive $75.25 in cash per share owned. Our examination concerns whether the Cytec BOARD OF DIRECTORS is fulfilling its fiduciary duties, maximizing the value of the Firm, disclosing all material benefits and costs, and obtaining full and fair consideration for Firm shareholders. Shares of Cytec Industries Inc. (NYSE:CYT) has price volatility of 2.56% in last 5 days trading session, as shares of firm closed at $74.19 knocking up 27.06% in last session.

Sanofi (NYSE:SNY) reported that its Q2 earnings that beat analysts’ anticipates, buoyed by demand for two multiple sclerosis medicines. The earnings not comprising some costs and currency movements, which Sanofi calls business net income, climbed to 1.84B euros ($2.02B), or 1.41 Euros a share, from 1.54 billion Euros, or 1.17 a share, Paris-based Sanofi stated in a statement Thursday. That exceeded the 1.32 euro-a-share average of 12 analyst anticipates compiled by Bloomberg. Sanofi (NYSE:SNY) decreases -2.17% to closed at $52.64 as compare to its fifty-two week range of 43.57 – 57.42.

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