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Morning Buzz: VIVUS Inc. (NASDAQ:VVUS), SeaDrill Limited (NYSE:SDRL), KB Home (NYSE:KBH), Norcraft Companies (NYSE:NCFT), IAMGOLD Corp. (NYSE:IAG) - Property Mentor Group

Property Mentor Group

Morning Buzz: VIVUS Inc. (NASDAQ:VVUS), SeaDrill Limited (NYSE:SDRL), KB Home (NYSE:KBH), Norcraft Companies (NYSE:NCFT), IAMGOLD Corp. (NYSE:IAG)

On Thursday shares of VIVUS Inc. (NASDAQ:VVUS) closed at $2.42. Company’s sales growth for last 5 years was 29.50% and EPS growth for next 5 years is recorded as 6.70%. VIVUS, Inc. (NASDAQ:VVUS) has filed a lawsuit in the U.S. District Court for the District of New Jersey against Teva Pharmaceutical Industries Ltd. (TEVA) in response to an Abbreviated New Drug Application (ANDA) filed by the latter for the generic version of VIVUS’ obesity product Qsymia capsules CIV.

SeaDrill Limited (NYSE:SDRL) in last trading activity fell -2.62% to close at $12.26. Company weekly performance is 14.37% while its quarterly performance stands at 28.24%. SeaDrill Limited (NYSE:SDRL) is -68.85% away from its 52 week high. Deutsche Bank reiterated their hold rating on shares of Seadrill (NYSE:SDRL) in a research report released on 13 April. Deutsche Bank currently has a $14.00 price objective on the stock.

On last trading day KB Home (NYSE:KBH) fell -2.60% to close at $15.72. Its volatility for the week is 2.05% while volatility for the month is 2.80%. KBH’s sales growth for past 5 years was 5.60% and its EPS growth for past 5 years was 55.00%. KB Home (NYSE:KBH) monthly performance is 16.01%. KB Home (NYSE:KBH) announced it has purchased 57 acres along the Highway 16 corridor for a new community called The Ridge at Bandera, where the builder plans to construct 128 new homes in the foothills of the Texas Hill Country. Development is scheduled to begin this summer, with an official grand opening anticipated in early 2016.

Norcraft Companies, Inc. (NYSE:NCFT) has 57.56% insider ownership while its institutional ownership stands at 98.20%. In last trading activity company’s stock closed at $25.75. On 13 April, Fortune Brands Home & Security (NYSE: FBHS) has signed an agreement to acquire Norcraft Companies, Inc., a leading, publicly-owned manufacturer of kitchen and bathroom cabinetry. “The combination of the two best cabinet businesses in North America is exciting,” said Chris Klein, chief executive officer, Fortune Brands. “Norcraft has proven capabilities and great relationships in the dealer channel with strong operating management throughout their business.”

On Thursday shares of IAMGOLD Corp. (NYSE:IAG) closed at $2.12. Company’s sales growth for last 5 years was 2.00% and EPS growth for next 5 years is recorded as 3.00%. IAMGOLD Corporation (NYSE:IAG) will release its first quarter 2015 financial results after market hours on Tuesday, May 5th, 2015.

Sebastian Ryan

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