Mid Cap New Highs: UDR (NYSE:UDR), Restoration Hardware Holdings (NYSE:RH), LaSalle Hotel Properties (NYSE:LHO), CBS Outdoor Americas (NYSE:CBSO), Gannett (NYSE:GCI)

Technology Stocks News 16

UDR Inc (NYSE:UDR) SVP Harry G. Alcock sold 10,000 shares of UDR stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $28.02, for a total value of $280,200.00. Following the sale, the senior vice president now directly owns 121,151 shares in the company, valued at approximately $3,394,651. UDR, Inc. (NYSE:UDR) stock performance was 0.71% in last session and finished the day at $28.40. Traded volume was 1.40million shares in the last session and the average volume of the stock remained 1.43million shares. The beta of the stock remained 0.87. UDR, Inc. (NYSE:UDR) insider ownership is 1.30%.

Restoration Hardware Holdings Inc (NYSE:RH) Director Carlos Alberini unloaded 50,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $88.53, for a total transaction of $4,426,500.00. Following the transaction, the director now directly owns 701,441 shares of the company’s stock, valued at approximately $62,098,572. Restoration Hardware Holdings Inc (NYSE:RH) rose 2.57 percent to $89.30 Wednesday on volume of 1.75million shares. The intra-day range of the stock was $87.66 to $90.89. Restoration Hardware Holdings Inc (NYSE:RH) has a market capitalization of $3.52billion.

LaSalle Hotel Properties (NYSE:LHO) today announced it will report financial results for the Second Quarter 2014 on Wednesday, July 23, 2014 after the market closes. The Company will conduct its quarterly conference call on Thursday, July 24, 2014 at 9:30 AM eastern time. LaSalle Hotel Properties (NYSE:LHO)’s stock on June 25, 2014 reported a increase of 0.78% to the closing price of $36.04. Its fifty two weeks range is $23.41 -$36.60. The total market capitalization recorded $3.75billion. The overall volume in the last trading session was 2.20million shares. In its share capital, LHO has 104.06million outstanding shares.

The talks are the latest sign of a possible merger as the telecom, and cable and satellite TV industry is heading towards consolidation. The latest one was as reported by the Wall Street Journal and owners of Univision Communications Inc is going through the preliminary talks with CBS Corporation (NYSE:CBS) and Time Warner Inc. It may be an issue with the price as the owners valued the Company as $20 billion. On Wednesday, shares of CBS Outdoor Americas Inc (NYSE:CBSO) advanced 1.11% to close the day at $34.61. Company return on investment (ROI) is 5.20% and its monthly performance is recorded as 9.56%.

Gannett Co., Inc. (NYSE:GCI)’s first-quarter 2014 results remained impressive, as the bottom line beat the Zacks Consensus Estimate and surged 27% year over year, buoyed by sturdy performance of the Broadcasting segment that gained from the acquisition of Belo Corp. This is the third straight quarter that the company has outdone the Zacks Consensus Estimate. Notably, the top line registered 13.4% growth but missed the Zacks Consensus Estimate. The Digital segment also favorably impacted the quarter. Gannett Co., Inc. (NYSE:GCI) stock performance was 5.07% in last session and finished the day at $30.67. Traded volume was 3.57million shares in the last session and the average volume of the stock remained 1.74million shares. The beta of the stock remained 2.23. Gannett Co., Inc. (NYSE:GCI) insider ownership is 0.20%.

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