Equifax Inc. (NYSE:EFX) retreated its position after shares change of 0.37% on Thursday and it traded at $106.44. The 52-week high of the share price is -27.60% and 52-week low of the share price is 18.81%.
Hagens Berman Sobol Shapiro LLP alerts investors in Equifax Inc. (EFX) to the Company’s CEO departure and reminds them of the November 13, 2017 Lead Plaintiff deadline in the pending securities class action. If you purchased or otherwise purchased securities of EFX between February 25, 2016 and September 7, 2017 and suffered losses contact Hagens Berman Sobol Shapiro LLP.
On September 7, 2017, EFX revealed that its systems were vastly hacked and impacted nearly 143 million U.S. consumers, and driving the price of EFX shares down 13.7% to close at $123.23 on September 8, 2017. EFX revealed that it learned about the unauthorized access on July 29, 2017. Before informing investors and the public about the data breach, the Company’s Chief Financial Officer and two other corporate insiders sold shares for profits of $1.7 million. Additional unusual option activity in late August also potentially exploited inside knowledge of the security breach in order to profit on information not available to the public.
On September 26, 2017, the Company reported Chairman and CEO Richard F. Smith will “retire”. “We’re focused on what appears to be suspiciously timed insider selling within two trading days after the Company says it discovered the breach, the option activity and why management took so long to inform investors of the breach,” said Hagens Berman partner Reed Kathrein.
The shares performance of EFX was -24.31% for the last one month and 10.87% in the previous week, whereas year to date performance was calculated -9.97%. The goal of share performance is to compare managers to the interests of shareholders. Their goal is alike to employee stock-option plans, as they offer an explicit incentive for management to focus their efforts on maximizing shareholder value. When calculating in the EPS estimates for the current year from sell-side analysts, the Price to current year EPS stands at 13.70%. Investors looking further ahead will note that the Price to next year’s EPS is 6.47%.
In latest trading session, Ford Motor Company (NYSE:F) eased up 0.17% with 27.81 Million trading volume. Ford Motor Co. (F) declared that it has entered a partnership with Lyft Inc. to bring self-driving vehicles to the masses. The companies will work together to develop a technology platform that can easily connect with a partner’s platform to dispatch self-driving vehicles.
Initially, Ford plans to deploy human-driven vehicles on Lyft’s network based on the planned technology platform. The company will also deploy its self-driving test vehicles to Lyft network.
F has the current ratio of 1.20 for the most latest quarter. As concerns shares volumes, in share Capital Company has 3931.50 million outstanding shares among them 3807.51 million shares have been floated in market exchange. The firm’s institutional ownership remained 56.80% while insider ownership included 0.10%.