Rumors of a company sale boost an electric transmission stock, and encouraging EPA decision helps two biodiesel companies.
|Paradigm Portfolio stock ITC Holdings Corp jumps 9% on historic volume after news leaks of potential company sale. Target purchase price could be as much as $45/share, 22% above its current stock price. We consider the stock to be Undervalued.||Bloomberg Business|
|An EPA decision to increase biomass-based diesel volume targets causes Pacific Ethanol trades up 21% on the largest volume since May. A recent insider buy and a bottoming chart pattern could mean more upside from here. This speculative stock is still down 58% for the year.||Wall Street Point|
|Biodiesel company Renewable Energy Group gains 7% on an EPA decision to increase biomass-based diesel volume targets. This final EPA rule projects biodiesel production to grow 16% in two years. A pure-play Paradigm Portfolio stock, REGI is trading flat for the year but has almost doubled from its lows of 2012.||Business Wire|