General Motors Company (GM), Basic Energy Services Inc. (BAS) and Three Others Among Stocks Making Headlines Today

FedEx Corporation (NYSE:FDX)’s shares opened higher but are currently trading close to flat following news about the company’s new investment in France worth $1.5 billion, following which it will double its capacity at Charles de Gaulle International Airport in Paris. A total of $220 million has been earmarked for extending the facilities at airport, while the remaining amount will represent the guaranteed total amount of rent over the period of 30 years. FedEx will start a new package sorting facility in 2019, leading to creation of 200 to 400 jobs. A total of 46 hedge funds tracked by us owned shares of FedEx Corporation (NYSE:FDX) worth about $3.34 billion at the end of June, which represented about 8.20% of the company’s outstanding stock.

Cae Inc. (USA) (NYSE:CAE) stock is trading in the green after the company announced signing a series of contracts, which include training programs with several airlines in North America and Asia. The company has also inked a deal for the sale of 12 full-flight simulators for airline training globally, which will be acquired by JetBlue Airways, Lufthansa Flight Training and Embraer CAE Training Services, among others. These training and sales contracts are expected to be worth CAD 200 million ($152.60 million). At the end of June, 11 funds we track held shares of Cae Inc. (USA) (NYSE:CAE), compared to eight funds a quarter earlier.

Shares of Amaya Inc. (NASDAQ:AYA) have slid by more than 8% so far today as its proposed merger with William Hill had been called off. Amaya said that it is in the best interest of its shareholders that the company remains independent, while William Hill faced opposition to the merger from its investors. The gambling sector is currently going through a consolidation phase. The number of funds from our database that held shares of Amaya Inc. (NASDAQ:AYA) remained unchanged at 17 during the second quarter, while the aggregate value of their positions surged to $685 million from $397 million and represented around 30.80% of the company’s float at the end of June.

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