Here’s Why These Five Stocks Are on the Move Today

Seadrill Ltd (NYSE:SDRL) has surged by 26% on surprise news that the company’s billionaire chairman, John Fredriksen, is said to be amenable to loan Seadrill $800 million to $1.2 billion as part of a larger deal with various financial institutions to restructure the offshore driller’s considerable debt burden. Seadrill had around $9.1 billion in net interest-bearing debt at the end of the second quarter, and considerable maturities over the next two years. The restructuring could postpone Seadrill’s bank maturities until 2020 or later. Although the deal would relieve considerable pressure from the offshore driller, some analysts still expect Seadrill to need to raise an additional $1 billion in equity by the beginning of 2019. That means potential dilution in the future. Among the funds we track, 17 funds owned shares of Seadrill Ltd (NYSE:SDRL) at the end of the second quarter, down by five funds from the previous quarter.

Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) has rallied 5% after its subsidiary entered into an agreement with AstraZeneca plc (ADR) (NYSE:AZN) for the U.S. rights to Toprol-XL and its authorized generic. According to the terms, Aralez will make an initial upfront payment of $175 million, and also mid-teen percentage royalties and up to $48 million of potential milestone payments. Traders are hitting the buy button today because the transaction is expected to be immediately EBITDA accretive on an adjusted basis once it closes (analyst expect closing to occur in the fourth quarter of 2016). A total of 20 funds from our database had a bullish position in Aralez Pharmaceuticals Inc (NASDAQ:ARLZ) at the end of June. Together those funds held around 30.90% of the float.

Last but not least, salesforce.com, inc. (NYSE:CRM) is in the spotlight after the company disclosed that it bought the leading data management platform Krux for $340 million in cash and an estimated 3.4 million to 6.0 million shares. The deal is expected to close in the fourth fiscal quarter ending January 31, 2017. Eashwar Krishnan‘s Tybourne Capital Management raised its stake in salesforce.com, inc. (NYSE:CRM) by 141% to just over 3.36 million shares during the second quarter.

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