Nuance Communications (NASDAQ:NUAN) stock identified change of 32.10% away from 52-week low price and recently located move of -7.87% off 52-week high price. It has market worth of $4801.51M. NUAN stock has been recorded 1.87% away from 50 day moving average and 2.60% away from 200 day moving average. Moving closer, we can see that shares have been trading 0.44% off 20-day moving average.
On Sept. 04, 2019, Nuance Communications (NASDAQ:NUAN) a leading provider of conversational AI, declared that its Board of Directors has declared a pro rata dividend of Cerence Inc. common stock to be made effective at 5:00 p.m. EDT on October 1, 2019, to Nuance’s stockholders of record as of 5:00 p.m. EDT on September 17, 2019, the record date.
Each Nuance stockholder of record will receive a distribution of one share of Cerence Inc. common stock for every 8 shares of common stock, par value $0.001 per share, of Nuance, that it holds on the record date. The distribution is subject to certain conditions.
It is anticipated that when-issued trading on the Nasdaq Global Select Market in Cerence Inc. common stock will begin on or about Monday, September 16. On Wednesday, October 2, Cerence common stock will begin regular-way trading on NASDAQ under the symbol CRNC.
Statements in this release regarding the spin-off and separation constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that are not statements of historical fact (including statements containing the words believes, plans, anticipates, expects, intends or estimates or similar expressions) should also be considered to be forward-looking statements. There are a number of important factors that could cause actual results or events to differ materially from those indicated by such forward-looking statements, including but not limited to: the ability to effect the separation and spin-off of our Automotive business; our ability to successfully wind-down certain products or business lines; fluctuations in demand for our existing and future products; fluctuations in the mix of products and services sold in specific periods; further unanticipated costs resulting from the FY17 malware incident including potential costs associated with governmental investigations that may result from the incident; our ability to control and successfully manage our expenses and cash position; our ability to develop and execute in a timely manner our productivity and cost initiatives; the effects of competition, including pricing pressure, and changing business models in the markets and industries we serve; changes to economic conditions in the United States and internationally; the imposition of tariffs or other trade measures particularly between the United States and China; potential future impairment charges related to our reorganized business reporting units; fluctuating currency rates; possible quality issues in our products and technologies; our ability to successfully integrate operations and employees of acquired businesses; the ability to realize anticipated synergies from acquired businesses and to cut stranded costs related to divested businesses; and the other factors described in our most recent Form 10-K, Form 10-Q and other filings with the Securities and Exchange Commission as well as those described in Cerence Inc.’s Registration Statement on Form 10. We disclaim any obligation to update any forward-looking statements as a result of developments occurring after the date of this release.
The Technology sector company, Nuance Communications noticed change of 1.95% to $16.73 along volume of 3772865 shares in recent session compared to an average volume of 1665.41K. The stock observed return of -0.77% in 5 days trading activity. The stock was at 7.94% over one month performance. NUAN’s shares are at -3.35% for the quarter and driving a 2.51% return over the course of the past year and is now at 26.46% since this point in 2018.
The average volatility for the week at 2.09% and for month was at 2.18%. There are 287M shares outstanding and 280.79M shares are floated in market. Right now the stock beta is 0.93.
Patrick Davis is an author, journalist and CEO of newsdegree.com, a leading stocks and markets website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. Patrick has always been interested in the stock market and how it behaves.
As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Patrick observations and experience give him the insight to stock market patterns and the investor behaviors that create them.
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