News Buzz: Cosan Ltd (USA)(NYSE:CZZ), Nova Lifestyle Inc (NASDAQ:NVFY), Pure Storage Inc (NYSE:PSTG)

On Tuesday, Shares of Cosan Ltd (USA)(NYSE:CZZ), subtract -1.75% and closed at $7.31 in the last trading session. The last trading range of the stock ranges between $7.27 and $7.47. Cosan Limited, together with its auxiliaries, engages in piped natural gas, Logistics service, agricultural land, lubricant, sugar and ethanol, and fuel businesses mainly in Brazil and internationally. The company’s Raízen Energia segment produces and markets various products derived from sugar cane, counting raw sugar, and anhydrous and hydrated ethanol. This segment is also involved in activities related to energy cogeneration from sugarcane bagasse; and holds interests in companies involved in research and development on new technology. Its Raízen Combustíveis segment distributes and markets fuels, mainly through a franchised network of service stations under the Shell brands in Brazil. The company’s COMGÁS segment distributes piped natural gas to customers in the industrial, residential, commercial, automotive, thermogeneration, and cogeneration sectors in part of the State of Sao Paulo. Its Cosan Logística segment provides logistics services for transport, storage, and port loading of commodities, mainly for sugar products; and leasing or lending of locomotives, wagons, and other railway equipment. The company’s Radar segment is involved in buying, managing, selling, and leasing agricultural land. Its Lubricants segment produces and distributes lubricants under the Mobil and Comma names.

Nova Lifestyle Inc (NASDAQ:NVFY), dropped -15.75% and closed at $4.28 in the last trading session. The last trading range of the stock ranges between $4.01 and $4.98. The company’s Market capitalization is $150.47 million with the total Outstanding Shares of 25.12 million. Nova LifeStyle, Inc. (NVFY) (“Nova LifeStyle” or the “Company”), a U.S.-based, leading innovative designer, manufacturer and distributor of modern life style furniture, recently declared it has signed a Share Transfer Agreement (“Agreement”) with Kuka Design Limited, a company incorporated in BVI (“Kuka BVI”) to sell NOVA BVI and its auxiliaries, which consists of the Company’s manufacturing operations in mainland China (the “Transaction”).  With the slow-down of the Chinese economy and a noteworthyincrease in labor and other costs for manufacturing facilities in China, the Company decided to sell NOVA BVI, allowing the Company to transition to a “light-asset” business model with greater flexibility and scalability while also focusing its operations on designing, developing, branding, marketing and distributing furniture products in North America, Asia and around the world.

Pure Storage Inc (NYSE:PSTG), jumped 5.90% and closed at $14.71 in the last trading session. The last trading range of the stock ranges between $13.89 and $14.98. During the 52-week trading session the minimum price at which share price traded, registered at $9.62 and reached to max level of $20.60. Pure Storage, Inc. develops and provides an enterprise data storage platform in the United States, Europe, and Asia. The company’s storage platform integrates the Purity Operating Environment, a flash-optimized software; FlashArray, a modular and scalable all-flash array hardware; and Pure1, a cloud-based administration and support platform. Its customers include large and mid-size organizations across various industries, counting cloud-based software and service providers, consumer Web, education, energy, financial services, government, healthcare, manufacturing, media, retail, and telecommunications.

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