Shares of Ultra Petroleum Corp. (NYSE: UPL), an independent oil and gas company, are rallying in trading today. At last check, UPL shares were trading 8.42% higher at $18.41 on above average volume of 4.99 million. The stock hit an intra-day high of $18.44 earlier today. UPL shares have gained more than 13% in the last three trading sessions.
Continue reading Major Gainers on March 7; UPL, KEY, AFCE, JPM, AAPL
Shares of Ciena Corporation (NASDAQ: CIEN), a provider of communications networking equipment, software and services that support the transport, switching, aggregation and management of voice, video and data traffic, have surged in trading today after the company reported its financial results for the first quarter ended January 31, 2013.
Continue reading Ciena Corporation Shares Surge on Q1 Results (CIEN)
Shares of Navistar International Corp. (NYSE: NAV), a manufacturer of International brand commercial and military trucks, are seeing a huge rally in trading today after the company reported its financial results for the first quarter of fiscal 2013.
Continue reading Navistar International Shares Surge on Q1 Results (NAV)
Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock.
Continue reading Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
World’s largest pork producer, Smithfield Foods Inc. (NYSE: SFD) reported on Thursday that fiscal third-quarter income rose 3% as bottom line was boosted by strong sale growth in its packaged foods business.
Continue reading Smithfield’s Q3 Results Beat Street’s Estimates (SFD)
Equity markets are continuing to have an excellent run in 2013. Year-to-date, the S&P 500 has gained 6.45% and crossed the psychological 1,500 mark.
Continue reading What Smart Hedge Funds are Buying and Selling for Early 2013
Secure electronic payment solutions provider, VeriFone Systems Inc. (NYSE: PAY) announced fiscal first-quarter results late on Tuesday which showed both earnings and revenue edging past Street’s estimates, thanks to higher margins and strong service revenue growth. Shares rallied in afterhours trading as the company swung back into profit in fiscal first quarter; however, the outlook on the full-year disappointed investors.
Continue reading VeriFone’s Q1 Results Beat Street’s Estimates (PAY)
Ascena Retail Group Inc. (NASDAQ: ASNA) reported on Monday that its fiscal second-quarter profits fell as it faced challenging holiday season quarter. Adjusted earnings, however, edged past analysts’ estimation. The Company also reaffirmed its previous earnings guidance, sending shares 16.15% higher in aftermarket trading.
Continue reading Ascena Q2 Sales Leaps 44%, Maintains Full Year Guidance (ASNA)
Shares of Stratasys Inc. (NASDAQ: SSYS), a manufacturer and seller of three-dimensional (3D) printers and materials that create prototypes and manufactured goods directly from 3D CAD files or other 3D content, are soaring in trading today after the company reported strong fourth-quarter financial results.
Continue reading Major Movers on March 4; SSYS, HL, LXK, ARNA
Beleaguered electronics goods chain, Best Buy Co. Inc. (NYSE: BBY) reported fiscal fourth-results that were better-than-expected, as cost cutting measures offset flagging same-store- sales during the key holiday-season quarter.
Continue reading Best Buy Posts Better-Than-Expected Q4 Results (BBY)