Shares of Transocean Ltd. (NYSE: RIG) gained on Monday after the world’s largest offshore rig contractor revealed that billionaire investor, Carl Icahn has acquired a 1.56 percent stake in the company and is considering to expand his holding in the company.
Continue reading Transocean Gains as Noted Investor Carl Icahn Buys Stake (RIG)
Shares of Dendreon Corporation (NASDAQ: DNDN) rallied on Friday after analysts at Bernstein Research boosted its rating on the pharmaceutical company to “outperform” and raised its price target on stock by 43% to $10, citing upbeat outlook on company’s prostate cancer treatment. The 52-week trading of the stock is $5.73-$6.02.
Continue reading Major Movers on January 11; DNDN, BBY, KBR, INFY, ARQL, JCP, WFC
Shares of Dendreon Corporation (NASDAQ: DNDN), a biotechnology company engaged in the discovery, development and commercialization of therapeutics that may improve cancer treatment options for patients, are seeing a huge rally in trading today following a rating upgrade from Sanford C. Bernstein.
Continue reading Dendreon Shares Surge on Rating Upgrade (DNDN)
America’s fourth largest bank in term of assets and leading mortgage lender, Wells Fargo & Company (NYSE: WFC) reported better-than-expected fiscal fourth-quarter results on Friday. Wells Fargo’s results are often regarded as precursor on the banking industry’s performance and growth in mortgage lending.
Continue reading Wells Fargo Reports 24% Jump in Fiscal Q4 Profits (WFC)
Shares of VOXX International Corp. (NASDAQ: VOXX), an international distributor in the accessory, mobile and consumer electronics industries, are seeing a huge rally in trading today after the company reported its third-quarter financial results.
Continue reading VOXX International Shares Surge on Q3 Results (VOXX)
Shares of professional networking company LinkedIn Corporation (NYSE: LNDK) edged up on Thursday after the company said that it touched 200 million members mark with users spread across 200 countries and territories and services being offered in 19 different languages.
Continue reading Major Movers on January 10; LNKD, ARO, SVU, TIF, VOXX
Shares of Alcoa Inc. (NYSE: AA) gained on Tuesday. The aluminum giant, whose results are considered as an economic bellwether, swung into profit in the fiscal fourth quarter. Earnings after excluding onetime gains were in line with analysts’ expectation. The Company also boosted its outlook on global aluminum demand for 2013. Alcoa now expects global aluminum demand will grow by 7 percent in 2013, up from its previous projection of 6.5 percent growth.
Continue reading Major Movers on January 9; AA, CLWR, DISH, S, APOL, FB, NUVA, STX
Shares of Seagate Technology Plc (NASDAQ: STX), a provider of electronic data storage products, have risen sharply in early trading today after the company reported preliminary second-quarter financial results.
Shares of Clearwire Corporation (NASDAQ: CLWR) rallied on Wednesday after DISH Network (NASDAQ: DISH) offered to buy the telecommunication company for $2.28 billion, trumping Sprint Nextel’s (NYSE: S) $2.2 billion takeover offer.
Continue reading DISH’s Bid for Clearwire Trumps Sprint Nextel’s Offer (CLWR, DISH, S)
Shares of Monsanto Company (NYSE: MON), a provider of agricultural products for farmers, edged higher in trading today after the company reported its first-quarter financial results. The company also raised its guidance for the full year.
Continue reading Monsanto Shares Gain on Quarterly Results (MON)