Shares of AMR Corp. (PINK: AAMRQ), the parent company of American Airlines, are seeing a huge rally in trading today. At last check, AAMRQ shares were trading 39.53% higher at $1.26 on above average volume of 51.42 million. The stock has gained more than 44% in the last three trading sessions.
Month: January 2013
Major Movers on January 9; AA, CLWR, DISH, S, APOL, FB, NUVA, STX
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
Seagate Technology Shares Gain as Company Announces Preliminary Q2 Financial Results (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.
DISH’s Bid for Clearwire Trumps Sprint Nextel’s Offer (CLWR, DISH, S)
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)
Micro-Caps on the Move; Organovo Holdings Inc. (ONVO), Revolutionary Concepts Inc. (REVO), Augme Technologies Inc. (AUGT)
Shares of Organovo Holdings Inc. (PINK: ONVO), a developer of three-dimensional (3D) bioprinting technology for creating functional human tissues on demand for research and medical applications, are soaring in trading today.
Monsanto Shares Gain on Quarterly Results (MON)
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)
Major Movers on January 8; YUM, MON, TLLP, FIO, GME, PERI, TISI
Shares of Yum! Brands Inc. (NYSE: YUM) slumped 4.58 percent, at last check. The parent company of brands such as KFC, Pizza Hut and Taco Bell said that its sales in China will fall more than expected. The Company said that same-store-sales in KFC stores will decline as the government reviewed country’s poultry supply. Meanwhile, Wall Street firms have slashed their rating on the stock. Jefferies cut its price target on stock by $2 to $$68, Susquehanna downwardly revised its price target to $65 from $69, and UBS slashed its Price target to $69 from $73 while S&P Capital lowered its price target by $1 to $78.
Continue reading Major Movers on January 8; YUM, MON, TLLP, FIO, GME, PERI, TISI
Facebook’s Revenue from Mobile Ad Spends Reach 20% (FB)
According to digital marketing technology firm, Kenshoo, Facebook Inc. (NASDAQ: FB) is making significant progress in improving its mobile advertising business.
Continue reading Facebook’s Revenue from Mobile Ad Spends Reach 20% (FB)
Athenahealth to Acquire Epocrates (ATHN, EPOC)
athenahealth Inc. (NASDAQ: ATHN), a provider of online services to hospital and doctors, announced on Monday that it has agreed to acquire Epocrates Inc. (NASDAQ: EPOC), a maker of mobile health applications, in a deal estimated at $293 million, as the Watertown-based company looks to expand its traction in electronic records and gain a leading iPhone application.
Continue reading Athenahealth to Acquire Epocrates (ATHN, EPOC)
Major Movers on January 7; ES, ILMN, NFLX, CBMX, VVUS, AMZN, NCT, BIDU, NSM, ZNGA
Shares of EnergySolutions Inc. (NYSE: ES) surged 8.28% to $3.72 after the company announced that it agreed to be acquired by a subsidiary of Energy Capital Partners II, LLC in a deal estimated at $1.1 billion. According to the deal, each shareholder of EnergySolutions will get $3.75 in cash for each share of common stock. The deal represents a premium of 20 percent over the average closing price of Energysolution’s stock in previous 30 days ended January 4 2013.
Illumina Inc. (NASDAQ: ILMN) shares plunged 7.66 percent after Roche Holding Chairman Franz Humer confirmed in an interview that the Company does not hold any plans to acquire the gene-sequencing-specialist.
Shares of movie steaming company Netflix Inc. (NASDAQ: NFLX) climbed nearly 1.5 percent after the company announced a licensing agreement with Warner Bros. Television Group.
CombiMatrix Corporation (NASDAQ: CBMX) rallied on Monday. The stock gained almost 15 percent after the developer of cancer diagnostics and testing services for developmental disorders said that it anticipates higher-than-expected year-over-year growth in volume in prenatal testing for the fiscal fourth quarter and full year.
Shares of VIVUS Inc. (NASDAQ: VVUS) climbed 10.50 percent on Monday after the company reported that prescription of anti-obesity drug Qsymia, its key product, jumped almost 68 percent for a four week period ended December 21, compared to preceding four week period. The number of prescriptions in the latest period comfortably beat analysts’ expectations. The drug manufacturer said that it shipped 12,978 prescription of Qsymia in December up from 7,749 prescriptions in the four week period, ended November 23.
Amazon.com Inc. (NASDAQ: AMZN) shares gained around 3.30 percent after Morgan Stanley upwardly revised its rating on the stock to “overweight” from “neutral”.
Newcastle Investment Corp. (NYSE: NCT) shares leaped almost 5.50 percent on Monday. Newcastle Investment said that it intends to make a public offering of 40 million shares of common stock. The company also said that it plans to offer underwriters the option for 30 days to buy up to an additional 6 million shares of common stock.
Baidu.com Inc. (ADR) (NASDAQ:BIDU) shares fell almost 3 percent after analyst at Barclays slashed its rating on the stock t to” Equalweight”, citing concerns over earnings , lack of footprint in mobile computing, and Qihoo’s (QIHU) search success. Barclays which started its coverage on Baidu from October 2011 with “outperform” rating, cuts its price target last August.
Shares of Nationstar Mortgage Holdings Inc. (NYSE: NSM) jumped 11.50 percent after it entered in a deal to buy $215 billion worth residential mortgage servicing rights from Bank of America (NYSE: BAC).
Shares of social gaming company Zynga Inc. (NASDAQ: ZNGA) gained on Monday after the company confirmed that it has shuttered 11 of the 13 worst performing titles. Earlier in October 2012, the Company had said that it will pull-out underperforming13 titles by the end of January 2013 as it looked to slash costs and enhance efficiency as well as profitability by diverting resources in developing new titles. The Company has lost significant number of gamers for its once popular titles published in the Facebook platform due to growing competition from other gaming companies as well as lack of visibility in mobile.