Shares of Sinclair Broadcast Group Inc. (NASDAQ: SBGI) rallied on Friday as the television station operator will soon be in a position to gain traction in the Western United States, thanks to its decision to acquire Fisher Communications Inc. (NASDAQ: FSCI).
Continue reading Sinclair Broadcast Group to Acquire Fisher Communications (SBGI, FSCI)
Shares of Ashland Inc.(NYSE: ASH) jumped about 7.60% by midday trade after JANA Partners said late last evening that it has acquired 7.4% stake in the Company. Covington, KY based Ashland is a specialty chemical company, which provides products, services and solutions to wide ranging industries.
Continue reading Major Movers on April 12; ASH, RAD, RATE, INFY, SBGI
Professional networking site LinkedIn Corp. (NYSE: LNKD) confirmed on Thursday that it will be acquiring a news application-reader, Pulse, a three year old tech start up, in deal estimated at $90 million, according to AllThingsD.
Shares of Microsoft Corporation (NASDAQ: MSFT), Hewlett-Packard Company (NYSE: HPQ) slumped on Thursday after market research consulting firm IDC said that sales of PCs tumbled 12.9% in the first quarter of the current year, a steepest decline in quarterly sales since 1994 when IDC started keeping track on quarterly PC sales.
Continue reading Major Movers on April 11; MSFT, ROST, FTNT, APOG, XRX, RT, IART, ZUMZ
Social networking giant Facebook Inc. (NASDAQ: FB) has launched its much anticipated and possibly a very profitable way to flash only highly targeted advertisements to its users. Typically, what consumers have shopped in the past, either online or through brick and motors stores, provides fairly good idea on his/her likings and more importantly tells what they are most likely to buy in the future.
Continue reading Facebook Partners With Data Companies to Track Customer’s Buying Profile (FB)
Shares of Trulan Resources Inc. (PINK: TRLR), an exploration and mining development company focusing on gold, silver and platinum group metal projects in North America, are seeing a huge rally in trading today. At last check, TRLR shares were trading 53.12% higher at $0.0245 on above average volume of 35.45 million. The stock hit an intra-day high of $0.03 earlier today.
Shares of Tranzbyte Corporation (PINK: ERBB), a company operating medical marijuana retail dispensaries under the Altitude Organic Medicine brand name in California, Colorado, and Arizona, are seeing a huge rally in trading today. At last check, ERBB shares were trading 38.71% higher at $0.0086 on above average volume of 244.61 million. The stock hit an intra-day high of $0.01 earlier today. ERBB shares have gained more than 66% in the last three trading sessions.
Shares of CarMax Inc. (NYSE: KMX) gained about 2.30% by afternoon trading after the largest used car seller in the U.S. reported on Wednesday that fiscal fourth quarter profit climbed 13% as sales in used car and wholesale segment showed strong growth.
Continue reading Major Movers on April 10; KMX, ADTN, MNKD, HMA, PSMT
Although Constellation Brands Inc. (NYSE: STZ) reported on Wednesday that its fiscal fourth-quarter profit shrank 21% from year-earlier quarter mainly due to higher taxes and rise in expenses, adjusted earnings edged past street’s estimate as top line growth was bolstered by strong sales of wines and spirits while its recent acquisition also helped driving up the revenue.
Continue reading Constellation Brands Beats Q4 Earnings Estimate (STZ)
AeroVironment Inc. (NASDAQ: AVAV) director Arnold L. Fishman this week bought 7,000 shares of AVAV common stock at $17.84 per share. Fishman made a total investment of $124,880. This is the first purchase made by Fishman in the last one year.
Continue reading AeroVironment Director Buys 7,000 Shares (AVAV)