El Paso Electric Company (NYSE: EE) Director, Woody L. Hunt, recently bought 3,000 shares of EE common stock at $38.39 per share. Hunt’s investment totaled $115,170.
Continue reading El Paso Electric Director Buys 3,000 Shares (EE)
Month: May 2013
Micro-Caps on the Move; Novus Acquisition & Development Corp. (NDEV), Titan Pharmaceuticals Inc. (TTNP), OncoSec Medical Inc. (ONCS)
Shares of Novus Acquisition & Development Corp. (OTC: NDEV), a merger and acquisition company, are climbing in trading today. At last check, NDEV shares were trading 5.77% higher at $0.275 on above average volume of 2.77 million. The stock hit an intra-day high of $0.34 earlier today. Despite the gains in trading today, NDEV shares are down more than 63.80% in the last three trading sessions.
Broadsoft Beats Q1 Estimates, Provides Strong FY2013 Earnings Guidance (BSFT)
Broadsoft Inc. (NASDAQ: BSFT) reported stronger-than-expected fiscal first quarter results on Monday. The Company also provided earnings strong full-year guidance and boosted its earnings outlook on the current quarter, sending shares soaring 8.26% in extended trading hours.
Continue reading Broadsoft Beats Q1 Estimates, Provides Strong FY2013 Earnings Guidance (BSFT)
Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY
Tyson Foods Inc. (NYSE: TSN) tumbled after the meat and food processing company reported more-than-feared fall in fiscal second quarter profit on Monday as margins on Chickens contracted further due to soaring feed costs caused by last year’s severe drought. For the recently concluded quarter, Tyson Foods reported net income of $106 million or 26 cents a share compared to a profit of $166 million or 44 cents a share. Stripping out onetime items, the Company reported adjusted earnings of 36 cents a share while analysts’ consensus estimate was for 45 cents a share, according to a data compiled by Thomson Reuters. Revenue during the period came at $8.42 billion compared to $8.3 billion, in the year-earlier quarter but falling short of Street’s consensus forecast of $8.58 billion.
Continue reading Major Movers on May 6; TSN, MBI, RENN, MINI, CMLP, NRGY
Inergy L.P. and Crestwood Midstream Enter Merger Deal (NRGY)
Shares of Inergy L.P. (NYSE: NRGY) soared on Monday after the marketer and distributor of propane announced that it has agreed to merge its business with Crestwood Midstream Partners L.P. in a cash and stock deal.
Continue reading Inergy L.P. and Crestwood Midstream Enter Merger Deal (NRGY)
Micro-Caps in Focus; Multi-Corp International Inc. (MULI), Bio-Matrix Scientific Group Inc. (BMSN), American Graphite Technologies Inc. (AGIN)
Shares of Multi-Corp International Inc. (OTC: MULI), a development-stage company engaged in the exploitation of proprietary software, are climbing in trading today. At last check, MULI shares were trading 9.43% higher at $0.580 on above average volume of 1.96 million. The stock hit an intra-day high of $0.68 earlier today. MULI shares have gained more than 13.70% in the last three trading sessions.
Berkshire Hathaway Q1 Profits Soar 50.5% (BRK.A)
Renowned value investor, Warren Buffet’s Berkshire Hathaway (NYSE: BRK.A) reported a 50.5% jump in its fiscal first-quarter net income on Friday, which also edged past Street’s consensus estimate.
Continue reading Berkshire Hathaway Q1 Profits Soar 50.5% (BRK.A)
Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP
Shares of American International Group Inc. (NYSE: AIG), climbed about 5.40% by afternoon trade after the insurer on Friday posted profit of $1.34 per share for the fiscal first quarter, comfortably beating analysts’ consensus estimate of 87 cents a share. Revenue however missed analysts’ expectation. Meanwhile, analysts at JP Morgan Chase reiterated “neutral” rating on the stock. Separately, Barclays Capital raised price target on the stock to $41 from $36, in research note released on Friday to clients. The firm has a “equal weight” rating on the stock.
Continue reading Major Movers on May 3; AIG, KRFT, LNKD, OPEN, ADP
Moody’s Beats Q1 Estimates, Lifts Outlook on FY13 (MCO)
Credit rating agency, Moody’s Corporation (NYSE: MCO) reported on Friday that its fiscal first-quarter net income climbed 9%, driven by solid revenue growth in the U.S.
Continue reading Moody’s Beats Q1 Estimates, Lifts Outlook on FY13 (MCO)
Micro-Caps on the Move; Itonis Inc. (ITNS), Goff Inc. (GOFF), Enviro-Serv Inc. (EVSV)
Shares of Itonis Inc. (OTC: ITNS) are climbing in trading today. At last check, the stock was trading 5.77% higher at $0.0055 on above average volume of 92.81 million. The stock touched an intra-day high of $0.01 earlier today. ITNS shares have gained more than 34% in the last three trading sessions.