Shares in SIPP International Industries Inc. (OTC: SIPN), operating as a holding company in the food, hotel and broadcasting industries, are seeing a huge rally in trading today. At last check, SIPN shares were trading 119.44% higher at $0.0395 on above average volume of 5.54 million. The stock hit a 52-week high of $0.05 earlier today.
Month: June 2013
Home Bancshares Shares Soar over Liberty Bancshares Deal (HOMB)
Home Bancshares Inc. (NASDAQ: HOMB) announced on Tuesday that it will be acquiring privately held Jonesboro, Arkansas-based Liberty Bancshares Inc. The deal will create a $7.1 billion Company and the second largest bank, based in Arkansas. The new entity will overtake First Security Bank of Searcy, which was thus far the second largest Arkansas based company, in terms of assets. Continue reading Home Bancshares Shares Soar over Liberty Bancshares Deal (HOMB)
Synaptics Lifts Q4 Outlook (SYNA)
Shares of Synaptics Inc. (NASDAQ: SYNA) skyrocketed in afterhours trading on Tuesday after the touchscreen chip maker upwardly revised its outlook for the fiscal fourth quarter, citing robust demand for its products from smartphone makers.
Major Movers on June 25; NFLX, BKS, WAG, P, IPXL
Shares of Netflix Inc. (NASDAQ: NFLX) fell 3% by afternoon trade after Bernstein’s senior equity analyst, carlos Kirjner downgraded the internet streaming company’s stock to “underperform” from “market-perform”. Bernstein has a price target of $180. The firm said current valuation reflected “unrealistic expectations.” In his research note, Kirjner wrote, “We believe Netflix will grow its subscriber base, will expand its margins and will be able to replicate its business model in different geographies….However, we also believe that the stock’s current valuation reflects unrealistic expectations across all major economic and strategic levers of the business.”
Continue reading Major Movers on June 25; NFLX, BKS, WAG, P, IPXL
Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)
Lennar Corp. (NYSE: LEN) said on Tuesday that fiscal second quarter net income fell by 70% as the company had unfavorable comparables (more tax gains in the year earlier quarter); however shares climbed as both revenue and earnings exceeded street’s estimate. Strong growth in new orders and increase in home prices boosted the top line growth.
Continue reading Lennar Corp. Q2 Results Beat Estimates (LEN, TOL)
Micro-Caps on the Move; Medical Marijuana Inc. (MJNA), Nano Tech Entertainment Inc. (NTEK), Hemp Inc. (HEMP)
Shares of Medical Marijuana Inc. (OTC: MJNA), operating in the medical marijuana and industrial hemp markets, are soaring in trading today. At last check, MJNA shares were trading 10.53% higher at $0.145 on volume of 6.06 million. The stock hit an intra-day high of $0.15 earlier today. MJNA shares have gained 45% in the last three trading sessions.
Vodafone Enters into Euro 7.7 billion Acquisition Deal with Kabel Deutschland (VOD)
Vodafone Group Plc (ADR) (NASDAQ: VOD) announced on Monday that it has agreed to acquire, Germany’s leading cable operator Kabel Deutschland in deal valued at 7.7 billion euro (approximately $10 billion). The move will allow Vodafone to expand its traction in TV and fixed-line business at time when competition is intensifying in these businesses across Europe. The acquisition will help Vodafone to expand its customers’ base for its cellphone and broadband services in Germany.
Continue reading Vodafone Enters into Euro 7.7 billion Acquisition Deal with Kabel Deutschland (VOD)
Major Movers on June 24; VHS, THC, ISIS, STEC, KEYN, AGN, DE
Shares of Vanguard Health Systems Inc. (NYSE: VHS) rallied more than 65% by afternoon trade on Monday. The hospital services provider, Tenet Healthcare Corp. (NYSE: THC) agreed to buy Vanguard Systems in a transaction valued at $1.63 billion. The acquisition will help Tenet to diversify its healthcare service business.
Continue reading Major Movers on June 24; VHS, THC, ISIS, STEC, KEYN, AGN, DE
Tenet Healthcare to acquire Vanguard Health Systems (THC, VHS)
Tenet Healthcare Corp. (NYSE: THC) announced on Monday that it has agreed to acquire Vanguard Health Systems Inc. (NYSE: VHS) in a deal valued at about $1.63 billion. The move will allow Tenet Healthcare to diversify its healthcare service business.
Continue reading Tenet Healthcare to acquire Vanguard Health Systems (THC, VHS)
Micro-Caps on the Move; Northumberland Resources Inc. (NHUR), Imageware Systems Inc. (IWSY), Limitless Venture Group Inc. (LVGI)
Shares of Northumberland Resources Inc. (OTC: NHUR), an exploration stage company engaged in the exploration and production of oil and gas in the U.S., are soaring in trading today. At last check, NHUR shares were trading 18.05% higher at $0.968 on volume of 463,979. The stock hit an intra-day high of $0.97 earlier today. Continue reading Micro-Caps on the Move; Northumberland Resources Inc. (NHUR), Imageware Systems Inc. (IWSY), Limitless Venture Group Inc. (LVGI)