Shares in GrowLife Inc. (OTC: PHOT), a manufacturer and marketer of horticulture and lifestyle products in the U.S. and internationally, are up sharply in trading today. At last check, PHOT shares were trading 15.38% higher at $0.0525 on above average volume of 14.92 million. The stock has gained over 22% in the last three trading sessions.
Month: June 2013
Facebook CEO Face Investors’ Ire at First Annual General Meeting (FB)
Social networking giant, Facebook Inc. (NASDAQ: FB) held its first annual general meeting on Tuesday; and as expected its CEO Mark Zuckerberg had to face investors’ wrath. Most Facebook shareholders are not happy with the Stock’s disappointing performance thus far.
Continue reading Facebook CEO Face Investors’ Ire at First Annual General Meeting (FB)
Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE
Shares of LDK Solar Co. Ltd. (ADR) (NYSE: LDK) tumbled 10.98% by afternoon trade. The heavily indebted Chinese solar company said on Tuesday that fiscal first quarter loss widened. The Company blamed low panel prices for its poor show. Panel prices have fallen sharply due to oversupply in China and slowdown in Europe, where governments have been withdrawing subsidies due to the budget austerity drive. The Company said that net loss stood at $187.1 million or $1.21 per ADS compared to a loss of $185.2 million or $1.46 Per ADS, in the same quarter of last year. Revenue almost halved to $104.3 million.
Continue reading Major Movers on June 11; LDK, LULU, TXN, DMND, DOLE
Dole Food Company Offered $1.5 Billion Buyout Bid From its CEO (DOLE)
Shares of Dole Food Company Inc. (NYSE: DOLE) soared on Tuesday after its Chairman and Chief Executive David H. Murdock offered to acquire the Company in a deal which is estimated at about $1.5 billion.
Continue reading Dole Food Company Offered $1.5 Billion Buyout Bid From its CEO (DOLE)
Micro-Caps on the Move; Biozoom Inc. (BIZM), Odyssey Pictures Corporation (OPIX), U.S. Energy Initiatives Corp. Inc. (USEI)
Shares of Biozoom Inc. (OTC: BIZM), a developer of non-invasive spectroscopic scanning devices for petro-chemical, medical, and mobile healthcare fields, are soaring in trading today. At last check, BIZM shares were trading 29.55% higher at $2.85 on above average volume of 6.37 million. The stock hit an all-time high of $3.10 earlier today. BIZM shares have gained more than 69.50% in the last three trading sessions.
Annie’s Q4 Profit Soars (BNNY)
Natural and organic food maker, Annie’s Inc (NYSE: BNNY) reported late on Monday that fiscal second quarter net income surged due to higher sales, a lower tax rate and favorable comparables. In the same quarter of last fiscal year, the Company had to recall frozen pizza, which put pressure on the bottom line. Continue reading Annie’s Q4 Profit Soars (BNNY)
Major Movers on June 10; STEL, IHS, FB, RFMD, MCD
Shares of Stellarone Corp. (NASDAQ: STEL) rallied about 16.35% by afternoon trade on Monday. The Company announced on Monday that it has agreed to be acquired by Union First Market Bankshares Corp in deal valued at about $445 million. According to the terms of the deal, Union First will offer one share against each share held in Stellarone, which translates into $19.50 or 20% premium over the closing stock price on Friday. The merger of Richmond Va. based Union First and Charlottesville Va. based Stellarone will result into a largest Virginia based community bank in term of deposits. The amalgamation will result into 146 branches, deposits worth $5.8 billion, loans worth $5.2 billion, and total assets are estimated to be at $7.1 billion.
Continue reading Major Movers on June 10; STEL, IHS, FB, RFMD, MCD
McDonald’s May Same-Store Sales Climb 2.6% (MCD)
Changes in menus, more advertising on value-meals, and sales promotion efforts such as expanded late night breakfasts, seems to have worked in favor of the world’s largest burger chain, McDonald’s Corporation (NYSE: MCD).
Continue reading McDonald’s May Same-Store Sales Climb 2.6% (MCD)
Micro-Caps on Watch; Northumberland Resources Inc. (NHUR), Petrosonic Energy Inc. (PSON), NanoViricides Inc. (NNVC)
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 up sharply in trading today. At last check, NHUR shares were trading 7.89% higher at $1.23 on volume of 328,862. The stock hit an intra-day high of $1.29 earlier today. Despite the gains in trading today, NHUR shares have fallen nearly 17.20% in the last three trading sessions. Continue reading Micro-Caps on Watch; Northumberland Resources Inc. (NHUR), Petrosonic Energy Inc. (PSON), NanoViricides Inc. (NNVC)
Major Movers on June 7; COO, YUM, ZQK, THO, MTN, GPS
Shares of the Cooper Companies Inc. (NYSE: COO) gained about 5% by afternoon trade. Higher revenue and stronger margins, helped in driving up the fiscal third quarter income by 37%. Although revenue fell short of estimation, non-GAAP earnings topped expectation. The Company boosted its full-year earnings outlook but slashed the upper end of the full-year revenue guidance.
Continue reading Major Movers on June 7; COO, YUM, ZQK, THO, MTN, GPS