Alcoa Inc. (NYSE: AA) director Ratan Tata, on Thursday, bought 2,470 shares of AA common stock for $8.05 per share, according to a SEC filing. Tata made an investment of $19,879. This is the fourth time in the last one year that Tata has bought AA shares.
Month: July 2013
Tsinghua to Acquire Spreadtrum (SPRD)
Shares of Spreadtrum Communications Inc. (ADR) (NASDAQ: SPRD) rallied on Friday after the smartphone chip maker said that it has agreed to be acquired by China’s Tsinghua Holdings Co in deal valued at $1.78 billion.
Micro-Caps in Focus; Deltathree Inc. (DDDC), Oriens Travel and Hotel Management Corp. (OTHM), Primco Management Inc. (PMCM)
Shares of Deltathree Inc. (OTC: DDDC), a provider of video and voice over Internet protocol telephony services (VoIP), are seeing a huge rally in trading today. At last check, DDDC shares were trading 233.33% higher at $0.0600 on above average volume of 1.44 million. The stock hit an intra-day high of $0.07 earlier today.
Homebuilders’ Shares Rally after Bernanke’s Dovish Remarks (DHI, KBH, TOL, SPF, LEN, PHM)
Shares of most homebuilders rallied on Thursday, thanks to the Federal Reserve Chairman Ben Bernanke’s extremely dovish remarks.
Major Movers on July 11; PSMT, DHI, APOL, AMD, RMTI
Shares of PriceSmart Inc. (NASDAQ: PSMT) fell about 3.30% by afternoon trade. The warehouse club operator late on Wednesday said that fiscal third quarter net income rose 18%, aided by higher sales; nevertheless, adjusted earnings fell short of analysts’ estimation. Amid macroeconomic uncertainty, more and more U.S. consumers have been buying goods of daily needs at discounted prices at PriceSmart, which is reflected by consistent double digit quarterly revenue growth in last three years.
Continue reading Major Movers on July 11; PSMT, DHI, APOL, AMD, RMTI
Costco Same-Store Sales Rose More Than Expected in June (COST)
Costco Wholesale Corporation’s (NASDAQ: COST) same-store sales rose more-than-expected in June. The discount retailer said that sales for the five week period ended July 7 rose 6% (after including the impact of rise in fuel prices and foreign exchange fluctuations). The Wall Street’s analysts had a consensus forecast for 5.4% growth in same-store-sales, according to a data compiled by Thomson Reuters.
Continue reading Costco Same-Store Sales Rose More Than Expected in June (COST)
Micro-Caps on the Move; Premier Brands Inc. (BRND), LiveWire Ergogenics Inc. (LVVV), Nano Tech Entertainment Inc. (NTEK)
Shares of Premier Brands Inc. (OTC: BRND), a consumer goods incubator focusing on the creation, acquisition, and marketing of consumer packaged goods, are seeing a huge rally in trading today. At last check, BRND shares were trading 100% higher at $0.0078 on above average volume of 61.59 million. The stock hit an intra-day high of $0.01 earlier today. BRND shares have gained more than 426.60% in the last three trading sessions.
HLC Extends University of Phoenix’s Accreditation (APOL)
For profit education provider, Apollo Group Inc. (NASDAQ: APOL) said in its SEC filing on Wednesday that the Higher Learning Commission (HLC) has reaffirmed accreditation of the University of Phoenix until 2022-2023; however, the university has been placed under “Notice” status for two years.
Continue reading HLC Extends University of Phoenix’s Accreditation (APOL)
Major Movers on July 10; NBR, PCYC, NUS, HELE, FDO
Shares of Nabors Industries Ltd. (NYSE: NBR) plunged about 5.50% by afternoon trade.Late on Tuesday, the drilling contractor said that fiscal second quarter operating earnings will miss analysts’ expectation, citing weak performance in its rig, completion and production services businesses.
Continue reading Major Movers on July 10; NBR, PCYC, NUS, HELE, FDO
Family Dollar’s Q3 Earnings Beat Estimate (FDO)
Discount retailer, Family Dollar Stores Inc. (NYSE: FDO) said on Wednesday that its fiscal third-quarter net income slipped 3% as lower gross margin offset higher same-store-sales. However, adjusted earnings edged past expectation while revenue was in-line with Street’s estimate.
Continue reading Family Dollar’s Q3 Earnings Beat Estimate (FDO)