Shares of Orexigen Therapeutics Inc. (NASDAQ: OREX), a biopharmaceuticals company engaged in the development of pharmaceutical product candidates for the treatment of obesity, have risen sharply in early trading today.
Continue reading Hot Stock; Orexigen Therapeutics Inc. (OREX)
David Einhorn’s Greenlight Capital recently disclosed in a 13G filing that it had 1.68 million share position in Oaktree Capital Group LLC (NYSE: OAK), a global investment management firm focused in alternative markets. Greenlight Capital, which is a long-short value-oriented hedge fund, now has a 5.5% stake in OAK.
Continue reading David Einhorn’s Greenlight Capital Builds a Large Position in Oaktree Capital (OAK)
StarTek Inc. (NYSE: SRT) shares are surging today after the Denver, Colorado-based provider of business process outsourcing services today reported its first-quarter financial results.
American Liberty Petroleum Corp. (OTC: OREO), a Bakersfield, California-based company focused on reducing America’s need for imported oil by discovering major new onshore U.S. energy resources, this week, announced the signing of an engagement letter with Netherland, Sewell & Associates Inc. (NSAI) to perform consulting petroleum engineering work.
Continue reading Micro-Cap in Focus; American Liberty Petroleum Corp. (OREO)
Billionaire investor Warren Buffett said in an interview this week that Berkshire Hathaway Inc. (NYSE: BRK.A) is adding to its shareholdings of two companies amid the market dip. Buffett also forecast record results for Berkshire’s largest non-insurance businesses.
Continue reading Warren Buffett is Buying Amid Market Dip (BRK.A, WMT, AVP)
Kohl’s Corporation (NYSE: KSS), operator of family-oriented department stores, today reported a sharp decline in its first-quarter profit as its gross margin were hurt by price cuts designed to lure shoppers.
Sefe Incorporated (OTC: SEFE), a technology-and solutions-driven sustainability company focusing on the development of inventions that provide a real-world impact and true profitability, on Wednesday, announced the filing of international protection for its intellectual property covering Strain Reduction on a Balloon System in Extreme Weather Conditions, Atmospheric Energy Collection, and Collection of Atmospheric Ions.
Continue reading Micro-Cap in News; Sefe Incorporated (SEFE)
Fannie Mae (OTC: FNMA) shares jumped on Wednesday after the mortgage giant released its first-quarter financial results. FNMA, which was bailed out by the U.S. government during the 2008 financial crisis, posted its first profit since the bailout.
Rarus Technologies Inc. (PINK: RARS) shares surged on Wednesday after the company announced the signing of a major agreement. RARS rose to an intra-day high of $0.59 before finishing the day 99.96% higher at $0.570 on above average volume of 54.63 million.
Jeffrey T. Housenbold, CEO of Shutterfly Inc. (NASDAQ: SFLY), this week, bought 20,000 shares of SFLY common stock of $26.37 per share for a total investment of $527,400.