Shares of ScripsAmerica Inc. (OTC: SCRC), a company engaged in the distribution of pharmaceutical products in the U.S., are soaring in trading today. At last check, SCRC shares were trading 20.58% higher at $0.498 on above average volume of 1.08 million. The stock hit an intra-day high of $0.54 earlier today. Despite the gains in trading today, SCRC shares have fallen more than 44.60% in the last three trading sessions.
Tiffany Shares Gain After Stifel Nicoluas Upgrade (TIF)
Luxury jewelry retailer, Tiffany & Co. (NYSE: TIF) was upgraded by analysts at Stifel Nicoluas to “buy” from “hold” on Monday. The firm has set a price target of $92.00 on the stock, which implies an upside potential of 19.45%.
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AT&T to Acquire Leap Wireless International (T, LEAP)
AT &T Inc. (NYSE: T) announced on Friday that it has agreed to acquire a prepaid wireless communication services provider, Leap Wireless International Inc. (NASDAQ: LEAP), in an approximate deal of $4 billion. The deal also assumes Leap Wireless International’s debt.
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Major Movers on July 12; SPRD, RSH, FIVE, WBMD, QSII, VLO
Shares of Spreadtrum Communications Inc. (ADR) (NASDAQ: SPRD) catapulted about 12.90% by afternoon trade on Friday after the smartphone chip maker announced that it has agreed to be acquired by China’s Tsinghua Holdings Co for $1.78 billion. The offer price of $31 per ADS implies a premium of 17% over SPRD closing stock price on Thursday, which was $26.45. This was a sweetened offer from Tsinghua. Earlier in June, Tsinghua offered $28.50 per ADS.
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Alcoa Director Buys 2,470 Shares (AA)
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.
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.
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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.
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