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.
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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.
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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.
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Micro-Caps on Watch; OncoSec Medical Inc. (ONCS), Soul and Vice Interactive Inc. (SOUL), Generex Biotechnology Corporation (GNBT)
Shares of OncoSec Medical Inc. (OTC: ONCS), a company engaged in the design, development and commercialization of novel cancer therapeutic products in the U.S., are up sharply in trading today. At last check, ONCS shares were trading 8.22% higher at $0.262 on above average volume of 2.93 million. The stock hit an intra-day high of $0.28 earlier today. ONCS shares have gained more than 9.50% in the last three trading sessions.
Citigroup Initiates Coverage on 11 Internet Stocks
Citigroup equity research analyst Mark May initiated coverage on 11 Internet stocks on Tuesday.
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Micro-Caps on the Move; Sigma Labs Inc. (SGLB), Raystream Inc. (RAYS), GateHouse Media Inc. (GHSE)
Shares of Sigma Labs Inc. (OTC: SGLB), a company engaged in the development and commercialization of manufacturing and materials technologies, and R&D solutions, are soaring in trading today. At last check, SGLB shares were trading 13.02% higher at $0.0790 on above average volume of 17.84 million. The stock hit a 52-week high of $0.08 earlier today. SGLB shares have gained nearly 50% in the last three trading sessions.
The Kroger Co Acquires Harris Teeter (KR, HTSI)
The Kroger Co. (NYSE: KR) announced on Tuesday that it has agreed to purchase the supermarket operator, Harris Teeter Supermarkets Inc. (NYSE: HTSI) in cash deal estimated at $2.5 billion or $49.38 a share.
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Major Movers on July 9; SIRI, ISRG, WDFC, BKS, KR, HTSI
Shares of the satellite radio company, Sirius XM Radio Inc. (NASDAQ: SIRI) gained 2.90 by mid-day trade on Tuesday. The Company said that it added 715,000 new subscribers in the fiscal second quarter, raising its total base in excess of 25 million.
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Buffett’s Berkshire Hathaway Raises Stake in DaVita (BRK.A, DVA)
Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK.A) bought another 639,200 shares of dialysis provider, DaVita HealthCare Partners Inc. (NYSE: DVA), last week. Buffett’s Company raised its stake after DaVita’s stocks fell sharply amid concerns over change in federal healthcare policy which can substantially reduce Medicare payments.
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