Shares of Linn Energy LLC (NASDAQ: LINE) rallied about 12% by mid-day trade. Bank of America Merrill Lynch upgraded the oil and gas firm’s rating to “buy” from “neutral”, citing company’s attractive valuation and said that cash flows are sustainable.
Continue reading Major Movers on July 8; LINE, TRQ, SNTS, UNH, FB
Social networking giant, Facebook Inc. (NASDAQ: FB) is all set to roll out its much talked about, search feature—the graph search, from Monday. Facebook, which launched its beta version about 6 months ago, said that the new feature will be available to all users in the U.S.
Continue reading Facebook Rolls Out “Graph Search” in the U.S. (FB)
Shares of Arch Therapeutics Inc. (OTC: ARTH), operating as a life science company, are soaring in trading today. At last check, ARTH shares were trading 34.07% higher at $1.21 on above average volume of 4.60 million. The stock hit an all-time high of $1.28 earlier today. ARTH shares have gained more than 55.40% in the last three trading sessions. Continue reading Micro-Caps on Watch; Arch Therapeutics Inc. (ARTH), Xumanii (XUII), Terra Tech Corp. (TRTC)
Shares of Celldex Therapeutics Inc. (NASDAQ: CLDX), a biopharmaceutical company engaged in the development and commercialization of several immunotherapy technologies for the treatment of cancer and other difficult-to-treat diseases, surged in trading on Friday.
Continue reading Major Movers on July 5; CLDX, ARR, FBP, MDC
Shares of NanoTech Entertainment Inc. (OTC: NTEK), a technology company focusing on entertainment industry worldwide, surged in trading on Friday. NTEK shares ended the day 53.75% higher at $0.123 on above average volume of 27.93 million. The stock has gained 66.22% in the last three trading sessions.
Sterne Agee upgraded the pawnbroker, EZCORP Inc. (NASDAQ: EZPW) to “buy” from “neutral” on Wednesday.
Continue reading Sterne Agee Upgrades EZCORP, Shares Rally (EZPW)
As a part of its broader strategy to sell assets worth $7 billion this year to strengthen its balance sheet, Chesapeake Energy Corp. (NYSE: CHK) announced on Wednesday that it will sell part of its assets (Eagle Ford and Haynesville Shales) to Exco Resources Inc. (NYSE: XCO) for $1 billion. The move will bring much needed cash at a time when Chesapeake just like any other gas and energy company is reeling under pressure due to low prices amid supply glut. The deal is expected to close by end of this month.
Continue reading Exco Resources to Buy Chesapeake Assets Worth $1 Billion (CHK, XCO)
Shares of Linn Energy LLC (NASDAQ: LINE) slumped about 7.70% in early trade. The oil and energy company late last evening said that the Securities and Exchange Commission (SEC) was conducting an “informal” inquiry both its acquisition deal with Berry Petroleum, which it agreed to acquire in February and accounting.
Continue reading Major Movers on July 3; LINE, AA, AN, RHI, FTNT
Shares in Generex Biotechnology Corporation (OTC: GNBT), a development stage company engaged in the research, development, and commercialization of drug delivery systems and technologies for metabolic and immunological disease, are soaring in trading today. At last check, GNBT shares were trading 22.51% higher at $0.0430 on volume of 4.04 million. The stock hit an intra-day high of $0.05 earlier today. GNBT shares have gained 35.38% in the last three trading sessions.
Toy maker, Hasbro Inc. (NASDAQ: HAS) and video game console maker, Electronic Arts Inc. (NASDAQ: EA) announced on Tuesday that the both companies have entered in a 4-year agreement, under which, Electronic Arts will create former’s best-selling games for mobile platform.
Continue reading Electronic Arts, Hasbro Enters in a 4-Year Deal (HAS, EA)