Shares of Oracle Corporation (NASDAQ: ORCL) were hammered in premarket trading. The enterprise software handed lower-than-expected fiscal third quarter earnings and revenue, late last evening.
Continue reading Major Movers on March 21; ORCL, GES, LULU, YHOO, KBH
Shares of Zynga Inc. (NASDAQ: ZNGA) slumped about 4% on Wednesday after Justin Post, an analyst at Bank of America Merrill Lynch slashed rating on the social game maker’s stock to “neutral” from “buy”, citing “less valuation upside”.
Continue reading Zynga Downgraded by BofA Merrill Lynch to “Neutral” from “Buy” (ZNGA)
Shares of home builder, Lennar Corporation (NYSE: LEN) gained on Wednesday after the company reported fiscal first-quarter results which comfortably beat Street’s estimates as revenue soared thanks to increase in home deliveries and higher home prices in the backdrop of significantly improving housing market. Orders and backlog, two most important gauges on homebuilding sector as they indicate future business, also posted a double digit growth.
Continue reading Lennar Beats Q1 Estimates, Orders and Backlogs See Staggering Growth (LEN)
Shares of Francesca’s Holdings Corp. (NASDAQ: FRAN) rallied on Wednesday after the boutique chain, late last evening, reported better-than-expected fiscal fourth results and provided guidance on the current quarter and full-year which matched Street’s estimates.
Continue reading Major Movers on March 20; FRAN, FDX, GIS, WSM, ADBE
Shares of Freddie Mac (OTC: FMCC), a government-sponsored enterprise conducting business in the U.S. residential mortgage market and the worldwide securities market, have risen sharply in trading today. At last check, FMCC shares were trading 21.43% higher at $0.850 on above average volume of 12.84 million. The stock hit a 52-week high of $0.88 earlier today. FMCC shares have gained more than 108% in the last three trading sessions.
Shares of Fannie Mae (OTC: FNMA), a government-sponsored enterprise providing liquidity and stability in the secondary mortgage market, are soaring in trading today. At last check, FNMA shares were trading 22.14% higher at $0.877 on above average volume of 20.25 million. The stock hit a 52-week high of $0.98 earlier today. FNMA shares have gained more than 122% in the last three trading sessions.
Thanks to customers’ growing inclination towards subscription based mode, Adobe Systems Inc (NASDAQ: ADBE) handed better-than-expected fiscal first quarter results and lifted its outlook on full-year results.
Liberty Media Corp. (NASDAQ: LMCA) announced on Tuesday that it has agreed to acquire 27.3% stake in the cable TV provider, Charter Communications Inc. (NASDAQ: CHTR) in a deal estimated at $2.62 billion or $95.50 a share, which represents a discount of 3% on Charter’s closing stock price as of Monday March 18th.
Continue reading Liberty Media to Buy 27.3% Stake in Charter Communication (LMCA, CHTR)
Shares of Lululemon Athletica Inc. (NASDAQ: LULU) slumped on Tuesday after the maker of yoga and athletic apparels said last evening that it will pull out its signature black luon fabric yoga pants from its stores, showroom and e-sales website after it was found that certain batch had “unacceptable level of sheerness”, the Company said.
Continue reading Major Movers on March 19; LULU, AFFY, EA, SKUL, BKW, WAG
Skullcandy Inc. (NASDAQ: SKUL) announced on Monday that it has appointed Hoby Darling as the new President and CEO as the embattled headphone maker looks to transform itself in the backdrop of changing dynamics in the audio category.
Continue reading Former Nike Executive, Hoby Darling Appointed Skullcandy’s CEO (SKUL)