Tag: BAC

Major Movers on April 17; ALKS, CSX, BAC, MAT, AAPL, CAT

Alkermes Plc (NASDAQ: ALKS) rallied after the company said its mid-stage clinical trial of the drug ALKS 5451, meant to cure depressive disorders, showed it was capable of “significantly reducing” symptoms of depression. The Company said that it carried studies on 142 patients. Based on the outcome of clinical trials, the Company now intends to hold a meeting with the U.S Food and Drug Administration (FDA) and commence later stage studies.

Continue reading Major Movers on April 17; ALKS, CSX, BAC, MAT, AAPL, CAT

Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO

Shares of Bank of America Corp. (NYSE: BAC) gained on Friday after the bank said that the Federal Reserve agreed on its proposed capital actions. The bank said that it would now repurchase about $5 billion worth of its common stock and buyback around $5.5 billion worth preferred stock.

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Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB

Bank of America Corp. (NYSE: BAC) shares plunged 3.75% by midday trade as the company’s revenue dropped nearly 25% in the fourth quarter. For the fiscal fourth quarter, BAC reported earnings of $732 million or 3 cents a share on revenue of $18.7 billion. Analysts polled by Thomson Reuters were expecting earnings of 2 cents a share on revenue of $20.6 billion.

Continue reading Major Movers on January 17; BAC, C, EBAY, CLSN, COLM, BLK, FITB

Nationstar Mortgage Holdings to Acquire Mortgage Servicing Assets from Bank of America; Shares Surge (NSM, BAC)

Shares of Nationstar Mortgage Holdings Inc. (NYSE: NSM), a non-bank residential mortgage servicer with a range of services across the residential mortgage product spectrum, are soaring in trading today after the company’s wholly-owned subsidiary signed a definitive agreement with Bank of America Corp. (NYSE: BAC) to acquire mortgage servicing assets.

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Major Movers on January 2; POL, ABT, ASNA, SGYP, FB, AAPL, BAC, MIDD, MCP, ZIP, CAR, EBS, AEO

PolyOne Corporation (NYSE: POL) climbed 8 percent on Wednesday after Jefferies Group initiated coverage on the stock with a “buy” rating.  On December 20, the company announced the acquisition of Glasforms Inc., which specializes in glass and carbon fiber reinforced polymers and advanced products.

Continue reading Major Movers on January 2; POL, ABT, ASNA, SGYP, FB, AAPL, BAC, MIDD, MCP, ZIP, CAR, EBS, AEO

Major Movers on December 28; CPHD, AMD, HCA, GRPN, ARNA, FB, BAC, RIMM

Shares of Cepheid (NASDAQ: CPHD), a molecular diagnostics company engaged in the development, manufacturing and marketing of integrated systems for testing in the Clinical market, are soaring in early trading today.

Continue reading Major Movers on December 28; CPHD, AMD, HCA, GRPN, ARNA, FB, BAC, RIMM

Berkshire Hathaway Annual Shareholder Meeting to Take Place this Weekend (BRK.A)

Berkshire Hathaway (NYSE: BRK.A) shareholders are getting ready for their annual meeting, which will be held in Omaha, Nebraska this weekend. As BRK.A shareholders prepare for their annual pilgrimage, there is likely to be one major question on their mind; the health of Warren Buffett, the Chairman and CEO of Berkshire Hathaway.

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