Shares of Palo Alto Networks Inc. (NYSE: PANW) plunged about 9.50% by midday trade. The network security solutions provider said on Thursday that it swung into fiscal third quarter loss. Higher operating expenses and income tax provision dented the bottom line even as revenue fell short of analysts’ expectation. Continue reading Major Movers on May 31; PANW, GES, KKD, LGF, OVTI
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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.
Continue reading Major Movers on March 15; BAC, GRPN, MCP, KKD, ARO
Major Movers in Trading on August 23; HEI, IRF, HAIN, GES, KKD, HPQ
Shares of HEICO Corp. (NYSE: HEI), manufacturer of Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, surged in trading today after the company reported its third-quarter financial results.
Continue reading Major Movers in Trading on August 23; HEI, IRF, HAIN, GES, KKD, HPQ