Shares of Paychex Inc, (NASDAQ: PAYX) slumped about 5.70% by mid-day trade. The Rochester, NY based Company, which handles employee benefits and provides human resources related services, late last evening reported nearly flat earnings growth for the fiscal fourth quarter as higher revenue was offset by jump in income tax expenses.
Continue reading Major Movers on June 27; PAYX, PRGS, CAG, SSW, NIHD, KBH
Shares of Conceptus Inc. (NASDAQ: CPTS) rallied about 19.40% by afternoon trade after Bayer AG said that it has agreed to acquire Conceptus in deal estimated at euro 852 million ( $1.1 billion ) as the health-care company looks to gain traction in women contraceptive market. Bayer said that in next 10 days period, it will issue a tender with a proposal to buy all of Conceptus’s stock, valuing each share at $31 in cash, which represents a 20% premium over Friday’s closing stock price. The deal is likely to close by the second quarter of this year.
Continue reading Major Movers on April 29; CPTS, NIHD, VRX, ACT, SINA, MDSO, GALT
Shares Questcor Corp. (NASDAQ: QCOR) tumbled on Monday after analysts at Favus Institutional Research cut their rating on the stock to “sell” from “buy”, citing concerns over the company’s fiscal first quarter results. In its note to clients, Favus said that should the company fails in meeting or misses Q1 results then it would be not easy to gauge whether the slowdown is due to “external reimbursement pushback or QCOR’s internal reorganization of reimbursement process.” The research firm said that sales could feel the pressure as bulk orders for the Achtar Gel (repository corticotropin injection), which is its primary product, were filled in late fiscal fourth quarter.
Continue reading Major Movers on April 8; QCOR, NIHD, BCRX, GOL, LUFK, EPL
Orix Corporation (ADR) (NYSE: IX) rallied on Wednesday. The Tokyo based financial services provider and Funabashi Eco Services Corporation announced in February that will merge to form a new entity referred to as Orix Eco Services Corporation. The merge is aimed at creating synergies and improving customer services.
Continue reading Major Movers on April 6; IX, JCP, WLL-A, FFIV, HBI, NIHD
Shares of NII Holdings (NASDAQ: NIHD) leaped about 21.40% on Wednesday after the reports emerged that the wireless communications services provider was in talks to sell its mobile phone business in Peru.
Continue reading NII Holdings in Talks to Sell its Peruvian Business: Bloomberg Report (NIHD)
Shares of NII Holdings Inc. (NASDAQ: NIHD), a holding company for the operations of Nextel Communications Inc. in selected international markets, are seeing a huge rally in trading today. At last check, NIHD shares were trading 7.54% higher at $8 on volume of 6.01 million. The stock hit an intra-day high of $8.58.
Continue reading Major Gainers and Losers on October 4; NIHD, INFA, MFRM, HMSY, ACI, ISCA
The following stocks saw significant activity in trading on Thursday, September 20, 2012.
Continue reading Major Gainers and Losers on September 20; JCP, CAG, NIHD, KMX
Shares of Ann Inc. (NYSE: ANN), a specialty retailer of women’s apparel, shoes and accessories, surged on Friday after the company reported its second-quarter financial results.