Investors turn to gold

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Investors seeking safe haven assets lifted shares of gold miners Harmony Gold Mining Co. Ltd. (NYSE: HMY) 28 cents to close at $3.62, Gold Fields Ltd. (NYSE: GFI) 40 cents to close at $4.64 and Sibanye Gold Ltd. (NYSE: SBGL) $1.18 to close at $13.11.


Bank of America Corp. (NYSE: BAC) dropped $1.04 to close at $13.00, Citigroup Corp. (NYSE: C) plummeted $4.16 to close at $40.30, Morgan Stanley (NYSE: MS) plunged $2.77 to close at $24.52 and Wells Fargo & Co. (NYSE: WFC) tumbled $2.20 to close at $45.71 along with European banking stocks.

 


European banking stocks plunge

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European banks Banco Bilbao Vizcaya Argentaria (NYSE: BBVA) tumbled $1.25 to close at $5.38, Banco Santander (NYSE: SAN) dropped 97 cents to close at $3.83, Credit Suisse Group (NYSE: CS) plunged $2.21 to close at $11.51, and Deutsche Bank (NYSE: DB) plummeted $3.12 to close at $14.72 in reaction to the Brexit vote.



British bank stocks pummeled

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Shares of Lloyds Banking Group (NYSE: LYG) plunged $1.00 to $3.34,  Barclays (NYSE: BCS) plummeted $2.16 to $9.02 and The Royal Bank of Scotland Group (NYSE: RBS) sank $1.68 to $5.81 after Britons voted to leave the European Union.


Skullcandy to be acquired

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Skullcandy Inc. (Nasdaq: SKUL) will be acquired by Incipio in an all cash deal valued at approximately $177 million. The stock price leaped $1.04 to $5.72.



Finish Line tops estimates

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Finish Line Inc. (Nasdaq: FINL) reported better than expected first quarter revenue and earnings of 23 cents per diluted share compared with 30 cents per diluted share in the year ago period. The stock price leaped $3.73 to $20.52.

 


Micron Technology upgraded

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Nomura upgraded Micron Technology Inc. (Nasdaq: MU) from a Reduce rating to a Buy rating and lifted price target from $8 to $18. The stock price climbed $1.33 to close at $14.05.

 


Khang & Khang filed a class action lawsuit against Tangoe Inc. (Nasdaq: TNGO). The stock price tumbled $1.14 to close at $8.06.


Bloomberg reported that Twitter Inc. (NYSE: TWTR) would soon announce deals to stream live events sending the stock price up 91 cents to close at $17.04.

 


Galena Biopharma is overbought

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Zacks Equity Research wrote that Galena Biopharma Inc. (Nasdaq: GALE) was overbought sending the stock price down 13 cents to $2.14.


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