Ambarella's forecast falls short

Ambarella Inc. (Nasdaq: AMBA) reported higher second quarter revenue and earnings of 73 cents per share compared with 32 cents per share in the year ago period but the company forecast disappointing current quarter revenue. The stock price plummeted $10.92 to $78.69.
Bloomberg reported that Baxalta Inc. (NYSE: BXLT) ended discussions to acquire Ariad Pharmaceuticals Inc. (Nasdaq: ARIA). Shares of Baxalta added 4 cents to $34.65 while Ariad Pharmaceuticals stock dropped $1.78 to $7.32.

WPCS International Inc. (Nasdaq: WPCS) received $3.0 million in new contracts in July and August sending the stock price up 28 cents to $1.52.

Peabody falls

Shares of Peabody Energy Corp. (NYSE: BTU) fell 50 cents to close at $2.20 after Barron' reported that demand for coal would drop.
Variety reported that Apple Inc. (Nasdaq: AAPL) was exploring the possibility of producing original programming for streaming but the stock price tumbled $5.04 to close at $107.72.

Netflix Inc. (Nasdaq: NFLX) did not renew its content deal with Epix sending the stock price plummeting $9.24 to close at $105.79.

Arch Coal's Appalachia shipments drop

Second quarter shipments of coal from Arch Coal's (NYSE: ACI) Appalachia segment fell and the price dropped. The stock price plunged $2.63 to $6.68.
Steven Cohen's Point72 Asset Management acquired a 5.1% stake in SunEdison Inc. (NYSE: SUNE). The stock price rose 50 cents to $10.90.

Positive study results for Trevena

Trevena Inc. (Nasdaq: TRVN) announced positive Phase 2b study results of its moderate to severe acute postoperative pain treatment TRV130 sending the stock price soaring $3.21 to $9.21.

Citron Research wrote that Wayfair Inc. (NYSE: W) deceived shareholders about its profitability. The stock price plunged $4.92 to close at $37.30.


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