Celanese tops estimates

Celanese Corp. (NYSE: CE) reported higher first quarter earnings of $1.53 per share compared with $1.25 per share in the year ago period that beat analyst expectations sending the stock price soaring $9.04 to close at $67.18.

CytRx initiated with Outperform

Oppenheimer initiated coverage of CytRx Corp. (Nasdaq: CYTR) with an Outperform rating sending the stock price up 52 cents to close at $5.02.

Supertel Hospitality Inc. (Nasdaq: SPPR) sold two Savannah Suites hotels for a total of $7.8 million and entered an agreement to sell two hotels for $19 million. The stock price leaped $1.16 to close at $3.07.

ServiceNow widens losses

ServiceNow Inc. (NYSE: NOW) widened losses for the first quarter to 38 cents per share compared with 30 cents per share a year earlier and forecast current quarter revenue below analyst estimates. The stock price plummeted $11.80 to $71.04.

AMD widens losses

Advanced Micro Devices Inc. (Nasdaq: AMD) widened first quarter losses more than expected to 23 cents per share from 3 cents per share a year earlier as revenue dropped. The stock price dropped 38 cents to $2.49.

Athersys Inc. (Nasdaq: ATHX) reported disappointing results from a Phase 2 study of its MultiStem cell therapy to treat ischemic stroke patients sending the stock price tumbling 87 cents to $1.31.

Virtu surges in debut

Shares of Virtu Financial Inc. (Nasdaq: VIRT) surged $3.18 to close at $22.18 on its first day of trading.
Party City Holdco Inc.(NYSE: PRTY) stock soared $3.70 to close at $20.70 in its market debut.

Etsy jumps in market debut

Shares of Etsy Inc. (Nasdaq: ETSY) jumped $14.00 to close at $30.00 on its first trading day.

Pernix commences private offering

Pernix Therapeutics Holdings Inc. (Nasdaq: PTX) commenced a private offering of $120 million in convertible senior notes. The stock price tumbled $1.63 to close at $8.34.


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