May 2009 Archives
Jamba Inc. (Nasdaq: JMBA) widened first quarter losses to 19 cents per share from 12 cents per share in the year ago period as revenue fell. The stock price dropped 20 cents to close at $1.00.
Genworth Financial Inc. (NYSE: GNW) filed a preliminary prospectus with the Canadian securities adminstrators for an initial public offering lifting the stock price 74 cents to close at $5.92.
The joint venture MED3000 Practice Resources was created by Tenet Healthcare Corp. (NYSE: THC) and MED3000 to provide technology to physicians and practice managers. Shares of Tenet climbed 42 cents to close at $3.63.
First quarter earnings for The Wet Seal Inc. (Nasdaq: WTSLA) plunged to 5 cents per share from 44 cents per share in the year ago period as revenue fell and the women's apparel retailer warned that second quarter results will miss estimates. The stock price dropped 60 cents to $3.08.
Shares of Catalyst Pharmaceutical Partners Inc. (Nasdaq: CPRX) plummeted $1.20 to 90 cents after its drug candidate to treat cocaine addiction failed to meet trial goals.
Shares of Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) continued rising by climbing another 40 cents to close at $2.12 after the FDA approved its TAXUS Liberte Atom Stent system yesterday.
Deutsche Bank analyst Rod Lache upgraded CarMax Inc. (NYSE: KMX) citing the company's attractive stock price. Shares of the used car retailer climbed $1.13 to $11.21.
Angiotech Pharmaceuticals Inc. (Nasdaq: ANPI) and Boston Scientific (NYSE: BSX) received approval from the Food and Drug Administration for their next generation TAXUS Liberte Atom stent system. Shares of Angiotech surged 58 cents to close at $1.72 while Boston Scientific stock eased 3 cents to close at $8.98.
The Food and Drug Administration approved Oculus Innovative Sciences Inc.'s (Nasdaq: OCLS) skin and wound gel Microcyn as a prescription treatment as well as an over the counter treatment. The stock price jumped $2.90 to close at $4.10.
National Semiconductor Corp. (NYSE: NSM) and Suntech Power Holdings Co. Ltd. (NYSE: STP) will jointly develop and promote photovoltaic technology solutions. National Semiconductor stock rose 30 cents to $13.62 while shares of Suntech climbed $1.80 to $15.73.
Samsung and SanDisk Corp. (Nasdaq: SNDK) renewed their cross license agreement for seven years. Shares of SanDisk surged $2.29 to $15.87.
General Motors Corp. (NYSE: GM) edged closer to bankruptcy after a Tuesday midnight deadline for bondholders to swap debt for stock passed without enough participation to satisfy federal restructuring guidelines. Shares of the troubled automaker tumbled 21 cents to $1.23.
Intel Corp. (Nasdaq: INTC) announced that a more powerful multiprocessor chip will be produced in the second half of the year lifting the stock price 43 cents to close at $15.48.
Morgan Stanley analyst Kathryn Huberty upgraded Apple Inc. (Nasdaq: AAPL) citing the success of the iPhone and expects margins to rise. The stock price leaped $8.28 to close at $130.78.
Lazard Capital Markets upgraded Yingli Green Energy Holding Co. Ltd. (NYSE: YGE) sending the stock price soaring $1.79 to close at $11.14.
Altair Nanotechnologies Inc. (Nasdaq: ALTI) raised $14 million as its shares fell 11 cents to 94 cents. The company develops and markets paint resins and sensors.
As a deadline looms for General Motors Corp. (NYSE: GM) to announce restructuring plans, Fiat actively negotiated with the German government to buy GM's Opel automotive unit. Shares of the automaker dropped 18 cents to $1.25.
Shares of MAP Pharmaceuticals Inc. (Nasdaq: MAPP) soared $5.78 to $8.93 after its migraine drug treatment met late-stage study goals.
Cougar Biotechnology Inc. (Nasdaq: CGRB) will be acquired by Johnson & Johnson (NYSE: JNJ) for approxmately $1 billion in cash. Shares of Cougar Biotechnology leaped $5.84 to close at $42.82 while Johnson & Johnson stock eased 22 cents to close at $54.77.
NetApp Inc. (Nasdaq: NTAP) will acquire Data Domain (Nasdaq: DDUP) in a cash and stock deal valued at approximately $1.5 billion. Shares of NetApp rose 59 cents to $17.93 while Data Domain stock leaped $6.21 to $24.12.
Shares of Alabama-based Regions Financial Corp. (NYSE: RF) continued to slide by falling 78 cents to $4.11 after selling new stock at only $4 a share. Shares of Fifth Third Bancorp (Nasdaq: FITB) also lost ground by dropping 82 cents to $6.89.
Ann Taylor (NYSE: ANN) swung to a first quarter loss of 4 cents per share from income of 43 cents per share a year earlier due to lower revenue. Shares of the women's apparel retailer tumbled 98 cents to close at $7.97.
Hertz Global Holdings Inc. (NYSE: HTZ) will offer common stock and convertible notes in order to raise as much as $812 million. Shares of the car rental company plunged $1.38 to close at $6.76.
Shares of chip designer Analog Devices Inc. (NYSE: ADI) soared $3.22 to close at $23.80 after the company reported lower revenues and earnings that fell to 18 cents per share from 45 cents per share in the year ago period that beat targets. Analysts promptly upgraded the stock.
Luxury retailer Saks Inc. (NYSE: SKS) reported lower revenues and a first quarter loss of 4 cents per share compared with income of 12 cents per share last year, but the results surpassed expectations. Cost-cutting was expected to add $60 million to the bottom line this year. The stock price leaped $1.13 to $5.21.
Goldman Sachs upgraded Tenet Healthcare Corp. (NYSE: THC) citing improved margins and a better urban market. The stock price surged 60 cents to $2.85.
Shares of OceanFreight Inc. (Nasdaq: OCNF) rose 19 cents to close at $1.68 ahead of its earnings release after market close tomorrow.
BMO Capital Markets analyst Peter Winter upgraded U.S. Bancorp (NYSE: USB) to Outperform lifting the stock price $1.68 to close at $19.35.
Goldman Sachs analyst Richard Ramsden upgraded Bank of America Corp. (NYSE: BAC) to a Buy rating sending shares of the bank up $1.06 to close at $11.73.
Takeda America, a subsidiary of a Japanese drug company, offered to buy IDM Pharma Inc. (Nasdaq: IDMI) for about $70 million. The stock price leaped 91 cents to $2.61.
Soaring costs sent fourth quarter earnings tumbling for GT Solar International Inc. (Nasdaq: SOLR) to 8 cents per share from 20 cents per share a year earlier to miss estimates by a wide margin. The stock price plummeted $1.81 to close at $5.41.
MGM Mirage (NYSE: MGM) announced plans to raise up to $1.5 billion through a two-part note offering. Shares of the casino operator plunged $3.70 to close at $8.70.
The Medicines Company (Nasdaq: MDCO) stopped late stage trials for its anti-clotting drug candidate sending the stock price plummeting $4.11 to $7.03.
Stec Inc. (Nasdaq: STEC) reported higher first quarter earnings of 6 cents per share compared with 4 cents per share in the year ago period that surpassed estimates prompting an upgrade. Shares of the memory solutions company leaped $3.24 to $13.63.
China-based Ctrip.com International Ltd. (Nasdaq: CTRP) which offers travel services online posted higher revenues and profits. Analysts promptly upgraded the stock lifting the stock price $5.35 to $38.16.
Shares of Vanda Pharmaceuticals Inc. (Nasdaq: VNDA) continued rising by soaring $1.75 to close at $10.20 after the FDA approved the biopharmaceutical's schizophrenia treatment Fanapt last week.
Conseco Inc. (NYSE: CNO) posted a profit of 13 cents per share compared with a loss of 4 cents per share in the year ago period after the insurer reported improved performance across its entire line of business. The stock price surged 56 cents to close at $3.25.
Shares of Cell Therapeutics Inc. (Nasdaq: CTIC) continued climbing by rising 33 cents to $1.48 after the biopharmaceutical reported sharply narrower first quarter losses last week.
U.S. banks announced plans to raise money in order to pay off federal bailout funds. Shares of U.S. Bancorp (NYSE: USB) dropped $1.25 to $19.29 and Capital One Financial (NYSE: COF) tumbled $3.53 to $27.81.
Huntington Bancshares Inc. (Nasdaq: HBAN) issued 38.5 million shares of common stock to raise approximately $120 million. The stock price leaped $1.72 to $5.61.
Shares of Fifth Third Bancorp (Nasdaq: FITB) surged $3.09 to $8.44 after analysts upgraded the regional bank.
Hot Topic Inc. (Nasdaq: HOTT) disappointed with April same store sales that rose 3.1%, far short of the expected 7%. Shares of the teen retailer tumbled $2.47 to $9.90.
Harmonic Inc. (Nasdaq: HLIT) disappointed first quarter losses of 20 cents per share compared with earnings of 14 cents per share a year earlier and forecast second quarter revenue below expectations sending the stock price tumbling $1.68 to close at $6.05.
Legg Mason Inc. (NYSE: LM) widened fourth quarter losses to $2.29 per share from $1.81 per share in the year ago period and cut its quarterly dividend prompting a downgrade. The stock price plunged $3.90 to close at $18.63.
A Bloomberg News article said that AIG (NYSE: AIG) is expected to report a first quarter profit and will most likely not need additional capital from the government. Shares of the troubled insurance giant rose 22 cents to $1.68.
Hologic Inc. (Nasdaq: HOLX) announced a delay to request FDA approval which in turn delayed the launch of its mammography system. Shares of the diagnostics company plunged $3.60 to $12.00.
Shares of Massey Energy Co. (NYSE: MEE) surged $3.76 to $21.83 and Foundation Coal Holdings Inc. (NYSE: FCL) climbed $2.46 to $20.43 after Goldman Sachs upgraded the coal sector.
Shares of Boise Inc. (NYSE: BZ) surged 60 cents to $1.88 ahead of its earnings release tomorrow.
Evergreen Solar Inc. (Nasdaq: ESLR) blamed a significant charge for widening first quarter losses to 40 cents per share from break even last year. Shares of the solar products company fell 32 cents to close at $2.11.
Private label soft drink maker Cott Corp. (NYSE: COT) swung to a profit of 28 cents per share compared with a loss of 30 cents per share a year earlier due to cost cutting measures. The stock price leaped $1.39 to close at $3.41.
