September 2011 Archives
Corn inventories dropped less than expected to weigh down shares of fertilizer firm CF Industries Holdings Inc. (NYSE: CF) $17.55 to close at $123.39.
Eastman Kodak Co. (NYSE: EK) retained the services of bankruptcy law firm Jones Day sending the stock price down 91 cents to close at $0.78.
Shares of digital media advertising firm Focus Media Holding Ltd. (Nasdaq: FMCN) continued falling by tumbling $3.53 to close at $16.83 over concerns that the growth of China's economy will slow.
Ingersoll Rand (NYSE: IR) blamed weak demand for lowering its earnings outlook for the third quarter and the full year. The stock price plummeted $5.07 to $26.89.
The cost of Morgan Stanley's (NYSE: MS) credit default swaps climbed weighing the stock price down 92 cents to $14.17.
The Department of Justice is investigating the accounting practices of Chinese companies listed on U.S. stock exchanges such as Focus Media Holding Ltd. (Nasdaq: FMCN) and ReneSola (NYSE: SOL). Shares of Focus Media plummeted $4.52 to close at $20.36 while ReneSola stock lost 19 cents to close at $1.75.
The 2011 Cogent Research Retirement Planscape survey of defined contribution investment managers ranked ING Group (NYSE: ING) #1 in terms of loyalty, favorable impression and nine brand attributes. The stock price gained 73 cents to close at $7.78.
Eastman Kodak (NYSE: EK) shareholder Investment Partners Asset Management urged the company to sell itself lifting the stock price 14 cents to close at $1.69.
Advanced Micro Devices Inc. (NYSE: AMD) blamed manufacturing problems at a German factory for lowering its third quarter revenue and earnings guidance. Shares of the semiconductor lost 83 cents to $5.32.
National Mutual Insurance will pay a premium of approximately $1.63 billion to acquire Harleysville Group Inc. (Nasdaq: HGIC). The stock price nearly doubled by leaping $26.97 to $58.49.
Sony's announcement that it would no longer pay for disposable 3-D glasses in movie theaters weighed down shares of RealD Inc. (NYSE: RLD) $1.80 to close at $10.42, which provides 3-D technology and glasses to movie theaters.
Fitch Ratings downgraded Eastman Kodak Co.'s (NYSE: EK) debt ratings sending the stock price down 27 cents to close at $1.55.
Glu Mobile Inc. (Nasdaq: GLUU) will present at the Craig-Hallum 2nd Annual Alpha Select Conference on Thursday, October 6, 2011 but the stock price lost 42 cents to close at $2.41.
Jabil Circuit Inc. (NYSE: JBL) impressed with fourth quarter earnings that nearly doubled to 52 cents per share from 27 cents per share a year earlier to beat analyst expectations and forecast first quarter results ahead of estimates. The stock price climbed $1.68 to $19.06.
The Street listed Alpha Natural Resources Inc. (NYSE: ANR) as the second worst performing S&P 500 stock of the year sending the stock price down $1.74 to $19.52.
The government of Papua New Guinea said that InterOil Corp.'s (NYSE: IOC) publicized liquefied natural gas project is not in accordance with approved plans. The stock price plummeted $9.27 to close at $45.82.
Flotek Industries Inc. (NYSE: FTK) reported sequentially higher revenue for August sending the stock price soaring $1.24 to close at $5.87.
Accuride Corp. (NYSE: ACW) sold subsidiary Fabco Automotive and warned of losses for the year. The stock price plummeted $2.13 to $6.00.
Bargain hunters lifted shares of Ivanhoe Mines Ltd. (NYSE: IVN) $3.47 to $18.02. The stock price fell yesterday after Mongolia said that it planned to renegotiate the development agreement for the Oyu Tolgoi project.
Stillwater Mining Co. (NYSE: SWC) withdrew its senior notes offering citing unfavorable market conditions sending the stock price up $1.25 to $9.74.
The Mongolian government will renegotiate a development agreement with Ivanhoe Mines Ltd. (NYSE: IVN) for the Oyu Tolgoi copper-gold project. The stock price tumbled $1.46 to close at $14.55.
Shares of Barclays (NYSE: BCS) rose 92 cents to close at $10.00 and Deutsche Bank (NYSE: DB) soared $3.81 to close at $35.15 over expectations that European leaders will expand financial assistance to stabilize troubled economies.
A DealReporter article said that bids for Interdigital Inc.'s (Nasdaq: IDCC) portfolio of patents were below expectations sending the stock price plummeting $8.27 to close at $49.54.
Berkshire Hathaway Inc. will repurchase Class A (NYSE: BRK-A) and Class B (NYSE: BRK-B) stock. Shares of Class A stock leaped $6,486.00 to $106,806.00 while Class B stock jumped $4.79 to $71.16.
The Food and Drug Administration issued an approval letter to Mela Sciences Inc. (Nasdaq: MELA) for its MelaFind melanoma detection device sending the stock price soaring $1.98 to $5.16.
Susquehanna International Group analyst Ming Zhao upgraded Youku.com (NYSE: YOKU) to a Positive rating sending the stock price soaring $3.10 to close at $17.41.
Aruba Networks Inc. (Nasdaq: ARUN) director Douglas M. Leone purchased $7.1 million worth of company stock lifting the stock price $2.40 to close at $22.03.
The Superior Court of Pennsylvania said that ownership of oil and gas resources beneath the surface of land is not clear in current laws sending shares of Range Resources Corp. (NYSE: RRC), which has leased 1.2 million acres of land in Pennsylvania, plummeting $7.57 to close at $58.53.
Direct Energy will pay $270 million in cash to acquire PNM Resources Inc.'s (NYSE: PNM) First Choice Power unit in Texas sending the stock price soaring $2.41 to $16.12.
The Finish Line Inc. (Nasdaq: FINL) reported higher second quarter earnings of 39 cents per share compared with 31 cents per share in the year ago period that topped analyst estimates as revenue rose. The stock price climbed $1.98 to $20.41.
American Superconductor Corp (Nasdaq: AMSC) reported a wider than expected loss for the first quarter of 74 cents per diluted share compared with income of 20 cents per diluted share a year earlier but the company announced that it signed $100 million in new contracts since April 1, 2011. The stock price gained 56 cents to $5.03.
Sharply lower gold and silver prices weighed down shares of Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) $3.45 to close at $32.14.
SIGA Technologies Inc. (NYSE: SIGA) must pay PharmAthene half of its profit from the smallpox treatment ST-246 sending shares of the bio-defense firm plummeting $2.03 to close at $2.69.
Clearwire Corp. (Nasdaq: CLWR) engaged in discussions with wireless services providers such as AT&T (NYSE: ATT) to sell capacity on its wireless network to the service providers. Shares of Clearwire rose 18 cents to close at $2.50 while AT&T stock eased a penny to close at $26.72.
Apple Inc. (Nasdaq: AAPL) is opening stores in China at a much slower pace than the company forecast sending the stock price plummeting $12.23 to $399.91.
Logitech International (Nasdaq: LOGI) slashed its 2012 earnings outlook for the third time weighing the stock price down $1.11 to $7.63.
United Technologies Corp. (NYSE: UTX) will pay approximately $16.4 billion in cash to acquire Gooodrich Corp. (NYSE: GR). Shares of United Technologies plummeted $6.20 to $68.67 while Goodrich stock leaped $11.09 to $120.58.
Production cuts by Alpha Natural Resources Inc. (NYSE: ANR) and Walter Energy Inc. (NYSE: WLT) weighed down shares of Cliffs Natural Resources Inc. (NYSE: CLF) $9.05 to close at $61.55 and Patriot Coal (NYSE: PCX) $1.30 to close at $10.11. Alpha Natural stock plunged $4.62 to close at $22.30 while shares of Walter Energy sank $8.75 to close at $66.25.
The Delaware Supreme Court affirmed an appeal by Liberty Media Corp. (Nasdaq: LINTA) to split its business into two separate entities lifting the stock price up $1.26 to close at $16.77.
The Delaware Supreme Court affirmed an appeal by Liberty Media Corp. (Nasdaq: LINTA) to split its business into two separate entities lifting the stock price up $1.26 to close at $16.77.
The Delaware Supreme Court affirmed an appeal by Liberty Media Corp. (Nasdaq: LINTA) to split its business into two separate entities lifting the stock price up $1.26 to close at $16.77.
Hewlett-Packard Co.'s (NYSE: HPQ) board of directors will discuss the possibility of replacing chief executive Leo Apotheker with board member and former eBay chief executive Meg Whitman. The stock price soared $2.34 to $24.81.
Orexigen Therapeutics Inc. (Nasdaq: OREX) will begin a two year clinical trial to study the safety of its obesity treatment Contrave next year sending the stock price soaring 71 cents to $2.18.
Orexigen Therapeutics Inc. (Nasdaq: OREX) will begin a two year clinical trial to study the safety of its obesity treatment Contrave next year sending the stock price soaring 71 cents to $2.18.
Orexigen Therapeutics Inc. (Nasdaq: OREX) will begin a two year clinical trial to study the safety of its obesity treatment Contrave next year sending the stock price soaring 71 cents to $2.18.
Newmont Mining Corp. (NYSE: NEM) chief executive Richard O'Brien said yesterday that gold prices will continue to climb over the next five to seven years. The stock price leaped $3.63 to close at $69.90.
A Seeking Alpha contributor listed The Interpublic Group of Companies Inc. (NYSE: IPG) as one of seven S&P 500 companies under $10 with significant upside potential lifting the stock price 62 cents to close at $8.13.
Sina Corp. (Nasdaq: SINA) announced new self-censorship measures to prevent false rumors from quickly spreading through the company's microblogging site Weibo. The stock price plummeted $16.59 to close at $92.76.
JPMorgan Chase cited falling rare earth prices for downgrading Molycorp Inc. (NYSE: MCP) to a Neutral rating sending the stock price plummeting $10.03 to $42.98.
Morgan Stanley cited MGM Resorts International's (NYSE: MGM) falling stock price for upgrading the casino operator to an Overweight rating. The stock price rose 55 cents to $11.43.
Investors continued to unload shares of Netflix Inc. (Nasdaq: NFLX) in protest of their rate increases. The stock price plummeted $12.71 to $131.04.
Concerns that Greece may default on its debt weighed down Morgan Stanley (NYSE: MS) $1.30 to close at $15.15, Citigroup Inc. (NYSE: C) $1.28 to close at $27.71 and Bank of America (NYSE: BAC) 24 cents to close at $6.99.
Momenta Pharmaceuticals Inc. (Nasdaq: MNTA) stock plummeted $5.45 to close at $12.30 after the Food and Drug Administration approved a rival generic version of the blood thinner Lovenox.
Shares of Goodrich Corp. (NYSE: GR) continued rising by soaring $14.71 to close at $107.60 on speculation that United Technologies Corp. (NYSE: UTX) may be interested in acquiring the aerospace firm. United Technologies stock edged up 5 cents to close at $75.55.
Motley Fool warned that Manitowoc Co. Inc. (NYSE: MTW) reported that approximately 50% of total assets were comprised of goodwill and other intangibles. The stock price slipped 68 cents to close at $9.32.
Research In Motion Ltd. (Nasdaq: RIMM) disappointed with sharply lower second quarter earnings of 63 cents per share compared with $1.46 per share a year earlier that fell short of expectations on weak smartphone and tablet sales. The stock price plunged $5.96 to $23.58.
Piper Jaffray analyst Mike Olson lowered his full year revenue and earnings outlook for Netflix Inc. (Nasdaq: NFLX) and cut his price target for the second day in a row down to $300 per share sending the stock price plummeting $13.00 to $156.25.
Shares of Textron Inc. (NYSE: TXT) climbed $1.51 to $18.96 and Rockwell Collins Inc. (NYSE: COL) soared $3.83 to $55.97 over speculation that United Technologies Corp. (NYSE: UTX) may be securing financing to acquire one of the companies. United Technologies stock eased 2 cents to $75.59.
Silvercorp Metals Inc. (NYSE: SVM) has repurchased nearly 4 million shares of common stock. The stock price rose 54 cents to close at $7.02.
Perfect World Co. Ltd. (Nasdaq: PWRD) cut its revenue outlook for the third quarter as the company reduces in-game promotional activities sending the stock price plummeting $3.35 to close at $13.92.
Netflix Inc. (Nasdaq: NFLX) cited price increases for lowering its third quarter subscriber outlook sending the stock price plummeting $39.08 to $169.63.
Transcept Pharmaceuticals Inc. (Nasdaq: TSPT) will resubmit its New Drug Application for the insomnia treatment Intermezzo after the Food and Drug Administration agreed to dosage changes for women and new safety instructions. Shares of the pharmaceutical nearly doubled by leaping $3.28 to $6.62.
China's Ministry of Industry and Information Technology approved Sequans Communications' (NYSE: SQNS) LTE semiconductor technology clearing the way for large scale trials of the technology in China. The stock price leaped $3.01 to $7.44.
Hertz Global Holdings Inc. (NYSE: HTZ) became the sole suitor for Dollar Thrifty Automotive Group Inc. (NYSE: DTG) after Avis Budget Group Inc. (Nasdaq: CAR) abandoned its bid for Dollar Thrifty. Shares of Hertz climbed $1.08 to $11.10 while Dollar Thrifty stock slipped 70 cents to $64.00. Avis stock rose 50 cents to $12.24.
Delta Air Lines (NYSE: DAL) said that it will not be purchasing any more planes for the next few years. The stock price rose 39 cents to $8.38.
Silvercorp Metals Inc. (NYSE: SVM) produced Tax Certificates issued by the Chinese government to refute allegations of fraud by an anonymous source lifting the stock price $1.01 to $7.31.
Shares of Silvercorp Metals Inc. (NYSE: SVM) continued falling by dropping $1.07 to $6.77 after the British Columbia Securities Commission announced on Friday an investigation into Silvercorp for alleged fraud.
US Airways Group Inc. (NYSE: LCC) announced that September unit revenue was expected to increase by 13% lifting the stock price 78 cents to $5.63.
Eastman Kodak Co.'s (NYSE: EK) NEXPRESS SX3300 Digital Production Color Press received the highest rating for photographic print quality in a study conducted by SpencerLab Digital Color Laboratory lifting the stock price 18 cents to close at $3.05.
Coldwater Creek Inc. (Nasdaq: CWTR) chief executive Dennis Pence purchased approximately 686 million shares of company stock last week lifting the stock price 15 cents to close at $1.35.
Colfax Corp. (NYSE: CFX) will acquire Charter International in a cash and stock deal valued at approximately $2.4 billion. Shares of Colfax tumbled $1.98 to close at $21.06.
Broadcom Corp. (Nasdaq: BRCM) will acquire NetLogic Microsystems Inc. (Nasdaq: NETL) for approximately $3.7 billion. Shares of Broadcom lost 81 cents to $32.63 while NetLogic Microsystems stock leaped $16.09 to $48.00.
European oil field services firm Technip will pay approximately $937 million in cash to acquire Global Industries Ltd. (Nasdaq: GLBL) sending the stock price soaring $2.64 to $7.79.
