Pre-Open Stock Movers 3/27: (BAX) (WGO) (CPST) Higher; (ADXS) (WBAI) (C) Lower (more...)

March 27, 2014 9:27 AM EDT Send to a Friend
Get Alerts ADXS Hot Sheet
Trade ADXS Now!
Join SI Premium – FREE
Advaxis, Inc. (Nasdaq: ADXS) 26.8% LOWER; announced the pricing of an underwritten public offering of 4,080,000 shares of common stock at a public offering price of $3.00 per share. The Company expects to receive $12,240,000 in gross proceeds, before deducting underwriting discounts and commissions and offering expenses payable by the Company. The Company has granted the underwriters a 45-day option to purchase up to 612,000 additional shares of common stock. The Company intends to use the net proceeds from this offering to fund the Company's continued research and development initiatives in connection with expanding its product line and for other general corporate purposes.

Baxter International, Inc. (NYSE: BAX) 8.8% HIGHER; announced plans to create two separate, independent global healthcare companies -- one focused on developing and marketing innovative biopharmaceuticals and the other on life-saving medical products. Both will be global leaders in their respective markets.


500.com (NYSE: WBAI) 7.9% LOWER; filed a registration with the U.S. SEC to sell, from time to time, up to $360 million of its American Depositary Shares representing Class A Ordinary Shares The company will not receive proceeds from any secondary sales. Also, files to offer up to $120 million in Convertible Senior Notes

Winnebago Industries, Inc. (NYSE: WGO) 7.1% HIGHER; reported Q2 EPS of $0.35, $0.05 better than the analyst estimate of $0.30. Revenue for the quarter came in at $228.8 million versus the consensus estimate of $199.57 million.

Citigroup, Inc. (NYSE: C) 5.7% LOWER; Fed rejected the company's capital plan.

Capstone Turbine Corp (NASDAQ: CPST) 5% HIGHER; Wal-mart debuted its new futuristic truck, which includes parts from Capstone, among other companies.

Camtek Ltd. (NASDAQ: CAMT) 4.7% HIGHER; announced today the receipt of multiple orders for its inspection and metrology systems from a leading global manufacturer specializing in advanced mixed signal solutions for the semiconductor industry. The orders, totaling $4 million, include multiple backend Automatic Optical Inspection (AOI) systems. The systems are expected to be installed during the first and second quarters of 2014.

Albany Molecular Research Inc. (NASDAQ: AMRI) 4.2% HIGHER; will replace Supertex Inc. (NASDAQ: SUPX) in the S&P SmallCap 600.

Exelixis, Inc. (NASDAQ: EXEL) 3.7% HIGHER; recovers slightly after yesterday.

Signet Jewelers Limited (NYSE: SIG) 3.7% HIGHER; reported Q4 EPS of $2.18, $0.03 better than the analyst estimate of $2.15. Revenue for the quarter came in at $1.56 billion versus the consensus estimate of $1.55 billion.

PennyMac Financial Services (NYSE: PFSI) 3.4% LOWER; announced today that the underwritten secondary public offering of 5,554,545 shares of its Class A common stock by selling stockholder Fidelity Investments Charitable Gift Fund has been priced at $16.50 per share.

Paychex, Inc. (NASDAQ: PAYX) 2.7% HIGHER; reported Q3 EPS of $0.44, $0.02 better than the analyst estimate of $0.42. Revenue for the quarter came in at $636 million versus the consensus estimate of $628.85 million.

Realty Income Corporation (NYSE: O) 2.4% LOWER; commenced an underwritten public offering of 10,500,000 shares of common stock. The company also plans to grant the underwriters a 30-day option to purchase up to 1,575,000 additional shares of common stock. The underwriters for the offering are: BofA Merrill Lynch, Morgan Stanley, Wells Fargo Securities, RBC Capital Markets, J.P. Morgan, Jefferies LLC, and UBS Investment Bank (joint book-running managers), Baird, Citigroup, Credit Suisse, and Raymond James (co-lead managers), BB&T Capital Markets, Piper Jaffray and Stifel (senior co-managers), and BNY Mellon Capital Markets, LLC, Janney Montgomery Scott LLC, Ladenburg Thalmann & Co. Inc., Mitsubishi UFJ Securities, Moelis & Company LLC and Oppenheimer & Co. (co-managers).

Essex Property Trust Inc. (NYSE: ESS) 2.4% HIGHER; will replace Cliffs Natural Resources Inc. (NYSE: CLF) in the S&P 500

King Digital Entertainment Plc (NYSE: KING) 2.4% HIGHER; bounces modestly after yesterday's IPO flop.

FEI Co. (NASDAQ: FEIC) 2% HIGHER; will replace BRE Properties Inc. (NYSE: BRE) in the S&P MidCap 400

Fabrinet (NYSE: FN) 2% HIGHER; will replace FEI in the S&P SmallCap 600

Plug Power Inc. (NASDAQ: PLUG) 1.5% HIGHER; bounces after Wednesday's slide

Capital One Financial Corporation (NYSE: COF) 1.4% HIGHER; announced that the Federal Reserve has completed its 2014 Comprehensive Capital Analysis and Review ("CCAR") and did not object to Capital One's proposed capital plan submitted on January 6, 2014. The company expects to maintain its quarterly dividend of $0.30 per share, subject to approval by its Board of Directors. In addition, the company's Board of Directors has authorized the repurchase of up to $2.5 billion of shares of the company's common stock through the end of the first quarter of 2015.

Northern Trust Corporation (Nasdaq: NTRS) 1.3% HIGHER; received no objections from the Federal Reserve to the proposed capital actions contained in its 2014 Capital Plan. Northern Trust’s Capital Plan, which was approved by its Board of Directors prior to submission to the Federal Reserve, requested authority to increase its quarterly common stock dividend to $0.33 per share from $0.31 per share, effective in the second quarter of 2014. At its regular April meeting, Northern Trust’s Board of Directors will consider formal approval of the planned dividend increase, which is expected to be payable July 1, 2014. In addition, Northern Trust’s Capital Plan provides for the repurchase of up to $425 million of its common stock through the open market or in privately negotiated transactions between April 2014 and March 2015.

Wells Fargo & Co. (NYSE: WFC) 1.3% HIGHER; announced that the Federal Reserve Board (FRB) has not objected to the Company’s 2014 Capital Plan under the recently concluded Comprehensive Capital Analysis and Review (CCAR) of the nation’s largest banks. The Company said that its 2014 Capital Plan includes a proposed dividend rate of $0.35 per share for the second quarter of 2014, subject to consideration and approval by its Board of Directors at its regularly scheduled meeting in April. The proposed dividend rate represents a 16.7 percent increase over the current rate of $0.30 per share. The plan also includes a proposed increase in common stock repurchase activity for 2014 compared with 2013. The Wells Fargo Board of Directors has approved an increase of 350 million additional shares in the Company’s authority to repurchase its common stock.

The PNC Financial Services Group, Inc. (NYSE: PNC) 1.3% HIGHER; announced today that the Board of Governors of the Federal Reserve System accepted its capital plan and did not object to its proposed capital actions, which included a recommendation to increase the quarterly common stock dividend in the second quarter of 2014.The capital plan also included share repurchase programs of up to $1.5 billion for the four quarter period beginning in the second quarter of 2014 under PNC's existing common stock repurchase authorization. These programs include repurchases of up to $200 million related to employee benefit plans.

lululemon athletica, inc. (Nasdaq: LULU) 1.2% HIGHER; reported Q4 EPS of $0.75, $0.03 better than the analyst estimate of $0.72. Revenue for the quarter came in at $521 million versus the consensus estimate of $516.8 million.

SunTrust Banks, Inc. (NYSE: STI) 0.9% HIGHER; Passes latest Fed stress test... The capital actions, subject to the approval of SunTrust's Board of Directors, include: An increase in the quarterly common stock dividend from $0.10 per share to $0.20 per share, beginning in the second quarter of 2014; The repurchase of up to $450 million of the Company's outstanding common stock to be completed between the second quarter of 2014 and the first quarter of 2015.

Bank of America (NYSE: BAC) 0.9% HIGHER; Passes latest Fed stress test... announced that it intends to increase its quarterly common stock dividend to $0.05 per share, beginning in the second quarter of 2014. Also, the Board of Directors authorized a new $4.0 billion common stock repurchase program. This authorization, which covers both common stock and warrants, replaces the prior years common stock repurchase program that expires on March 31, 2014.

Cliffs Natural Resources Inc. (NYSE: CLF) 0.8% LOWER; being removed from S&P 500. Added to S&P MidCap 400

JPMorgan Chase & Co. (NYSE: JPM) 0.7% HIGHER; announced that, following the Federal Reserve Boards release of the 2014 Comprehensive Capital Analysis and Review (CCAR) results, its Board of Directors intends to increase the quarterly common stock dividend to $0.40 per share, effective the second quarter of 2014. The Board has also authorized a common equity repurchase program to repurchase $6.5 billion of common equity between April 1, 2014, and March 31, 2015. This authorization includes shares repurchased to offset issuances under the Firms equity-based compensation plans.


Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Special Reports

Related Entities

Credit Suisse, Piper Jaffray, UBS, JPMorgan, Citi, Raymond James, Morgan Stanley, Jefferies & Co, Merrill Lynch, Robert W Baird, Bank of America, RBC Capital, Janney Montgomery Scott, Standard & Poor's, BB&T Capital Markets, Ladenburg Thalmann Financial Services, Dividend, Fidelity Investments, Stock Buyback, Wells Fargo, Pre-Open Losers, Pre-Open Winners, IPO

Add Your Comment