Preliminary Russell 3000 Additions and Deletions
- Wall St stocks end higher with major corporate earnings in view
- SAP Q1 results fall short of Wall Street estimates as transformation kicks off
- Cadence (CDNS) tumbles despite Q1 beat on top and bottom lines
- Tesla expands price cuts to China, Germany after reducing FSD cost; shares down
- Gold prices slide as M.East fears ease, rate jitters persist
- Fisker (FSR) Appoints Michael Healy as Chief Restructuring Officer
- Kroger (KR), Albertsons and C&S Wholesale Grocers Announce an Updated and Expanded Divestiture Plan
- Costar Group (CSGP) to Acquire Matterport (MTTR) for $5.50/sh Cash and Stock
- Apple (AAPL) PT Lowered to $210 at Morgan Stanley, 'We'd buy post-earnings weakness'
- Jaguar Health (JAGX) Files $75M Mixed Shelf
- After-hours movers: Cadence Design Systems, Cleveland-Cliffs, Riot Platforms, and more
- Midday movers: Tesla, Li Auto and CNH Industrial fall; Salesforce rises
- Midday movers: Netflix, Super Micro fall; Paramount Global gains
- After-hours movers: Netflix, Intuitive Surgical, Nordstrom, KB Home
- Midday movers: Tesla, Blackstone, Las Vegas Sands fall; DR Horton rises
C&J Energy Services (CJES) Announces CEO Transition
June 15, 2016 11:53 AM EDTC&J Energy Services Ltd. (NYSE: CJES) announced that the Board of Directors of the Company has appointed Don Gawick, C&J's current Chief Operating Officer, to the position of President and Chief Executive Officer. Mr. Gawick will also continue performing his existing duties as the Company's Chief Operating Officer. Mr. Gawick is a 37-year veteran of the oilfield services industry and has held numerous senior management positions over the course of his career since starting with Schlumberger in 1979. He previously served as President and Chief Executive Office of Casedhole Solutions, Inc., a... More
Aegerion Pharma (AEGR), QLT, Inc. (QLTI) will resume trading at 7:30am ET
June 15, 2016 7:11 AM EDTAegerion Pharma (NASDAQ: AEGR) and QLT, Inc. (NASDAQ: QLTI) will resume trading at 7:30am EDT.
... MoreTitan Pharma (TTNP) Will Present Four Post-Hoc Analyses from Probuphine Phase 3 in Opioid Dependence
June 15, 2016 7:06 AM EDTTitan Pharmaceuticals, Inc. (Nasdaq: TTNP) announced the planned presentation of data from four post hoc sensitivity analyses of the final Phase 3 trial of Probuphine, a six-month subdermal buprenorphine implant for the long-term maintenance treatment of opioid dependence, at a poster session on June 15 during The College on Problems of Drug Dependence 78th Annual Meeting in Palm Springs. The sensitivity analyses, commonly conducted following the primary analysis to test the robustness of the data, consistently support previous findings... More
QLT Inc. (QLTI), Aegerion Pharma (AEGR) Enter Strategic Merger Agreement
June 15, 2016 7:02 AM EDTAegerion Pharmaceuticals, Inc. (Nasdaq: AEGR) and QLT Inc. (Nasdaq: QLTI) announced that they have entered into a definitive merger agreement under which Aegerion will be merged with a wholly owned indirect subsidiary of QLT. Upon completion of the proposed merger, each outstanding share of Aegerion common stock will be exchanged for 1.0256 shares of QLT common stock. QLT plans to change its name upon the closing of the proposed transaction to Novelion Therapeutics Inc. (Novelion) and its common shares will trade on the NASDAQ Global Select Market and the Toronto Stock... More
KLR Group Remains Bullish on Transocean (RIG) Following Investor Meetings
June 15, 2016 6:54 AM EDTKLR Group maintained a Buy rating and $19.00 price target on Transocean (NYSE: RIG) following investor meetings. RIG shares remain volatile, but KLR believes that the market does not appreciate the transformation story underway. Recent results reflect, RIG is disposing of old rigs, legacy overhead, and inefficient processes to emerge a better company.
Analyst Darren Gacicia commented, "Investors remain... More
Rex Energy (REXX) to Sell Illinois Basin Assets in ~$50M Deal
June 14, 2016 4:09 PM EDTRex Energy (Nasdaq: REXX) announced that it entered into a purchase and sale agreement with Campbell Development Group, LLC (Campbell) pursuant to which Campbell will acquire the companys Illinois Basin assets. Rex Energy is selling its entire interest in the basin and expects to receive proceeds at closing of approximately $40 million (prior to customary closing and post-closing... More
S&P Upgrades Stone Energy (SGY) to 'CCC-'; Outlook Negative
June 14, 2016 3:17 PM EDTS&P Global Ratings said it raised its corporate credit rating on oil and gas exploration and production company Stone Energy Corp. (NYSE: SGY) to 'CCC-' from 'D'. The outlook is negative.
We also raised the issue-level rating on the company's senior unsecured debt to 'CCC-' from 'D'. The recovery rating is '3', indicating our expectation of meaningful... More
MeetMe (MEET) Sees Upside on Buy Recommendation
June 14, 2016 2:14 PM EDTMeetMe (NASDAQ: MEET) gains on word it's a new buy recommendation at Navellier. Shares up 5.5%.
It's also a preliminary addition to the Russell 3000.
... MoreCastle Brands (ROX) Reports Breakeven Q4 EPS
June 14, 2016 7:32 AM EDTCastle Brands (NYSE: ROX) reported Q4 EPS of $0.00, versus $0.00 reported last year. Revenue for the quarter came in at $19.96 million, versus $16.16 million reported last year.
For earnings history and earnings-related data on Castle Brands (ROX) click here.
... MoreaTyr Pharma (LIFE) Files $150M Mixed Shelf
June 13, 2016 5:02 PM EDTaTyr Pharma (Nasdaq: LIFE) filed a registration with the U.S. SEC to sell up to $150 million of mixed securities.
... MoreDigital Turbine (APPS) Posts Q4 Loss of 9c/Share
June 13, 2016 4:18 PM EDTDigital Turbine (NASDAQ: APPS) reported Q4 EPS of ($0.09), which may not compare with the analyst estimate of ($0.08). Revenue for the quarter came in at $23 million versus the consensus estimate of $23 million.
on-GAAP adjusted EBITDA loss for the fourth quarter of fiscal 2016 was... More
Energous (WATT) Adds to Momentum; Preliminary Addition to Russell
June 13, 2016 1:41 PM EDTEnergous (NASDAQ: WATT) is adding to recent gains. After the close Friday, Russell disclosed that WATT is a preliminary addition to the Russell 3000.
Shares are up 6.7% to $14.56.
... More