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Stock of the Day

Sears Holdings Corporation (SHLD) Down on Loan Funding Source

September 17th, 2014

Shares of Hoffman Estates, Illinois-based Sears Holdings Corporation (SHLD) fell on Tuesday, on a strong day overall on Wall Street. Sears stock closed down 9.40%, losing $3.15 per share, to close at $30.37 on volume of 3,654,016 shares. The company disclosed that it is borrowing $400 million from Chief Executive Edward Lampert’s hedge fund, in
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Allergan (AGN), Valeant and Pershing Capital Agree On Meeting

September 16th, 2014

Shares of Allergan Inc. (AGN) were up +1.44 or +0.85 percent to $170.00 per share in premarket trading this morning, after the company announced late yesterday that an agreement had been struck between Valeant Pharmaceuticals (VRX) and Bill Ackman’s Pershing Square Capital to proceed with a special shareholder’s meeting. Allergan stock closed down -0.69 or
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Netflix (NFLX) Expands to Six European Markets

September 15th, 2014

Shares of Netflix Inc. (NFLX) were trading up +1.16 or +0.24 percent to $477.71 per share in this morning’s premarket, after news that Netflix will be expanding into six new European markets beginning today. The expansion will begin in France where Netflix executives have spent months negotiating with the French government. Netflix stock closed down
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Hertz (HTZ) Agrees to Give Icahn 3 Board Seats

September 12th, 2014

Shares of Hertz Global Holdings Inc. (HTZ) were up +1.25 or +4.50 percent to $29.00 per share in premarket trading on Friday, after news that the company has agreed to give activist investor Carl Icahn three seats on its board of directors in exchange for avoiding a potential battle for control of the board. Hertz
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JDS Uniphase (JDSU) to Split into Two Companies

September 11th, 2014

Shares of JDS Uniphase Corporation (JDSU) were up +1.71 or +14.17 percent to $13.82 in Thursday’s premarket, after the company announced late yesterday that they would be splitting the company into two publicly traded companies to promote growth. JDS Uniphase stock closed up +0.395 or +3.37 percent to $12.10 per share in Wednesday’s regular trading
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Chimerix (CMRX) Up on New Virus Fighting Drug

September 10th, 2014

Shares of Durham, North Carolina, based Chimerix Inc. (CMRX) rose sharply against the backdrop of a strong sell-off across the broader market. Chimerix stock was up 11.79%, rising $3.01 per share, to close at $28.54. The close is very near the stock’s 52 week high of $29.97. The stock is up on the news that
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Annie’s (BNNY) to be Acquired by General Mills

September 9th, 2014

Shares of Annie’s Inc. (BNNY) were up +12.34 or +36.82 percent to $45.85 per share in premarket trading on Tuesday after news that food mega corporation General Mills (GIS) would be taking over the company for $820 million. Annie’s Inc. stock closed at $33.51, down -0.38 or -1.12 percent in Monday’s regular trading session. Berkeley,
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Rackspace (RAX) Stock Up on Possible Takeover

September 8th, 2014

Shares of Rackspace Hosting Inc. (RAX) were up +2.76 or +7.41 percent to $40.00 per share in Monday’s premarket trading after news of a possible takeover of the company by telecommunications company CenturyLink (CTL). Rackspace Hosting stock closed at $37.24 per share, up +0.03 or +0.08 percent in Friday’s regular trading session. San Antonio, Texas
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Tesla Motors (TSLA) to Build Gigafactory in Nevada

September 5th, 2014

Shares of Tesla Motors Inc. (TSLA) were trading down -2.04 or -0.71 percent to $284.00 per share in premarket trading this morning, after news late yesterday that the company had confirmed the state of Nevada to build its new Tesla Gigafactory. Tesla stock closed at $286.04 per share, up +4.85 or +1.72 percent in Thursday’s
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Johnson & Johnson (JNJ) to Accelerate Development of Ebola Vaccine

September 4th, 2014

Shares of Johnson & Johnson (JNJ) were up +0.03 or +0.03 percent to $103.79 per share in premarket trading early Thursday, after news that the company will fast track the development of a new combination vaccine regimen against the Ebola virus. Johnson & Johnson stock closed at $103.76 in Wednesday’s regular trading session. New Brunswick,
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Conn’s (CONN) Plummets on Lower Income Forecast, Declining Credit Portfolio Quality

September 3rd, 2014

Shares of The Woodlands, Texas, based Conn’s, Inc. (CONN), fell sharply on Tuesday against a mixed market in stocks overall. Conn’s stock was down $13.83 per share, falling 30.85%, to close at $31.00, on volume of 13,842,541 shares. The company reported that second quarter adjusted per share earnings have come in well below Wall Street
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Five Stocks to Watch in September

September 2nd, 2014

The U.S. stock market ended August with a bang as the S&P 500 index made its fourth record high in five days Friday and ended August +3.8 percent higher, its best monthly gain since February. The S&P ended the month at 2,003.37, up +6.63 or +0.33 percent on Friday, just shy of its all time
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Splunk (SPLK) Shares Up on Better than Expected Earnings

August 29th, 2014

Shares of Splunk Inc. (SPLK) were trading up +3.70 or +8.19 percent to $49.00 per share in premarket trading on Friday, after the company announced better than expected earnings yesterday after the market close. Spunk stock closed at $45.29 per share, down -0.61 or -1.33 percent in Thursday’s regular trading session. San Francisco, California based
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Tekmira Pharmaceuticals (TKMR) Stock Up on Rumored Takeover

August 28th, 2014

Shares of Tekmira Pharmaceuticals Corp. (TKMR) were up +1.97 or +9.97 percent to $21.72 per share in Thursday’s premarket. The company was featured in an article in the UK’s Daily Mail as a potential takeover target following last week’s news of Intermune’s (ITMN) takeover by Swiss pharmaceutical giant Roche. Tekmira stock closed at $19.75 per
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DSW (DSW) Up on Better Than Expected Revenues and Earnings

August 27th, 2014

Shares of Columbus, Ohio, based DSW Inc. (DSW) rose on Tuesday, on a slightly higher day on Wall Street. DSW stock was up $2.62 per share, rising 9.24%, to close at $30.99 on volume of 8,503,841 shares. The company reported higher than expected sales and net income for its fiscal second quarter, as well as
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Digital Ally (DGLY) Stock Up Big on Ferguson Unrest

August 26th, 2014

Shares of Digital Ally Inc. (DGLY) were up +$1.25 or +10.0 percent to $13.75 per share in premarket trading this morning, after having traded as high as $14.50 or up +80 percent yesterday. The increase in the stock is in large part due to civil unrest in Ferguson, Missouri that boosted demand for their products.
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InterMune (ITMN) to be Acquired by Roche for $8.3 Billion

August 25th, 2014

Shares of InterMune Inc. (ITMN) were up +19.00 or +35.32 percent to $72.80 per share in Monday’s premarket, after news broke on Sunday that Swiss pharmaceutical giant, Roche had entered into a definitive agreement to purchase InterMune for $74.00 per share. InterMune stock closed at $53.80 per share, up +0.59 or +1.11 percent in Friday’s
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GameStop (GME) Stock Soars on Second Quarter Results

August 22nd, 2014

Shares of GameStop Corporation (GME) were up +2.76 or +6.82 percent to $43.25 per share in Friday’s premarket, after the company released second quarter earnings which beat analyst expectations after the close on Thursday. GameStop stock closed at $40.49, down -0.84 or -2.03 percent in Thursday’s regular trading session. Grapevine, Texas based GameStop Corporation is
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Dollar Tree (DLTR) Reports 2Q Earnings, Family Dollar Rejects Dollar General Bid

August 21st, 2014

Shares of Dollar Tree Inc. (DLTR) were trading down -0.90 or -1.64 percent to $54.10 per share in premarket trading this morning, after having been up as much as five percent before the company released its second quarter earnings. The company reported lower than expected earnings and revenue, but sales increased in the quarter. Dollar
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Salix Pharmaceuticals (SLXP) Soars on Acquisition Offer

August 20th, 2014

Shares of Raleigh, North Carolina, based Salix Pharmaceuticals Ltd. (SLXP) rose sharply on Tuesday, after a report that Allergan Inc. (AGN) approached it as an acquisition target. Salix stock was up 15.54%, rising $21.63 per share to close at $160.80, on volume of 6,764,888 shares. The stock closed at its highest level since 2000 on
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