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Stock of the Day

TravelCenters of America (TA) Drops on Lower Earnings

October 1st, 2014

Shares of Westlake, Ohio-based TravelCenters of America LLC (TA) fell on Tuesday, on a marginally down day on Wall Street. TA’s stock was down 14.97%, or $1.74 per share, to close at $9.88. Volume at 1,589,358 shares was about five times normal volume for the stock. TA reported that earnings for the second quarter of
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DreamWorks (DWA) Rumored to be in Talks with Softbank

September 30th, 2014

Shares of DreamWorks Animation (DWA) surged +5.82 or +26.03 percent to $28.18 per share on Monday after an article in the Hollywood Reporter broke the news that Japanese conglomerate, Softbank would make a bid for the animation studio. DreamWorks stock subsequently declined in afterhours trading, dropping -2.08 or -7.38 percent to $26.10 per share as
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Micron Technology (MU) Up 7 Percent on 4Q Earnings

September 29th, 2014

Shares of Micron Technology Inc. (MU) were up +2.13 or +6.72 percent to $33.83 on Friday as the U.S. major market indexes gained almost one percent on the day. Micron shares gained after the company reported better than expected fourth quarter earnings on Friday. In addition, several companies upwardly revised their price target for the
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Nike (NKE) Stock Up on Earnings, Guidance

September 26th, 2014

Shares of Nike Inc. (NKE) were up +4.76 or +5.89 percent to $85.60 per share in yesterday’s after hours trading in the wake of better than expected earnings for the company’s fiscal 2015 first quarter ended on August 31st. Nike stock closed at $79.75, down -1.09 or -1.35 percent in Thursday’s regular trading session. Founded
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Magnum Hunter (MHR) Up on Record Production, Short Interest Decline

September 25th, 2014

Shares of Magnum Hunter Resources Corp. (MHR) were up +0.99 or +18.13 percent to $6.45 per share in Thursday’s premarket, after the company announced record production results for its newest well in the Utica shale of West Virginia. In addition, the company’s stock saw a large drop in short interest in August. Magnum Hunter Resources
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GoPro (GPRO) Up on Google’s Investment in YouTube

September 24th, 2014

Shares of San Mateo, California, based GoPro, Inc. (GPRO) rose Tuesday, defying markets which were down across the board. GoPro’s stock was up 6.75%, rising $4.61 to close at $72.88 per share on volume of 7,725,002 shares. The stock was up on news that Google (GOOG) is investing millions of dollars to upgrade YouTube, which
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Salix Pharmaceuticals (SLXP) to be Acquired by Allergan

September 23rd, 2014

Shares of the Salix Pharmaceuticals Inc. (SLXP) were up +12.47 or +7.80 percent to $172.30 per share in this morning’s premarket. The stock was up as much as 16 percent in afterhours trading yesterday after news that Allergan Inc. (AGN) was in talks with Salix to take over the company. Salix Pharmaceuticals stock closed at
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Sigma-Aldrich (SIAL) to be Taken over by Merck KGaA

September 22nd, 2014

Shares of the Sigma-Aldrich Corp. (SIAL) were trading up +35.98 or +35.15 percent to $138.35 per share in Monday’s premarket. The company announced early this morning that German company Merck KGaA would be acquiring the company in a deal worth approximately $17 billion. Sigma-Aldrich stock closed at $102.37 per share, St. Louis, Missouri based Sigma-Aldrich
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Alibaba Group (BABA) Prices Offering at $68 Per Share

September 19th, 2014

Shares of the Alibaba Group Holdings Ltd (BABA) were priced at $68.00 apiece, making this morning’s initial public offering of the Chinese Internet giant the largest U.S. IPO ever. The company will raise a minimum of $21.8 billion at that price. The offering was originally priced at $60 to $66, but was raised to $66
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Rite Aid (RAD) Down on Revised Guidance

September 18th, 2014

Shares of the Rite Aid Corporation (RAD) were trading off -0.94 or -14.16 percent to $5.70 per share in premarket trading this morning, after the company report earnings that beat analyst expectations, but downwardly revised its outlook for the rest of the year. Rite Aid stock closed at $6.64 per share, up +0.23 or +3.59
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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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