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Stock of the Day

DreamWorks (DWA) to Shut Down Main Studio, Cuts 500 Jobs

January 23rd, 2015

Shares of DreamWorks Animation SKG Inc. (DWA) were trading down -3.07 or -14.41 percent to $18.24 per share in Friday’s premarket, after the company announced after yesterday’s close it would be shutting down its main studio, PDI DreamWorks and lay off 500 workers. DreamWorks Animation stock closed at $21.31, up +0.63 or +3.05 percent in
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City National (CYN) to be Acquired by Royal Bank of Canada in $5.4B Deal

January 22nd, 2015

Shares of City National Corporation (CYN) were trading up +15.27 or +20.48 percent to $89.84 per share in Thursday’s premarket. The company announced early this morning it had entered into a definitive agreement to be taken over by the Royal Bank of Canada in a deal valued at approximately $5.4 billion. City National Corp. shares
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Smith & Wesson (SWHC) Rises On Improved Third Quarter Outlook

January 21st, 2015

Shares of Springfield, Massachusetts based Smith & Wesson Holding Corporation (SWHC) rose on Tuesday, against the backdrop of a mildly higher day in stocks overall. Smith & Wesson’s stock was up 16.47%, rising $1.65 per share to close at 11.67, on volume of 9,428,335 shares. The company reported increased guidance for it’s fiscal third quarter
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Goldcorp (GG) to Buy Probe Mines

January 20th, 2015

Shares of Goldcorp Inc. (GG) were up +0.62 or +2.60 percent to $24.43 per share in premarket trading this morning, after news that the company had made a bid on Probe Mines Ltd., a smaller gold miner. Goldcorp Inc. stock closed at $23.81 per share, up +1.12 or +4.94 percent in Friday’s regular trading session.
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FXCM (FXCM) Could be Insolvent After SNB Move

January 16th, 2015

Shares of FXCM Inc. (FXCM) were trading down -11.00 or -87.09 percent to $1.63 per share in this morning’s premarket. The company is trying to meet capital requirements after many of its clients lost massive amounts of money in the Swiss Franc after the Swiss National Bank removed its peg on the Euro. FXCM stock
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Best Buy (BBY) Stock Drops on Same-Store Sales Expectations

January 15th, 2015

Shares of Best Buy Co. Inc. (BBY), were trading down -4.05 or -10.15 percent to $35.82 per share in Thursday’s premarket, after the company released its revenue results for the nine weeks ending on January 4th, 2015 early this morning. The company reported an increase in revenue, but expects no growth in same store sales
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KB Home (KBH) Falls After Missing Fourth Quarter Profit Forecast

January 14th, 2015

Shares of Los Angeles, CA, based KB Home (KBH) fell on Tuesday, against the backdrop of a mildly lower day in stocks overall. The company’s stock was down 16.29%, falling $2.70 per share to close at 13.87, on volume of 35,014,762 shares. The company reported that its fourth quarter earnings missed expectations, and that demand
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ChannelAdvisor (ECOM) Stock Dives on Revenue Miss

January 13th, 2015

Shares of ChannelAdvisor Corp. (ECOM) were off -8.00 or -37.83 percent to $13.15 per share in this morning’s premarket, after the company warned shareholders yesterday that the company would not meet its revenue guidance for the fourth quarter. ChannelAdvisor stock closed at $21.15 per share, off -0.60 or -2.76 percent in Monday’s regular trading session.
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Roche to Acquire Majority Interest in Foundation Medicine (FMI)

January 12th, 2015

Shares of Foundation Medicine Inc. (FMI) were trading up +25.81 or +107.86 percent to $49.74 per share in Monday’s premarket, after news late last night that Roche Holdings AG would be buying a majority interest in the company. Foundation Medicine stock closed at $23.93 per share, up +0.78 or +3.37 percent in Friday’s regular trading
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Bed Bath and Beyond (BBBY) Stock Off on Sales Miss

January 9th, 2015

Shares of Bed Bath and Beyond Inc. (BBBY) were trading down -3.45 or -4.34 percent to $76.00 per share in Friday’s premarket, after the company released its third quarter earnings late yesterday. Bed Bath and Beyond stock closed at $79.45 per share, up +1.24 or +1.59 percent in Thursday’s regular trading session. Union, New Jersey
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GW Pharmaceuticals (GWPH) Stock Lower After Results of First Sativex Phase 3 Trials

January 8th, 2015

Shares of GW Pharmaceuticals plc (GWPH) were trading down -9.50 or -13.36 percent to $61.56 per share in this morning’s premarket, after the company announced early this morning the results of the first of three its investigational product, Sativex in Phase 3 trials. The company also released an update on its development program for Epidiolex,
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hhgregg (HGG) Falls on Withdrawal of 2015 EBITDA Guidance

January 7th, 2015

Shares of Indianapolis, Indiana, based hhgregg (HGG) fell sharply on Tuesday, against the backdrop of a down day in stocks overall. hhgregg’s stock fell 22.48%, losing $1.63 per share, to close at $5.62, on volume of 1,653,380 shares. The company’s stock began selling off after it announced that it is withdrawing its Fiscal Year 2015 EBITDA
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AOL (AOL) in Talks with Verizon

January 6th, 2015

Shares of AOL Inc. (AOL) were trading up +3.51 or +7.85 percent to $48.25 in Tuesday’s premarket, after news broke yesterday after the close of business that the company was in talks with Verizon Communications Inc. (VZN) on a potential takeover or joint venture according to sources knowledgeable on the matter. AOL Inc. stock closed
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Cempra (CEMP) Stock Soars on Solithromycin Results

January 5th, 2015

Shares of Cempra Inc. (CEMP) were trading up +6.60 or +28.83 percent to $29.49 per share in Monday’s premarket. The company announced on January 4th that its lead product, solithromycin, had positive results in clinical trials. Cempra stock closed at $22.89 per share, down -0.62 or -2.64 percent in Friday’s regular trading session. Chapel Hill,
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Five Stocks to Watch in 2015

January 2nd, 2015

This year promises to be an interesting one for the U.S. stock market, given the record territory the S&P 500 and the Dow Jones Industrial Average are starting 2015. The Nasdaq index is still shy of its closing high of 5,048.62 made on March 10th, 2000, ending the year at 4,736.05, up +11.81 percent in
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NeuroDerm (NDRM) Takes Off on Promising Drug Trials

December 31st, 2014

Shares of Rehovot, Israel, based NeuroDerm Ltd. (NDRM) rocketed on Tuesday, against the backdrop of a generally lower day in stocks overall. NeuroDerm’s stock was up by a market-leading 193.53%, rising $11.96 per share, to close at $18.14, on volume of 41,008,653 shares. The company reported positive mid-stage trial results for its Parkinson’s disease candidate. Founded
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Civeo (CVEO) Stock Pummeled on 2015 Guidance, Dividend Cut

December 30th, 2014

Shares of Civeo Corp. (CVEO) were down -3.07 or -37.73 percent to $5.13 in premarket trading on Tuesday. The company announced yesterday after the close that it would be suspending its dividend and gave a lower than expected guidance for its 2015 fiscal year. Civeo stock closed at $8.27, up +0.21 or +2.61 percent in
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Google (GOOG) Gmail Blocked in China

December 29th, 2014

Shares of Google Inc. (GOOG) were trading down -1.03 or -0.19 percent to $533.00 per share in premarket trading this morning, after news that China had blocked the company’s Gmail access through third parties. The Gmail website had already been blocked, with today’s action extending to the Apple (AAPL) app included in Apple iPhones and
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Family Dollar (FDO) Postpones Vote on Dollar Tree Bid

December 26th, 2014

Shares of Family Dollar Stores Inc. (FDO) closed down -0.01 or -0.01 percent to $79.14 per share on light volume in lackluster pre-holiday trading on Wednesday. The company announced on Tuesday that an overwhelming majority of shareholders had voted to adjourn a vote on a proposed $8.5 billion takeover of the company by Dollar Tree
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Vanda Pharmaceuticals (VNDA) Reaches Settlement with Novartis AG

December 23rd, 2014

Shares of Vanda Pharmaceuticals Inc. (VNDA) were up +2.09 or +17.55 percent to $14.00 per share in premarket trading this morning, after the company announced yesterday after the close that it had reached an agreement with Novartis AG (NVS) in ongoing arbitration proceedings on licensing for Fanapt. Vanda Pharmaceuticals stock closed at $11.91 per share,
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