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Stock of the Day

Unwired Planet (UPIP) Stock Surges on Lenovo Patent Deal

March 21st, 2014

Shares of Unwired Planet Inc. (UPIP) were trading up +1.08 or +83.08 percent to $2.38 per share in pre-market trading on Friday, after announcing that Lenovo LNVGY would be buying a portfolio of patents from the company for $100 million. The deal includes a term-based license to Unwired Planet’s patent portfolio. Unwired Planet stock closed
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ExOne (XONE) Reports Quarterly Loss

March 20th, 2014

Shares of The ExOne Company (XONE) were trading down -3.95 or -9.03 percent to $39.80 per share in pre-market trading this morning, after the company reported a quarterly loss and a drop in revenue. The drop was attributed in part to a mix of fewer high end 3-D printers sold in the fourth quarter. ExOne
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Hewlett-Packard (HPQ) Up on Stock Upgrade

March 19th, 2014

Shares of Palo Alto, California, based Hewlett-Packard Company (HPQ) rose on Tuesday, against the backdrop of a generally higher day on Wall Street. The stock was up 3.66%, rising $1.08 per share, to close at $30.56, on volume of 19,144,896 shares. The company’s stock was upgraded by Barclay’s on Tuesday, largely on improving prospects for
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Hertz (HTZ) to Spin Off Equipment Rental Division, Reports Earnings

March 18th, 2014

Shares of Hertz Global Holdings (HTZ) closed up +1.24 or +4.77 percent on Monday, after the company announced it would be spinning off its construction equipment rental business. The Hertz Equipment Rental division will reportedly be spun off for $2.5 billion through a tax-free distribution that will tentatively be completed by the beginning of 2015.
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Intercept (ICPT) Announces Positive Results for Liver Drug Trial

March 17th, 2014

Shares of Intercept Pharmaceuticals Inc. (ICPT) were down -32.26 or -6.98 percent to $430.00 per share in pre-market trading on Monday, after the company announced in their 10K filing late Friday that there were adverse cardiac issues connected to their experimental drug for the treatment of liver disease. The company announced on Sunday that its
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Amazon (AMZN) Prime Cost Increased by $20

March 14th, 2014

Shares of Amazon.com, Inc. (AMZN) were trading up +3.49 or +0.94 percent to $375.00 per share in pre-market trading on Friday, after the company announced it was raising the cost of its Amazon Prime service by $20 per year from $79 to $99. The cost increase reflects the extra features besides streaming video Amazon is
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FTC Launches Probe on Herbalife (HLF)

March 13th, 2014

Shares of Herbalife Ltd. (HLF) closed down -4.82 or -7.37 percent to $60.57 per share on Wednesday, after news that the company had received a Civil Investigative Demand or CID from the U.S. Federal Trade Commission. Trading in Herbalife shares was halted before the announcement, reopening down -8.0 percent to the $60 per share level.
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General Motors (GM) Shares Tumble on Federal Probe of Recall

March 12th, 2014

Shares of Detroit, Michigan, based General Motors Company (GM) fell on Tuesday, losing $1.91 per share, or 5.15%, to $35.18, on volume of just over 41 million shares, on a down day on Wall Street across the board. Bloomberg reported that the Justice Department has opened a criminal investigation of the company in regard to
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Chiquita Brands (CQB) to Acquire Fyffes

March 11th, 2014

Shares of Chiquita Brands International Inc. (CQB) closed up +1.16 or +10.7 percent to $12.00 per share in regular trading on Tuesday. Early Wednesday, the company announced its plans to acquire its European counterpart, Fyffes, for $526 million. The merged entity, which will be called ChiquitaFyffes, will become the largest banana supplier and distributor in
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Coupons.com (COUP) Surges +87.5% on First Day

March 10th, 2014

Shares of Coupons.com (COUP) closed up +14.00 or +87.5 percent to $30.00 per share on Friday after the company had their Initial Public Offering. The company had originally priced the offering at $12-$15 per share in their initial filings to go public in October, but raised the offering price to $16 per share. The company
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FireEye (FEYE) Prices Follow-On Offering

March 7th, 2014

Shares of FireEye Inc. (FEYE) dropped -4.37 or -4.88 percent to $85.18 in pre-market trading on Friday, after the company announced the price of their follow-on offering of 14,000,000 shares of its common stock. The price announced was $82.00 per share. FireEye stock closed at $89.55 per share, down -6.08 or -6.36 percent in Thursday’s
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Sangamo BioSciences (SGMO) Stock Soars on First-In-Man Study of Genome Editing Tech

March 6th, 2014

Shares of Sangamo Biosciences Inc. (SGMO) were trading at $23.50, up +3.89 or +19.84 percent in pre-market trading Thursday morning, after news late yesterday that the New England Journal of Medicine was publishing results of the first study of the company’s proprietary zinc finger nuclease (ZFN) genome editing technology in human beings. Sangamo Bio stock
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Radio Shack (RSH) Sinks on Disappointing Earnings and Announcement of Massive Store Closings

March 5th, 2014

Shares of Fort Worth, Texas, based Radio Shack Corp. (RSH) fell sharply on Tuesday, against the backdrop of a strong day on Wall Street overall. Radio Shack’s stock fell 47 cents, or 17.28%, to $2.25 per share, on volume of well over 20 million shares. The company announced lower than expected earnings for the 4th
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DISH Network (DISH) Signs Landmark Deal with Disney

March 4th, 2014

Shares of DISH Network Corp. (DISH) closed up +0.04 or +0.07 percent to $58. 88 per share on Monday. After the market close, the company announced a groundbreaking long-term agreement with The Walt Disney Company (DIS) that will allow DISH customers the option of streaming television programming over the Internet, versus receiving programs through a
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Five Stocks to Watch in March

March 3rd, 2014

The month of February saw the U.S. stock market continue making new all-time highs, with the S&P 500 making new record closes both on Thursday and Friday. While the broader based Russell 2000 outpaced larger cap indexes, the benchmark Dow Jones Industrial Average lagged the rest of the market. So far this year, the DJIA
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Gap (GPS) Beats Estimates, Increases Dividend

February 28th, 2014

Shares of The Gap Inc. (GPS) closed down -0.23 or -0.52 percent to $43.68 per share on Thursday. Shares traded mildly lower in this morning’s pre-market, after the company announced earnings late yesterday. The company reported a profit of $307 million, or $0.68 per share, versus $351 million, or $0.73 per share in the same
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J.C. Penney (JCP) Stock Gains on Higher Earnings, Forecast

February 27th, 2014

Shares of J.C. Penney Company Inc. (JCP) were trading +0.84 or +14.09 percent higher to $6.80 per share in pre-market trading on Thursday, after the company announced better than expected earnings for the company’s fourth quarter and full year ended February 1st. The company’s net profit for the quarter was the first quarterly profit J.C.
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InterMune (ITMN) Soars on Lung Disease Treatment Tests

February 26th, 2014

Shares of Brisbane, CA, based InterMune Inc. (ITMN) soared on Tuesday, on news that its Pirfenidone drug has produced positive test results. The drug is used to treat a fatal lung disease, and had previously been rejected by federal regulators. InterMune’s stock was up 170.77%, or $23.84, to close at $37.50. More than 50 million
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Cisco (CSCO) Raises 8B in Bond Offering

February 25th, 2014

Shares of Cisco Systems Inc. (CSCO) closed down – 0.01 or -0.05 percent on Monday to $22.12 per share. The company sold $8 billion in bonds yesterday in the largest debt offering this year and the largest by a publicly held company since Verizon Communications (VZ) issued a massive $49 billion in debt last September.
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Chesapeake (CHK) Considering Sale of Oil Services Division

February 24th, 2014

Shares of Chesapeake Energy Corporation (CHK) were trading up +0.41 or +1.54 percent to $26.98 per share in pre-market trading early Monday, after the company announced it was considering strategic alternatives for its Oilfield Services Division. Chesapeake Energy stock closed at $26.57, down -0.08 or -0.30 percent to $26.57 in Friday’s regular trading session. Oklahoma
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