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Stock of the Day

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, … READ MORE

Staples (SPLS) Security Breach Affects 1.16 Million Customers

December 22nd, 2014

Shares of Staples Inc. (SPLS) closed down -0.09 or 0.51 percent to $17.55 in Friday’s regular trading session. The company disclosed after the close of trading on Friday that as many as 1.16 million payment cards could have been affected by a data breach first detected in October. Staples said that the malware used in … READ MORE

Red Hat (RHT) Rockets on Third Quarter Earnings

December 19th, 2014

Shares of Red Hat Inc. (RHT) were trading up +6.50 or +10.57 percent to $68.00 per share in this morning’s premarket, after the company beat analyst estimates for their third quarter earnings results. The company released their results after yesterday’s close and upwardly revised its full year profit forecast. Red Hat stock closed at $61.50 … READ MORE

Tetraphase Pharmaceutical (TTPH) Shares Soar on Late-Stage Trial Results

December 18th, 2014

Shares of Tetraphase Pharmaceutical Inc. (TTPH) were up +6.19 or +18.65 percent to $39.38 per share in this morning’s premarket, after a late-stage study found that the company’s new antibiotic was as effective in treating intra-abdominal infections as Merck & Co. Inc.’s (MRK) ertapenem. Tetraphase Pharmaceutical stock closed at $33.19, up +3.17 or +10.56 percent … READ MORE

Navistar International Corporation (NAV) Falls on Missed Expectations

December 17th, 2014

Shares of Lisle, Illinois, based Navistar International Corporation (NAV), fell sharply amid a down day on Wall Street. Navistar’s stock dropped 16.98%, falling $5.95 per share, to close at 29.10, on volume of 4,580,210 shares. Even though the company substantially lowered is loss for the quarter, and sales grew, the income results came in below … READ MORE

Talisman Energy (TLM) to be Acquired by Repsol for $8.3 Billion

December 16th, 2014

Shares of Talisman Energy Inc. (TLM) were up +2.50 or +48.83 percent to $7.62 per share in this morning’s premarket trading, after news that the company had agreed to be taken over by Spanish energy company Repsol SA REP. Talisman Energy shares closed at $5.12, up +0.83 or +19.35 percent in Monday’s regular trading session. … READ MORE

PetSmart (PETM) Sells Itself for $8.7 Billion

December 15th, 2014

Shares of PetSmart Inc. (PETM) were up +3.58 or +4.61 percent to $81.25 per share in Monday’s premarket, after the company announced yesterday that it was being acquired by a foreign based private investor group for $83.00 per share. PetSmart shares closed at $77.67, down -0.77 or -0.98 percent in Friday’s regular session. Phoenix, Arizona … READ MORE

Adobe (ADBE) Beats on Earnings, to Acquire Fotolia for $800M

December 12th, 2014

Shares of the Adobe Systems (ADBE) were up +5.26 or +7.54 percent to $75.00 per share in this morning’s premarket, after the company released better than expected earnings yesterday after the close. In addition to beating earnings estimates, the company announced it was acquiring stock-photo web company Fotolia for $800 million. Adobe stock closed at … READ MORE

LendingClub (LC) Raises $865.5M in Initial Public Offering

December 11th, 2014

Shares of LendingClub Corp. (LC) were priced at $15 per share, with the company successfully selling 57.7 million shares at $15.00 apiece in the company’s Initial Public Offering this morning. The initial expected range for pricing shares was between $12 and $14 per share, with the final price of $15 per share exceeding expectations. Lending … READ MORE

Bluebird Bio (BLUE) Takes Off on Promising Drug Results

December 10th, 2014

Shares of Cambridge, Massachusetts based Bluebird Bio, Inc. (BLUE) rocketed on Tuesday, against the backdrop of a mixed market on Wall Street. Bluebird’s stock was up 72.39%, rising by $35.29 per share, to close at $84.28 on volume of 8,209,814 shares. It was Bluebird’s highest close ever. On Monday night, the company announced that one … READ MORE

Conn’s (CONN) Stock off Sharply on Third Quarter Earnings

December 9th, 2014

Shares of Conn’s Inc. (CONN) were trading down -11.21 or -31.95 percent to $23.88 in this morning’s premarket, after the company announced a loss for its fiscal third quarter, 2015 ended on October 31st 2014. Analysts were expecting the company to post a profit for the quarter. Conn’s stock closed at $35.09, down -0.15 or … READ MORE

Cubist Pharmaceuticals (CBST) to be Acquired by Merck in $9.5B Deal

December 8th, 2014

Shares of Cubist Pharmaceuticals Inc. (CBST) were up +26.66 or +35.85 percent to $101.02 per share in this morning’s premarket, after news broke late Friday that the company was in acquisition talks with Merck & Co. (MRK). The deal, which was just announced this morning, could be worth as much as $9.5 billion. Cubist stock … READ MORE

The Gap (GPS) Same Store Sales Rise Six Percent

December 5th, 2014

Shares of The Gap Inc. (GPS) were trading up +1.44 or +3.55 percent to $42.00 per share in this morning’s premarket, after the company announced that November same store sales had risen six percent compared to a year earlier. Analysts expected a -1.4 percent decline. Gap stock closed at $40.56 per share, down -0.04 or … READ MORE

Best Buy (BBY) to Sell its Five Star China Business

December 4th, 2014

Shares of Best Buy Co. Inc. (BBY), were trading up +0.65 or +1.80 percent to $36.69 per share in Thursday’s premarket, after the company announced early this morning that it would be selling its Five Star business in China for an undisclosed amount. According to Best Buy, the sale will have little impact on the … READ MORE

Shoe Carnival (SCVL) Up on Higher Third Quarter Earnings

December 3rd, 2014

Shares of Evansville, Indiana, based Shoe Carnival Inc. (SCVL) rose sharply on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $3.75 per share, or 19.11%, to close at $23.37 on volume of 487,327 shares. After the close of the markets on Monday night, the company announced that … READ MORE

Five Stocks to Watch in December

December 2nd, 2014

The U.S. stock market continued gaining in November, making new all-time highs again last month. The Dow Jones Industrial Average closed at 17,828.24 on Friday, ending the month up +2.3 percent, the S&P 500 index gained +2.7 percent to close at 2072.83, while the tech laden Nasdaq Composite index closed at 4,791.63 gaining +3.2 percent … READ MORE

Dalian Wanda Group to Buy Stake in Lions Gate Entertainment (LGF)

December 1st, 2014

Shares of Lions Gate Entertainment Corp. (LGF) were up +1.10 or +3.24 percent to $35.00 per share in Monday’s premarket trading, after news that Chinese conglomerate, the Dalian Wanda Group confirmed it was in talks with Lions Gate about acquiring a stake in the company. Lions Gate Entertainment Corp. closed at $33.90 per share, up … READ MORE

The Habit Restaurants (HABT) Slides on Post-IPO Euphoria

November 26th, 2014

Shares of Irvine, California based The Habit Restaurants, Inc. (HABT) fell on Tuesday, against the backdrop of a mixed market on Wall Street overall. The stock was down $4.54 per share, falling 13.16% to close at $29.95, on volume of 2,321,576 shares. The decline was a pullback from a strong rise in the stock since … READ MORE

Tiffany (TIF) Stock Rallies on Third Quarter Earnings

November 25th, 2014

Shares of Tiffany & Co. (TIF) were trading up +2.18 or +2.08 percent to $107.19 per share in Tuesday’s premarket, after the company reported slightly lower than expected third quarter earnings and downwardly revised its outlook for sales for the company’s full fiscal year. Tiffany & Co. stock closed at $105.01, up +1.10 or +1.06 … READ MORE

Platinum Underwriters (PTP) to be Acquired by RenaissanceRe Holdings in $1.9B Deal

November 24th, 2014

Shares of Platinum Underwriters Holdings Ltd. (PTP) were up +11.98 or +19.55 percent to $73.25 per share in Monday premarket trading, after news that the company had entered into a definitive agreement to be taken over by RenaissanceRe Holdings Ltd (RNR). Platinum Underwriters’ stock closed at $61.27, up +0.01 or +0.02 percent in Friday’s regular … READ MORE