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Stock of the Day

Gigamon (GIMO) Shares Sink After Outlook Cut

April 8th, 2014

Shares of Gigamon Inc. (GIMO) were off -6.44 or -24.58 percent to $19.76 per share in pre-market trading on Tuesday, after the company announced late yesterday a reduction in its outlook on revenue for the quarter ended March 29th. Gigamon stock closed at $26.20 per share, down -0.22 or -0.83 percent in Mondayâ s regular
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GrubHub (GRUB) Up Over 30 Percent in Initial Public Offering

April 7th, 2014

Shares GrubHub Inc. (GRUB) closed up +8.00 or +30.77 percent to $34.00 per share on Friday, after the company had their initial public offering. The company had priced the offering at $26 per share on Thursday night after an initial range of $23-$26 per share. The stock originally opened up +56 percent at $40.00 per
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Anadarko (APC) Stock Soars on Toxins Case Settlement

April 4th, 2014

Shares of the Anadarko Petroleum Corporation (APC) closed up +12.55 or +14.51 percent on Thursday, after the company announced a $5.1 billion settlement of a long standing litigation over Tronox Limited (TROX). The settlement of the lawsuit will restore thousands of toxin polluted sites and compensate thousands of people with personal injury claims who were
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Citigroup (C) Subject of Criminal Inquiry

April 3rd, 2014

Shares of Citigroup Inc. (C) were trading down -0.56 or -1.16 percent to $47.68 per share in pre-market trading on Thursday, after news that the company was the subject of a Federal Bureau of Investigation criminal investigation involving a $400 million fraud from the companyâ s Mexican unit, Banamex. Citigroup shares closed at $48.24 per
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United Continental (UAL) Up on Stock Upgrade

April 2nd, 2014

Shares of Chicago, Illinois, based United Continental Holdings Inc. (UAL) rose on Tuesday on a strong day on Wall Street overall. United’s stock was up $2.27 per share to close at $46.90, or up 5.09% per share on volume of 6,537,770 shares. The company’s stock was upgraded from “neutral”

Five Stocks to Watch in April

April 1st, 2014

March saw the S&P 500 make a new all time high, climbing to 1883.57 on the seventh. The index is up +11.7 percent since early October of 2013. Nevertheless, the Dow Jones Industrial did not make a new high in March, rising +9.8 percent in the same period, while the broader based Russell 2000′s performance
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Apple (AAPL) Seeks $2B From Samsung

March 31st, 2014

Shares of Apple Inc. (AAPL) were trading up +3.00 or +0.56 percent to $539.86 per share in pre-market trading on Monday, after news that Apple would be seeking $2 billion in damages from Samsung for infringing on five of its patents used in mobile phones and tablets. Apple stock closed at $536.86, down -0.60 or
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Intel (INTC) Takes Big Stake in Cloudera

March 28th, 2014

Shares of the Intel Corporation (INTC) were up +0.16 or +0.63 percent in pre-market trading on Friday, after the company announced late Thursday that it was making a significant investment in startup Cloudera. While the size of the deal has yet to be announced, the investment by Intel is the largest single investment in data
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Bank of America (BAC) to Settle with FHFA

March 27th, 2014

Shares of Bank of America Corp. (BAC) were up +0.15 or +0.87 percent to $17.33 per share in pre-market trading on Thursday, after the company announced late yesterday that it would settle litigation over mortgage securities sales with the Federal Housing Finance Agency or FHFA. Bank of America stock closed at $17.18 per share, down
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Power Plug (PLUG) Up on Prospect of Major Deal

March 26th, 2014

Shares of Latham, NY, based Power Plug Inc. (PLUG) surged on Tuesday, against the backdrop of a strong day in stocks overall. The company’s stock was up $2.79 per share, or 49.03%, to $8.48, on volume of 135,458,814 shares. The company’s chief executive revealed that the company is close to announcing a major deal in
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Blackstone (BX) to Reduce SeaWorld Stake

March 25th, 2014

Shares of The Blackstone Group L.P. (BX) closed down -0.80 or -2.36 percent to $33.12 per share on Monday. The company disclosed through a prospectus late Monday that they would be selling an additional 15 million shares of their SeaWorld Entertainment SEAS stake in a secondary offering. SeaWorld stock closed at $31.98 per share, down
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Nu Skin (NUS) to be Fined $540K by China

March 24th, 2014

Shares of Nu Skin Enterprises (NUS) were up +18.34 or +24.45 percent to $93.34 per share in pre-market trading on Monday, after news that the Administration of Industry and Commerce (â

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 Planetâ s patent portfolio. Unwired Planet stock
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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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