Stock News

Larger Gains for Health Care Stocks Erode in Late Trade

Larger Gains for Health Care Stocks Erode in Late Trade

Health care stocks were giving back a portion of their earlier gains, with the NYSE Health Care Index rising about 0.5% while shares of health care companies in the S&P 500 were up almost 0.3% as a group. In company news, MyoKardia (MYOK) shares advanced Friday after the biotech company today said it received a $25 million milestone payment from[Read More…]

by December 2, 2016 0 comments Stock News, Stocks
Albemarle Rises to Record After Tianqui Lithium Invests in German Subsidiary

Albemarle Rises to Record After Tianqui Lithium Invests in German Subsidiary

Albemarle, a specialty chemicals maker, said that Tianqi Lithium Corporation exercised an option to acquire a 20% indirect ownership interest in Rockwood Lithium in Germany and its subsidiaries, currently solely owned by Albemarle. The German subsidiary makes products such as organolithiums such as butyllithium. Albemarle will retain a controlling stake in the unit. Albemarle’s lithium-based battery and energy storage business,[Read More…]

by November 30, 2016 0 comments Stock News, Stocks
Slim Decline for Health Care Stocks Today

Slim Decline for Health Care Stocks Today

Health care stocks were slightly lower during Wednesday trading, with the NYSE Health Care Index slipping about 0.1% while shares of health care companies in the S&P 500 also were down 0.1% as a group. In company news, Cellectar Biosciences (CLRB) plunged Wednesday after the specialty drugmaker today priced an $8 million public offering of 5.3 million shares at $1.50[Read More…]

by November 23, 2016 0 comments Stock News, Stocks
Stock Indexes Jump in Early Trading Monday

Stock Indexes Jump in Early Trading Monday

The Nasdaq Composite jumped to another record Monday and the Standard & Poor’s 500 headed for its highest closing price ever on upbeat sentiment and a weakened dollar. Fed Vice Chair Stanley Fischer said in a speech at the Council on Foreign Relations said improved infrastructure and private investment “can increase the potential of the economy and help confront some[Read More…]

by November 21, 2016 0 comments Stock News, Stocks
SITO Mobile Q3 EPS Meets, Sales Beat Views

SITO Mobile Q3 EPS Meets, Sales Beat Views

Shares of SITO Mobile were slumping Tuesday morning even though the company reported late Monday Q3 EPS that met views on sharply higher revenues that beat forecasts compiled by Capital IQ. The provider of mobile advertising and messaging platforms swung to a Q3 profit of $0.03 per share from a loss of $0.16 per share a year earlier, matching analysts’[Read More…]

by November 15, 2016 0 comments Stock News, Stocks
OpGen in Research Collaboration With Merck

OpGen in Research Collaboration With Merck

OpGen said Monday it entered into a deal with Merck, known as MSD outside the United States and Canada, to develop new rapid diagnostics and information technology products that will help combat the threat of antimicrobial resistance. Shares of OpGen fall 2.7%, while Merck retreats more than 1% in intraday trading. The companies will collaborate to support OpGen’s development of[Read More…]

by November 14, 2016 0 comments Stock News, Stocks
Pitney Bowes to Pay Sequentially Unchanged Quarterly Cash Dividend of $0.1875/Common Stock on Dec. 12

Pitney Bowes to Pay Sequentially Unchanged Quarterly Cash Dividend of $0.1875/Common Stock on Dec. 12

Pitney Bowes, a technology products provider, said Friday its board set out a quarterly cash dividend of $0.1875 per share, payable Dec. 12 to stockholders of record Nov. 21. Shares drifted slightly higher intraday. In addition, a quarterly cash dividend of $0.53 per share on the company’s convertible preference stock will be paid Jan. 1 to stockholders of record Dec.15.[Read More…]

by November 11, 2016 0 comments Stock News, Stocks
Blue Buffalo Q3 EPS Tops, Sales Misses

Blue Buffalo Q3 EPS Tops, Sales Misses

Blue Buffalo Pet Products, a natural pet food company, reported higher-than-expected earnings, but lower-than-expected sales for Q3. Adjusted EPS increased 31.5% to $0.22 in the September quarter, above the $0.20 average estimate of analysts polled by Capital IQ. Q3 sales increased 11% to $288 million, below the analyst consensus of $290.8 million. Looking ahead, the company anticipates full-year sales between[Read More…]

by November 10, 2016 0 comments Stock News, Stocks