Shares of ValueClick Inc. (NASDAQ: VCLK) rallied on Monday after Jefferies upgraded the stock from “Hold” to “Buy “ rating and raised its price target on it to $35.00 from $23.00. The improvement in ratings come after company’s analyst day, where both CEO John Guliani and team, eloquently said that the Company was shifting towards [...]
Embattled daily deals site Groupon Inc. (NASDAQ: GRPN), whose shares have been under immense pressure due to slowing growth rate and flagging revenue from international markets, received a tremendous boost last week after globally renowned “value investor”, Bill Miller gave the Company surprising endorsement. [...]
CenterPoint Energy Inc. (NYSE: CNP), OGE Energy Corp. and ArcLight Capital Partners have entered into an agreement which would allow these companies to merge a part of their operations to form a midstream company, having combined assets worth $11 billion. [...]
Shares of Bank of America Corp. (NYSE: BAC) gained on Friday after the bank said that the Federal Reserve agreed on its proposed capital actions. The bank said that it would now repurchase about $5 billion worth of its common stock and buyback around $5.5 billion worth preferred stock. [...]
Molycorp Inc (NYSE: MCP), world’s biggest rare-earth metal mining company outside China, reported wider-than-expected fiscal fourth-quarter losses late on Thursday as the bottom line was hurt by lower prices of rare earth metals, dip in production, increase in costs and a huge goodwill impairment charge linked to the acquisition of rare earth processer Neo Material [...]
Shares of Spirit Airlines Incorporated (NASDAQ: SAVE), an airline company that provides services principally throughout the domestic U.S., have edged higher in trading today. At last check, SAVE shares were trading 2.89% higher at $24.79 on above average volume of 1.23 million. The stock hit a 52-week high of $25.64 earlier today. In the last [...]
Shares of Vera Bradley Inc. (NASDAQ: VRA) slumped on Thursday after the handbag and travel leisure accessories maker provided downbeat outlook on the current quarter and full-year, late last evening. However, fiscal fourth-quarter results exceeded Street’s estimates. For the quarter ended February 2, The Fort Wayne-based Company reported a profit of $25.1 million, or 62 [...]
Lifetime Brands Inc. (NASDAQ: LCUT) reported on Wednesday that its fiscal fourth-quarter earnings jumped more than two times year-on-year, aided by the recent acquisition. Back in December, Lifetime Brands acquired Fred & Friends which makes kitchen tools. [...]
Although the Men’s Wearhouse Inc.’s (NYSE: MW) fiscal fourth-quarter results fell short of Street’s estimates due to “challenging macroeconomic environment”; shares rallied in afterhours trading on Wednesday after the specialty men’s suit maker said that it has hired Jefferies & Co. to help evaluating strategic alternatives for its K&G operations. The Company is inclined focusing [...]
Shares of Dole Food Company Inc. (NYSE: DOLE) slumped on Wednesday after the fruit and vegetable producer late last evening reported that it swung into a loss in its fiscal fourth quarter as fresh fruit sales were impacted due to divestiture while costs associated with the deal weighed on the bottom line. [...] |
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