Shares of PriceSmart Inc. (NASDAQ: PSMT) jumped about 3.50% in afterhours trading on Tuesday after the discount warehouse clubs operator said that its income in the fiscal second quarter increased from year-earlier quarter owing to continued improvement in sales. Continue reading PriceSmart Q2 Results Edge Past Street’s Estimates (PSMT)
Shares of Petrosonic Energy Inc. (PINK: PSON), a company focusing on the de-asphalting and separation of asphalt from heavy crude, oil sands, and waste oils, are rallying in trading today. At last check, PSON shares were trading 13.39% higher at $1.27 on above average volume of 2.09 million. The stock hit an intra-day high of $1.32 earlier today. PSON shares have gained 40% in the last three trading sessions.
Shares of JC Penney Company Inc. (NYSE: JCP) were hammered on Tuesday after the Company said that its Chief Executive Officer Ron Johnson decided to leave the Company. Meanwhile, the Company has re-appointed ex-CEO Mike Ullman at the top position, on interim basis. The beleaguered department chain, whose shares slumped 44% last year which marked Johnson’s first full year as a CEO, tumbled another 25% through last week as his strategy to overhaul the chain’s business failed to generate customer’s traffic while sales kept dwindling. Johnson stint was for only about one and half years. Continue reading Major Movers on April 9; JCP, CLF, HIMX, TTEK, FCN
Shares of Advanced Micro Devices Inc. (NYSE: AMD) leaped about 13% on Monday after Bloomberg reported that the software giant, Microsoft Corp. (NASDAQ: MSFT) will be using AMD processors for its upcoming Xbox, videogame console as it looks to slash expenses for making machines and entice developers to roll out more game titles. Continue reading Microsoft to Use Advanced Micro Devices Chips For its New Xbox Console (AMD, MSFT)
Shares of Green Innovations Ltd. (OTC: GNIN), an importer and distributor of bamboo-based hygienic and household products, are soaring in trading today. At last check, GNIN shares were trading 12.17% higher at $1.29 on volume of 4.51 million. The stock hit an intra-day high of $1.37 earlier today. GNIN shares have gained more than 90% in the last three trading sessions.
Shares Questcor Corp. (NASDAQ: QCOR) tumbled on Monday after analysts at Favus Institutional Research cut their rating on the stock to “sell” from “buy”, citing concerns over the company’s fiscal first quarter results. In its note to clients, Favus said that should the company fails in meeting or misses Q1 results then it would be not easy to gauge whether the slowdown is due to “external reimbursement pushback or QCOR’s internal reorganization of reimbursement process.” The research firm said that sales could feel the pressure as bulk orders for the Achtar Gel (repository corticotropin injection), which is its primary product, were filled in late fiscal fourth quarter. Continue reading Major Movers on April 8; QCOR, NIHD, BCRX, GOL, LUFK, EPL
General Electric Company announced on Monday that it has agreed to acquire oilfield services provider, Lufkin Industries Inc. (NASDAQ: LUFK), in deal estimated at about $ 3.38 billion.
Valero Energy Corporation (NYSE: VLO) said on Friday that its board has approved the plan to spin off retail business, CST Brands, as the Company shifts its focus on key strategic areas. Continue reading Valero Energy to Spin Off its CST Brands Business (VLO)
Zynga Inc. (NASDAQ: ZNGA) announced on Friday that it has named John Doerr, a renowned venture capitalist to its board as the Company looks to shift its focus away from social gaming business towards online gambling and mobile-platform focused games. Continue reading Zynga Appoints John Doerr to its Board (ZNGA)
Orix Corporation (ADR) (NYSE: IX) rallied on Wednesday. The Tokyo based financial services provider and Funabashi Eco Services Corporation announced in February that will merge to form a new entity referred to as Orix Eco Services Corporation. The merge is aimed at creating synergies and improving customer services. Continue reading Major Movers on April 6; IX, JCP, WLL-A, FFIV, HBI, NIHD |
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