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Stock Market & Financial Investment News

News Breaks
March 26, 2014
07:49 EDTEXELExelixis price target lowered to $9 from $11 at Stifel
Stifel cut its price target on Exelixis after the company announced that a committee had determined that its Phase III trial should continue based on lack of sufficient survival benefit to halt the trial,. The firm had expected the trial to be stopped early due to efficacy. Stifel notes that trials of competing drugs have been stopped early due to favorable results. However, it thinks the final results of Exelixis' trial could still be positive and keeps a Buy rating on the shares.
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July 14, 2014
11:20 EDTEXELExelixis seen as potential target for Roche, TheStreet says
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09:16 EDTEXELOn The Fly: Pre-market Movers
HIGHER: Citigroup (C), up 3.6% after reporting better than expected Q2 results, announcing $7B settlement with DOJ and FDIC... Apple (AAPL), up 0.7% after Barclays upgrades stock to Overweight, Morgan Stanley raises Apple estimates above consensus... Shire (SHPG), up 1.6% after receiving revised proposal from AbbVie (ABBV) of GPB 53.20 per share, which it says it would be willing to recommend to Shire shareholders. AbbVie is down 2.8% after the news... Mylan (MYL), up 4% after acquiring Abbott's (ABT) non-U.S. developed markets specialty and branded generics business in all-stock transaction valued at about $5.3B. Abbott up 1.6% after the news... Progenics (PGNX), up 13% after FDA says RELISTOR can be approved on data submitted in sNDA... Exelixis (EXEL), up 13% after announcing coBRIM Phase 3 trial met primary endpoint... URS (URS) up 8% after acquired by AECOM Technology (ACM) for $56.31 per share. AECOM shares alos up 2% after deal announcement... Whiting Petroleum (WLL), up 4.5% after agreeing to acquire Kodiak Oil & Gas (KOG) in a $6B transaction. Kodiak Oil & Gas up 3%... Kandi Technologies (KNDI), up 11% after announcing JV's sale of 4,114 EVs in Q2. LOWER: Riverbed (RVBD), down 4.5% after saying it sees its Q2 adjusted EPS at low end of 26c-28c range... Harmonic (HLIT), down 13% after reporting preliminary Q2 earnings results.. EBay (EBAY), down 0.5% after downgraded at Pacific Crest, confirming partnership plans with Sotheby's (BID).
05:19 EDTEXELExelixis announces coBRIM Phase 3 trial met primary endpoint
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