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Stock Market & Financial Investment News

News Breaks
December 24, 2012
13:21 EDTHLF, AEGR, FBOn The Fly: Closing Wrap
Stocks on Wall Street finished lower on the day on a shortened holiday trading session. After opening lower, light volume saw the averages move in a narrow range... COMPANY NEWS: Shares of Herbalife (HLF) remained under pressure today, bringing the stock's losses to nearly 40% since Bill Ackman reported that he had taken a large short position in the name, then called the company's business model a pyramid scheme at an investor conference presentation. Herbalife today said it would provide an update at an analyst and investor meeting January 10, and shares of Herbalife fell $1.21, or 4.44%, to $26.06 on the day... MAJOR MOVERS: Among noteworthy gainers was Facebook (FB), up 67c, or 2.55%, to $26.93 after Needham increased their price target on shares to $33 from $25 citing upside from new revenue streams... Aegerion (AEGR) today received FDA approval for its Juxtapid capsules, however the approval requires the company include a "Boxed Warning" on the drug, citing the risk of hepatic toxicity. Shares of Aegerion opened sharply lower but recouped some losses, closing down 46c, or 1.79%, to $25.25... INDICES: The Dow was down 51.76, or 0.39%, to 13,139.08; the Nasdaq was down 8.41, or 0.28%, to 3,102.60; the S&P was down 3.49, or 0.24%, to 1,426.66.
News For HLF;FB;AEGR From The Last 14 Days
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July 17, 2015
05:49 EDTFBGoogle price target raised to $723 from $631 at Piper Jaffray
Piper Jaffray analyst Gene Munster raised his price target for Google shares to $723 saying the search giant's Q2 earnings report and corresponding commentary leave him more confident in the stock over the next two quarters. In addition to talking about a focus on costs, Google noted that mobile cost-per-clicks were up and continued to close the gap on desktop and also highlighted accelerating YouTube usage despite recent media coverage on Facebook (FB) Video, Munster tells investors this morning in a research note. He keeps an Overweight rating on Google. The stock is $62.95 to $642.80 in pre-market trading following last night's earnings report.
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