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Stock Market & Financial Investment News

News Breaks
August 4, 2014
07:32 EDTNE, PGNNoble completes spin-off of outstanding shares of Paragon Offshore
Noble (NE) announced that it has completed the spin-off of all of the outstanding shares of Paragon Offshore (PGN), which owns most of Noble's standard specification drilling business. As a result, Noble and Paragon are now two separate, publicly-traded companies. On August 1 Noble distributed to its shareholders one ordinary share of Paragon for every three ordinary shares of Noble held. No fractional Paragon shares were issued; however, shareholders who would otherwise have been entitled to receive a fractional Paragon share in the distribution instead received cash in lieu of that fractional share. Paragon ordinary shares will begin "regular-way" trading under the symbol "PGN" on the New York Stock Exchange on August 4. Noble ordinary shares will continue to trade on the NYSE under the symbol "NE."
News For NE;PGN From The Last 14 Days
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May 13, 2015
19:12 EDTPGNOn The Fly: After Hours Movers
UP AFTER EARNINGS: Paragon Offshore (PGN), up 10.3%... Shake Shack (SHAK), up 10%... Vipshop Holdings (VIPS), up 6.7%. ALSO HIGHER: Vascular Biogenics (VBLT), up 12.8% and Oncothyreon (ONTY), up 15.5% after release of ASCO presentation data. DOWN AFTER EARNINGS: Identiv (INVE), down 10.3%... Sphere 3D (ANY), down 11.3%... VOXX International (VOXX), down 8.1%. ALSO LOWER: Puma Biotechnology (PBYI), down 21.8% after Neratinib data published in ASCO abstract... Karyopharm Therapeutics (KPTI), down 1.2% after ASCO presentation data released... Gevo (GEVO), down 11.4% after filing to sell common stock and warrants.
16:25 EDTPGNParagon Offshore reports Q1 EPS 69c with items, may not compare to consensus 23c
Reports Q1 revenue $430.6M, consensus $418.72M. Results for the quarter include a $16.8M, or 17c per diluted share, gain on the sale of an asset and a $4.3M, or 5c per diluted share, gain related to the repurchase of an aggregate principal amount of $11M of its senior unsecured notes.
16:12 EDTPGNParagon Offshore reports total contract backlog $1.9B at March 31
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15:04 EDTPGNNotable companies reporting after market close
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