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Stock Market & Financial Investment News

News Breaks
February 25, 2013
10:52 EDTPANLUniversal Display sinks after Piper says Samsung using second vendor
Universal Display (PANL), which develops organic light emitting diodes, is retreating after Piper Jaffray analyst Jagadish Iyer wrote in a note to investors earlier today that it is increasingly likely that the company will not be the exclusive supplier of green host for Samsung's (SSNLF) next generation flagship smartphone, the Galaxy S4. After speaking with industry experts, the analyst believes that Samsung will use green host from both Universal Display and another vendor. Moreover, Iyer warned that Samsung plans to take steps, such as recycling and process optimization, that could prevent Universal Display's revenue from increasing by the same amount as sales of Samsung devices. Iyer, who also noted that the timing of the S4's launch has not yet been determined, reduced his price target on Universal Display to $16 from $18 and reiterated an Underweight rating on the stock. Shares of the company sank $3.15, or 9.5%, to $29.60 in mid-morning trading.
News For PANL From The Last 14 Days
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August 31, 2015
08:59 EDTPANLPangaea Logistics' MV Nordic Odin completes Panamex shipment
Pangaea Logistics Solutions announced that the MV Nordic Odin, which is operated by its subsidiary Nordic Bulk Carriers A/S, completed the first Panamax shipment of iron ore from Baffin Island, Canada to Europe through the arctic ice. The MV Nordic Odin, one of the Company's joint ventured owned 1A ice-class Panamax vessels sailed from Milne Port on August 12, 2015 and arrived at Gijon, Spain on August 23. Shipments from the new iron ore mine on Baffin Island to Europe will provide significant summer employment for the Company's ice-class fleet over the coming years.

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