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Stock Market & Financial Investment News

News Breaks
June 24, 2014
09:23 EDTOHRP, MU, RDEN, GOOG, KNOP, SAIC, WAG, WWWW, GIGA, XGTI, VRTXOn The Fly: Pre-market Movers
HIGHER: Vertex (VRTX), up 48% after Phase 3 studies of Lumacaftor/Ivacaftor met primary endpoint... xG Technology (XGTI), up 65% after teaming up with Science Applications International (SAIC) to provide services to CERDEC... Micron (MU), up 1% after upgraded at Needham following better than anticipated Q3 earnings. LOWER: Web.com (WWWW), down 9.3% after downgraded at B. Riley following Google's (GOOG) entrance into domain registration... Elizabeth Arden (RDEN), down 7.6% after Chief Marketing Officer resigns, company announces restructuring... Walgreens (WAG), down 1% after reporting lower than expected Q3 earnings and saying it is experiencing increased pressure on pharmacy gross profit margins... Giga-tronics (GIGA), down 14.5% after Q4 results are lower than analyst's expectations... KNOT Offshore Partners (KNOP), down 7.4% after filing to sell 4.6M common units... Ohr Pharmaceuticals (OHRP), down 12.3% after the company said that there were no significant differences in the frequency of Lucentis PRN injections, which was the primary endpoint of its Squalamine eye drop Phase II study.
News For WWWW;GOOG;VRTX;WAG;RDEN;XGTI;SAIC;MU;GIGA;KNOP;OHRP From The Last 14 Days
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May 18, 2015
07:59 EDTGOOGGoogle Buy button a natural fit for mobile shopping listings, says Baird
Baird noted Google added a Buy button to accompany mobile product listings and believes it will improve the company's e-commerce search competitiveness. Baird reiterated its Outperform rating and $690 price target on Google shares.
May 17, 2015
18:56 EDTGOOGGoogle to feature 'buy' button in sponsored search results, WSJ says
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16:50 EDTGOOGWhite House wavers on backing Google, Oracle in copyright suit, Reuters says
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13:46 EDTVRTXVertex reports Orkambi data, says 'significant improvements' in primary endpoint
Vertex Pharmaceuticals announced that the New England Journal of Medicine published data from the two phase 3 studies of Orkambi, or lumacaftor/ivacaftor, a medicine designed to treat the underlying cause of cystic fibrosis in people ages 12 and older with two copies of the F508del mutation. In November 2014, Vertex submitted an NDA to the FDA for the combination of lumacaftor and ivacaftor. On May 12th, the FDA’s Pulmonary Allergy Drugs Advisory Committee voted 12-1 to recommend approval of Orkambi for people ages 12 and older with two copies of the F508del mutation. The FDA is expected to make a decision by July 5. The New England Journal reports that the studies enrolled 1108 patients who underwent randomization and received Orkambi. In both studies, there were significant improvements in the primary end point in both lumacaftor–ivacaftor dose groups. The difference between active treatment and placebo with respect to the mean absolute improvement in the percentage of predicted FEV ranged 2.6%-4%, which corresponded to a mean relative treatment difference of 4.3 to 6.7%. Pooled analyses showed that the rate of pulmonary exacerbations was 30%-39% lower than in the placebo group. The rate of events leading to hospitalization or the use of intravenous antibiotics was also lower. The incidence of adverse events was generally similar to the placebo group.
May 15, 2015
16:28 EDTGOOG, MUAppaloosa Management gives quarterly update on stakes
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16:07 EDTXGTIxG Technology reports Q1 EPS (15c), one estimate (8c)
Reports Q1 revenue $584K, one estimate $600K.
16:01 EDTMUOptions Update; May 15, 2015
iPath S&P 500 VIX Short-Term Futures down 20c to 20.06 Option volume leaders: AAPL BAC FB NFLX TWTR BABA CSCO TSLA MU GILD T MSFT AMZN MCD
10:40 EDTMUStocks with call strike movement; MU AMAT
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09:31 EDTVRTXAmerican Thoracic Society to hold a conference
ATS 2015 Conference is being held in Denver on May 15-20.
08:46 EDTGOOGMobile operators ad blocking plan sets up fight with Google, FT reports
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08:44 EDTMUMicron estimates lowered on weaker pricing at Nomura
Nomura lowered Micron estimates due to on-going softness in pricing due to the persistent weak PC backdrop. The firm lowered its August quarter earnings estimate to 61c from 75c, 2015 earnings estimate to $2.83 from $3.33, and 2016 to $3.33 from $3.75. Shares are Neutral rated with a $25 price target, down from $28.
08:16 EDTMUSamsung not engaged in DRAM price war with Micron, says Jefferies
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07:22 EDTGOOGGoogle's self-driving cars to roll out in California this summer, Re/code says
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06:24 EDTGOOGGoogle Glass team may be focusing on multiple wearable products, BI reports
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May 14, 2015
19:04 EDTGOOGMicrosoft announces mobile-friendly search result changes
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12:03 EDTGOOGVringo seeks Supreme Court review of reversal of judgment against Google
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11:01 EDTGOOGADT Corp. announces product integration with Google's Nest
ADT (ADT) announced today a product integration with Nest (GOOG). Launching this summer, the integration will be another example of ADT’s continued desire to open up its ecosystem, paving the way for future opportunities.
09:34 EDTGOOGActive equity options trading on open
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07:05 EDTXGTIxG Technology awarded new patent for mitigating interference in wireless system
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06:09 EDTGOOGGoogle's PR chief Whetstone leaves for Uber, WSJ reports
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