24/7 Wall St. » Market Roundups

Icahn Buys Nearly 13% of Herbalife (HLF)

Douglas A. McIntyre — Thu, 14 Feb 2013 22:51:53 +0000

Carl Icahn filed documents with the SEC which show he owns just short of 13% (12.98%) of Herbalife (NYSE: HLF). The news pushed shares up by as much as 20% after hours.

The actual parties holdings the stock include Icahn Enterprises G.P. Inc

Herbalife has been wrecked by accusations that it is a Ponzi operation, which has drawn the attention of federal regulators.

Filed under: 24/7 Wall St. Wire, Market Roundups Tagged: HLF

Today’s Market Winners and Losers

Samuel Weigley — Mon, 28 Jan 2013 15:23:42 +0000

The stock market is down Monday, with the Dow Jones Industrial Average down 0.20%, the Nasdaq down 0.04% and the S&P 500 down 0.39%. Today’s sole winner is a pharmaceutical company with a kidney drug that passed a trial, and today’s sole loser announced that its yearly profit will fall short of prior estimates.

This is today’s market winner and loser.

Biggest Winner

Shares of Keryx Biopharmaceuticals Inc. (NASDAQ: KERX) are up 41.40% to $4.85 on trading volume of 10.7 million shares. A kidney disease drug the company is trying to get on the market has passed a late-stage trial. The 52-week high is $5.19.

Biggest Loser

Shares of Jos. A Bank Clothiers Inc. (NASDAQ: JOSB) are down 16.25% to $38.75 on trading volume of 1.7 million shares. The company announced that 2012 profit will fall 20% compared to the prior year because of warmer-than-usual weather and U.S. political unease. Before Monday, the 52-week low was $39.54.

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: JOSB, KERX

Today’s Market Winners and Losers

Samuel Weigley — Thu, 24 Jan 2013 16:08:01 +0000

Thursday’s stock market is mixed, with the Dow Jones Industrial Average up 0.58%, the Nasdaq down 0.17% and the S&P 500 up 0.50%. Today’s winners include an online streaming company and a transportation firm reporting strong fourth-quarter earnings. Meanwhile, both of today’s losers reported disappointing fourth-quarter results.

These are Thursday’s market winners and losers.

Biggest Winners

Shares of Netflix Inc. (NASDAQ: NFLX) are up 36.94% to $141.41 on trading volume of 8.1 million shares. The company reported fourth-quarter earnings of $0.13 a share, better than the $0.13 per share net loss Wall St. analysts polled by Thomson Reuters expected. Before Thursday, the 52-week high was $133.43.

Shares of Swift Transportation Co. (NYSE: SWFT) are up 21.31% to $12.41 on trading volume of 6.1 million shares. The company reported fourth-quarter earnings of $0.34 a share, better than the $0.26 a share Wall St. analysts expected. The 52-week high is $12.82.

Biggest Losers

Shares of Apple Inc. (NASDAQ: AAPL) are down 9.82% to $463.02 on trading volume of 26.6 million shares. The company reported the slowest profit growth since 2003 for the fourth-quarter and the weakest revenue growth in more than three years. The 52-week low is $443.14.

Shares of ITT Educational Services Inc. (NYSE: ESI) are down 8.94% to $13.04 on trading volume of 1.6 million shares. Sales at the for-profit educator slid 18% for the fourth-quarter as new enrollment declined by 11%. Before Thursday, the 52-week low was $13.90.

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: AAPL, ESI, NFLX, SWFT

Today’s Market Winners and Losers

Samuel Weigley — Thu, 17 Jan 2013 15:46:05 +0000

The stock market is up Thursday, with the Dow Jones Industrial Average up 0.47%, the Nasdaq up 0.48% and the S&P 500 up 0.43%. Today’s winners include a shoe company getting purchased and a media conglomerate spinning off one of its divisions. Today’s only loser is a solar energy firm that announced unexpectedly it would likely post a loss for the fourth quarter.

These are Thursday’s market winners and loser.

Biggest Winners

Shares of K-Swiss Inc. (NASDAQ: KSWS) are up 48.12% to $4.72 on trading volume of 19.9 million shares. E. Land World Ltd, an apparel distributor based in South Korea, will buy the shoemaker for $4.75 a share. Before Thursday, the 52-week high was $4.59.

Shares of CBS Corp. (NYSE: CBS) are up 10.31% to $41.85 on trading volume of 11.8 million shares. The company announced it was converting its billboard advertising division into a real estate investment trust (REIT). Before Thursday, the 52-week high was $39.77.

Biggest Losers

Shares of Power-One Inc. (NASDAQ: PWER) are down 11.06% to $3.86 on trading volume of 1.7 million shares. The solar energy company predicts it will lose $12 million to $15 million in the fourth quarter, despite analysts prior predictions of a $11.2 million profit. The 52-week low is $3.51.

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CBS, KSWS, PWER

Today’s Market Winners and Losers

Samuel Weigley — Wed, 16 Jan 2013 15:44:46 +0000

The stock market is mixed Wednesday, with the Dow Jones Industrial Average down 0.25%, the Nasdaq up 0.16% and the S&P 500 up 0.09%. Today’s sole winner is a financial company moving away from its mortgage-insurance business, while today’s sole loser is an energy firm whose major investors sold a significant number of the company’s shares.

This is Wednesday’s market winner and loser.

Biggest Winner

Shares of Genworth Financial Inc. (NYSE: GNW) are up 10.09% to $8.95 on trading volume of 14.2 million shares. The company plans on distancing itself from its mortgage insurance unit by setting up a new parent company to move the unit away from more profitable units, Genworth announced Wednesday. The 52-week high is $9.68.

Biggest Loser

Shares of Cobalt International Energy Inc. (NYSE: CIE) are down 5.87% to $25.18 on trading volume of 13.6 million shares. A group of backers, including Goldman Sachs Group Inc. (NYSE: GS) and The Carlyle Group L.P. (NASDAQ: CG), sold 40 million shares worth more than $1 billion on Tuesday. The 52-week low is $20.00.

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CG, CIE, GNW, GS

Searching for Profits: Top Ticker Searches for 2012

Paul Ausick — Mon, 31 Dec 2012 18:05:57 +0000

Some of the biggest business stories of the past year drew the most Internet search traffic to the newsmakers, which is really no big surprise. Whether just for curiosity or for help in making an investment decisions, here are the companies that drew the most searches in 2012 according to the folks at Yahoo! Finance:

Apple Inc. (NASDAQ: AAPL) — Shares up 30% on the year, even given swoon that started in September.

Facebook Inc. (NASDAQ: FB) — The botched IPO of the year without question. Still, with 1 billion users — and continued support from the lead underwriters — have brought the shares back from a low below $20.

Zynga Inc. (NASDAQ: ZNGA) — Stock is down 75% this year as Zynga’s relationship with Facebook changed. Real-money gambling is on the horizon, at least in Nevada, and that’s helping keep the stock off recent lows.

First Solar Inc. (NASDAQ: FSLR) — The bellwether of the solar industry. Once a growth stock that topped $300 a share, it now trades like a cult stock, with nearly 5 million shares a day trading hands at around 10% of its past peak.

Arena Pharmaceuticals Inc. (NASDAQ: ARNA) — A boomer this year, following FDA approval of its weight loss drug. Shares now trade more than four times higher than they did in January 2012.

Groupon Inc. (NASDAQ: GRPN) — Another social media stock that has taken its lumps this year. From a high of more than $25 a share to a current price below $5.

Vivus Inc. (NASDAQ: VVUS) — Received approval for its weight loss drug this year as well, but sales have not lived up to expectations. Shares are down more than 50% from their annual peak.

American International Group Inc. (NYSE: AIG) — A testament to the bank bailout program initiated under the Bush administration and continued under Obama’s watch. Shares are up more than 50% in 2012.

Alpha Natural Resources Inc. (NYSE: ANR) — Bankrupt Patriot Coal Co. aside, Alpha has been the hardest hit of the nation’s coal miners this year, down about 65%. Low natural gas prices have decimated the industry and despite hopeful noises from the miners, 2013 could be just as tough a year.

Westport Innovations Inc. (NASDAQ: WPRT) — This is one of those clean-energy plays that generated a lot of enthusiasm and not a lot of profit. Shares are down nearly 50% from their annual peak.

Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) — The maker of the Keurig single-cup coffee brewing system spent a good part of the year in the looming shadow of a competing product from …

Starbucks Corp. (NASDAQ: SBUX) — The king of the $5 cup of coffee is testing a $7 cup. Our guess is that customers will pay for it.

ProShares Ultra VIX Short-term Futures ETF (NYSEMKT: UVXY) — When nothing but a bet against the current market trend will do.

Paul Ausick

Filed under: 24/7 Wall St. Wire, Internet, Market Roundups, Research Tagged: AAPL, AIG, ANR, ARNA, FB, featured, FSLR, GMCR, GRPN, SBUX, UVXY, VVUS, WPRT, ZNGA

Today’s Market Winners and Losers

247sam — Tue, 27 Nov 2012 15:28:40 +0000

The stock market is down Tuesday, with the Dow Jones Industrial Average down 0.24%, the Nasdaq down 0.26% and the S&P 500 down 0.23%. Today’s winners include a pharmaceutical firm which reported positive drug-test results and a food company getting bought by a rival firm. Today’s losers include a biotechnology company that resumed trading following a company disaster and an oil driller whose well development is taking longer than anticipated.

These are Tuesday’s biggest winners.

Biggest Winners

Shares of ACADIA Pharmaceuticals Inc. (NASDAQ: ACAD) are up 142.61% to $5.58 on trading volume of 22.7 million shares. The company’s drug experiment to help patients with psychosis related to Parkinson’s disease was found to be effective. Before Tuesday, the 52-week high was $3.06.

Shares of Ralcorp Holdings Inc. (NYSE: RAH) are up 26.37% to $88.75 on trading volume of 20.4 million shares. ConAgra Foods Inc. (NYSE: CAG) has agreed to purchase Ralcorp for $6.8 billion, including debt. The 52-week high is $89.86.

Biggest Losers

Shares of Neptune Technologies & Bioresources, Inc. (NASDAQ: NEPT) are down 29.31% to $2.34 on trading volume of 2.4 million shares. Trading for this company began resuming Tuesday after it was halted for two weeks following an explosion at a Canada-based plant. The 52-week low is $2.18.

Shares of McMoRan Exploration Co. (NYSE: MMR) are down 22.70% to $7.46 on trading volume of 10 million shares. The oil and natural gas driller continues its drop after it announced that development of one of its wells its taking longer than initially expected. Before Tuesday, the 52-week low was $7.76.

Samuel Weigley

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: ACAD, CAG, MMR, NEPT, RAH

Today’s Market Winners and Losers

247sam — Tue, 13 Nov 2012 15:41:46 +0000

The stock market is mixed Tuesday, with the Dow Jones Industrial Average up 0.11%, the Nasdaq down 0.37% and the S&P 500 up 0.05%. Today’s sole winner reported earnings that fell in line with Wall St. analysts, while third-quarter financial for both of today’s losers missed consensus expectations.

These are Tuesday’s winner and losers.

Biggest Winner

Shares of Galena Biopharma Inc. (NASDAQ: GALE) are up 12.21% to $1.57 on trading volume of 1.8 million shares. Although the company reported a net loss of $0.09 per share, the numbers fell in line with analyst expectations. The 52-week high is $3.54 per share.

Biggest Losers

Shares of Tronox Inc. (NYSE: TROX) are down 18.11% to $15.33 on trading volume of 5.0 million shares. The company reported third-quarter sales of $487.3 million, worse than the $532.1 million analysts were expecting. Before Tuesday, the 52-week low was $17.37 per share.

Shares of Weatherford International Ltd. (NYSE: WFT) are down 12.09% to $9.56 on trading volume of 15.2 million shares. The oilfield services provider reported quarterly sales of $3.82 billion, below the $3.90 billion consensus estimate. Before Tuesday, the 52-week low was $10.59 per share.

Samuel Weigley

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: GALE, TROX, WFT

Today’s Market Winners and Losers

247sam — Mon, 12 Nov 2012 16:12:08 +0000

The stock market is down Monday, with the Dow Jones Industrial Average down 0.08%, the Nasdaq down 0.02% and the S&P 500 down 0.01%. Today’s winners include two companies getting bought out and a pharmaceutical company reporting strong results for a late-stage drug trial. Today’s losers include a health company short on cash and a pharmaceutical firm with poor results on a late-stage drug trial.

These are Monday’s market winners and losers.

Biggest Winners

Shares of Titanium Metals Corp. (NYSE: TIE) are up 42.18% to $16.45 on trading volume of 18.7 million shares. Precision Castparts Corp. (NYSE: PCP) will buy Titanium Metals for $2.9 billion. The 52-week high is $16.53.

Shares of Gilead Sciences Inc. (NASDAQ: GILD) are up 11.94% to $72.77 on trading volume of 10.4 million shares. The company reported that its Hepatitis C drug program notched a 100% cure rate in a late-stage trial. Before Monday, the 52-week high was $70.39.

Shares of Jefferies Group Inc. (NYSE: JEF) are up 11.84% to $15.96 on trading volume of 8.9 million shares. Leucadia National is buying the investment bank for roughly $2.6 billion in stock. The 52-week high is $19.82.

Biggest Losers

Shares of Clovis Oncology Inc. (NASDAQ: CLVS) are down 33.46% on trading volume of 2.1 million shares. The company announced that its pancreatic cancer drug failed a late-stage trial. The 52-week low is $11.45.

Shares of Star Scientific Inc. (NASDAQ: STSI) are down 24.26% to $1.94 on trading volume of 4.6 million shares. The company announced it was running low on cash and it could run out before the end of the 2013 first quarter. The company also said it only received $5 million in cash from RJ Reynolds tobacco in regards to a lawsuit over patents. Before Monday, the 52-week low was $2.10.

Samuel Weigley

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CLVS, GILD, JEF, PCP, STSI, TIE

Today’s Market Winners and Losers

247sam — Thu, 08 Nov 2012 16:01:46 +0000

The stock market is down Thursday, with the Dow Jones Industrial Average down 0.23%, the Nasdaq down 0.18% and the S&P 500 down 0.16%. Today’s winners include a pharmaceutical company that is getting bought out and a biotechnology company beating earnings expectations. Today’s losers are both pharmaceutical companies — one reported poor results for a drug trial and another reported weak third-quarter earnings.

These are Thursday’s market winners and losers.

Biggest Winners

Shares of DUSA Pharmaceuticals Inc. (NASDAQ: DUSA) are up 38.04% to $7.98 on trading volume of 4.4 million shares. Sun Pharmaceutical Inc. will buy the dermatology company for $230 million. Before Thursday, the 52-week high was $7.33.

Shares of InterMune Inc. (NASDAQ: ITMN) are up 15.32% to $9.41 on trading volume of 2.1 million shares. Although the biotechnology company lost 70 cents a share in the third quarter, it was better than the 90 cents a share that Wall St. analysts had estimated. The 52-week high is $21.90.

Biggest Losers

Shares of Catalyst Pharmaceutical Partners Inc. (NASDAQ: CPRX) are down 60.22% to 58 cents on trading volume of 5.5 million shares. The company announced that its clinical trial for a drug to help treat cocaine addiction failed to meet its goal. The 52-week low is 50 cents.

Shares of Savient Pharmaceuticals Inc. (NASDAQ: SVNT) are down 19.29% to $1.13 on trading volume of 1.5 million shares. The company reported a loss of 56 cents a share, worse than the 48 cents a share Wall St. had expected. The 52-week low is 48 cents.

Samuel Weigley

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Filed under: 24/7 Wall St. Wire, Market Roundups, Most Actives Tagged: CPRX, DUSA, ITMN, SVNT