Pre-Market Stock News (November 19, 2007)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

Below is the top pre-market news that 24/7 Wall St. is looking at today:

  • Knight Capital (NITE) is acquiring EdgeTrade inc. for $29.5 million cash and 2.3 million shares of common stock.
  • Lowe’s (LOW) 0.43 vs 0.41 est, but lowered guidance for next quarter.
  • Melco PBL (MPEL) trading lower after Barron’s noted that Macau casinos are bubble valuations.
  • Natrol (NTOL) being acquired by Plethico Pharmaceuticals for $4.40 per share.
  • Pharmion (PHRM) being acquired for $72.00 by Celgene.
  • Quanex (QX) is Spinning-off its building products unit and will merge the remaining company with Gerdau at $39.20 per share.
  • Radvision (RVSN) former chairman has bought roughly $2 million in stock.
  • Tween Brand (TWB) $0.46 EPS as expected, but lowered guidance.
  • Western Union (WU) renewed its agreement with Kroger.
  • Wynn Resorts (WYNN) trading lower after Barron’s noted that Macau casinos are bubble valuations.
  • Xerox (XRX) is resuming its quarterly dividend as part of its ongoing perpetual turnaround plan.

Jon C. Ogg
November 19, 2007

Jon Ogg produces the 24/7 Wall St. Special Situation Investing Newsletter; he does not own securities in the companies he covers.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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