Three years after Pfizer Inc. (NYSE:PFE) announced more than 1,000 layoffs that Gov. Dannel P. Malloy at the time called “terrible news,” the pharmaceutical company and the state said Wednesday they’ve come up with new uses for the Groton site. Malloy and top officials of his administration and Pfizer Inc (NYSE:PFE) said two vacant buildings on the company’s campus will be used for bioscience research and the storage of state data. Pfizer Inc (NYSE:PFE) said it will donate a building to be used as a business incubator, drawing entrepreneurs, scientists, startups and growing companies. Pfizer Inc. (NYSE:PFE) stock performance was 1.06% in last session and finished the day at $32.29. Traded volume was 21.62million shares in the last session and the average volume of the stock remained 27.00million shares. The beta of the stock remained 0.64. Pfizer Inc. (NYSE:PFE) insider ownership is 0.10%.
Mayor Ellen Dickson announced reappointment of Celia Colbert, who currently serves as board of education vice president. Colbert, former vice president of corporate strategic markets for Merck & Co. Inc. (NYSE:MRK) is expected to take over as board president in May. Merck & Co., Inc. (NYSE:MRK) rose 0.16 percent to $56.46 Wednesday on volume of 7.06million shares. The intra-day range of the stock was $56.05 to $56.56. Merck & Co., Inc. (NYSE:MRK) has a market capitalization of $166.03billion.
Medical and consumer products giant Johnson & Johnson (NYSE:JNJ) made a big splash this week by agreeing to sell its Ortho-Clinical Diagnostics business to The Carlyle Group (NASDAQ:CG). The diagnostics business, which Johnson & Johnson (NYSE:JNJ) founded in 1937, makes blood tests that screen for disease and contributed about 2.6% of JNJ’s revenue last year. Johnson & Johnson (NYSE:JNJ)’s stock on Apr 02, 2014 reported a increase of 0.30% to the closing price of $98.23. Its fifty two weeks range is $80.31 -$98.68. The total market capitalization recorded $277.88billion. The overall volume in the last trading session was 8.00million shares. In its share capital, JNJ has 2.83billion outstanding shares.
Bristol-Myers Squibb Company (NYSE:BMY) will announce results for the first quarter of 2014 on Tuesday, April 29, 2014. During a conference call at 9 a.m. EDT on April 29, company executives will review financial information and will address inquiries from investors and analysts. On Wednesday, shares of Bristol-Myers Squibb Co (NYSE:BMY) advanced 0.16% to close the day at $51.59. Company return on investment (ROI) is 10.70% and its monthly performance is recorded as -8.56%. Bristol-Myers Squibb Co (NYSE:BMY) quarterly revenue growth is -2.94%.