Author: John Meady

Services Sector, Stock Movers, Tech IPO

After-Market News: WAIR, GME, CADX, DVA

Wesco Aircraft Holdings Inc. (NYSE:WAIR) has closed on its purchase of Haas Group Inc., a privately held supply-chain management firm previously owned by The Jordan Company LP. WAIR funded the $550 million transaction using proceeds from a new, $525 million syndicated term loan added to the company’s existing senior secured credit facilities as well as a $40 million draw under WAIR’s revolving credit facility and … Continue reading After-Market News: WAIR, GME, CADX, DVA

John Meady
BioTech, Finance, news

Pharma in Focus: CLIR, CGEN, GALE

ClearSign Combustion Corporation (NASDAQ:CLIR) said it agreed to sell $6.5 million of its common stock to certain institutional investors at $8.00 each, a 9% discount to Thursday’s closing price. The company will sell 812,500 shares and will use the net proceeds for research and development, protection of intellectual property, business development and marketing, and for working capital. The company designs technology to improve the efficiency … Continue reading Pharma in Focus: CLIR, CGEN, GALE

John Meady
FB Nasdaq FB Facebook
Analysis, Stock Movers

Amazon.com (NASDAQ:AMZN) Gains on Reports it’s Considering Offering Free Music to Prime Customers

Amazon (NASDAQ:AMZN) stock rose 1.2% on Friday on a report saying the online reis investigating giving its Prime subscription customers free music as it does with movies and television shows. Tech news site Recode reports industry sources say the online retailer is engaged in serious talks with big music labels as the company considers rolling out a Spotify-like music service to be offered to Prime … Continue reading Amazon.com (NASDAQ:AMZN) Gains on Reports it’s Considering Offering Free Music to Prime Customers

John Meady
Stock Movers

Why Ampio Pharmaceuticals (NYSEMKT:AMPE) Shares are Dropping This Morning

Shares of Ampio Pharmaceuticals (NYSEMKT:AMPE) fell in Friday’s pre-market session, after the biopharmaceutical company priced a public offering of 8.5 million shares at $7 per share, a 12% discount to the stock’s Thursday closing price. The shares were off 6.2% at $7.45 in recent pre-market trading. They have a 52-week range of $3.75 to $10.86. Net proceeds of the offering are expected to be approximately … Continue reading Why Ampio Pharmaceuticals (NYSEMKT:AMPE) Shares are Dropping This Morning

John Meady
Earnings, Stock Movers

Pre-Market Watchlist: DRQ, CGEN, OVTI, BVN, AMAP

Dril-Quip, Inc. (NYSE:DRQ), which makes engineered offshore drilling and production equipment, said net income rose to $47.1 million, or $1.15 per diluted share, from $31.0 million, or $0.76 per diluted share, beating analysts’ estimates by one cent, according to Capital IQ. The company said the Q4 results for 2013 results were hit by an after-tax foreign exchange loss of $2.3 million, or $0.06 per diluted … Continue reading Pre-Market Watchlist: DRQ, CGEN, OVTI, BVN, AMAP

John Meady
Analysis, Consumer Goods

Thursday Market Movers: J.C. Penney Company, Inc. (NYSE:JCP), Mylan (NASDAQ:MYL)

Shares of J.C. Penney Company, Inc. (NYSE:JCP) have soared almost 27% in pre-market trade to $7.55 after the company reported Q4 results during yesterday’s after-hours session that topped analyst expectations. JCP reported earnings per share losses of $0.68 for the quarter, compared to analyst forecasts of losses of $0.76 per share. The retailer also reported Q4 net income of $35 million, or $0.11 per share, … Continue reading Thursday Market Movers: J.C. Penney Company, Inc. (NYSE:JCP), Mylan (NASDAQ:MYL)

John Meady