Category: Stock Movers

Stock Movers

Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Bank of America (NYSE:BAC) is trading higher after-hours after reporting that it has reached a settlement with the Federal Housing Finance Agency (FHFA) resolving four lawsuits FHFA filed against Bank of America, Countrywide, and Merrill Lynch entities beginning in September 2011, alleging they falsely represented that the underlying mortgage loans complied with certain standards. Per the agreement, Bank of America (BAC) will make cash payments … Continue reading Bank of America Trading Near 52-Week High on Settlement with Federal Housing Finance Agency

Chris Lewis
Stock Movers

Financial Stocks On the Move: Wells Fargo (NYSE:WFC), Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM)

Reports are out this morning that Wells Fargo (NYSE:WFC) is being accused by New York attorney general of fabricating foreclosure documents. Despite this the company’s shares are up 1.54% nearing the top end of the 52-week range. The company has a dividend yield of 1.20 and a price to earnings ration of 12.35. Wells Fargo (NYSE:WFC) has an EPS of 3.98. Bank of America Corporation … Continue reading Financial Stocks On the Move: Wells Fargo (NYSE:WFC), Bank of America Corporation (NYSE:BAC), JPMorgan Chase & Co. (NYSE:JPM)

Richard Atkins
Stock Movers

Lihua (NASDAQ:LIWA) Up 3% in Pre-Market on 2014 Earnings Outlook

Shares in Lihua International (NASDAQ:LIWA) were up nearly 3% in recent pre-market trading on Monday after the electric components and equipment company said it expects year-over-year improvement of 3% to 6.6% in its non-GAAP earnings for 2014. Q4 2013 results, however, declined from last year. Sales for the quarter were $217.3 million, resulting in net income of $13.2 million, or $0.44 per share. Non-GAAP net … Continue reading Lihua (NASDAQ:LIWA) Up 3% in Pre-Market on 2014 Earnings Outlook

Adam Keintzel
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Stock Movers

After-Hours Movers: HudBay Minerals (NYSE:HBM), Digirad Corporation (NASDAQ:DRAD), Measurement Specialties (NASDAQ:MEAS)

HudBay Minerals (NYSE:HBM) announced that it has acquired 10,127,500 common shares of Panoro Minerals Ltd. at a purchase price of C$0.28 per Share for total consideration of C$2,835,700. The shares acquired by Hudbay (NYSE:HBM)were purchased over the TSX Venture Exchange pursuant to a private agreement and represent approximately 4.9% of the issued and outstanding Shares. As a result of the investment, Hudbay (HBM) now owns … Continue reading After-Hours Movers: HudBay Minerals (NYSE:HBM), Digirad Corporation (NASDAQ:DRAD), Measurement Specialties (NASDAQ:MEAS)

Mark Doerr
Stock Movers

Court Decision Halts Pfizer (NYSE:PFE) Trading; RAD, RTIX, SCTY

Pzifer(NYSE:PFE)’s stock was halted in afternoon trade following the announcement that the United States District Court for the Eastern District of Virginia granted summary judgment invalidating the reissue patent (U.S. Patent No. RE44,048), covering methods of treating osteoarthritis and other approved conditions with celecoxib, the active ingredient in Celebrex®. Pfizer (PFE) disagrees with the ruling and will pursue all available remedies, including an immediate appeal of the … Continue reading Court Decision Halts Pfizer (NYSE:PFE) Trading; RAD, RTIX, SCTY

Chris Lewis
Analysis, Stock Movers

After Market Losers: Horizon Technology Finance (NASDAQ:HRZN), Caesars Entertainment (NASDAQ:CZR), Walter Energy (NYSE:WLT), Vipshop Holdings Ltd. (NYSE:VIPS)

Horizon Technology Finance (NASDAQ:HRZN) is lower in late trading after the company reported mixed financial results for Q4. Shares are down 0.57% at $14.02, with a 52-week range of $12.77 – $15.51. The closed-end, non-diversified management investment company reported Q4 net investment income of $0.35 per share, compared with the prior-year period’s $0.36 per share. Horizon Technology Finance (HRZN) revenue was $8.78 million, up from … Continue reading After Market Losers: Horizon Technology Finance (NASDAQ:HRZN), Caesars Entertainment (NASDAQ:CZR), Walter Energy (NYSE:WLT), Vipshop Holdings Ltd. (NYSE:VIPS)

Chris Lewis