Dendreon (NASDAQ:DNDN) Shares Soar
Shares of Dendreon (NASDAQ:DNDN) gained 16% in late morning trade Monday as investors responded enthusiastically to the biotechnology company’s Q4 results and its announcement it will make its Provenge prostate-cancer treatment commercially available in Germany and the U.K. The company reported a narrower-than-expected Q4 adjusted loss on revenue that was above Street estimates and saw its stock trade at $3.34 with 14.1 million shares changing … Continue reading Dendreon (NASDAQ:DNDN) Shares Soar
Stillwater Mining Company (NYSE:SWC) Jumps 3% in Early Trade
Stillwater Mining Company (NYSE:SWC) was higher nearly 3% in early trade after lifting its guidance for 2014, even as it swung to a Q4 loss on an impairment charge. The producer of palladium, platinum and other metals reported a Q4 loss of $0.65 per share compared to a profit of $0.13 the year earlier and, if comparable, missed the $0.06 average profit expected by analysts … Continue reading Stillwater Mining Company (NYSE:SWC) Jumps 3% in Early Trade
Stocks Down Slightly: BMS, SLGN, UL; Gold Futures Up: ANV, AU, GFI, SBGL, ABX
Bemis Co. (NYSE:BMS) said it will close its plant in Stow, Ohio, which is one of its Pressure Sensitive Materials manufacturing facilities, resulting in the loss of about 115 jobs. The company said it will take a pretax charge of about $30 million in 2014 related to the closure, which includes costs related to the settlement of a multi-employer pension liability, employee severance and benefit … Continue reading Stocks Down Slightly: BMS, SLGN, UL; Gold Futures Up: ANV, AU, GFI, SBGL, ABX
Earnings Movers – Exlservice Holdings Inc. (NASDAQ:EXLS), HCA Holdings, Inc. (NYSE:HCA), Corporate Resource Services (NASDAQ:CRRS)
Exlservice Holdings Inc. (NASDAQ:EXLS) rose 7.1% after the company reported Q4 earnings that beat analysts’ estimates. The consulting company said adjusted Q4 earnings increased 25% from a year earlier to $0.55 a share, exceeding estimates on Capital IQ of $0.49. Exlservice Holdings Inc. (NASDAQ:EXLS) had diluted earnings per share of $0.47 compared to $0.36 a year ago. Revenue grew 5.4% to $124.1 million, exceeding the consensus … Continue reading Earnings Movers – Exlservice Holdings Inc. (NASDAQ:EXLS), HCA Holdings, Inc. (NYSE:HCA), Corporate Resource Services (NASDAQ:CRRS)
Stock Making News on Monday: Osisko Mining (TSE:OSK.TO), Ford Motor Co. (NYSE:F), (NYSE:GG)
Canada-listed Osisko Mining (TSE:OSK.TO) said Monday it has reached an agreement with larger dual-listed rival Goldcorp Inc. (NYSE:GG) to settle a proceeding Osisko (TSE:OSK.TO) commenced against Goldcorp (NYSE:GG) in the Quebec Superior Court, which prompted GG shares to gain 2.5% in early Monday trading. Under the agreement, Osisko (TSE:OSK.TO) has agreed to provide Goldcorp (NYSE:GG) full due-diligence access to its business and assets immediately following the announcement of any … Continue reading Stock Making News on Monday: Osisko Mining (TSE:OSK.TO), Ford Motor Co. (NYSE:F), (NYSE:GG)
Tech Movers: Nokia Corporation (ADR) (NYSE:NOK), Tesla Motors Inc. (NASDAQ:TSLA), BlackBerry Ltd (NASDAQ:BBRY), Apple Inc. (NASDAQ:AAPL)
J.P. Morgan increased its target price on Tesla Motors Inc. (NASDAQ:TSLA) to $164, increased its estimates and set a “neutral” rating. The firm noted the Gigafactory should help cut battery costs. Tesla Motors Inc. (NASDAQ:TSLA) dropped -3.06% to $244.81 yesterday on volume of 24,825.00 shares. The intra-day range of the stock was $242.55 – $252.68. Tesla Motors Inc. (NASDAQ:TSLA) has a market capitalization of 30.06 … Continue reading Tech Movers: Nokia Corporation (ADR) (NYSE:NOK), Tesla Motors Inc. (NASDAQ:TSLA), BlackBerry Ltd (NASDAQ:BBRY), Apple Inc. (NASDAQ:AAPL)
