Monday Stock Movers – Cooper Tire & Rubber (NYSE:CTB), VirnetX Holding (NYSEMKT:VHC), Apple (NASDAQ:AAPL)
Cooper Tire & Rubber (NYSE:CTB) is down 8.2% to $22.79 per share after Q3 results showed a $29 million reduction in operating profit due to July/August work stoppages at the CCT joint venture and manufacturing inefficiencies. The company reported a Q3 net loss of $168,000 in Q3 compared to a net profit of $74 million in the same period last year. Net sales were $832 … Continue reading Monday Stock Movers – Cooper Tire & Rubber (NYSE:CTB), VirnetX Holding (NYSEMKT:VHC), Apple (NASDAQ:AAPL)
Medical Stocks in the News: Celldex Therapeutics (NASDAQ:CLDX), NeuroMetrix (NASDAQ:NURO)
Celldex Therapeutics (NASDAQ:CLDX) is lower Monday afternoon after its net loss widened and revenue declined compared to the year-ago period. Results were better than Wall Street’s expectations but could not fend off sellers. In early afternoon action, shares of the biopharmaceutical company are down 11% at $26.15 and traded earlier as low as $25.76. The stock moves within a 52-week range of $9.13 – $38.84. Celldex … Continue reading Medical Stocks in the News: Celldex Therapeutics (NASDAQ:CLDX), NeuroMetrix (NASDAQ:NURO)
Magna International (NYSE:MGA) Stock Reaches All Time High; Pacific Ethanol (NASDAQ:PEIX) Surges
Magna International (NYSE:MGA) shares reached their all-time high Monday after the company reported improved Q4 financial results and said it expects fiscal 2014 revenue about in line with estimates. Near midday, Magna International (NYSE:MGA) shares are up 2.5% at $91.32, and earlier hit a record high of $92.42. The automotive supplier reported Q4 earnings of $2.03 per share, compared with the prior-year period’s $1.49 per share. … Continue reading Magna International (NYSE:MGA) Stock Reaches All Time High; Pacific Ethanol (NASDAQ:PEIX) Surges
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
