SIMG delighted their shareholders on Thursday, announcing that they would be raising their 2006 sales growth forecast. The stock responded favorably, rising over 18% to close the session at $10.86. Volume was heavy, with over 5.2 million shares of the stock changing hands, compared to a normal daily average of just over 1.1 million shares […]
ATYT traded down almost 12% on Thursday, after the company announced mixed Q3 results and warned that Q4 revenues would be lower than expected. For Q3, the company announced that it earned 16 cents per share, compared to analyst expectations of 15 cents per share. Revenues came in about 10 million light of expectations for […]
MERX jumped over 12% in heavy trading on Thursday, after the company posted better than expected Q4 results and gave a strong outlook for the first quarter. For Q4, the company earned 17 cents per share on revenues of $100.4 million dollars, comparing to analyst expectations of 14 cents per share of earnings on revenues […]
RSAS rocketed over 18% higher on Thursday, after rumors began running rampant that the company was poised to be bought out. These rumors became reality on Thursday evening, when EMC announced that they were going to offer RSAS shareholders $28 dollars per share for the company. The stock is up a further 18.88% in afterhours […]
ANDS took a beating on Monday, trading down over 44% after the company announced that it was suspending dosing of its hepatitis C treatment. The company, which is jointly developing the treatment with NVS, said that it makes sense to suspend the trial and analyze recently obtained data. Volume was extremely heavy on Monday, with […]
OSTK roared on Monday, trading up almost 17% to close the regular session at $23.02 after receiving an upgrade from Avondale Partners. Avondale Partners upgraded the stock from Market Underperform to a Market Outperform, citing rising customer satisfaction as one of the reasons why margins should improve in Q3 and possibly turn the company closer […]
GOOG made a statement loud and clear on Friday when they dumped their entire position in BIDU; watch out world, cause GOOG is going to dominate China. GOOG announced on Friday that it had sold its entire 2.6% stake in the company, and had realized a huge profit in the position. This move can’t be […]
Golf Galaxy was taking a hit as the retailer of golfing goods disappointed investors with its outlook. Sales for the first quarter rose to $82.5 million from $58.6 million a year ago, and earnings increased to $2.6 million, or 22 cents a share, from $1.7 million and 21 cents a share last year. Analysts […]
Source: Marketwatch
Take-Two Interactive Software Inc. late Thursday reported its fiscal second-quarter loss grew five-fold despite higher sales, as the company said it is taking steps to cut costs and consolidate resources amid an industry transition period that continues to challenge video game publishers.
TTWO sold off 15% to $14.30 in after-hours trade, as the company […]
FNSR had a very rough day on Thursday, trading down almost 25% to close the session at $3.36 after the company reported their Q4 earnings. The stock opened weak and continued down throughout the day, opening at $3.85 and eventually closing at $3.36 after touching an intraday low of $3.20. Even though the company reported […]