Netlist Losing Hype (NLST)
Netlist Inc. (NASDAQ: NLST) is losing its way. Last week was actually a very large surprise after seeing it rise after an apparent and false fall from grace. But maybe reality is setting in that stocks don’t usually rise from under $1.00 in the penny stock category up to over $7.00. It would be easy [...]
Coffee Merger Trifecta (DDRX, GMCR, PEET)
Diedrich Coffee, Inc. (NASDAQ: DDRX) is soaring on a ceffeinated buyout offer. Green Mountain Coffee Roasters, Inc. (NASDAQ: GMCR)) confirmed that it has submitted a proposal to acquire Diedrich Coffee for $30.00 per share in a transaction with a total enterprise value of approximately $247 million. Diedrich announced that its board of directors had determined [...]
Tech Data Challenging 52-Week High (TECD)
Tech Data Corp. (NASDAQ: TECD) beat earnings and is challenging 52-week highs. The technology and communications products distribution giant posted $0.84 EPS on a 9.5% drop in revenues to $5.64 billion. Estimates from Thomson Reuters were $0.71 EPS and $5.33 billion in revenues. The company it also sees Q4 sales higher in the low to [...]
Cephalon Misses Endpoints (CEPH)
Cephalon Inc. (NASDAQ: CEPH) is down sharply on news that it and privately-held Ception Therapeutics, Inc. did not meet some endpoints. Cephalon was halted, but shares are down 7.6% at $55.07 on 662,000 shares as of 8:40 AM EST. After shares were re-opened, the stock was down over 9%. Average volume is 1.9 million shares [...]
Chinese Stocks Chasing Agritech (SEED, YONG, FEED)
Origin Agritech Limited (NASDAQ: SEED) is so strong this morning on its modified corn approval that it is pulling up two virtually unknown Chinese stocks along with it:
Yongye International, Inc. (NASDAQ: YONG) is in the fulvic acid based liquid and powder nutrient compounds for plant and animal feed used in the agriculture industry in China. [...]
Origin Agritech New 52-Week Highs (SEED)
Origin Agritech Limited (NASDAQ: SEED) is not exactly a household name in America, but the company is deep in hybrid crop seeds in China. This weekend came the announcement: “Origin Agritech Announces Final Approval of World’s First Genetically Modified Phytase Corn”… Need say no more.
Shares are up 30% at $6.78 at 8:22 AM EST on [...]
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