Tuesday, October 31, 2006
First quarter earnings surged for WMS Industries Inc. (WMS) prompting the company to lift its full year forecast. The stock price jumped $4.28 to close at $35.33.
Avanir Receives Approval Letter
Avanir Pharmaceuticals (AVNR) received an approvable letter from the Food and Drug Administration rather than an outright approval for its emotional expression disorder treatment. The stock price plummeted $3.42 to close at $3.98.
Merck To Buy Sirna
Merck & Co. Inc.(MRK) agreed to buy the biotech firm Sirna Therapeutics Inc. (RNAI) for $1.1 billion or $13 a share. Sirna stock nearly doubled by jumping $6.18 to close at $12.63 while Merck stock eased 22 cents to close at $45.42.
Monolithic Swings To Loss
Monolithic Power Systems Inc. (MPWR) swung to a third quarter loss and lowered its fourth quarter outlook sending the stock price tumbling $1.92 to close at $10.04.
Trammell Crow Sells Itself To CB Richard
Trammell Crow Co. (TCC) will be sold to competitor CB Richard Ellis Group Inc. (CBG) for approximately $1.79 billion. Shares of Trammell Crow leaped $9.65 to close at $48.75 while CB Richard Ellis stock rose $1.81 to close at $30.03.
Intevac Beats Expectations
Intevac Inc. (IVAC) reported higher third quarter earnings that beat expectations prompting upgrades. The stock price soared $3.84 to close at $20.68.
Monday, October 30, 2006
Earnings Rise For Gehl
Gehl Co. (GEHL) posted higher earnings due to strong international construction equipment sales that offset a weaker North American market. The stock price rose $2.29 to close at $29.50.
GE To Purchase Trustreet
General Electric Co. (GE) announced plans to buy fast food REIT Trustreet Properties Inc. (TSY) for $1.15 billion lifting shares of Trustreet $4.46 to close at $16.97. GE stock eased a penny to close at $35.20.
American Power May Be Bought
American Power Conversion Corp. (APCC) was the target of a takeover bid by Schneider Electric for $31.00 per share in cash or about $6.1 billion sending the stock price surging $6.26 to close at $30.02.
Alpha Natural Cuts Forecast
Alpha Natural Resources Inc. (ANR) cut its fiscal 2006 forecast sending the stock price tumbling $1.34 to close at $15.42.
Mixed Results For Emisphere Trial
A midstage trial of Emisphere Technologies Inc.'s (EMIS) diabetes treatment produced mixed results sending the stock price down $2.11 to close at $6.77.
Point Therapeutics Reports Positive Results
Point Therapeutics Inc. (POTP) reported positive results for talabostat in an osteosarcoma model. Shares of the biopharmaceutical gained 24 cents to close at $1.49.
Friday, October 27, 2006
Nextest Warns Of Slowdown
Nextest Systems Corp. (NEXT) reported higher revenues and earnings, but warned of a slowdown in the flash memory market sending the stock price tumbling $2.22 to close at $10.78.
Profit Falls For Georgia Gulf
Despite higher sales, Georgia Gulf Corp. (GGC) reported lower profits due to higher raw material costs. The stock price plunged $4.99 to close at $21.93.
Hittite's Forecast Disappoints
While Hittite Microwave Corp.'s (HITT) third quarter results impressed, the company forecast disappointing fourth quarter revenue sending the stock price plummeting $6.42 to close at $36.25.
Mannatech Being Investigated
Mannatech Inc. (MTEX) is being investigated by the Texas Attorney General for unproven health claims the company has made regarding its nutritional supplements sending the stock price plunging $2.96 to close at $14.94.
Volcom's Revenue Rises
Third quarter revenue rose for Volcom Inc. (VLCM) prompting the company to lift its full year forecast. The stock price surged $3.32 to close at $31.74.
Positive Results For Vertex
Vertex Pharmaceuticals Inc. (VRTX) reported positive results in early stage clinical trials for its hepatitis C medication VX-950. The stock price jumped $6.09 to close at $40.66.
Thursday, October 26, 2006
Higher Earnings For Harman International
Stereo maker Harman International Industries Inc. (HAR) reported higher profits of 85 cents per share compared with 79 cents per share a year earlier due to strong automotive sales. The stock price surged $17.60 to $105.87.
Renovis Reports Failed Drug Test
Renovis Inc.'s shares plummeted $10.33 or over 70% to $3.87 after the company reported a failed stroke drug trial.
Oracle Competes Against Red Hat
Wall Street worried about Red Hat Inc.'s (RHAT) ability to compete against Oracle Corp. (ORCL). Shares of Red Hat plummeted $5.10 to $14.41 while Oracle stock edged up 6 cents to $18.68.
Wednesday, October 25, 2006
Universal American Receives Buyout Offer
Universal American Financial Corp. (UHCO) received a buyout offer from group led by company chief executive Richard A. Barasch sending the stock price soaring $2.32 to $18.50.
Monday, October 23, 2006
FDA Rejects Antibiotic
The FDA refused to approve Replidyne Inc. (RDYN) and Forest Laboratories Inc.'s (FRX) antibiotic faropenem medoxomil sending shares of Replidyne plummeting $4.65 to close at $5.59. Forest stock tumbled $2.93 to close at $48.54.
First Outsider Named As Wrigley CEO
William Wrigley Jr. Co. (WWY) reported higher earnings of 53 cents per share compared with 46 cents per share a year earlier that beat expecations. The chewing gum company also named William Perez, former Nike president and CEO, as its new president and chief executive. The stock price leaped $6.40 to close at $53.23.
Oracle To Buy MetaSolv
Oracle Corp. (ORCL) will pay more than $219 million to purchase MetaSolv Inc. (MSLV). Shares of MetaSolv surged 69 cents to close at $4.01 while Oracle stock edged up 17 cents to $19.15.
Stiefel To Acquire Connetics
Connetics Corp. (CNCT) will be acquired by privately held Stiefel Laboratories Inc. for approximately $640 million. The stock price leaped $5.36 to close at $17.07.
Indus To Go Private
Indus International Inc. (IINT) will be taken private by Vista Equity Partners in a deal worth approximately $240 million sending the stock price surging $1.16 to close at $3.68.
Hasbro's Earnings Rise
Strong sales lifted third quarter earnings to 58 cents per share from 47 cents per share in the year ago period for Hasbro Inc. (HAS). Shares of the nation's second largest toy maker climbed $2.03 to close at $25.33.
Friday, October 20, 2006
Citigroup downgraded SanDisk Corp. (SNDK) over pricing issues sending the stock price plummeting $12.58 to close at $49.15.
Stamps.com's Forecast Disappoints
Third quarter earnings for Stamps.com Inc. (STMP) rose to 18 cents per share from 11 cents per share a year earlier but the company forecast fiscal 2006 and 2007 results below expectations. The stock price plunged $3.71 to close at $15.45.
ExlService Surges In Debut
Shares of ExlService Holdings Inc. (EXLS) surged $5.34 to close at $18.84 in its market debut.
Google Inc. (GOOG) impressed with third quarter earnings that nearly doubled to $2.36 per share from $1.32 per share last year. Shares of the Internet search engine leaped $33.61 to close at $459.67.
Synaptics Beats Expectations
Synaptics Inc. (SYNA) beat expectations by two cents to report third quarter earnings of 15 cents per share compared with 20 cents per share last year. The stock price surged $3.97 to close at $28.06.
Caterpillar Cuts Outlook
While third quarter earnings rose to $1.14 per share from 94 cents per share a year earlier for Caterpillar, the company cut its full year forecast and warned of slowing growth in 2007. The stock price plummeted $10.02 to close at $59.00.
Thursday, October 19, 2006
Record Revenue For Apple
Apple Computer Inc. (AAPL) posted record revenues due to strong sales of iPod and Macintosh computers. The stock price jumped $4.46 to close at $78.99.
PLX Swings To Profit
A surge in sales helped PLX Technology Inc. (PLXT) swing to a third quarter profit of 4 cents per share compared with a loss of 2 cents per share a year earlier. The stock price climbed $2.12 to close at $12.95.
Accentia Reports Positive Cancer Drug Results
Accentia Biopharmaceuticals Inc. (ABPI) reported long periods of cancer remission during a clinical trial of its cancer drug BiovaxId sending the stock price soaring $1.20 to close at $4.08.
Investors Financial Misses
While earnings rose to 54 cents per share from 53 cents per share last year for Investors Financial Services Corp. (IFIN), revenue fell short of expectations prompting downgrades. The stock price plummeted $4.61 to close at $38.05.
Earnings Rise For Jakks Pacific
Third quarter earnings for Jakks Pacific Inc. (JAKK) rose to $1.26 per share from $1.05 per share in the year ago period sending the stock price soaring $3.80 to close at $22.00.
NVE's Earnings Triple
Sharply higher sales boosted second quarter revenue more than three times to 27 cents per share from 8 cents per share a year earlier for NVE Corp. (NVEC). The stock price jumped $6.53 to close at $38.40.
Wednesday, October 18, 2006
Rio Tinto Invests In Ivanhoe
Rio Tinto plc (RTP) agreed to invest as much as $1.5 billion in Ivanhoe Mines Ltd. (IVN) to develop gold and mining resources in Mongolia. Shares of Ivanhoe surged $2.16 to close at $8.69 while Rio Tinto stock climbed $3.49 to close at $206.05.
Piper Jaffray's Earnings Beat Estimates
Third quarter earnings for Piper Jaffray Companies (PJC) dropped to 50 cents per share from 57 cents per share a year earlier but the results beat expectations by 5 cents. The stock price leaped $7.45 to close at $69.62.
Healthways Beats By A Penny
Healthways Inc. (HWAY) beat fourth quarter expectations by a penny to report earnings or 38 cents per share compared with 23 cents per share in the year ago period. The stock price surged $5.32 to close at $44.63.
Lower Earnings For Apollo Group
For-profit education provider Apollo Group Inc. (APOL)reported lower profits of 54 cents per share compared with 58 cents per share in the year ago period due to higher expenses, but investors were more worried about an internal investigation of the company's stock option grants. The stock price plummeted $11.13 to close at $37.55.
Illumina Reverses Losses
Illumina Inc. (ILMN) reversed losses to report third quarter earnings that surged to 32 cents per share from losses of 3 cents per share a year ago prompting the company to lift its full year outlook. The stock price leaped $7.14 to close at $43.78.
Positive Smallpox Trial For SIGA
SIGA Technologies Inc. (SIGA) shares more than doubled by surging $2.57 to close at $4.54 on positive smallpox drug trial news.
Tuesday, October 17, 2006
A. O. Smith Warns Of Soft Sales
Strong sales lifted third quarter earnings for A. O. Smith Corp. (AOS) to 55 cents per share from 32 cents per share in the year ago period but the company warned of soft sales for the fourth quarter sending the stock price plunging $4.97 to close at $38.91.
CME And CBOT Merge In $8B Deal
Chicago Mercantile Exchange Holdings Inc.(CME) will end over a century of rivalry by purchasing competitor CBOT Holdings Inc. (BOT) for over $8 billion. Chicago Mercantile Exchange stock soared $13.25 to close at $516.50 while shares of CBOT leaped $17.48 to close at $151.99.
Callaway Warns Of Wider Losses
Callaway Golf Co. (ELY) warned of wider third quarter losses due to weak sales sending the stock price tumbling $1.49 to close at $12.61.
Level 3 To Buy Broadwing
Level 3 Communications Inc. (LVLT) will pay approximately $1.4 billion in cash and stock to purchase competitor Broadwing Corp. (BWNG). Shares of Broadwing leaped $2.62 to close at $15.90 while Level 3 stock climbed 70 cents to close at $6.02.
Eli Lilly To Acquire Icos
Icos Corp. (ICOS) will be acquired by Eli Lilly & Co. (LLY) for approximately $2.1 billion. Shares of Icos surged $4.38 to close at $31.50 while Eli Lilly stock eased 11 cents to close at $57.55.
InterMune Partners With Roche
InterMune Inc. (ITMN) will partner with Roche Group Ltd. to develop its hepatitis C treatment. Shares of InterMune jumped $4.29 to close at $21.12.
Monday, October 16, 2006
Sales Rise For Eaton
Strong sales lifted third quarter earnings for Eaton Corp. (ETN) to $1.62 per share from $1.30 per share in the year ago period. The stock price jumped $5.25 to $75.55.
Greenbrier To Acquire Meridian Rail
Greenbrier Companies (GBX) will pay $227.5 million in cash to acquire Meridian Rail Holdings. Shares of the freight car solutions company leaped $2.88 to clsoe at $34.13.
Lumera's Test Successful
Lumera Corp.'s test of its millimeter wave wireless bridge was a success sending the stock price soaring $3.42 to close at $5.00.
Evergreen Solar Lands $100M Deal
Evergreen Solar Inc. (ESLR) landed a $100 million deal to supply photovotaic modules to Mainstream Energy. The stock price surged $1.25 to close at $9.46.
Open Solutions To Go Private
Private investors will pay $785 million to acquire Open Solutions Inc. (OPEN) sending the stock price soaring $7.28 to close at $37.56.
Strong Sales Lift Mattel's Earnings
Strong sales of Elmo lifted third quarter earnings for Mattel Inc. (MAT) to 62 cents per share from 55 cents per share in the year ago period. Shares of the world's largest toy maker rose 60 cents to close at $21.30.
Friday, October 13, 2006
La-Z-Boy Lowers Guidance
La-Z-Boy Inc. (LZB) lowered its revenue guidance for the quarter due to slowing furniture sales. The stock price dropped $1.14 to close at $13.86.
Centex Warns Of Shortfall
A record number of sale cancellations prompted Centex Corp. (CTX) to warn that second quarter results will fall far short of expectations. Shares of the home builder plunged $3.03 to close at $52.06.
Saifun Loses Licensing Fees
Beginning in the first quarter of 2007, Saifun Semiconductors Ltd. (SFUN) will no longer receive licensing fees from Qimonda. The stock price plummeted $7.38 to close at $21.70.
EHealth Surges In Market Debut
EHealth Inc. (EHTH) surged $8.90 to close at $22.90 in its market debut.
Ezcorp Lifts Guidance
Ezcorp Inc. (EZPW), a pawnshop operator, raised full-year guidance and gains from new store openings which sent the stock price soaring $6.12 to close at $42.47.
LightPath Raises Outlook
LightPath Technologies Inc. raised its sales outlook due to strong optical equipment demand. The stock price surged $1.65 to close at $5.45.
Thursday, October 12, 2006
Yum! Beats Estimates
Yum! Brands Inc. (YUM) beat third quarter estimates and lifted its full year outlook sending the stock price surging $4.51 to close at $59.08.
Promising Results From Discovery Labs
A Phase II clinical trial of Discovery Laboratories Inc.'s (DSCO) chronic lung disease treatment Surfaxin showed promise. The stock price soared 51 cents to close at $2.64.
Profits Fall For Winnebago
Winnebago Industries Inc. (WGO) reported lower profits and slowing sales due to higher fuel prices. The stock price dropped $1.08 to close at $33.28.
Deluxe Raises Forecast
Check printing company Deluxe Corp. (DLX) raised its revenue and profit outlook for the rest of the year sending the stock price soaring $3.08 to close at $21.29.
Simclar Restates Financials
Simclar Inc. (SIMC) restated its financial results for the latest quarter and 2005 while forecasting strong earnings for the second quarter. The stock price leaped $3.85 to close at $8.94.
Internap To Buy VitalStream
VitalStream Holdings Inc. (VSTH) was snapped up by Internap Network Services Corp. (INAP) for $217 million. Shares of VitalStream surged $1.27 to close at $7.67 while Internap stock tumbled $1.64 to close at $15.41.
Wednesday, October 11, 2006
Systemax Delays Results
Systemax Inc. (SYX) delayed release of its second quarter results sending the stock price plunging $3.76 to close at $15.04.
Bank of America To Offer Free Online Trades
Shares of E-Trade Financial Corp. (ET) plunged $2.15 to close at $22.31 after Bank of America Corp. (BAC) offered 30 commission free trades each month for clients maintaining a balance of at leat $25,000. Bank of America stock eased 59 cents to close at $54.04.
Jacuzzi To Go Private
Apollo Management will take Jacuzzi Brands Inc. (JJZ) private for approximately $990 million sending the stock price soaring $2.00 to close at $12.35.
Legg Mason Warns Of Earnings Miss
Legg Mason Inc. (LM) warned that third quarter results would miss expectations as clients shifted their funds from mutual funds into bonds. The stock price plummeted $18.16 to close at $87.15.
Rambus And Toshiba Enter Licensing Deal
Rambus Inc. (RMBS) signed a licensing agreement to supply Toshiba Corp. with interface cells. The stock price surged $1.85 to close at $19.13.
McAfee Fires President, CEO Retires
McAfee Inc. (MFE) fired president Kevin Weiss and announced the retirement of CEO and chairman George Samenuk after an internal investigation discovered accounting irregularities. The stock price rose 85 cents to close at $26.64.
Tuesday, October 10, 2006
Buyout Rumors Lift Nabors Industries
Rumors that Nabors Industries may a bought sent the stock price up $2.08 to close at $30.16.
Hopes For Higher Prices Lifts Massey Energy
Shares of coal producer Massey Energy Co. (MEE) rose $2.07 to close at $22.90 over hopes that overall production cuts in the industry will lift prices.
Brinker International Downgraded
Brinker International Inc. (EAT) was downgraded by analysts on concerns that higher oil prices may get consumers to cut back on restaurant visits. The stock price dropped $1.26 to close at $39.93.
Landry's To Sell Joe's Crab Shack
Landry's Restaurants Inc. (LNY) will sell 120 of it's Joe's Crab Shack restaurants for approximately $192 million. The stock price tumbled $3.32 to close at $28.63.
Shire Lower Over Profit Share
An SEC filing revealed that Shire Plc (SHPGY) will only receive a 42% share of profits from the attention deficity hyperactivity disorder treatment the company developed with New River Pharmaceuticals sending the stock price plunging $4.06 to close at $53.10.
New River Continues To Climb
Shares of New River Pharmaceuticals Inc. (NRPH) continued to rise over the FDA's decision on the company's attention deficit hyperactivity disorder treatment. The stock price jumped another $5.50 to close at $47.82.
Monday, October 09, 2006
Pacific Ethanol's First Plant Ready
Production at Pacific Ethanol Inc.'s (PEIX) first California plant will begin on October 17. The stock price climbed $1.29 to close at $13.87.
Powerwave Warns Of Earnings Shortfall
Powerwave Technologies Inc. (PWAV) warned that third quarter earnings would fall far short of expectations due to production delays sending the stock price tumbling $1.38 to close at $6.42.
GlaxoSmithKline To Buy CNS
GlaxoSmithKline plc (GSK) will spend approximately $566 million to purchase CNS Inc. (CNXS) sending shares of CNS soaring $8.16 to close at $36.72. GlaxoSmithKline stock edged up 2 cents to close at $54.33.
Express Scripts Downgraded
Express Scripts Inc. (ESRX) was downgraded and its price target slashed over concerns that lower drug prices will hurt earnings. The stock price plummeted $4.96 to close at $68.96.
VNU To Buy NetRatings
VNU Group B. V. will spend approximately $225.6 million in cash to buy the remaining shares of NetRatings Inc. (NTRT) that it does not already own. The stock price climbed $2.34 to close at $16.91.
New River Receives Approval Letter
New River Pharmaceuticals Inc. (NRPH) received an approval letter from the FDA for the attention deficit and hyperactivity treatment it developed with Shire Plc. Shares of New River leaped $16.11 to close at $42.324.
Friday, October 06, 2006
GM Director Quits
General Motors Corp. (GM) director and Kirk Kerkorian ally Jerome York resigned from the board sending shares of the nation's largest automaker tumbling $2.08 to close at $31.05.
New High For CBOT
Shares of CBOT Holdings Inc. (BOT) surged $6.66 to close at a new high of $137.81 as trading volume increased at the nation's second largest futures exchange.
Kenexa To Buy BrassRing
Kenexa Corp. (KNXA) will pay approximately $155 million to acquire privately held BrassRing. The stock price surged $3.34 to close at $29.84.
Chattem Buys Five Brands
Chattem Inc. (CHTT) will acquire five Johnson & Johnson (JNJ) and Pfizer Inc. (PFE)over-the-counter brands for $410 million. Shares of Chattem leaped $9.77 to close at $44.20 while J&J stock eased 5 cents to close at $65.06. Pfizer stock slipped 9 cents to close at $27.90.
Mobility Lowers Outlook
Mobility Electronics Inc. (MOBE) lowered its third quarter outlook due to possible customer losses sending the stock price plummeting $2.25 to close at $3.13.
Micron Technology Inc. (MU) posted quarterly profits that missed expectations due to slow flash memory chip sales. The stock price plunged $2.40 to close at $15.14.
Thursday, October 05, 2006
Dobson Buys Highland Cellular
Dobson Communications Corp. (DCEL) subsidiary American Cellular purchased Highland Cellular for aproximately $95 million sending the stock price soaring $1.30 to close at $8.04.
Ikanos Lowers Outlook
Ikanos Communications (IKAN) lowered its third quarter outlook due to delays in its chipset shipments. The stock price plummeted $3.18 to close at $7.76.
Dynavax Reports Positive Results
Dynavax Technologies Corp. (DVAX) reported positive results from its allergy drug treatment trial lifting the stock price $2.74 to close at $7.70.
Hott Topic's Sales Drop
September same store sales dropped by a larger than expected 7.3% for Hott Topic Inc. (HOTT) sending the stock price tumbling $1.44 to close at $10.33.
Helen Of Troy Beats Expectations
Helen of Troy Ltd. (HELE) reported higher second quarter earnings of 35 cents per share compared with 30 cents per share in the year ago period, beating expectations by 7 cents. The stock price surged $3.46 to close at $21.47.
Curis Receives $3 Million From Genentech
Curis Inc. (CRIS) received a milestone payment of $3 million from partner Genentech Inc. (DNA) for a jointly developed cancer treatment awaiting regulatory approval to enter an early stage clinical trial. Shares of Curis surged 23 cents to $1.58 while Genentech stock gained $1.30 to close at $83.70.
Wednesday, October 04, 2006
Armor Holdings Slashes Outlook
Armor Holdings Inc. (AH) slashed its third quarter profit outlook due to delayed shipments and lower revenues. The stock price plummeted $5.79 to close at $54.09.
China Development In Compliance
China Development Group Corp. (CTDC) rose for a second day in a row after regaining compliance for Nasdaq listing lifting its stock price $1.11 to close at $5.90.
OM Group Lifts Outlook
OM Group Inc. (OMG) raised its earnings outlook due to higher nickel prices driving its specialty chemicals revenues higher. The stock price surged $5.55 to close at $50.09.
Sales Surge For Panera Bread
September same store sales surged 5.9% for Panera Bread Co. (PNRA). The stock price leaped $6.40 to close at $64.75.
Shaw Group Wins $12.8 Million Contract
Shaw Group Inc. (SGR) won a Navy contract worth over $12.8 million sending the stock price soaring $2.67 to close at $26.33.
Analysts downgraded WCI Communities Inc. (WCI) after the home builder warned that third quarter earnings would fall far short of expectations. The stock price tumbled 85 cents to close at $16.30.
Tuesday, October 03, 2006
Quest Loses Contract
Quest Diagnostics Inc. (DGX) investors dumped the stock after the company lost a lab services contract to LabCorp. The stock price plummeted $10.90 to close at $50.00.
Skyworks Raises Outlook
Skyworks Solutions Inc. (SWKS), maker of integrated circuits for cellphones, announced cost-cutting moves and raised its guidance sending the stock price soaring $1.79 to close at $6.85.
Agnico-Eagle Stumbles As Gold Drops
Shares of Agnico-Eagle Mines Ltd. (AEM) tumbled $2.94 to close at $28.52 as gold prices dropped sharply.
Marvell Tech Lowers Guidance
Marvell Technology Group Ltd. (MRVL) lowered 3rd quarter guidance due to slowing hard disk drive sales and higher inventory sending the stock price tumbling $2.29 to close at $16.80.
Lab Corp. Enters Deal With UnitedHealth
Laboratory Corp. of America Holdings (LH) signed a 10-year deal with UnitedHealth Insurance. The stock price surged $1.36 to close at $66.57.
WESCO Acquires Private Company
WESCO International Inc. (WCC) announced the acquisition of an industrial equipment and supply service company from a private equity firm. The stock price surged $4.85 to close at $61.76.
Monday, October 02, 2006
New Gambling Law Will Hurt GigaMedia
The Internet gambling legislation enacted over the weekend will negatively impact online gambling sites such as those run by GigaMedia Ltd. (GIGM). The stock price dropped $1.36 to close at $9.84.
Keane Trims Outlook
Keane Inc. (KEA) trimmed its third quarter outlook and fired an executive for misconduct. The stock price tumbled $2.82 to close at $11.59.
Cryptologic Hurt By New Gambling Law
Cryptologic Inc. (CRYP) shares plunged $4.06 to close at $17.98 on fears of losing business due to changes in U.S. gambling laws.
LCA-Vision Lowers Guidance
LCA-Vision Inc. (LCAV) lowered its full-year guidance while its president resigned. The stock price plummeted $10.22 to close at $31.09.
Gilead Offers $2.5 Billion For Myogen
Myogen Inc. (MYOG) received a $2.5 billion offer from Gilead Sciences Inc. (GILD). Shares of Myogen surged $16.36 to close at $51.44 while Gilead stock tumbled $4.49 to close at $64.28.