Stockwinners Market Radar for December 26, 2018 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
TANH... | Hot Stocks18:56 EDT Fly Intel: After Hours Movers - UP AFTER EARNINGS: Tantech Holdings (TANH) up 1.1%. ALSO HIGHER: Tracon Pharma (TCON) up 39.7% after disclosing TRC105 lung cancer candidate showing positive results... GOL Linhas (GOL) up 0.6% after accelerating Boeing aircraft fleet renewal. LOWER: Plantronics (PLT) down 3.1% after announcing completion of Polycom FCPA investigation... Steel Connect (STCN) down 0.6% after receiving non-compliance letter from Nasdaq.
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GLD | Hot Stocks17:42 EDT SPDR Gold Shares holdings rise to 790.02MT from 774.14MT - This is the 3rd consecutive increase in SPDR Gold Shares holdings and the highest level of holdings since August 3rd.
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OII... | Hot Stocks17:38 EDT Huntington Ingalls, General Dynamics awarded over $800M Navy contracts - Oceaneering (OII), Huntington Ingalls (HII) and General Dynamics (GD) have been awarded cost-plus-fixed-fee, indefinite-delivery/indefinite quantity multiple award contracts with firm-fixed-priced ordering provisions for Submarine Safety, or SUBSAFE, and Level I engineering and technical services in the amounts of $827.67M, $874.34M and $1.11B, respectively. This requirement is for management and technical services for the support installation, troubleshooting, repair and maintenance of main and auxiliary weapons, as well as hull, mechanical and electrical equipment for various Submarine, SUBSAFE and Level I material work onboard SSN 21 Class; SSN 688 Class; SSBN/SSGN 726 Class; and SSN 774 Class submarines. These contracts will primarily support large submarine maintenance and modernization programs and/or critical-path ship changes/alterations that are accomplished in Navy Chief of Naval Operation availabilities, dry-dock selected restricted availabilities, engineered refueling overhauls, depot modernization periods and continuous maintenance availabilities. The work under this contract will contain a five-year ordering period and is expected to be completed by December 2023. FY19 operations and maintenance funding in the total amount of $300,000 will be obligated at time of award and will expire at the end of the current fiscal year. This funding represents the guaranteed contract minimum for each contract award. These contracts were competitively procured via the Federal Business Opportunities website, with four offers received. The Naval Surface Warfare Center is the contracting activity.
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MEI | Hot Stocks17:36 EDT Methode Electronics director Christopher Hornung buys 8,200 shares - Methode Electronics director Christopher Hornung disclosed in a filing that he had purchased 8,200 shares of company stock at an average price of $22.16 per share on December 21. The total transaction value of the purchase was $181,712.
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HBM | Hot Stocks17:32 EDT Waterson raises stake in Hudbay Minerals to 11.7% - This stake allows for activism.
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OPOF | Hot Stocks17:30 EDT PL Capital reports 7.2% stake in Old Point Financial - PL Capital intends to monitor the performance and corporate governance of the company, as well as the actions of the company's management and board. As they deem necessary, PL Capital will assert their stockholder rights.
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HSIC | Hot Stocks17:26 EDT Henry Schein files statement to spin off, merge animal health business - Henry Schein announced that HS Spinco has filed a registration statement on Form S-4/S-1 with the SEC relating to the planned spin off of the Henry Schein Animal Health business and the subsequent merger with Vets First Choice. Spinco intends to list its common stock on Nasdaq under the symbol (CVET) and the new standalone company will be named Covetrus.
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UNAM | Hot Stocks17:21 EDT Ambina Partners reports 7.8% stake in Unico American
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EE | Hot Stocks17:20 EDT El Paso generating unit has expected operational date of 2023 - El Paso Electric announced the selection of resource additions needed by the 2022-2023 summer peak season. The generation mix includes utility scale solar, battery storage, and natural gas. After careful evaluation of the competitive 2017 All Source Request for Proposals for Electric Power Supply and Load Management Resources, the winning bids include the expected energy purchase of 200 megawatts of utility scale solar resources, 100 MW of battery storage, and the construction of a 226 MW natural gas combustion turbine generating unit at the Company's Newman Power Station with an anticipated operational date of 2023 at an expected cost of $143M. In addition, the Company expects to pursue the purchase of 50 to 150 MW of wind and solar generated power to provide for fuel diversity and energy cost savings. The selected proposals are subject to the execution of contracts following negotiations with the winning bidders, obtaining the applicable environmental and construction related permits, and obtaining necessary approvals by the Public Utility Commission of Texas and the New Mexico Public Regulation Commission.
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GRA | Hot Stocks17:18 EDT 40 North Management raises stake in W.R. Grace to 13.9% from 12.4% -
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EE | Hot Stocks17:16 EDT El Paso Electric SVP Chief Human Resources Officer retiring - On December 26, William A. Stiller notified the board of El Paso Electric that he was retiring as the company's Senior Vice President and Chief Human Resources Officer effective February 1.
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PLT | Hot Stocks17:14 EDT Plantronics announces closure of Polycome FCPA investigation - Plantronics announced that Polycom has entered into a settlement with the SEC with respect to Foreign Corrupt Practices Act issues that Polycom self-reported. After discovering evidence of possible improper behavior on the part of former employees at its subsidiary in China, Polycom voluntarily reported the matter to the U.S. government, conducted a thorough investigation and fully cooperated with U.S. authorities. The conduct at issue was limited to Polycom China and occurred prior to Plantronics' acquisition of Polycom in July 2018 and prior to Polycom going private in 2016. All of the individuals involved had left Polycom by the time Plantronics acquired Polycom.
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CPT | Hot Stocks17:14 EDT Camden Property director William Paulsen sells over $1M in company shares - Camden Property director William Paulsen disclosed in a filing that he had sold 11,344 shares of company stock at an average price of $89.38 per share on December 21. The total transaction value of the sale was $1,013,927.
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PAH | Hot Stocks17:06 EDT Platform Specialty Products Chairman Franklin sells almost $24M in shares - Martin Franklin disclosed in a filing that he sold 2,419,258 shares of company stock at an average price of $9.91 per share on December 21.The total transaction value of the sale was $23,974,847.
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GOL BA | Hot Stocks16:56 EDT Gol Linhas executes sale for 13 Boeing aircraft to accelerate fleet renewal - GOL Linhas Aereas Inteligentes (GOL) announced a further acceleration of its fleet renewal and modernization plan and the execution of sale and leaseback agreements, with Castlelake and Apollo Aviation, for 13 Boeing 737 Next Generation aircraft in the GOL fleet that will be replaced with Boeing 737 MAX-8 aircraft during 2019-2021. The accelerated fleet renewal will not alter GOL's planned capacity, as these aircraft will be returned simultaneously with the receipt of 737 MAX-8 aircraft under its order with Boeing and recent direct operating leases of 11 737 MAX-8 aircraft. The accelerated return of NGs will allow GOL to finish 2019 and 2019 with 24 and 34 737 MAX-8s in its operating fleet, respectively.
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CRSP VRTX | Hot Stocks16:44 EDT Vertex Pharmaceuticals Buys 90,742 shares of CRISPR Therapeutics - Vertex Pharmaceuticals (VRTX) disclosed in a regulatory filing the purchase of 90,742 shares of CRISPR Therapeutics (CRSP). The purchases were made between December 21 and December 24. The total transaction value was $2,184,958.
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JPM | Hot Stocks16:34 EDT JPMorgan to pay $135M to settle charges of improper handling of ADRs - The SEC announced that JPMorgan Chase Bank N.A. will pay more than $135M to settle charges of improper handling of "pre-released" American Depositary Receipts. ADRs - U.S. securities that represent foreign shares of a foreign company - require a corresponding number of foreign shares to be held in custody at a depositary bank. The practice of "pre-release" allows ADRs to be issued without the deposit of foreign shares, provided brokers receiving them have an agreement with a depositary bank and the broker or its customer owns the number of foreign shares that corresponds to the number of shares the ADR represents. The SEC's order found that JPMorgan improperly provided ADRs to brokers in thousands of pre-release transactions when neither the broker nor its customers had the foreign shares needed to support those new ADRs. Such practices resulted in inflating the total number of a foreign issuer's tradeable securities, which resulted in abusive practices like inappropriate short selling and dividend arbitrage that should not have been occurring. Reference Link
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JCAP CUBE | Hot Stocks16:34 EDT Jernigan Capital acquires membership interest in storage property in New York - Jernigan Capital (JCAP) announced that it has acquired the membership interest of its developer partner in a recently completed self-storage facility located in Bay Shore, New York. The project is a 105,347 net rentable square feet, multi-story, 100% climate-controlled facility located in a submarket on Long Island. The facility, which opened for business on September 29, 2017, had a physical occupancy of approximately 56.5% as of December 21, exceeding the company's underwritten physical occupancy at this stage of lease-up. The property is branded and managed by CubeSmart (CUBE). With this acquisition, the company now has 100% ownership of seven on-balance sheet development investments.
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BXP | Hot Stocks16:34 EDT Boston Properties signs lease of 300K sqf with Millennium Management - Boston Properties announced that it has signed a long-term lease for more than 300,000 sf with Millennium Management at its 399 Park Avenue property, located in midtown New York City. With this lease, 399 Park Avenue will be 93% leased, on track with the company's stated goals for the property. Boston Properties is nearing completion of its renovation of 399 Park Avenue, a 1.6 million square-foot Class A office building. Renovations include upgrades to the facade and the Park Avenue entrance, a new rooftop terrace garden and new destination-driven elevators.
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SIEN | Hot Stocks16:32 EDT Deerfield Partners reports 5.5% passive stake in Sientra
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HEES | Hot Stocks16:25 EDT H&E Equipment director Bruce Bruckmann buys 22,500 shares of stock - H&E Equipment director Bruce Bruckmann disclosed in a filing that he had purchased 22,500 shares of company stock at an average price of $19.56 per share On December 20 and December 21 at an average price of $19.56. The total transaction value of the purchase was $440,150.
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VICI CZR | Hot Stocks16:20 EDT VICI completes acquisition of Harrah's Philadelphia and lease modification - VICI Properties (VICI) announced it has completed the previously disclosed transactions with Caesars Entertainment (CZR) to acquire, and lease back, all of the land and real estate assets associated with Harrah's Philadelphia and to modify the Company's Formation Leases and the HLV Lease, each as defined below. Harrah's Philadelphia was acquired for a purchase price of $241.5M, which was reduced by $159M to reflect the aggregate net present value of the Lease Modifications, resulting in a net cash consideration of $82.5M, excluding transaction costs. Edward Pitoniak, Chief Executive Officer of VICI Properties said, "The VICI and Caesars teams worked very productively together to complete this important and value-creating transaction for both companies. Adding Harrah's Philadelphia to our growing portfolio of best in-class gaming real estate strengthens our presence in the attractive Mid-Atlantic gaming market. In addition, guided by a deep understanding of the needs and goals of our tenants, we amended the original lease agreements to be better aligned with the strategic interests of both parties. For VICI shareholders, these changes significantly improve our same-store rent growth in the near-term, protect against future volatility in our rental income over the long-term and, most importantly, incentivize our tenant to invest capital into the real estate to grow and strengthen their own business." Mr. Pitoniak continued, "In addition to the $35.0 million of annual rent we began receiving in July from the acquisition of Octavius Tower, this transaction adds an additional $21.0 million in initial annual rent from Harrah's Philadelphia and an additional $7.1 million in the form of incremental annual rent escalators for the first twelve months post the Lease Modifications. Thus, for a net cash payment of $590.0 million, we are adding $63.1 million in annual rent at a very attractive net cap rate and position VICI Properties with an attractive 2019 embedded growth profile."
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GPRE | Hot Stocks16:17 EDT Mangrove Partners reports 5.6% passive stake in Green Plains
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UPL | Hot Stocks16:15 EDT Ultra Petroleum closes on previously announced debt exchange pact - Ultra Petroleum closed on the previously announced debt exchange agreement to reduce long-term debt by approximately $235M on December 21. Pro forma for the exchange, as of September 30, 2018, the Company's Consolidated Net Leverage Ratio is reduced to 3.5x from 3.9x. In addition to the reduction in debt, the New Notes will extend the maturity of the exchanged 2022 Notesto July 2024.
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DAL | Hot Stocks16:11 EDT Delta Air Lines director George Matson buys 5,000 shares - Delta Air Lines director George Matson disclosed in a filing that he had purchased 5,000 shares of company stock at an average price of $49.41 per share on December 21. The total transaction was $247,066.
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TCON | Hot Stocks16:08 EDT TRACON Pharmaceuticals' TRC105 lung cancer candidate shows positive results - TRACON Pharmaceuticals announced positive top-line clinical results from a Phase 1 study of TRC105 and Opdivo for the treatment of non-small cell lung cancer. The combination of TRC105 and Opdivo was well-tolerated without the development of dose limiting toxicity in six patients who were treated as part of dose escalation. One of these six patients, whose archival tumor did not express PD-L1 and who had not received prior PD-1/PD-L1 checkpoint inhibition treatment, developed a partial response and remains on study after 10 months. Two of the other five patients, one of whom who progressed following prior Opdivo treatment, remain on trial with stable disease. Patients are currently enrolling into two parallel 12 patient expansion cohorts. TRC105 is currently being studied in a pivotal Phase 3 trial in angiosarcoma and multiple Phase 2 clinical trials, in combination with VEGF inhibitors, as well as in a Phase 1 trial with Opdivo. TRC105 has received orphan designation for the treatment of soft tissue sarcoma in both the U.S. and EU.
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CSII | Hot Stocks16:07 EDT Cardiovascular Systems says patients treated in U.S with OrbusNeich Teleport - Cardiovascular Systems announced that the first patients in the United States were treated using the OrbusNeich Teleport Microcatheter, which recently received U.S. Food and Drug Administration 510 clearance. Microcatheters are used to provide support and safe guidewire exchange during complex cardiovascular procedures. Teleport is a new generation microcatheter designed for deliverability and support, with a unique and robust tip designed to enable access in the most challenging lesions.
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NMCI | Hot Stocks16:06 EDT 683 Capital reports 5.7% passive stake in Navios Maritime Containers
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STCN | Hot Stocks16:04 EDT Steel Connect receives notification letter from Nasdaq - Steel Connect announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market on December 18, indicating that the company is not in compliance with Nasdaq Listing Rule 5250, which requires the timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Notice was sent as a result of the Company's delay in filing its Quarterly Report on Form 10-Q for the first quarter of fiscal 2019. The Form 10-Q was due on December 10, 2018. The Notice has no immediate effect on the listing or trading of the Company's common stock.
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STCN | Hot Stocks16:02 EDT Steel Connect receives Nasdaq non-compliance notification letter - Steel Connect announced that it received a notification letter from the Listing Qualifications Department of the Nasdaq Stock Market LLC on December 18, 2018 indicating that the company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires the timely filing of all required periodic financial reports with the SEC. The Notice was sent as a result of the company's delay in filing its Form 10-Q for the first quarter of fiscal 2019. The Form 10-Q was due on December 10, 2018. The notice has no immediate effect on the listing or trading of the Company's common stock.
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EMKR | Hot Stocks15:56 EDT Northern Right raises stake in Emcore to 6.6% - This stake allows for activist activity.
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TSLA | Hot Stocks15:18 EDT Tesla CEO says supercharger coverage to extend to 100% of Europe next year - Elon Musk tweeted in reply to a question about supercharger coverage in Europe: "Yes. Supercharger coverage will extend to 100% of Europe next year. From Ireland to Kiev, from Norway to Turkey." Reference Link
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GBL | Hot Stocks14:52 EDT GAMCO Investors says Mario Gabelli to waive 2019 compensation - GAMCO Investors announced that its Chairman and CEO, Mario Gabelli, has elected to waive all of his compensation that he would otherwise have been entitled to for the period from January 1, 2019 to March 31, 2019. "No projection can be reasonably made as to what Mr. Gabelli would have earned under his employment agreement for the period from January 1, 2019 to March 31, 2019. We refer you to the 2017 Proxy filed in April 2018 for past full year variable compensation," GAMCO stated.
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SNY MRK | Hot Stocks14:34 EDT Sanofi, Merck combination vaccine Vaxelis approved by FDA - The FDA has approved Vaxelis for use in children from 6 weeks through 4 years of age. Vaxelis was developed as part of a joint-partnership between Sanofi (SNY) and MSD (MRK), known as Merck inside the United States and Canada. Sanofi and MSD are working to maximize production of Vaxelis to allow for a sustainable supply to meet anticipated U.S. demand. Commercial supply will not be available in the U.S. prior to 2020. Vaxelis is a vaccine indicated for active immunization to prevent diphtheria, tetanus, pertussis, poliomyelitis, hepatitis B, and invasive disease due to Haemophilus influenzae type b.
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BRG | Hot Stocks14:03 EDT Bluerock Residential announces 10b5-1 share repurchase plan - Bluerock Residential Growth REIT announced that its board has authorized a new plan for the repurchase of up to $5.M of its outstanding shares of Class A common stock in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as part of the Company's previously announced $25 million share repurchase program.
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RADA | Hot Stocks13:32 EDT RADA Electronic agrees to sell CACS subsidiary for $1.5M - RADA Electronic Industries announced that it has signed an agreement to sell its ownership interest in CACS, a Chinese company engaged in the maintenance of commercial aviation equipment. CACS is presented as a "Discontinued Operation" in RADA's financial statements. CACS will be sold for approximately a $1.5M cash consideration. This will result in a loss from a discontinued operation of approximately $1M in the fourth quarter of 2018. Dov Sella, RADA's CEO, commented, "We are pleased to conclude our efforts to sell our interest in CACS, which has not been synergistic to our principal business for a number of years and was presented as a discontinued operation in our financial statements. We are satisfied with the conclusion of this transaction, bringing an additional $1.5M to our cash balance and enabling us to give greater focus to our growing radar's business."
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PCG | Hot Stocks12:18 EDT PG&E falls after utilities commission threatens to break up company - California utility PG&E (PCG), or Pacific Gas and Electric, is lower in afternoon trading after the California Public Utilities Commission, or CPUC, began a formal process to evaluate whether the company should be split into several electric and gas companies, split into regional subsidiaries, or converted into a publicly owned company, according to Bloomberg, which added that the commission would also look into "less drastic steps" like whether the utility needs new board members of management. ENOUGH IS ENOUGH: This process began right after Senator Bill Dodd demanded changes at PG&E, saying, "Enough is enough. We have to have a safety culture at PG&E." The company responded in a statement on Friday, saying, "The company's board of directors and senior management team have been actively exploring additional changes beyond the corrective actions and new programs we've implemented at the operational level." PRICE ACTION: Shares of PG&E are down 2.7% to $22.56 in Wednesday afternoon trading.
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VNCE | Hot Stocks12:00 EDT Vince Holding falls -9.2% - Vince Holding is down -9.2%, or -97c to $9.57.
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DWT | Hot Stocks12:00 EDT Britannia Bulk falls -10.3% - Britannia Bulk is down -10.3%, or -$2.00 to $17.42.
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UGAZ | Hot Stocks12:00 EDT VelocityShares 3x Long Natural Gas ETN falls -12.9% - VelocityShares 3x Long Natural Gas ETN is down -12.9%, or -$9.52 to $64.02.
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COE | Hot Stocks12:00 EDT China Online Education rises 9.7% - China Online Education is up 9.7%, or 50c to $5.65.
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DGAZ | Hot Stocks12:00 EDT VelocityShares 3x Inv Natural Gas ETN rises 10.3% - VelocityShares 3x Inv Natural Gas ETN is up 10.3%, or $8.25 to $87.99.
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WRD | Hot Stocks12:00 EDT WildHorse Resource rises 12.2% - WildHorse Resource is up 12.2%, or $1.46 to $13.47.
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GIFI | Hot Stocks11:46 EDT Federal court rules in favor of Gulf Island in Navy bid protest - Gulf Island Fabrication announced that the U.S. Court of Federal Claims has ruled in favor of the Government and Gulf Island with respect to the Company's detail design and construction of up to eight towing, salvage, and rescue ships for the U.S. Navy. As a result, the partial stop work order previously issued by the U.S. Navy has been cancelled and all performance under the first T-ATS contract, which was previously awarded to the Company by the U.S. Navy, may proceed in accordance with the terms of the contract.
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CNBX | Hot Stocks11:26 EDT Cannabics announces new provisional patent application to USPTO - Cannabics Pharmaceuticals announced that it has filed a provisional patent application with the US Patent office. The patent covers the company's technology that will "enable the transfer of data from its proprietary personalization platform of cannabis strains and cancer to medical cannabis businesses worldwide and overcome the limitations of exporting and importing cannabinoid compounds due to regulation, Cannabics stated. Dr. Eyal Ballan, Co-Founder and CTO, said: "The idea of creating a large database and translating it to the big variety of strains and compounds worldwide is our way to create standardization in a multifactorial drug like cannabis. It gives us the leverage to enjoy the beneficial facets of the entourage effect while building a matrix of logic behind compound ratios and dosages. We are currently looking for joint ventures that will exercise this ability and implement the technology to identify and create cannabis strains that target cancer."
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PTVCA | Hot Stocks10:58 EDT Protective Insurance Corporation (Class A Stock) trading resumes
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PTVCA | Hot Stocks10:53 EDT Protective Insurance Corporation (Class A Stock) trading halted, volatility trading pause
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MFSF | Hot Stocks10:37 EDT MutualFirst Financial trading resumes
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MFSF | Hot Stocks10:32 EDT MutualFirst Financial trading halted, volatility trading pause
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FB MO | Hot Stocks10:27 EDT Citron says time to buy Facebook, sees stock on way back to $160 - Andrew Left's Citron Research told investors in a report published on Wednesday that he's become a bull on Facebook, which he predicts will bounce back to $160 per share. Further, Citron argued that within social media, Facebook (FB) and its Instagram "have no competition." 'SKEPTIC TO A MAJOR BULL': Calling it the "2019 S&P stock of the year," Citron Research argued that separating the noise from reality "will take Facebook back to $160." Andrew Left's Citron acknowledged that the stock is down 40% year to date and over 40% from its recent high, as media reported "on one scandal after the next," but noted that the company's revenues and more importantly its user base has seen little impact. Comparing it to Altria (MO), which has a "history of killing its customers and just invested in a company that ensures that it will be killing its customers for generations to come," the report highlighted that Facebook is now trading at a discount to the Marlboro cigarette maker, though the social media giant is expected to grow 24% next year while Altria is only expected to grow 1%. Citron also believes that within social media, Facebook and Instagram have no competition, with the latter "building a standalone app for shopping." "As investors have become overly concerned about the short-term noise of privacy and propaganda, they have forgotten to look at the earnings power and potential of the most advanced advertising tool with global reach in messaging, networking, and the future of shopping. The Facebook platform has advanced a long way and has turned this research firm from a one-time skeptic to a major bull," the report reads. PRICE ACTION: In morning trading, Facebook has gained over 3% to $128 per share.
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IDEX | Hot Stocks10:07 EDT Ideanomics, NTS sign mandate for City of Tianjin bus conversion financing - Ideanomics announce it has entered into an agreement with the National Transportation Capacity CO., as a specific financing mandate under the original framework agreement announced by Ideanomics in August 2018. This additional agreement is for the initial tranche of asset-backed financing and comes as a result of NTS finalizing a deal with the city of Tianjin, China's fourth-largest city, to re-finance existing asset-backed financing for electric bus conversion, valued at over 57B RMB, approximately $8.25B. This initial mandate from NTS is the first of several anticipated in the coming months under the 260B RMB framework agreement between NTS and Ideanomics. Under the terms of the deal, Ideanomics will provide advisory services to NTS, including working with established financial services' partners to assist with the underwriting, marketing, and sale of the financing. Ideanomics is finalizing terms with those partner firms and anticipates being able to make partner announcements in the near-term. The Company will derive revenues under the deal based on fees of 1% of financing raised. This amount is net of partner fees but will be subject to certain underwriting and marketing costs.The market size for the mandatory replacements and upgrades to achieve fully-electric bus operations in China is estimated at 1T RMB, approx. $145B, with the Chinese government requiring the conversion of public transport vehicles to electric power by 2021. The re-financing program Ideanomics has developed is designed to save cities and municipalities 2% or more versus traditional annual interest rates for this type of asset-backed financing. The Company intends to launch a blockchain-based asset registration platform, subject to the city operators' endorsement and systems support, in conjunction with the re-financing program. This registration platform is intended to deliver the highest-level of transparency for the underlying assets provided as the foundation for underwriting the offering and, as a result, elevate asset registration beyond traditional asset monitoring methods.
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SSNT | Hot Stocks10:01 EDT SilverSun Technologies announces special cash dividend of 5c per share - SilverSun Technologies announced that its Board of Directors has declared a special cash dividend on the Company's common stock of 5c per share. The record date will be January 7, 2019, and the payment date will be January 14, 2019. The payment of future dividends, if any, will be subject to SilverSun's cash requirements. The Company's board of directors will assess any future dividend payout levels in light of the Company's financial performance and its current and anticipated business needs at such time.
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TK | Hot Stocks10:00 EDT Teekay Corp. falls -4.2% - Teekay Corp. is down -4.2%, or -14c to $3.18.
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MAXR | Hot Stocks10:00 EDT Maxar Technologies falls -5.7% - Maxar Technologies is down -5.7%, or -58c to $9.64.
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UGAZ | Hot Stocks10:00 EDT VelocityShares 3x Long Natural Gas ETN falls -11.9% - VelocityShares 3x Long Natural Gas ETN is down -11.9%, or -$8.72 to $64.82.
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CCM | Hot Stocks10:00 EDT Concord Medical rises 7.1% - Concord Medical is up 7.1%, or 21c to $3.16.
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APHA | Hot Stocks10:00 EDT Aphria rises 8.1% - Aphria is up 8.1%, or 45c to $6.00.
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DGAZ | Hot Stocks10:00 EDT VelocityShares 3x Inv Natural Gas ETN rises 9.4% - VelocityShares 3x Inv Natural Gas ETN is up 9.4%, or $7.48 to $87.22.
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UNG | Hot Stocks09:47 EDT United States Natural Gas Fund falls -4.1% - United States Natural Gas Fund is down -4.1%, or -$1.19 to $28.12.
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FIYY | Hot Stocks09:47 EDT Barclays ETN+ FI Enhanced Global High Yield ETN Series B falls -5.8% - Barclays ETN+ FI Enhanced Global High Yield ETN Series B is down -5.8%, or -$4.49 to $72.98.
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UGAZ | Hot Stocks09:47 EDT VelocityShares 3x Long Natural Gas ETN falls -12.8% - VelocityShares 3x Long Natural Gas ETN is down -12.8%, or -$9.41 to $64.13.
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WRD | Hot Stocks09:47 EDT WildHorse Resource rises 5.1% - WildHorse Resource is up 5.1%, or 61c to $12.62.
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APHA | Hot Stocks09:47 EDT Aphria rises 7.6% - Aphria is up 7.6%, or 42c to $5.97.
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DGAZ | Hot Stocks09:47 EDT VelocityShares 3x Inv Natural Gas ETN rises 10.4% - VelocityShares 3x Inv Natural Gas ETN is up 10.4%, or $8.28 to $88.02.
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LTS | Hot Stocks09:35 EDT Ladenburg Thalmann announces $130.25M stock and options repurchase - Ladenburg Thalmann Financial Services announced after the market close on Monday that it repurchased 50.9M shares of its common stock from its largest shareholder, Dr. Phillip Frost, and his affiliates. In addition, all of Dr. Frost's 3.61M stock options were cancelled in exchange for a payment of $3.0M. The stock was purchased at a price of $2.50 per share. The consideration for the transactions consisted of $53.9M in cash and $76.35M in newly-issued 7.25% senior notes due 2028 issued to Dr. Frost and his affiliates.
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CHK | Hot Stocks09:32 EDT Chesapeake rises after director buys 2.1M shares - Shares of Chesapeake Energy are higher in early trading as oil rises and following the disclosure in a regulatory filing that on December 21 director Archie Dunham purchased 2.1M shares of the company's stock at an average price of about $1.97 per share. Immediately after the open, Chesapeake shares are up 12% to $1.94.
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AMZN... | Hot Stocks09:26 EDT Fly Intel: Pre-market Movers - HIGHER: Amazon (AMZN), up 2.7% after announcing "record" holiday orders... JD.com (JD), up 3% after announcing a $1B share repurchase program... Target (TGT), up 1% after Mastercard SpendingPulse reports that U.S. holiday sales from November 1 through December 24 increased 5.1%... Roku (ROKU), up 6.5% after Needham analyst Laura Martin kept her Buy rating and $45 price target on the stock, saying the stock is her top pick for 2019. The analyst cites the market growth in the OTT sector, along with the company's strategic position, scale and demographic reach. LOWER: Capricor Therapeutics (CAPR), down 12.5% after putting its HOPE-2 clinical trial on voluntary dosing hold.
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PRPH | Hot Stocks09:25 EDT ProPhase Labs announces 25c per share special dividend - ProPhase Labs announced that its board has declared a special cash dividend in the amount of 25c per share on its common stock, payable on January 24, 2019 to stockholders of record as of January 10, 2019. This special cash dividend is the second such return of capital to stockholders this year, with a prior special dividend of $1.00 per share paid to ProPhase stockholders in June.
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TRNO | Hot Stocks09:17 EDT Terreno Realty acquires building in Fremont, CA for $6.2M - Terreno Realty acquired an industrial property located in Fremont, California for a purchase price of approximately $6.2M. The property consists of one industrial distribution building containing approximately 29,000 square feet on 1.5 acres. The property provides four dock-high and two grade-level loading positions, parking for 54 cars and is 42% leased to one tenant. The estimated stabilized cap rate of the property is 5.2%.
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SPCB | Hot Stocks09:16 EDT SuperCom CEO expands personal share purchase program to 2M shares - SuperCom announced that SuperCom President and CEO Arie Trabelsi has notified the company that he has expanded his personal share purchase program from 1M to 2M shares. To date, he has purchased 596,000 SuperCom ordinary shares in the open market through this program, and he plans to continue to purchase shares through this program. Under the CEO purchase program, the CEO may purchase shares in open market transactions or through other authorized methods. The extent to which the CEO purchases SuperCom ordinary shares and the timing of such purchases is at the discretion of the CEO and will depend upon market conditions and regulatory requirements. This program does not require the purchase of any minimum number of shares.
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VLP... | Hot Stocks09:08 EDT Cushing, Swank Capital announce constituent change to The Cushing 30 MLP Index - Cushing Asset Management and Swank Capital announce an upcoming interim change to the constituents of The Cushing 30 MLP Index. On October 18, 2018, Index constituent Valero Energy Partners (VLP) entered into an Agreement and Plan of Merger with Valero Energy Corporation (VLO) and various subsidiaries that would result in VLP common units ceasing to be publicly traded, subject to the approval of the holders of at least a majority of the VLP common units. A subsidiary of VLO that holds a majority of common units of VLP is expected to furnish its written consent approving the Merger Agreement on or after January 3, 2019. Per the Index's methodology guide, after the market closes on January 2, 2019, and effective on January 3, 2019, Tallgrass Energy (TGE) will replace VLP as a constituent of the Index at VLP's then-current weight. There will be no changes to the remaining constituents of the Index due to this event.
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GIGM | Hot Stocks09:01 EDT GigaMedia CEO Cheng-Ming Huang purchases 150,000 shares - GigaMedia announced that its CEO Cheng-Ming Huang a.k.a. James Huang has purchased a total of 150,000 shares of GigaMedia stock by Pacific Star Universal Group at an average price of $2.7962 on December 19th and 21st, 2018. The purchases were made during an open window period and in full compliance with all company and legal guidelines. Cheng-Ming Huang now holds a total of 700,066 shares, an ownership of around 6.33% in the company.
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TCON | Hot Stocks08:45 EDT TRACON Pharmaceuticals submits TJ4309 IND to FDA - TRACON Pharmaceuticals announced that TRACON has submitted an investigational new drug, or IND, application with the FDA for the initiation of a Phase 1 clinical study of TJ4309 in patients with advanced solid tumors. TJ4309, also known as TJD5, is a CD73 antibody from I-Mab's proprietary discovery pipeline that is being co-developed through an agreement between TRACON and I-Mab that was signed on November 28. The agreement between the two companies is part of a broad strategic partnership to develop multiple immuno-oncology programs with first-in-class and best-in-class potential from I-Mab's immuno-oncology portfolio, including several proprietary bispecific antibodies under development by I-Mab.
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ACER | Hot Stocks08:43 EDT Acer Therapeutics submits Edsivo NDA to FDA, granted priority review - Acer Therapeutics announced that the FDA has accepted for review Acer's new drug application, or NDA, for Edsivo for the treatment of vascular Ehlers-Danlos syndrome, or vEDS, in patients with a confirmed type III collagen mutation. The FDA also granted a priority review of the NDA and assigned a Prescription Drug User Fee Act, or PDUFA, target action date of June 25, 2019. Priority review is a designation granted by the FDA to accelerate the review process for drugs that offer a significant improvement in treatment or provide treatment where no satisfactory alternative therapy exists.
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FCEL | Hot Stocks08:40 EDT FuelCell announces $100M finance facility with Generate Capital - FuelCell announced the signing of a project finance facility with a recognized leader in sustainable infrastructure investing, Generate Capital. The facility will be used by FuelCell Energy to finance the construction, installation and commissioning of the company's current and future project backlog and awards. Under the terms of the agreement, FuelCell Energy will submit projects to Generate Capital over a 36-month period. Once an individual project is funded, the construction loan will remain outstanding until the project becomes commercially operational. The facility structure provides for aggregate principal commitments up to $100M, with accordion features enabling expansions up to $300M, if certain performance criteria are met, subject to funding availability. The initial draw amount under this facility, funded at closing, is $10M. The initial draw reflects loan advances for the first approved project under the facility, the Bolthouse Farms five-megawatt project in California. Additional drawdowns are expected to take place as FuelCell Energy completes certain project milestones. The company expects to use this project finance facility to fund the construction of its utility-scale backlog, including the three projects totaling 39.8 MW with PSEG Long Island and the two projects awarded pursuant to the Connecticut DEEP RFP, totaling 22.2 MW.
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SXE | Hot Stocks08:37 EDT Southcross Energy Partners CFO Bret Allen to depart, Michael Howe to succeed - Southcross Energy Partners announced the appointment of Michael Howe as senior VP and CFO of Southcross Energy Partners, the general partner of Southcross, effective January 4, 2019. Howe succeeds Bret Allan, who notified the partnership that he had accepted a position with another company on December 14 and accordingly, was resigning from Southcross effective January 4, 2019. Howe joins Southcross having served most recently as CFO of the Medical Benevolence Foundation.
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SKYS | Hot Stocks08:34 EDT Sky Solar announces TK interest purchase, sale agreement with SPC - Sky Solar announced that it and its wholly-owned subsidiaries Sky Solar Japan, or SSJ, and Sky International Enterprise have entered into a TK interest purchase and sale agreement with Solar Partnership Capital, or SPC, and Conscious Partners KK. The agreement is related to the TK partnership established on August 28, 2015, when SSJ entered into a silent partnership agreement with SPC to build and operate approximately 107 MW of solar projects in Japan. Under the terms of the agreement, Sky Solar made a payment of $18M to SPC upon the signing of the agreement and an additional $121M will be paid on or before April 1, 2019, at which time SPC's entire interest under the TK agreement will be transferred to Sky Solar or any of its designated purchasers. The TK interest purchase payment is guaranteed by Sky Solar and its subsidiaries. In addition, on December 20, SPC withdrew the lawsuit it filed against SSJ on June 25, which alleged significant differences in the interpretation of certain terms of the silent partnership between SSJ and SPC, and purported to seek certain damages. Furthermore, Sky Solar has the option to raise external financing by utilizing the projects under the TK agreement, or it can initiate a process to sell the projects under the TK agreement. The proceeds from either of these transactions will be used to make the TK interest purchase payment.
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DELL DVMT | Hot Stocks08:18 EDT NYSE: Dell Technologies Class C shares begin trade on 'when issued' basis today - NYSE has determined that the Class C Common Stock issued by Dell Technologies Inc. is part of a new security offering that will trade on a "when issued" basis, under the ticker DELL WI with CUSIP 24703L202, today, December 26, 2018. "As this new offering has not previously traded on any listing market and has no prior day's closing price, Regulation SHO Rule 201 will not apply to security DELL WI until its second day of trading on NYSE. Further, NYSE Rule 123D(d) will apply and the security will be in a regulatory halt until the NYSE has opened trading," the NYSE stated in its notice to traders. Reference Link
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GNMK | Hot Stocks08:12 EDT GenMark receives FDA 510 clearance for ePlex BCID-FP panel - GenMark announced that it has received FDA 510 market clearance from the FDA for its ePlex blood culture identification fungal pathogen, or BCID-FP, panel. This panel, together with the ePlex blood culture identification gram-positive, or BCID-GP, and gram-negative panels, were developed for the diagnosis and disease management of bloodstream infections, or BSI, that can lead to sepsis. The BCID-FP panel has the broadest coverage of fungal pathogens compared to other commercially available molecular panels and includes many resistant and emerging strains, including Candida auris. Fungal pathogens are a growing cause of BSI and are associated with some of the highest mortality rates.
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M... | Hot Stocks08:11 EDT Mastercard says U.S. holiday season retail sales up 5.1% from last year - Mastercard SpendingPulse reports that U.S. holiday sales from November 1 through December 24 increased 5.1% to more than $850B this year, calling this "the strongest growth in the last six years." Online shopping also saw gains of 19.1% compared to 2017, according to Mastercard SpendingPulse, which reports on national retail sales across all payment types based on aggregate sales activity in the Mastercard payments network, coupled with survey-based estimates for certain other payment forms, such as cash and check. Total apparel had a strong season with a growth rate of 7.9% compared to 2017, while electronics and appliances were down 0.7%, Mastercard stated. "Department stores finished the season with a 1.3% decline from 2017. This follows two years with growth below 2%, some of which can be attributed to store closings. However, the online sales growth for department stores indicated a more positive story, with growth of 10.2%," the report added. Publicly traded department store retailers include J.C. Penney (JCP), Kohl's (KSS), Macy's (M), Nordstrom (JWN) and Sears (SHLD). Mass market retailers include Walmart (WMT) and Target (TGT). Specialty retailers include Best Buy (BBY), Gap (GPS) and L Brands (LB).
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AMTX | Hot Stocks08:09 EDT Aemetis subsidiary secures $30M equity investment - Aemetis announced that its subsidiary, Aemetis Biogas, closed a $30M equity investment without any dilutive stock issuances by Aemetis and funded the first $8.3M tranche to subsidiary Aemetis Biogas to build, own and operate dairy biomethane digesters, pipelines and gas cleanup/compression facilities primarily under 20-year agreements with dairy farms in California. Dairies produce about 25% of California's methane emissions and have become targets of carbon regulations aimed to reduce climate change. With a carbon intensity under the California Low Carbon Fuel Standard of about negative 300, dairy biomethane is valuable, but needs to be collected at the dairy, pipelined to a central processing facility, then cleaned and compressed for use as renewable natural gas in converted diesel trucks and other natural gas vehicles. The project will initially connect about a dozen dairies to Aemetis' ethanol plant in Keyes, California, with expansion plans to more than three dozen dairies in the local area. The Aemetis plant supplies Wet Distillers Grain feed to about 100 dairies.
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IMMU | Hot Stocks08:06 EDT Immunomedics, Johnson Matthey expand master supply agreement - Immunomedics and Johnson Matthey announced the companies have expanded their long-term master supply agreement under which Johnson Matthey will continue to scale the manufacturing of CL2A-SN-38, the drug-linker that is a key component of sacituzumab govitecan, Immunomedics' lead antibody-drug conjugate currently under priority review by the FDA for accelerated approval as a treatment for patients with metastatic triple-negative breast cancer. This is part of Immunomedics' ongoing commitment to invest in and scale its global supply capacity with world-class partners in each component of its supply-chain. Financial terms of the agreement were not disclosed.
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OPNT SNY | Hot Stocks08:04 EDT Opiant Pharmaceuticals licenses drinabant for ACO from Sanofi - Opiant Pharmaceuticals (OPNT) announced that it has entered into an exclusive global licensing agreement with Sanofi (SNY) for the development and commercialization of drinabant for the treatment of acute cannabinoid overdose, or ACO. Opiant intends to develop drinabant, a cannabinoid CB-1 receptor antagonist, as an injectable for administration in an emergency department setting. ACO is most frequently linked to the ingestion of edibles containing large quantities of D9-tetrahydrocannabinol, or THC, and synthetic cannabinoids that are more potent and less expensive than marijuana. Edibles, sold as brownies, cookies and candies, pose particular risks for children, who often consume these by accident. Based on 2014 rates from the National Emergency Department sample and United States Census Bureau figures, the company estimates that ACO resulted in more than one million emergency department visits in the United States in 2016. With an increasing number of states legalizing marijuana for personal and recreational use, ACO rates are expected to rise. Symptoms of ACO produced by edibles and synthetic cannabinoids can include panic and anxiety, feelings of paranoia, agitation, visual and auditory hallucinations and nausea. These symptoms often require emergency medical attention and can take six or more hours to resolve. There are currently no approved treatments for ACO. Under the terms of the transaction, Opiant will pay Sanofi an upfront fee of $500,000, with any further payments contingent upon Opiant achieving certain clinical, regulatory and sales milestones. Opiant will assume all development and commercial responsibilities related to drinabant.
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NSSC | Hot Stocks08:01 EDT NAPCO Security announces stock repurchase plan of up to 500,000 shares - NAPCO Security Technologies announced that its Board of Directors has authorized a new share repurchase program for the Company.The new stock repurchase program is for up to 500,000 shares of the approximately 18.6M shares outstanding. The repurchase will be made from time to time in the open market or in privately negotiated transactions subject to market conditions and the market price of the common stock. Under the repurchase program authorized in 2014 to repurchase up to 1,000,000 shares the Company has the ability to repurchase approximately 52,000 shares.
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AMC | Hot Stocks07:49 EDT AMC Entertainment's A-List program surpasses 600,000 members - AMC Theatres' Stubs A-List program has surpassed more than 600,000 members. AMC Theatres introduced A-List on June 26, and at the time, the company expected to hit 500,000 members a full year after launch. AMC Stubs A-List rewards guests with up to three movies per week.
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NEOS TEVA | Hot Stocks07:33 EDT Neos Therapeutics announces settlement with Teva on Contempla patent litigation - Neos Therapeutics (NEOS) announced that it has entered into a confidential settlement and licensing agreement with Teva (TEVA) to resolve all ongoing litigation involving Neos' patents protecting its Cotempla XR-ODT extended-release orally disintegrating tablets and Teva's abbreviated new drug application, or ANDA, filed with the FDA to market a generic version of that product. Under the settlement and license agreement, Neos has granted Teva the right to manufacture and market its generic version of Cotempla XR-ODT under the Teva ANDA beginning on July 1, 2026, or earlier under certain circumstances. The settlement and licensing agreement is confidential and the agreement is subject to submission to the Federal Trade Commission and the U.S. Department of Justice.
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NEOS TEVA | Hot Stocks07:32 EDT Neos Therapeutics and Teva settle XR-ODT patent litigation case - Neos Therapeutics (NEOS) has entered into a confidential settlement and licensing agreement with Teva Pharmaceuticals (TEVA) to resolve all ongoing litigation involving Neos' patents protecting its Cotempla XR-ODT extended-release orally disintegrating tablets and Teva's Abbreviated New Drug Application filed with the FDA to market a generic version of that product. Under the settlement and license agreement, Neos has granted Teva the right to manufacture and market its generic version of Cotempla XR-ODT under the Teva ANDA beginning on July 1, 2026, or earlier under certain circumstances. The settlement and licensing agreement is confidential and the agreement is subject to submission to the Federal Trade Commission and the U.S. Department of Justice.
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WTR | Hot Stocks07:31 EDT Aqua America receives state approval for new rates in North Carolina - Aqua America announced that its North Carolina subsidiary has received approval from the North Carolina Utilities Commission for a revenue increase of $2.9M, or 5.2%. The new customer rates enable Aqua to recover capital-related costs from work to address naturally occurring iron and manganese filtration, upgrade wastewater treatment plants to prevent overflows, and other improvements to enhance reliability for customers. The revenue increase also covers increases in operating costs to provide water and wastewater service to customers and comply with environmental and health regulations since the utility's last rate request nearly five years ago.
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ICL | Hot Stocks07:15 EDT ICL reaches agreements with State of Israel concerning royalties' arbitration - ICL announced that further to Note 6 of the company's financial report for the third quarter of 2018, the Company hereby updates that, pursuant to the royalties' arbitration between the State of Israel and Dead Sea Works, or DSW, and in accordance with the arbitrators' instructions, discussions were held between the State and DSW, which led to an agreement regarding a series of disputes that constitute the majority of the remaining unresolved disputes. A joint notice regarding the said agreements was submitted to the arbitrators, and they have yet to render a decision in the matter. As part of the aforesaid agreements, DSW will pay the amounts specified in the agreements' document as well as the amounts deriving from the arbitrators' ruling dated October 10, 2018, by December 25, 2018. Accordingly, the company will recognize an expense in its financial reports for the fourth quarter of 2018 at the amount of $27 million, including interest and linkage, for the past periods (2000-2017).
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MYGN | Hot Stocks07:14 EDT Myriad Genetics' Vectra featured in study published in Rheumatology journal - Myriad Genetics announced the results from a large commercial cohort and several clinical studies on development of the adjusted Vectra score that were published in the journal Rheumatology. The key findings are that the adjusted Vectra score significantly outperformed conventional measures of disease activity in predicting radiographic progression in patients with rheumatoid arthritis. The results showed that the leptin-adjusted Vectra score was 5.5 times more predictive of radiographic progression, the BMI-adjusted Vectra score was 4.6 times more predictive, and the original Vectra score was four times more predictive when compared to DAS28. Vectra also outperformed the other common measures evaluated in this study.
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ICL | Hot Stocks07:13 EDT ICL reaches agreements with State of Israel over royalties' arbitration - ICL announced that further to Note 6 of the company's financial report for Q3, the company hereby updates that, pursuant to the royalties' arbitration between the State of Israel and Dead Sea Works and in accordance with the arbitrators' instructions, discussions were held between the State and DSW, which led to an agreement regarding a series of disputes that constitute the majority of the remaining unresolved disputes. A joint notice regarding the said agreements was submitted to the arbitrators, and they have yet to render a decision in the matter. As part of the aforesaid agreements, DSW will pay the amounts specified in the agreements' document as well as the amounts deriving from the arbitrators' ruling dated October 10, 2018, by December 25, 2018. Accordingly, the company will recognize an expense in its financial reports for Q4 at the amount of $27M, including interest and linkage, for the past periods.
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ATNX | Hot Stocks07:08 EDT Athenex launches levothyroxine Sodium for injection - Athenex launched Levothyroxine Sodium for Injection through its subsidiary Athenex Pharmaceutical Division, or APD. The APD product was brought to market in close cooperation with Princeton, NJ-based development partner, MAIA Pharmaceuticals. Per IQVIA sales data, the Levothyroxine Sodium for Injection market in the United States exceeds $85M annually.
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MYGN | Hot Stocks07:08 EDT Myriad Genetics announces publication of Vectra study data - Myriad Genetics announced the results from a large commercial cohort and several clinical studies on development of the adjusted Vectra score that were published in the journal Rheumatology. The key findings are that the adjusted Vectra score significantly outperformed conventional measures of disease activity in predicting radiographic progression in patients with rheumatoid arthritis, or RA. This large study included a cohort of more than 300,000 commercially tested patients with RA and 1,411 RA patients from a clinical trial/registry cohort. An adjusted Vectra DA score was developed to account for three factors known to impact inflammation: age, gender and degree of adiposity proxied either by serum leptin level or body mass index, or BMI. In addition, the adjusted Vectra scores were evaluated for their ability to predict radiographic progression, or RP, and compared with other disease activity measures, including DAS28, DAS28-CRP, SDAI and CDAI. The results showed that the leptin-adjusted Vectra score was 5.5 times more predictive of radiographic progression, the BMI-adjusted Vectra score was 4.6 times more predictive, and the original Vectra score was four times more predictive when compared to DAS28. Importantly, Vectra also outperformed the other common measures evaluated in this study.
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GLOG... | Hot Stocks07:05 EDT GasLog announces two long-term charters with Cheniere Marketing International - GasLog (GLOG) announced that, as referenced in the GasLog press release of August 20, Cheniere (LNG) Marketing International has exercised its option for two new charter party agreements each for a firm period of seven years. To fulfill the charters, two LNG carriers have been ordered from Samsung (SSNLF) Heavy Industries in South Korea.
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GLOG | Hot Stocks07:05 EDT GasLog announces two long-term charters with Cheniere - GasLog announced that Cheniere Marketing International has exercised its option for two new charter party agreements each for a firm period of seven years. To fulfil the charters, two LNG carriers have been ordered from Samsung Heavy Industries in South Korea.
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KALA | Hot Stocks07:04 EDT Kala Pharmaceuticals' NDA for dry eye disease candidate accepted by FDA - Kala Pharmaceuticals' New Drug Application for KPI-121 0.25%, a product candidate for the temporary relief of signs and symptoms of dry eye disease utilizing a two-week course of therapy, has been accepted for review by the FDA. The FDA has set a target action date under the Prescription Drug User Fee Act of August 15, 2019. If approved, KPI-121 0.25% is expected to be the first product indicated for the temporary relief of the signs and symptoms of dry eye disease, which would include treatment of dry eye flares. KPI-121 0.25% utilizes Kala's proprietary AMPPLIFY Drug Delivery Technology to enhance penetration into target tissues of the eye. The NDA submission for KPI-121 0.25% was supported by data from one Phase 2 and two Phase 3 efficacy and safety trials. Based upon the FDA's recommendation, Kala also initiated an additional Phase 3 clinical trial in July, evaluating KPI-121 0.25% for the temporary relief of the signs and symptoms of dry eye disease. The company expects to report top-line results for STRIDE 3 in 4Q19.
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ATNX | Hot Stocks07:02 EDT Athenex launches Levothyroxine Sodium for injection - Athenex announced the launch of Levothyroxine Sodium for injection through its subsidiary Athenex Pharmaceutical Division, or APD. The APD product was brought to market in close cooperation with development partner, MAIA Pharmaceuticals. APD is focused on supplying the U.S. hospital market with specialty injectable products that address unmet or underserved hospital needs, including high-volume, niche and/or shortage products. The Levothyroxine Sodium for injection market in the United States exceeds $85M annually.
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CAPR | Hot Stocks06:45 EDT Capricor Therapeutics puts HOPE-2 clinical trial on voluntary dosing hold - The company said, "On December 21, 2018, Capricor Therapeutics announced that it has put its HOPE-2 clinical trial on a voluntary dosing hold pending an ongoing safety review due to a severe allergic reaction that occurred during patient infusion of blinded investigational product. The patient responded well to medical treatment and is currently asymptomatic. The Company has notified the United States Food and Drug Administration about this issue and is working closely with the FDA on a mitigation plan."
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AMZN | Hot Stocks06:06 EDT Amazon announces record-breaking holiday season orders - Amazon announced a record-breaking holiday season with more items ordered worldwide than ever before. Amazon customers shopped at record levels from a wide selection of products across every department. Some of the best-selling products this season included, Echo Dot, L.O.L. Surprise! glam glitter series doll, fashion items from Carhartt and Bose QuietComfort wireless headphones. Prime membership continued to grow this holiday season, with tens of millions of people starting Prime free trials or paid memberships gaining exclusive shopping and entertainment benefits. This holiday millions of unique items in the U.S. shipped with Prime.
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CYDY | Hot Stocks06:04 EDT CytoDyn names Nitya Ray as CTO - CytoDyn recently hired Nitya Ray to serve as the company's new Chief Technology Officer - Head of Process Sciences, Manufacturing & Supply Chain. Ray served as CytoDyn's Senior Vice President of Manufacturing from November 2015 to June 2017. Most recently, Ray served as Executive VP, Head of Product Development, Manufacturing and Supply Chain of Actinium Pharmaceuticals. Prior to joining CytoDyn in 2015, Ray was Senior Vice President at Progenics Pharmaceuticals.
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ERJ | Hot Stocks05:25 EDT Embraer says Chair of Federal Court revoked injunction in Public Civil Action - Further to the Material Fact of December 20, 2018, Embraer S.A. hereby informs its shareholders and the market that, on December 21, the Chair of the Federal Court of Appeals (3rd Region) revoked the injunction granted in the Public Civil Action n. 5031433-18.2018.4.03.6100, filed before the 24th Federal Civil Court of Sao Paulo. The company will keep its shareholders and the market informed on any material developments related to the Public Civil Action.
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HX | Hot Stocks05:18 EDT Hexindai enters partnership with Kunming Aotou - Hexindai announced that it has further diversified its funding sources by partnering with Kunming Aotou Economic Information Consulting. According to the agreement, Hexindai will carefully assess borrowers leveraging its advanced risk management and credit assessment capabilities before referring them to Kunming Aotou who will facilitate the loans through a trust fund. An initial aggregate principal amount of RMB 30M will be distributed. Hexindai will generate service fee revenues from Kunming Aotou for assisting in the loan facilitation process including referring and assessing the credit worthiness of borrowers.
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BCLI | Hot Stocks05:17 EDT BrainStorm expands manufacturing of NurOwn for Phase 2 progressive MS trial - BrainStorm Cell Therapeutics announced that it has expanded its autologous cell manufacturing capacity to produce NurOwn to support clinical trials in additional indications, including a Phase 2 progressive Multiple Sclerosis study, to begin in first quarter of 2019. MS affects approximately 1 million individuals in the U.S. and 2.5 million individuals worldwide. Approximately half of affected individuals will eventually develop a progressive disease, which may lead to increasing levels of motor, visual, and cognitive functional impairment and disability.
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PT | Hot Stocks05:16 EDT Pintec Technology to enter MoU with Fullerton Financial in China - Pintec Technology and Fullerton Credit, or FC, have entered into a Memorandum of Understanding to jointly expand digital lending solutions to the China market. FC is a group of micro-credit companies wholly owned by Fullerton Financial Holdings. As part of this cooperation, PINTEC will develop digital lending solutions for FC for various online consumer scenarios, and provide technical support to connect FC with a wider range of small and micro-sized enterprises and individual customers.
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VVPR | Hot Stocks05:14 EDT VivoPower announces continued progress on sale of U.S. solar portfolio - VivoPower announced that it is in advanced discussions on the sale of its US solar portfolio with short listed parties who have completed their commercial due diligence processes. VivoPower has received bids for the entire portfolio as well as bids for individual projects and it is working through an optimization exercise with the short listed parties to ensure maximum proceeds from a sale are achieved. Following the retirement of Edward Hyams from the VivoPower board, the company has also been progressing a recruitment process to identify and appoint a suitably qualified independent director to join the board, who is qualified to be a member of the company's audit committee. The company's audit committee currently comprises two independent directors as well as the executive chairman. The recruitment process is consistent with and in accordance with a letter that the company received from The Nasdaq Stock Market, dated December 18, 2018 confirming that the company's audit committee should be comprised of at least three independent members in order to comply with Nasdaq Listing Rule 5605. The letter also confirms that in accordance with Marketplace Rule 5605(c)(4), VivoPower has until (i) the earlier of the company's next annual shareholders' meeting or November 18, 2019; or (ii) if the next annual shareholders' meeting is held before May 15, 2019, to appoint such a qualified independent director in order to be compliant with Nasdaq Listing Rule 5605. VivoPower expects to make an appointment early in the new year in this regard.
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JD | Hot Stocks05:10 EDT JD.com announces $1B share repurchase program - JD.com, announced that its board has authorized a share repurchase program under which the company may repurchase up to $1B of its shares over the next 12 months.
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