Stockwinners Market Radar for November 13, 2019 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service |
UBER | Hot Stocks20:17 EST Uber chairman buys 35K shares of common stock - In a regulatory filing, Uber disclosed that its chairman Ronald Sugar bought 35K shares of common stock on November 8th. The total transaction size was $952K.
|
HPQ | Hot Stocks19:45 EST HP Inc. raises quarterly dividend to 17.6c from 16.0c per share - The dividend is payable on January 2, 2020, to stockholders of record as of the close of business on December 11, 2019.
|
PING... | Hot Stocks18:51 EST Fly Intel: After Hours Movers - UP AFTER EARNINGS: Ping Identity (PING) up 14.0%... Sundial Growers (SNDL) up 10.5%... ProPetro Holding (PUMP) up 8.3%... Perspecta (PRSP) up 7.9%.... Hillenbrand (HI) up 7.7%... Copa Holdings (CPA) up 6.9%... Personalis (PSNL) up 6.3%... Turquoise Hill (TRQ) up 4.6%... Catasys (CATS) up 4.4%... Lantronix (LTRX) up 3.5%. DOWN AFTER EARNINGS: Super League Gaming (SLGG) down 8.2%... Beazer Homes (BZH) down 5.3%... Cisco (CSCO) down 5.1%... Tetra Tech (TTEK) down 3.7%... NetApp (NTAP) down 1.0%. ALSO LOWER: Fulgent Genetics (FLGT) down 12.1% after equity offering. Movers as of 18:30ET.
|
HT | Hot Stocks18:46 EST Hersha Hospitality CEO: Airnb has definitely had an impact - In an interview on CNBC's Mad Money, Hersha Hospitality CEO Jay Shah said: It's a bit of a risk-off environment with hotel stocks right now... There is flatter growth in New York.
|
FICO | Hot Stocks18:40 EST Fair Isaac director sells 6K shares of common stock - In a regulatory filing, Fair Isaac disclosed that its EVP James Wehmann sold 6K shares of common stock on November 12th. The total transaction size was $2M.
|
PUMP | Hot Stocks18:33 EST ProPetro discloses U.S. SEC probe - ProPetro has filed a Current Report on Form 8-K that provides updates regarding the audit committee's internal review, as well as related accounting conclusions regarding the existence of at least two material weaknesses, recently filed shareholder litigation, a Securities and Exchange Commission investigation and related matters. The audit committee has continued to review the matters previously disclosed in the company's Current Reports on Form 8-K filed with the SEC on August 8, 2019 and October 9, 2019. Since October 9, 2019, the Audit Committee has identified one related party transaction that was not previously disclosed and is described in greater detail in the Form 8-K. The company and certain of its officers and directors have been named in a shareholder class action lawsuit that was filed in September 2019 and remains in its early stages. The company has also been advised by the SEC that the SEC has opened an investigation into the company, and the company has cooperated and expects to continue to cooperate with the SEC's investigation. The company cannot currently predict the duration, scope or results of either of these proceedings, including whether either or both may have a material adverse impact on the company. ProPetro has also filed a Form 12b-25, Notification of Late Filing, with the SEC today regarding its inability to timely file its Form 10-Q for the third quarter of 2019. The company does not currently expect to be in a position to file amended, delinquent or future SEC filings prior to the end of 2019. As described in the Form 8-K and Form 12b-25, the company will continue to seek to take all appropriate actions and make necessary filings with the SEC with a view to becoming current in its filing obligations under the Securities Exchange Act of 1934, as amended, as soon as reasonably practicable.
|
DXCM WBA | Hot Stocks18:25 EST DexCom CEO: The type 2 diabetes business is just getting started - In an interview on CNBC's Mad Money, DexCom (DXCM) CEO Kevin Sayer said: We have coverage with many of the major payers... We just inked a deal with Walgreens (WBA)... The integration of healthcare data is the next frontier.
|
EQS | Hot Stocks18:19 EST Equus reports Q3 NAV per share of $3.63 - Equus Total Return reports net assets as of September 30, 2019, of $49.0 million, an increase of approximately $1.1 million since June 30, 2019. Net asset value per share increased to $3.63 as of September 30, 2019 from $3.55 as of June 30, 2019.
|
GLD | Hot Stocks18:03 EST SPDR Gold Shares holdings fall to 896.77MT from 897.09MT - This is the second consecutive decline and the lowest level of holdings since September 20th.
|
CPA | Hot Stocks17:57 EST Copa Holdings reports October capacity down 4.8%, traffic down 1.4% - Copa Holdings released preliminary passenger traffic statistics for October, 2019. Copa Holdings' capacity, or ASMs, decreased 4.8%, while system-wide passenger traffic, or RPMs, decreased only 1.4% year over year. As a result, system load factor for the month was 84.9%, 2.9 percentage points higher than October 2018.
|
CCI | Hot Stocks17:51 EST Crown Castle chairman buys 10.9K shares of common stock - In a regulatory filing, Crown Castle disclosed that its chairman Landis Martin bought 10.9K shares of common stock on November 12th. The total transaction size was $1.42M.
|
BAESY | Hot Stocks17:44 EST BAE Systems awarded maximum $270.6M Navy contract modification - BAE Systems was awarded a maximum-value $270.6M, firm-fixed-price modification to its previously-awarded contract to exercise option year three for the accomplishment of fixed-priced delivery orders for emergent and continuous ship maintenance availabilities for ships homeported in Mayport, Florida. These six companies will have the opportunity to provide offers for individual delivery orders. Work will be performed in Mayport, Florida, and is expected to be completed by November 2020. No funding will be obligated at time of award. The Southeast Regional Maintenance Center is the contracting activity.
|
HBT | Hot Stocks17:38 EST HBT Financial director Patrick Busch buys over 13K shares of company stock - HBT Financial director Patrick Busch disclosed in a filing that he had purchased 13,228 shares of company stock at an average price of $16.93 per share between November 8 and November 11, for a total transaction value of $223,898.
|
SU | Hot Stocks17:32 EST Suncor increases share repurchase program by $500M - Suncor's board approved an increase to the company's current share repurchase program of an additional $500M increasing the program to $2.5B from $2.0B. Should market conditions allow, Suncor expects to repurchase between $2.0B-$2.5B of common shares by the end of February 2020. As of November 8, 2019, Suncor has completed repurchases of $1.74B, or approximately 42.7M shares under the board approved program, representing approximately 2.8% of total shares outstanding. Since recommencing the share repurchase program in May of 2017, Suncor has repurchased approximately $6.6B, or 149.3M shares, for approximately 8.9% of total shares outstanding at that time.
|
LLY | Hot Stocks17:12 EST FDA committee says benefits of empagliflozin do not outweigh risks - The FDA Endocrinologic and Metabolic Drugs Advisory Committee, or EMDAC, voted 14 to 2 that the benefits of empagliflozin 2.5 mg do not outweigh the risks to support approval as an adjunct to insulin for adults with type 1 diabetes. Empagliflozin 2.5 mg is an SGLT2 inhibitor being developed by Boehringer Ingelheim and Eli Lilly and Company (LLY). A separate brand name has been proposed for empagliflozin 2.5 mg in type 1 diabetes. Advisory committees provide the FDA with independent opinions and recommendations from outside medical experts during the drug review process. The FDA is not obligated to follow their recommendation, but it often does.
|
DPZ | Hot Stocks17:07 EST Domino's Pizza's Goldman sells 2,486 common shares - In a regulatory filing, Domino's Pizza director James A. Goldman disclosed the sale of 2,486 common shares of the company at a price of $279.978 per share on November 11.
|
BLK | Hot Stocks17:00 EST BlackRock CFO sells nearly 4,000 common shares - In a regulatory filing, BlackRock CFO Gary Shedlin disclosed the sale of 3,995 common shares of the company at a price of $486.8629 per share on November 11.
|
CSCO | Hot Stocks16:54 EST Cisco says cyber security is a top priority for customers - Says innovation pipeline remains strong. Says remains in a challenging macro-environment. Says all business were up in Q1 besides routing. Sees Q2 tax rate of 20%. Says quarter had tough comparisons. Says feeling positive impact of software mix on margins. Sees pricing erosion for service market now that DRAM prices are going down. Comments taken from Q1 earnings conference call.
|
CPA | Hot Stocks16:52 EST Copa Holdings reports Q3 load factor up 1.4pts to 85.6% - Copa Holdings reports Q3 yield per passenger mile increased 7.9% to 12.5 cents and revenue per available seat mile, or RASM, increased 9.4% to 11.1 cents. Excluding fuel costs, CASM increased 5.5%, "due to the decrease in capacity related to the grounding of the Boeing MAX fleet." Capacity, measured in available seat miles, or ASMs, decreased by 3.7% due to the grounding of the Boeing MAX fleet, consolidated passenger traffic decreased by only 2.2%. As a result, consolidated load factor for the quarter increased 1.4 percentage points to 85.6%.
|
RLI | Hot Stocks16:52 EST RLI Corp. declares special cash dividend of $1.00 per share - Payable on December 20 to shareholders of record as of November 29.
|
AOBC | Hot Stocks16:50 EST American Outdoor Brands trading resumes
|
IDXG CGIX | Hot Stocks16:48 EST Interpace Diagnostics changes name to Interpace Biosciences - Interpace Diagnostics (IDXG) has changed its name to Interpace Biosciences to better reflect its new business model that combines its traditional esoteric molecular diagnostic business with its recent acquisition of the BioPharma business of Cancer Genetics (CGIX), now known as Interpace Pharma Solutions, that uses its proprietary test systems and platforms to support drug discovery and development valued by pharmaceutical and biotechnology companies. Interpace Biosciences will continue to trade on NASDAQ as IDXG.
|
CSCO | Hot Stocks16:45 EST Cisco down about 5% to $46.17 after Q2 guidance trails estimates
|
BHP | Hot Stocks16:42 EST BHP Group names Mike Henry CEO - The board of BHP Group announced that Mike Henry has been appointed Chief Executive Officer of BHP, following a thorough succession process. Henry will assume the role of CEO and Executive Director effective 1 January 2020, replacing Andrew Mackenzie who will retire as CEO on 31 December 2019. Mike Henry's employment contract will be effective from 1 January 2020. He was appointed to his current role of President Operations Minerals Australia in 2016, and has been a member of the Executive Leadership Team since 2011.
|
PFNX | Hot Stocks16:40 EST Pfenex CFO Susan Knudson resigns 'for personal reasons' - Pfenex announced that Susan Knudson has resigned for personal reasons from her role as Senior Vice President, CFO effective November 13, 2019, but will continue to support the company by providing transition services until February 1, 2020. The company is conducting a search for a successor.
|
CANG | Hot Stocks16:38 EST Cango receives NYSE letter of listing standards non-compliance - Cango received a notification letter from the NYSE indicating that the company is not currently in compliance with NYSE listing standards for stockholders, including number of total stockholders of at least 400 or number of total stockholders of at least 1,200, if the average monthly volume is less than 100,000 for the most recent 12 months. Therefore, the company is now subject to the procedures set forth in Sections 801 and 802 of the Manual. The company needs to respond within 90 days, which is no later than January 22, 2020, with a business plan that demonstrates how the company expects to return to compliance with the first two standards within a maximum period of 18 months from receipt of the Notification Letter. The Notification has no impact on listing or trading, as Cango's ADS will continue to be listed and traded on the NYSE.
|
SJM | Hot Stocks16:36 EST J.M. Smucker announces new executive leadership structure effective Nov 25 - The J. M. Smucker Company announced an evolution of its executive leadership structure and team reporting to President and Chief Executive Officer, Mark Smucker. The new executive leadership structure is effective November 25, 2019. The company has announced the establishment of a Chief Operating Officer role and commenced a search process, inclusive of external candidates. This position will provide strategic and operational oversight of the Company's U.S. Pet Food and Pet Snacks, Coffee, Consumer Foods and North American Away From Home businesses, as well as its Operations and Supply Chain functions. Geoff Tanner, Senior Vice President, Growth and Consumer Engagement, has been elected Chief Marketing and Commercial Officer. In this role, Tanner will continue to lead the Company's Marketing, Innovation, Insights and eCommerce functions, while expanding his responsibilities to include the U.S. Retail Sales and Market Development functions. Jill Penrose, Senior Vice President, Human Resources and Corporate Communications, has been elected Chief People and Administrative Officer. In this role, Penrose will continue to lead the evolution and further integration of the Company's administrative functions, including Human Resources, Corporate Communications, Government Relations, Corporate Sustainability, Charitable Giving and Corporate Services, while expanding her responsibilities to include Information Services. Amy Held, Senior Vice President, Corporate Strategy, M&A and International, has been elected Chief Strategy and International Officer. In this role, Held will continue to lead the Company's Corporate Strategy, M&A and International functions. Jeannette Knudsen, Senior Vice President, General Counsel and Secretary, has been elected Chief Legal and Compliance Officer and Secretary. In this role, Knudsen will continue to lead the Company's Legal, Regulatory, Compliance and Risk Management functions. Tucker Marshall, Vice President, Finance, has been promoted to Senior Vice President and Deputy CFO and elected an Officer of the Company, effective November 25, 2019. He will succeed Belgya as CFO May 1, 2020, following the completion of the current fiscal year. As part of these executive leadership changes, Dave Lemmon, President, Pet Food and Pet Snacks, and Kevin Jackson, Senior Vice President, U.S. Retail Sales and Away From Home, are no longer in leadership roles, effective today, and will officially be exiting the Company in early December. The Company has initiated a search process for both roles, inclusive of external candidates.
|
AOBC | Hot Stocks16:33 EST American Outdoor Brands: CFO Buchanan to retire after completion of spin-off - James Debney, President and CEO, and Jeffrey Buchanan, CFO, will continue to lead AOBC until the completion of the separation and spin-off of the outdoor products and accessories business in the second half of calendar 2020. Buchanan will serve as the lead executive on coordinating and executing the separation of the two businesses. Upon the successful completion of the spin-off, Buchanan plans to retire after 15 years of service to AOBC, including six years as a member of the Board of Directors prior to becoming CFO. Upon Buchanan's retirement, Deana McPherson will assume the role of CFO of Smith & Wesson Brands, and H. Andrew Fulmer will serve as CFO of American Outdoor Brands.
|
AMZN | Hot Stocks16:33 EST Amazon announces AWS Data Exchange - Amazon Web Services announced AWS Data Exchange, a new service that makes it easy for millions of AWS customers to securely find, subscribe to, and use third-party data in the cloud. Qualified data providers include category-leading brands such as Reuters, who curate data from over 2.2 million unique news stories per year in multiple languages; Change Healthcare, who process and anonymize more than 14 billion healthcare transactions and $1 trillion in claims annually; Dun & Bradstreet, who maintain a database of more than 330 million global business records; and Foursquare, whose location data is derived from 220 million unique consumers and includes more than 60 million global commercial venues. For qualified data providers, AWS Data Exchange makes it easy to reach the millions of AWS customers migrating to the cloud by removing the need to build and maintain infrastructure for data storage, delivery, billing, and entitling.
|
ZSAN | Hot Stocks16:32 EST Zosano Pharma announces completion of pre-NDA meetings with FDA for Qtrypta - Zosano Pharma announced that it has received minutes from pre- New Drug Application meetings with the FDA for the acute treatment of migraine for Qtrypta. The purpose of the meetings was to confirm the completion of all requisite studies, as well as the proposed clinical, non-clinical, and chemistry, manufacturing, and controls content and format of the company's NDA submission, which the company expects to make in December 2019. The company was granted two separate pre-NDA meetings to discuss the development program. A face to face meeting was held with the FDA in September to discuss the nonclinical and clinical portions of the program. A second pre-NDA meeting request was granted to discuss CMC, and FDA recently provided its written responses to the company's questions in lieu of holding an in-person meeting. Based on the feedback from the FDA, the company believes the information included in its planned NDA will be sufficient for the FDA to file the NDA for substantive review. "We are encouraged by the pre-NDA minutes received from FDA after our collaborative meetings. This is an important milestone as we head into the final stages of completion of the NDA," said Hayley Lewis, Senior Vice President, Operations.
|
SJM | Hot Stocks16:29 EST J.M. Smucker CFO Mark Belgya to retire in September of 2020 - J. M. Smucker announced that Mark Belgya, Vice Chair and CFO, has communicated his decision to retire September 1, 2020. Following a comprehensive internal and external search, Tucker Marshall, Vice President, Finance, has been elected to succeed Belgya as CFO, reporting to President and CEO, Mark Smucker.
|
AOBC | Hot Stocks16:26 EST American Outdoor Brands split targeted for completion in 2H20 - The transaction is currently targeted to be completed in the second half of calendar 2020, subject to final approval by AOBC's Board of Directors, customary regulatory approvals, and tax and legal considerations. Throughout the separation process, AOBC management will remain committed to the business and all key stakeholders, including customers, employees, and stockholders. AOBC plans to announce further details on the composition of the respective Boards of Directors ahead of the completion of the transaction. Investor roadshows will be scheduled for both companies during the first half of calendar 2020.
|
AOBC | Hot Stocks16:25 EST American Outdoor Brands: Mark Smith to become CEO of Smith & Wesson Brands - Upon successful completion of the spin-off, Mark Smith will become CEO of Smith & Wesson Brands. Smith is currently the President of the Manufacturing Services Division of AOBC and supports all of its businesses. During his tenure, the company achieved significant growth while optimizing its manufacturing footprint and achieving record level gross margins. In addition to his ten years of operations and leadership experience in the firearms industry, he has over 20 years of operations and supply chain management experience in leadership roles across multiple industries, from Fortune 500 to diversified international corporations.
|
AOBC | Hot Stocks16:22 EST American Outdoor Brands to separate into two publicly traded companies - American Outdoor Brands announced that its Board of Directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. The proposed transaction, which is expected to be completed in the second half of calendar 2020, would create two independent publicly traded companies: Smith & Wesson Brands (which would encompass the firearm business) and American Outdoor Brands (which would encompass the outdoor products and accessories business). The purpose of the spin-off is to enable the management team of each company to focus on its specific strategies, including (1) structuring its business to take advantage of growth opportunities in its specific markets; (2) tailoring its business operation and financial model to its specific long-term strategies; and, (3) aligning its external financial resources, such as stock, access to markets, credit, and insurance factors, with its particular type of business. Barry Monheit, Chairman of the Board, said, "There have been significant changes in the political climate as well as the economic, investing, and insurance markets since we embarked upon what we believe have been our very successful diversification efforts. We believe that separating into two independent public companies will allow each company to better align its strategic objectives with its capital allocation priorities. We also believe that this action will give the investment community clearer insight into the value creation potential in each of these independent companies, ultimately driving enhanced stockholder value. From the standpoint of our stockholders, at the time of the spin-off, the AOBC stockholders will own 100% of each company, thereby maintaining their pre-spin interest in both companies, and will thereafter have the ability to make distinct investment decisions tailored to their particular investment profile." James Debney will become CEO of American Outdoor Brands, Inc. upon successful completion of the spin-off of that company. Debney joined Smith & Wesson in November 2009 as President of the Firearms Division, and, in 2011, was promoted to President, CEO, and Board Member of its parent company, AOBC. Under Debney's leadership, AOBC grew its market-leading firearm business, while developing and successfully executing a diversification strategy to expand into the outdoor products and accessories business. Debney oversaw the acquisition of a number of well-known consumer brands that, when combined with organic growth, helped the new division to deliver 25% of AOBC's total fiscal 2019 revenue. Debney has over 25 years of leadership and management experience in multi-factory, multinational organizations that address both consumer and business-to-business environments. He previously served as President of Presto Products Company, a $500 million former plastic products business unit of Alcoa Consumer Products.
|
AOBC | Hot Stocks16:20 EST American Outdoor Brands to separate into two publicly traded companies
|
NAV GM | Hot Stocks16:20 EST Navistar reports impact of UAW'S strike at General Motors of $140M - Navistar (NAV) reports that the six-week strike of the United Auto Workers union at General Motors (GM) impacted the company's ability to deliver approximately 5,000 vehicles to customers during the company's Q4. Due to Navistar's lost production, the company's 2019 revenue and adjusted EBITDA is expected to be impacted by approximately $140M and $15M, respectively."We are pleased that we have resumed production at our Springfield, Ohio truck assembly plant last week," said CFO Walter G. Borst. "However, the shutdown of our Springfield plant affected our workforce and the delivery of certain units to customers. As a result, our 2019 full year revenue and adjusted EBITDA is now expected to be at the low end of our guidance range." Navistar halted production at its Springfield plant on September 23, suspending production of GM-branded vehicles, as well as Navistar's own commercial trucks. On November 4, Navistar resumed production at its Springfield plant.
|
PK | Hot Stocks16:20 EST Park Hotels & Resorts sells share of Conrad Dublin for $61M in gross proceeds - Park Hotels & Resorts announced that it and its joint venture partners have closed on the sale of their interests in the company that owns the 192-room Conrad Dublin located in Dublin, Ireland, for gross proceeds of EURO$116.4M, before customary closing adjustments and debt repayment. The gross proceeds equate to approximately $128M, or $667,000 per key. Park's pro rata share of gross proceeds was approximately $61M.
|
X | Hot Stocks16:19 EST U.S. Steel commits to reduce greenhouse gas emissions intensity by 20% - United States Steel Corporation announced its plans to reduce greenhouse gas emissions intensity across its global footprint. The company has set a goal to reduce its global greenhouse gas emissions intensity by 20%, as measured by the rate of carbon dioxide equivalents emitted per ton of finished steel shipped, by 2030 based on 2018 baseline levels. This target will apply to U. S. Steel's global operations.
|
PRSP | Hot Stocks16:18 EST Perspecta raises FY20 adj. free cash flow conversion to 105%+ from 95%+
|
ASNA | Hot Stocks16:18 EST ascena retail appoints Justin MacFarlane Chief Customer Officer - ascena retail group announced that Justin MacFarlane has been appointed executive VP, Chief Customer Officer, effective December 2. MacFarlane most recently served as the Chief Strategy, Analytics and Innovation Officer at Macy's (M). In addition, Marisa Baldwin has been promoted to executive VP, Chief Human Resources Officer, effective immediately. Both MacFarlane and Baldwin will report directly to Gary Muto, CEO of ascena.
|
HFC | Hot Stocks16:17 EST HollyFrontier raises quarterly dividend 6% to 35c per share - HollyFrontier Corporation announced that its board of directors declared a regular quarterly dividend of 35c per share, an increase of 6% from 33c per share the prior quarter. The dividend is payable on December 11, 2019 to holders of record of common stock on November 27, 2019.
|
MATW | Hot Stocks16:16 EST Matthews increases quarterly dividend by 5% - Matthews International Corporation announced that its board declared a dividend of 21c per share on the company's common stock, representing an increase of 5.0% to the company's dividend rate. The dividend is payable December 9 to stockholders of record November 25.
|
TPB | Hot Stocks16:16 EST Turning Point Brands names Graham Purdy COO - Turning Point Brands announced the promotion of Graham A. Purdy to Chief Operating Officer. Since joining the company in 2004, Graham has held a wide range of leadership positions. He built and ran the Company's industry-leading sales organization, launched the highly-successful Nu-X new product development engine, and led transaction teams for many of the Company's most important strategic initiatives. In his new role as Chief Operating Officer, Purdy will oversee the day-to-day operations of the business.
|
TRQ | Hot Stocks16:15 EST Turquoise Hill raises 2019 gold production guidance to 240K oz. from 230K oz. - Copper in concentrates remains in the 125,000-155,000 tons range. Continues to expect capital expenditures of $1.1B-$1.2B.
|
PING | Hot Stocks16:13 EST Ping Identity reports Q4 total ARR $206.7M, up 23% from last year
|
CSCO | Hot Stocks16:10 EST Cisco CEO says macro environment 'challenging' - "We delivered a solid quarter against a challenging macro environment," said Chuck Robbins, chairman and CEO of Cisco. "We're focused on continuing to drive innovation, transform our business and exceed our customers' expectations." "We performed well in Q1, growing revenue and delivering strong margins and EPS," said Kelly Kramer, CFO of Cisco. "With software subscriptions now at 71% of our software revenue, we are making good progress in transforming our business model. We continue to invest in our innovation pipeline to generate long-term profitable growth and deliver value for shareholders."
|
EIX | Hot Stocks16:09 EST Southern California Edison settles fire related claims for $360M - Southern California Edison has reached agreements in principle to settle the claims asserted by 23 public entities impacted by the 2017 Thomas and Koenigstein fires, the 2018 Montecito debris flows and the 2018 Woolsey Fire. Under the settlements, payments totaling $360M will be made to the 23 public entities for damages alleged to have been caused by the fires and debris flows, with $150M allocated to the 2017 fire and 2018 debris flow events and the remaining $210M allocated to the 2018 Woolsey Fire. The agreements are a compromise reached by SCE and the public entities to resolve the public entities' claims, and no admission of wrongdoing or liability was made in reaching these agreements.
|
CSCO | Hot Stocks16:09 EST Cisco reports Q1 adjusted gross margin 65.9%
|
CSCO | Hot Stocks16:08 EST Cisco sees Q2 adjusted gross margin 64.5% - 65.5%
|
NTAP | Hot Stocks16:04 EST NetApp names James Whitemore CMO - NetApp announced the appointment of James Whitemore as senior vice president and chief marketing officer at NetApp, reporting to CEO George Kurian. Whitemore has been a key team member of the marketing organization since 2016 and served as interim CMO since July of 2019. "James has held the role of CMO across several organizations and understands where the market is going given his experience building cloud businesses," said Kurian. "He brings a strong balance of sales and marketing experience which is invaluable as the lines blur between the traditional sales motions and digital marketing. I'm excited to have him as part of the team as we continue to drive market leadership in cloud data services."
|
RAVN | Hot Stocks16:03 EST Raven completes acquisition of DOT Technology - Raven Industries announced that it has completed the acquisition of majority ownership of DOT Technology Corp., a leader in autonomous agriculture solutions. The investment will align under the company's Applied Technology division in support of its strategic growth platform, Raven Autonomy.
|
AOBC | Hot Stocks16:00 EST American Outdoor Brands trading halted, news pending
|
OSAGY... | Hot Stocks15:55 EST Auto parts suppliers fall amid China subsidy concerns, earnings commentary - Shares of auto suppliers including Delphi Technologies (DLPH) and Lear Corporation (LEA) are declining after a media report that China could cut its electric car subsidies. CNN Business columnist Michelle Toh wrote on Tuesday that, according to recent industry data, the Chinese market for electric vehicles could drop this year. The CNN columnist cited data from the China Association of Automobile Manufacturers that "the sales of electric, hybrid and fuel cell cars plunged by over 45% in October, marking four straight months of declines in the sector." INSUFFICIENT DEMAND IN CHINA: According to CNN, the assistant secretary-general of the China Association of Automobile Manufacturers said, " Because of the insufficient demand of the domestic market, the pressure for automakers to upgrade their technology to the national standard, and the major subsidy cuts for new energy vehicles, the recovery of production and sales is still limited. Based on the current developing trend, we may see negative growth for new energy vehicles this year." SUPPLIERS CUTTING COSTS: According to Reuters, Continental AG (CTTAY) and Osram (OSAGY) plan more extensive expense reduction after reporting "weaker" results on Tuesday, "as a global slowdown hits the car industry." Additionally, Delphi, an international auto supplier, cut its FY19 EPS and revenue view, citing moderating growth in all regions. Hari Nair, interim CEO of Delphi, said while speaking to investors in late October, "Growth in all regions, especially China, moderated significantly." PRICE ACTION: Shares of Continental are down almost 2%, while Delphi is lower by over 3%. OTHERS TO WATCH: Shares of other auto suppliers are also falling, including BorgWarner (BWA), Autoliv (ALV), Magna (MGA), Dana (DAN), and Lear (LEA).
|
QGEN TMO | Hot Stocks15:43 EST Qiagen shares surge as Thermo Fisher reportedly weighs purchase - Shares of Qiagen (QGEN) jumped in afternoon trading after Bloomberg reported that Thermo Fisher (TMO) is mulling an acquisition of the company and has approached it about a deal. Qiagen shares are up 7.8% after resume trading following a halt.
|
QGEN | Hot Stocks15:39 EST Qiagen trading resumes
|
QGEN | Hot Stocks15:34 EST Qiagen trading halted, volatility trading pause
|
PDLB | Hot Stocks15:01 EST PDL Community Bancorp to repurchase up to 878,835 shares of common stock - PDL Community Bancorp announced that its board of directors has adopted a share repurchase program intended to enhance shareholder value effective November 13, 2019. Under the repurchase program, the company may repurchase up to 878,835 shares of its common stock, or approximately 5% of the current outstanding shares. The repurchases will be made in accordance with a pre-arranged stock repurchase plan adopted by the company in accordance with the guidelines specified under Rule 10b5-1 of the Securities Exchange Act of 1934, as amended, as well as from time to time through privately negotiated transactions at prevailing market prices, depending on market conditions. Repurchases under the company's 10b5-1 plan, administered through an independent broker, are subject to SEC regulations as well as certain market volume, price and timing limitations as set forth in the 10b5-1 plan.
|
DIS | Hot Stocks14:38 EST Disney confirms 10M sign-ups for Disney+ since yesterday's launch - Disney+, the streaming service from The Walt Disney Company, has "already reached a major milestone, achieving a remarkable 10 million sign-ups since launching," the company confirmed in a press release. Disney added: "Moving forward, there are no plans to release Disney+ subscriber data outside of The Walt Disney Company's quarterly earnings calls."
|
LANC | Hot Stocks14:33 EST Lancaster Colony reelects three incumbent directors and elects one new director - Lancaster Colony announced that shareholders reelected three incumbent directors. They are David A. Ciesinski, President and CEO of Lancaster Colony, Kenneth L. Cooke, former President and COO of Intermedix Corporation, and Alan F. Harris, retired Executive Vice President and Chief Marketing and Customer Officer of Kellogg Company. The shareholders also elected to the board Barbara L. Brasier, retired CFO and Senior Vice President of Herc Rentals, Inc., replacing Zuheir Sofia, who is retiring from the board after serving as a director for the past 21 years.
|
LANC | Hot Stocks14:31 EST Lancaster Colony raises dividend to 70c from 65c per share - Lancaster Colony announced that its board of directors has declared a quarterly cash dividend of 70c per common share. The dividend will be payable December 31, 2019 to shareholders of record on December 6. CEO David Ciesinski said, "The increased regular cash dividend reflects the company's continued strong financial position and will be the 226th consecutive quarterly cash dividend paid by the company since September 1963." He noted that the indicated annual payout for the current fiscal year ending June 30, 2020 is $2.75 per share, up from the $2.55 per share paid in fiscal 2019.
|
AXAS | Hot Stocks14:26 EST Abraxas Petroleum says final decision on 2020 capital budget to be made later - Abraxas management and board of directors are carefully weighing the important objectives of free cash flow generation, debt reduction, and production growth. A final decision on the capital budget for 2020 will be made at a later date. Company management and board of directors are also considering operating and overhead cost efficiencies that could be realized in connection with the 2020 capital budget.
|
TTWO NVDA | Hot Stocks14:20 EST Rockstar says 'Red Dead 2' PC stuttering due to issues with Nvidia drivers, GPUs - Take-Two's (TTWO) Rockstar games issued a statement on Twitter in response to complaints about the PC port of "Red Dead Redemption 2." "Over the past week, we have been working as quickly as possible to address issues that have impacted the launch of the PC version of Red Dead Redemption 2," the statement reads. "As a result we have already identified and resolved a number of these issues by deploying fixes to the Rockstar Games Launcher and some to the game itself. However, we are aware that a small number of Red Dead Redemption 2 PC players are still experiencing some ongoing problems with the game stuttering. We believe this is due to unforeseen issues related to specific combinations of Nvidia (NVDA) graphics drivers, Nvidia GPU cards and certain CPU's. We will be rolling out an update to the game today which will address the stuttering issue alongside a host of other fixes. However, we are still currently working together with Nvidia to completely resolve the stuttering issue in a future update, and it may take us up to a few days to properly test everything and ensure the next update completely solves the problem." Reference Link
|
SQM... | Hot Stocks14:17 EST Lithium suppliers fall amid inventory glut in China, 'weak' electric car sales - Shares of Lithium makers including SQM (SQM), Albemarle (ALB), Livent (LTHM), and FMC (FMC) are lower following an Albemarle downgrade by Citi analyst P.J. Juvekar. ELEVATED LITHIUM SUPPLY: Citi analyst P.J. Juvekar downgraded Albemarle to Sell from Neutral with a price target of $58, down from $62. The analyst said he sees elevated inventory in lithium with ~30 kt of surplus carbonate inventory in China. Further, destocking could take another six months or more given "weak" China new electric vehicle sales on the June subsidy cut and the possibility of another subsidy cut in 2020, Juvekar told investors. He believes Albemarle "is feeling contract price pressure" after his lithium industry contacts "show no improvement in sight." FMC CEO SELLS SHARES: On November 1, according to regulatory filings, Pierre Brondeau, the CEO lithium producer FMC, sold over $2.3M shares of company stock. PRICE ACTION: Shares of publicly traded companies with exposure to the lithium market are all down, with Albemarle down almost 1%, Sociedad Quimica y Minera de Chile S.A., or SQM, and Livent losing approximately 5%, and FMC down over 2%.
|
DBX | Hot Stocks13:52 EST Dropbox CEO Houston buys $9.57M worth of shares - Dropbox CEO Andrew Houston acquired 500,000 shares of the company at a price target of $19.14 per share, or $9.57M. Houston now directly owns over 10M shares of Dropbox and indirectly owns over 1.2M.
|
FB | Hot Stocks13:12 EST Facebook adds Instagram data to Community Standards Enforcement Report - Facebook published the fourth edition of its Community Standards Enforcement Report, detailing its work for Q2 and Q3 2019. The company said it is now adding Instagram data to its content moderation transparency report and is including metrics across ten policies on Facebook and metrics across four policies on Instagram. These metrics include prevalence, content actioned, proactive rate, appealed content, and restored content. The company also launched a new page today so people can view examples of how its Community Standards apply to different types of content and see where it draws the line. "For the first time, we are sharing data on how we are doing at enforcing our policies on Instagram," the company said. "In this first report for Instagram, we are providing data on four policy areas: child nudity and child sexual exploitation; regulated goods - specifically, illicit firearm and drug sales; suicide and self-injury; and terrorist propaganda. The report does not include appeals and restores metrics for Instagram, as appeals on Instagram were only launched in Q2 of this year, but these will be included in future reports." In addition, the company said that the report also contains data on suicide and self-injury, expanded data on terrorist propaganda, and estimating prevalence for suicide and self-injury and regulated goods. Facebook said in Q3 it removed about 11.6 million pieces of content, up from Q1 2019 when it removed about 5.8M. In Q2, it removed about 512,000 pieces of content, of which 92.5% it detected proactively. Facebook added that ir emoved 4.4M pieces of drug sale content in Q3 as well as 2.3M pieces of firearm sales content. In addition, Instagram removed 1.5M pieces of drug sale content and about 58,600 pieces of firearm sales content in Q3. Reference Link
|
CRK CHK | Hot Stocks12:51 EST Chesapeake shares pop on asset sale talks as analyst comments on debt covenant - Shares of natural gas firm Chesapeake (CHK) are higher on Wednesday following a report that said Comstock Resources (CRK) is in talks to buy Chesapeake's Haynesville shale assets in Louisiana in a deal that could be worth more than $1B. COMSTOCK IN TALKS TO BUY CHESAPEAKE ASSETS: Comstock Resources is in talks to buy Chesapeake Energy's Haynesville shale assets in Louisiana in a deal that could be worth more than $1B, according to Reuters' Arathy Nair, citing sources. The two oil companies have settled on a structure for the deal and hope to finalize an agreement by year end, the report added. COVENANT BREACH HOPE: On Wednesday, Morgan Stanley analyst Devin McDermott downgraded Chesapeake to Equal Weight from Overweight with a price target of $1.25, down from $2.25, after the company issued a "going concern" warning that it may exceed certain debt covenants within the next 12 months. He estimates Chesapeake's leverage, excluding the "ring-fenced" Brazos Valley subsidiary, at 5.0 times on a rolling 12-month basis and while he expects the company to successfully manage through the potential covenant breach, it will likely require strategic action or waivers, said McDermott, who sees "a wide range" of potential outcomes. CHESAPEAKE CEO CONFIDENT: Chief Executive Officer Doug Lawler commented this week that "Chesapeake continues to strongly believe our current capital and operating program, coupled with the planned 30% reduction in capital expenditures in 2020, will strengthen the financial position of the company for the long term. We have substantial liquidity with no significant near-term maturities. We continue to pursue strategic levers to reduce debt, including asset sales, capital markets transactions, and focus on cost discipline. Additionally, we are de-risking our cash flows through our hedging program and remain confident in our long-term liquidity." PRICE ACTION: Shares of Chesapeake Energy are up over 7% to 73c in afternoon trading.
|
AVP | Hot Stocks12:39 EST Avon Products shareholders approve proposed acquisition by Natura - Avon Products announced that, at a special meeting held today, its shareholders approved the previously announced proposed acquisition of Avon by Natura &Co. More than 75% of Avon's shares outstanding, on an as-converted basis, were voted in favor of the proposal to adopt the merger agreement, the company said. The closing of the transaction is anticipated to occur in early 2020, it added. Under the merger agreement, based upon a fixed exchange ratio of, at the election of each holder, 0.300 Natura &Co American Depositary Shares or 0.600 Natura &Co shares for each share of Avon common stock, Natura Cosmeticos' shareholders will own approximately 76% of the combined company, while Avon common shareholders will own approximately 24%.
|
VZ... | Hot Stocks12:31 EST Disney rallies after announcing 10M streaming sign-ups - Shares of Walt Disney (DIS) moved higher after the company at midday announced that its Disney+ streaming service reached 10M sign-ups since yesterday's launch. Following the news, Disney is up 4% to $143.74 while streaming competitor Netflix (NFLX) dropped 1% to $288.16. Disney is offering a seven-day free trial, so likely not all of the sign-ups represent customers who will continue to pay for the service, CNBC points out. In addition, Verizon Communications (VZ) is also offering its customers a free year of Disney+, which could further boost the subscriber numbers.
|
IRTC | Hot Stocks12:19 EST iRhythm sinks after additional errors leads to quarterly filing delay - Shares of iRhythm Technologies are falling after disclosing the company disclosed this morning that it will not file its quarterly report for the period ended September 30 within the prescribed time period. "As part of the Company's efforts to remediate its previously disclosed material weaknesses, the Company identified errors affecting prior periods in the course of preparing the Form 10-Q that require further analysis," iRhythm said in a regulatory filing. It added, "These errors may result in the correction of previously issued annual and quarterly financial statements. In addition, the error evaluation will include the assessment of any additional control deficiencies." iRhythm intends to file its quarterly report "as soon as reasonably practicable." The stock in midday trading is down 8%, or $5.44, to $61.98.
|
INVE | Hot Stocks12:08 EST Identiv partners with GTSC to address 'evolving threats' to U.S. agencies - Identiv announced that it has joined the Government Technology & Services Coalition, GTSC. By working with GTSC and its members, Identiv strengthens its commitment to delivering the quality products and services required to protect against, mitigate, and respond to security threats. Identiv delivers end-to-end solutions to the U.S. federal government, including its Hirsch Government Federal Identity, Credential, and Access Management, FICAM, Solution and Hirsch physical access control systems - featuring Hirsch Velocity Software, Hirsch ScramblePad Readers, and award-winning Hirsch Mx Controllers - IT-centric Freedom Access Control, and Thursby mobile security. The company's complete security platform has delivered the highest security and quality to U.S. federal government customers for almost 40 years. Identiv is the trusted provider of technologies to a wide range of government organizations, including the U.S Marshals Service, Department of Homeland Security, DHS, U.S. Treasury, Department of Defense, DoD, and Department of State.
|
NFLX DIS | Hot Stocks12:08 EST Netflix down 1% to $288.86 after Disney announces 10M streaming sign-ups
|
DIS | Hot Stocks12:04 EST Disney turns positive after announcing 10M streaming sign-ups - The stock is up 15c to $138.73 after being down earlier in the morning.
|
DIS | Hot Stocks12:03 EST Disney says streaming service achieved 10M sign-ups since launch
|
ENR | Hot Stocks12:00 EST Energizer rises 13.2% - Energizer is up 13.2%, or $5.54 to $47.54.
|
SPB | Hot Stocks12:00 EST Spectrum Brands rises 17.0% - Spectrum Brands is up 17.0%, or $8.71 to $59.97.
|
LN | Hot Stocks12:00 EST Line Corp. rises 21.9% - Line Corp. is up 21.9%, or $8.92 to $49.70.
|
LYV | Hot Stocks11:35 EST Live Nation, Rakuten partner to offer new members rewards and ticket offers - Rakuten and Live Nation Entertainment, comprised of Ticketmaster, Live Nation Concerts, and Live Nation Sponsorship, have partnered to bring rewarding music experiences to fans nationwide. The collaboration offers new members rewards and exclusive ticket offers to Live Nation concerts, as well as various promotional and digital marketing activations across Live Nation and Rakuten online channels. "We're on a mission to deliver new and rewarding experiences to our members, and this collaboration with Live Nation is a big milestone," said Amit Patel, CEO of Rakuten Americas and Rakuten Rewards. "Joining the ranks of Live Nation's partners demonstrates the immense value we provide to consumers." "Rakuten's core principals resonate closely with our mission to create excitement through live events," said Russell Wallach, Global President, Media & Sponsorship Live Nation. "We look forward to collaborating with their team to produce unique and engaging experiences for music fans across the country."
|
INST | Hot Stocks11:14 EST Instructure up 3% as company said to be exploring sale - Shares of Instructure are up 3% to $49.39 after Bloomberg's Kiel Porter, Scott Deveau and Gillian Tan reported that the company is exploring a sale and a number of private equity firms are weighing bids. Reuters reported on October 31 that activist Sachem Head Capital Management had established a new stake in Instructure and intended to push the company to explore alternatives and Bloomberg previously said on November 6 that activist Praesidium was also calling for Instructure to pursue a sale.
|
PRTY | Hot Stocks10:34 EST Party City discloses shareholder's distribution of stake - In a filing, the company said, "On November 12, 2019, funds affiliated with Thomas H. Lee Partners made a distribution in kind of 29,662,256 shares of Party City Holdco's common stock to certain limited partners of the THL Funds and 6,054,002 shares of the Company's common stock to the general partner and affiliated entities of the THL Funds. The shares distributed to the general partner of the THL Funds will be subject to a 15 trading day lock-up. As a result of the distribution in kind, the Second Amended and Restated Stockholders Agreement by and among the Company, affiliates of THL and the other stockholders that are signatories thereto will terminate as to THL, and THL will no longer have the right to nominate board members to the Company's board of directors. THL's current directors, Todd M. Abbrecht and Douglas A. Haber, intend to remain on the board of directors of the Company."
|
MFC | Hot Stocks10:32 EST Manulife Financial, TTC resolve matter related to Healthy Fit case - Manulife and the Toronto Transit Commission have resolved the matter related to the Healthy Fit case. Terms of the settlement, which is related to a 2016 TTC statement of claim, were not disclosed. The parties said,"Manulife and the TTC remain united in a commitment to fraud prevention and collaborated on the investigation that brought Healthy Fit to justice. We're pleased to have worked together, with law enforcement, to stop a fraudulent provider. Healthy Fit owner, Adam Smith, was convicted and sentenced in 2017. "
|
BA | Hot Stocks10:26 EST Boeing appoints Donna Hrinak president of Boeing Canada - Boeing named Donna Hrinak to the newly-created position of president of Boeing Canada. Hrinak will coordinate all company business activities in Canada. She will also be responsible for expanding Boeing's local presence, managing business partnerships and government affairs and pursuing new growth and productivity initiatives in Canada. Hrinak will also continue to serve as president of Boeing Latin America and Caribbean. The appointment is effective immediately. Boeing Managing Director for Canada, Bob Cantwell, will report to Donna Hrinak. Hrinak and Cantwell will work together on the development and implementation of the Boeing Canada enterprise strategy.
|
NFLX... | Hot Stocks10:21 EST Netflix, Nickelodeon to produce original animated feature films and TV series - Netflix (NFLX) and Nickelodeon announced that they have formed a new, multi-year output deal to produce original animated feature films and television series based both on the Nickelodeon library of characters as well as all-new intellectual property. "This marks an expansion of the existing relationship between the companies, which has already brought several popular titles to Netflix, including animated specials Rocko's Modern Life: Static Cling and Invader Zim: Enter the Florpus. Also forthcoming are specials based on The Loud House and Rise of the Teenage Mutant Ninja Turtles," the companies said in a statement. Nickelodeon and all related titles, characters and logos are trademarks of Viacom (VIA,VIAB). Reference Link
|
OXY EC | Hot Stocks10:07 EST Occidental, Ecopetrol complete investment agreement in U.S. Permian Basin - Ecopetrol (EC) informs that it completed the joint venture transaction announced last July 31, 2019. Through this deal, the company and Occidental Petroleum (OXY) agreed to form a strategic alliance or joint venture for the development of unconventional reservoirs in approximately 97,000 acres of the Permian Basin in the State of Texas. Ecopetrol Permian LLC, 100% owned by Ecopetrol S.A., has acquired a 49% stake in Rodeo Midland Basin LLC, a company incorporated in the State of Delaware, meeting the capital requirements of such jurisdiction and whose economic activity will be directed towards the execution of the joint development plan under the JV. After the transaction, which has an already announced value of approximately $1.5B, 50% in cash and 50% in carry, Occidental will retain 51% of Rodeo Midland Basin LLC, through its affiliate Occidental Midland Basin LLC. Presently, there are two rigs in operation in the area. Two wells have been drilled and are in completion in order to achieve their first production by the end of 2019. Activity levels are expected to continue to increase through next year, with four rigs expected to be in operation by the end of 2020. The JV is expected to allow the Ecopetrol Group to incorporate proven reserves of approximately 160 million boe by the end of 2019.
|
HE | Hot Stocks09:58 EST Hawaiian Electric board says ValueAct letter seeking new CEO 'disappointing' - Jeff Watanabe, Chair of Hawaiian Electric's board, said in a letter to shareholders, "This week, Jeff Ubben, founder of the ValueAct Spring Fund, published a letter to the community of Hawaii. Frankly, the letter is disappointing. While Jeff Ubben is entitled to his own opinion, he is not entitled to his own facts. The letter is a misguided, factually inaccurate and misleading attack on HEI, Hawaiian Electric and our commitment to renewable energy, the state of Hawaii and our valued customers and investors. The ValueAct Spring Fund has been a shareholder of HEI for just over a year and is new to getting to know Hawaii and the community our company has served for 128 years. ValueAct has raised the issues in their letter in the past, and we've addressed those directly with Mr. Ubben and his ValueAct colleagues. They don't seem interested in the facts but rather seem intent on pursuing their own agenda - specifically, handpicking a CEO for HEI...We have a strong, capable, independent Board of Directors that takes succession planning seriously and has robust, timely and appropriate succession planning processes in place. The Board has recently added new directors (including one suggested by ValueAct) as part of our ongoing board refreshment process and to maintain the diversity of experience and expertise necessary to oversee the company's strategic direction, including our move to a renewable and sustainable future."
|
OXY | Hot Stocks09:57 EST Occidental sees proceeds from asset sales of at least $15B by middle of 2020 - Occidental Petroleum provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum on August 8. Occidental's incremental progress following third-quarter earnings includes that it has completed the transaction to form its previously announced strategic partnership with Ecopetrol to develop 97,000 net acres of assets in the Midland Basin for $750M in cash plus $750M in carried capital. "The joint venture will allow Occidental to accelerate its development plans in the Midland Basin, where it currently has minimal activity, while working with one of Occidental's most respected partners," the company said. Occidental has also completed the sale of select non-core assets for proceeds of approximately $200M, which will be used for deleveraging. "We are highly confident that the actions we already have in progress will allow us to exceed the upper end of our original $10B-$15B divestiture goal by the middle of 2020. Closing the Midland Basin Joint Venture and completing the sale of additional non-core assets are the latest examples of Occidental's progress towards further strengthening our balance sheet. Deleveraging and strengthening our dividend remain our top priorities. By the middle of 2020 we expect to have closed transactions generating proceeds greater than $15B net of taxes, including the value acceleration of non-strategic or non-core upstream and midstream assets along with the deconsolidation of WES. We will continue to apply proceeds from asset sales to debt reduction, along with fully capturing our acquisition synergies to enhance value for shareholders and position our dividend for continued growth," said President and CEO Vicki Hollub.
|
OXY | Hot Stocks09:55 EST Occidental sees proceeds from asset sales of at least $15B by middle of 2020
|
HZN | Hot Stocks09:47 EST Horizon Global falls -6.9% - Horizon Global is down -6.9%, or -26c to $3.53.
|
SD | Hot Stocks09:47 EST SandRidge Energy falls -7.5% - SandRidge Energy is down -7.5%, or -35c to $4.29.
|
I | Hot Stocks09:47 EST Intelsat falls -11.9% - Intelsat is down -11.9%, or -$2.43 to $17.96.
|
SPB | Hot Stocks09:47 EST Spectrum Brands rises 9.1% - Spectrum Brands is up 9.1%, or $4.69 to $55.95.
|
LN | Hot Stocks09:47 EST Line Corp. rises 13.0% - Line Corp. is up 13.0%, or $5.31 to $46.09.
|
ENR | Hot Stocks09:47 EST Energizer rises 15.4% - Energizer is up 15.4%, or $6.45 to $48.45.
|
CTAS | Hot Stocks09:45 EST Cintas falls after Spruce Point sees 'fraud,' 60%-75% downside risk - Shares of Cintas are falling after Spruce Point Capital Management released a short report on the name. The firm put a "Strong Sell" rating on the shares with downside risk to $69-$107, or 60% to 75% from current share levels. Spruce Point, known for short selling, believes Cintas' Fire Protection Services business "has committed fraud and is causing a public safety hazard by having workers conduct fire and safety inspections without proper licenses or permits, and falsify inspections." In addition, Spruce Point believes Cintas is "facing financial strain" in its core uniform rental business from its 2017 acquisition of G&K for $2.1B. The firm argues that sell-side analysts are "failing to acknowledge any of these problems, or conduct a nuanced valuation of its various business segments to reflect divergent growth and risk profile." Shares of Cintas are down 4%, or $9.63, to $249.22 in early trading. Reference Link
|
CTAS | Hot Stocks09:39 EST Cintas down 3% to $251.45 after Spruce Point issues short report
|
TRPX | Hot Stocks09:32 EST Therapix Biosciences says Phase IIa study of THX-110 met primary endpoint - Therapix Biosciences announced today topline results from its Phase IIa clinical study at Assuta Hashalom Medical Center in Israel, suggesting that THX-110, a combination of dronabinol and CannAmide, positively affects symptoms in adult subjects with obstructive sleep apnea. The study was a single-arm, open-label trial, in which each subject received one daily treatment, each day for 30 days of THX-110 via oral administration and was followed-up for a period of 30 days. Ten subjects participated in the study and received THX-110 at Assuta Hashalom Medical Center in Israel. The primary endpoint of the study was to assess the performance of THX-110 in the treatment of adult patients suffering from OSA, as measured by the Apnea-Hypopnea Index, the gold standard for assessing OSA severity. This measurement evaluates quality of sleep before and after the treatment. Treatment was given in a dose titration regimen with a maximum dose of THX-110 consisting of 10mg dronabinol and 800mg PEA. Of the 10 patients recruited into the study, nine patients have completed the study and one has dropped out of the study due to treatment associated adverse event. Among the remaining nine patients, 55% demonstrated significant improvement in AHI values, where average baseline dropped to endpoint, marking a reduction of around 54%. Two patients reported mild side effects which were resolved, when the dosages of THC were reduced to 5mg/day. In general, THX-110 therapy was well tolerated and has exhibited no serious adverse events. "We are extremely pleased with the obtained results which confirm and re-inforce our previous observation with THX-110," said Ascher Shmulewitz, M.D., Ph.D, Chairman and Interim CEO at Therapix. "Moreover, the proprietary platform on which THX-110 is based on is another example of the successful implementation of the Therapix entourage effect," Dr. Shmulewitz continued. "Though initially the study was planned to include more subjects, the encouraging tendency of the results led us to the decision to reduce the study sample size and finalize the study in order to move to the next stage of this program."
|
NLTX | Hot Stocks09:19 EST Neoleukin Therapeutics expects cash to fund operations through 2021 - Cash and cash equivalents totaled $66.3 million as of September 30, 2019, compared to $76.9 million as of December 31, 2018. The decrease was primarily the result of expenses related to the merger, the cost of expanding the Neoleukin team, and NL-201 IND-enabling activities. Neoleukin expects its cash and cash equivalents to be sufficient to support the development of internal programs. Based upon current internal infrastructure and pipeline initiatives, Neoleukin believes that its cash-on-hand will be sufficient to fund operations through 2021.
|
MNI | Hot Stocks09:16 EST McClatchy CEO sees Q4 revenue below previous year's quarter - McClathy CEO Craig Forman said: "We are cycling against a relatively strong fourth quarter from 2018 when we reported an uptick in political advertising for the mid-term elections and took some very strong expense initiatives that helped the fourth quarter of 2018 and the first three quarters of 2019. So, we are not expecting our sequential improvement in EBITDA to continue in the fourth quarter of this year. But our hard work in the fourth quarter of last year and the first nine months of 2019 have helped to improve results that would otherwise have been shown in our full year EBITDA." Management said the rate of decline in advertising revenues in the year-over-year comparisons will be impacted by the heavy political advertising that helped the fourth quarter of 2018 that will not be repeated in the fourth quarter of 2019. In the full-year of 2019, digital subscriptions are expected to continue to grow and partially offset continuing declines in print circulation, resulting in mid-single digit declines in total audience revenues for the full-year 2019. Proceeds from asset sales are expected to be used to reduce debt in the fourth quarter 2019.
|
AVID SIRI | Hot Stocks09:15 EST Avid Technology provides audio solutions to SiriusXM 's Jazz at Lincoln Center - Avid (AVID) announced that long-time customer SiriusXM Satellite Radio (SIRI) has upgraded its Jazz at Lincoln Center mixing and recording studios with Avid audio hardware and software solutions for its popular live music broadcasts on radio and online streaming. The satellite radio broadcasting company has upgraded its workflow with Pro Tools HDX systems, Avid S6 control surfaces, and Pro Tools MTRX audio interfaces. The upgrade gives Rob Macomber, SiriusXM's chief engineer of the studios at JALC, the sound quality, reliability and flexibility he needs to mix, record and produce the JALC broadcasts.
|
AVAV | Hot Stocks09:14 EST AeroVironment awarded up to $55M Army contract for Raven UAS modifications - AeroVironment announced the U.S. Army awarded the company a firm-fixed-price contract on June 6 to begin radio frequency modifications on its currently deployed Raven UAS. The initial base delivery order is $862,488, with potential contract options valued up to $55M. AeroVironment won the competitive bid as part of the Army's $248.5M five-year indefinite delivery indefinite quantity small UAS sustainment contract announced in April 2018. AeroVironment and six other awardees were selected as part of the IDIQ contract. The Army selected AeroVironment as the sole-source supplier for RQ-20A and RQ-11B spares and for FCS.
|
LOGM HPQ | Hot Stocks09:14 EST LastPass, HP collaborate to boost online security - LogMeIn (LOGM) announced HP (HPQ) will offer easy access to its password management solution, LastPass, to select customers who purchase the new HP Spectre x360 13. Accessible via a Windows Start Tile, HP customers can create a free LastPass account for a simple, secure way to manage passwords and other confidential information. With LastPass, users can store everything from bank accounts to passports to credit card numbers securely in their personal vault, where such information can be organized into folders, shared with others, and given to a family member in the event of an emergency. The LastPass Personal suite includes LastPass Free and Premium for individuals and Families which includes 6 licenses.
|
PRTY | Hot Stocks09:12 EST Party City trading resumes
|
MTBC | Hot Stocks09:11 EST MTBC announces signing of orthopedic practice in New Jersey - MTBC announced that one of New Jersey's leading orthopedic practices has selected MTBC's end-to-end revenue cycle management and request of information solutions, capping one of MTBC's strongest years of new signings. The most recently signed practice, which specializes in orthopedic surgery, sports medicine, and therapeutic services, employs more than 30 providers at its 9 locations.
|
RCI | Hot Stocks09:10 EST Rogers Communications makes investment in Kelowna - Rogers Communications announced it is making significant investments in its wireless network to enhance connectivity in Kelowna, West Kelowna and Westbank First Nation, providing new coverage and a more reliable and consistent experience for Rogers and Fido customers. The $16.5M network investment includes the construction of new towers and major upgrades to existing cell sites, to be completed by early 2020. Network enhancements will deliver significant improvements to coverage, reliability and data capacity, while laying the foundation for 5G in Kelowna, West Kelowna and Westbank First Nation, including in Central City, South Pandosy-KLO, Leathead, Glenrosa Road and Lakeview Heights. The investment also includes premium 600 MHz spectrum Rogers purchased in the federal government's spectrum auction earlier this year. The spectrum is critical to the deployment of 5G which will enable future-ready technology for Okanagan residents and businesses in the near future. The announcement builds on previous Rogers network enhancements across the Okanagan, and a recently announced B.C. customer solution centre coming to the Landmark District of Kelowna in the summer of 2020. The new centre will add 350 high-quality jobs in the region, which will grow to 500 over time.
|
SNWV | Hot Stocks09:08 EST Sanuwave Health signs distribution partnership with Ametus Group - SANUWAVE Health announced that it has signed a distribution partnership agreement with Ametus Group for the commercialization of the dermaPACE System for the treatment of diabetic foot ulcers in the United States. Leveraging Ametus Group's fifty dedicated wound care sales force allows SANUWAVE to ramp up placements much faster than previously expected in a cost effective and capital efficient manner.
|
GOVX | Hot Stocks09:07 EST GeoVax Labs selected to participate in development of potential HIV cure - GeoVax Labs announced its participation in a collaborative effort led by researchers at the University of California, San Francisco, to develop a combinational therapy aimed at inducing remission in HIV-positive individuals. The studies will be conducted with funding from amfAR, The Foundation for AIDS Research. The proposed clinical trial will enroll 20 HIV-infected adults who are on stable and effective antiretroviral therapy. The therapeutic regimen to be tested involves a combination of vaccinations, administration of broadly neutralizing antibodies and a Toll-like receptor 9 agonist. GeoVax will provide its novel boost component for use in the studies. MVA62B is the boosting component for GeoVax's preventive HIV vaccine which has successfully completed a Phase 2a clinical trial and is awaiting funding in support of a Phase 2b pivotal trial. The planned trial, the most comprehensive test to date for the ability of synergistic approaches to control HIV infection, is led by Dr. Steven Deeks of UCSF, a world leader in therapeutic approaches to HIV infections. The primary objectives of the trial will be to assess the safety and tolerability of the combinational therapy and to determine the viral load "set-point" during a treatment interruption. Secondary objectives will be to assess immune responses and changes in viral reservoir status. Patient enrollment for the clinical trial is expected to commence in early 2020.
|
CAT | Hot Stocks09:06 EST Caterpillar reports retail machines sales up 3% in three months end October - Caterpillar reported in a regulatory filing that its total retail machines sales were up 3% on a three month rolling basis in October. For reference, retail sales of machines were up 6% in the period ending in September and up 4% in the period ending in August. The company reported World Resources Industries sales were up 7% in the October-end period, compared to a September-end period increase of 14% and an August-end period increase of 25%. Construction Industries world sales were up 2% in the October-end period, versus up 4% in the prior three-month period ending in September. Total Energy & Transportation Retail Sales were down 4% in the October-end period, and were up 6% in the September-end period.
|
KKR | Hot Stocks09:04 EST Headlands Research acquires six clinical research sites - Headlands Research, a KKR-backed next-generation site organization seeking to profoundly impact the clinical trial landscape, announced that it has acquired six clinical research centers across the U.S. and Canada, establishing a strong foundation to fulfill its mission to make high-quality therapeutics available to patients in an expedited manner. The six acquired research centers span three organizations: Centex Studies, Clinical Research Atlanta, and Okanagan Clinical Trials. Headlands Research aims to disrupt the status quo by leveraging patient-centric best practices to significantly increase the number of people who take part in trials and exceed industry standards with the highest quality data. The acquisition of these six highly regarded and well-established research centers with long-standing research expertise gives the organization a substantial footprint in the site organization landscape.
|
IHRT | Hot Stocks09:04 EST iHeartMedia, Varo Money announce marketing partnership - Mobile banking company Varo Money announced a multimillion dollar marketing partnership with iHeartMedia. Under the agreement, Varo will launch an extensive three-year campaign across iHeartMedia's multi-platform audio network, including its broadcast radio, digital, podcast, social, and live events platforms. The deal helps build further awareness of Varo as one of the most-loved challenger banking companies in the United States and will kick off with a seven-week campaign that spans the largest radio metros in the country, including radio talent out of Atlanta, Chicago, Houston, Dallas, Miami, San Francisco, Phoenix, Las Vegas, Los Angeles, and New York. The multi-year deal with iHeartMedia, which has more than 850 radio stations and reaches a quarter of a billion consumers every month through its broadcast radio assets alone, adds momentum to Varo's hyper-growth around the country.
|
PEP CCL | Hot Stocks09:04 EST PepsiCo selected as beverage partner for Carnival Cruise Line - PepsiCo (PEP) is partnering with Carnival's (CCL) Carnival Cruise Line, to become the preferred beverage partner for its North American fleet. Beginning in January 2020, Carnival Cruise Line will begin serving a variety of beverages from the PepsiCo portfolio featuring premiere brands from Starbucks.
|
YEXT | Hot Stocks09:03 EST Yext, Nextdoor announce global integration - Yext and Nextdoor announced a global integration allowing businesses using Yext to publish facts about them to their Nextdoor Business Pages. The integration gives businesses confidence that consumers searching for them on Nextdoor will get an accurate, brand verified answer. With this new relationship, people in the neighborhood can find facts like business locations, contact information, hours of operation, and more, straight from the business itself on their Nextdoor Business Page.
|
MMX | Hot Stocks09:02 EST Maverix Metals announces inaugural quarterly dividend of 1c per share - The dividend will be paid on January 15, 2020, to shareholders of record as at the close of business on December 31, 2019.
|
TECD... | Hot Stocks08:59 EST Fly Intel: Pre-market Movers - HIGHER: Tech Data (TECD), up 3% after announcing it will be acquired by an affiliate of funds managed by Apollo Global (APO) for $130 per share in a transaction with an enterprise value of approximately $5.4B. UP AFTER EARNINGS: Spectrum Brands (SPB), up 7%...Datadog (DDOG), up 14%... Fiverr (FVRR), up 7%... 2U (TWOU), up 12%... Luckin Coffee (LK), up 14%... Cardlytics (CDLX), up 18%. DOWN AFTER EARNINGS: SmileDirectClub (SDC), down 8%... Stratasys (SSYS), down 5%... Meritor (MTOR), down 10%... Tilray (TLRY), down 2%... Skyworks (SWKS), down 5%... Cheetah Mobile (CMCM), down 2%. ALSO LOWER: Alcoa (AA), down 2% after BofA Merrill Lynch analyst Timna Tanners downgraded shares to Underperform from Neutral with a $21 price target. The analyst cites limited catalysts and a cautious aluminum view, adding that while the stock price has risen about 16% since reporting Q3, aluminum price was up only about 6% in that time frame.
|
PRTY | Hot Stocks08:53 EST Party City trading halted, news pending
|
WMT TU | Hot Stocks08:48 EST Walmart Canada selects Telus Health pharmacy management solution - Walmart Canada (WMT) announced that it has selected TELUS Health's (TU) next generation pharmacy management solution, Ubik, for all of its Acces pharma franchised locations across the province of Quebec. The province-wide rollout is modernizing 68 locations so patients in Quebec can access more clinical health services while pharmacists streamline operations management and collaborate digitally with other healthcare professionals within a connected healthcare ecosystem.
|
PRSP | Hot Stocks08:47 EST Perspecta to develop Integrated Network Planner Prototype for U.S. Army - Perspecta's innovative applied research arm, Perspecta Labs, received a Project Agreement through an Other Transaction Agreement with Consortium Management Group on behalf of Consortium for Command, Control and Communications in Cyberspace - C5 - to design, implement and evaluate an Integrated Network Planner Prototype for the U.S. The $6M award, which represents new work for the company, has a one-year period of performance.
|
AQST | Hot Stocks08:46 EST Aquestive Therapeutics licenses riluzole oral film to Zambon - Aquestive Therapeutics announced that it granted a license to Zambon S.p.A. for the development and commercialization of Riluzole Oral Film in the European Union for the treatment of amyotrophic lateral sclerosis. ROF, utilizing Aquestive's proprietary PharmFilm technology, is being developed for the treatment of ALS, a debilitating disease affecting as many as 30,000 Americans and 52,000 Europeans. Once approved, ROF may potentially fulfill a critical need for ALS patients, given it can be administered safely and easily, twice daily, without water. Development initiatives conducted by Aquestive have included studies demonstrating ROF's pharmacokinetic bioequivalence to the reference listed drug, Rilutek, as well as additional studies to assess patients' ability to swallow ROF. The product is currently under review by the U.S. Food and Drug Administration for marketing approval in the United States and has an anticipated PDUFA date of November 30, 2019. ROF received FDA orphan drug designation in January 2018. Under the terms of the license agreement, Zambon will pay to Aquestive an undisclosed upfront payment for the development and commercialization rights for ROF in the EU, along with additional development and sales milestone payments and low double digit royalties on net sales of the product in the EU. Zambon will be responsible for the regulatory approval and marketing of ROF in the EU and Aquestive will be responsible for the development and manufacturing of the product.
|
EVOK | Hot Stocks08:41 EST Evoke Pharma granted 180-day extension by Nasdaq regarding minimum bid price - Evoke Pharma announced that on November 12, 2019, it received notification from the Listing Qualifications Department of the Nasdaq Stock Market indicating that the Company has been granted an additional 180-day grace period to regain compliance with the minimum $1.00 bid price per share requirement of Nasdaq's Marketplace Rule 5550(a)(2). The additional compliance period ends on May 11, 2020. In accordance with the rule, the Company was eligible for the additional compliance period because it meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for The Nasdaq Capital Market, with the exception of the bid price requirement. The Company provided a written response outlining the planned NDA resubmission, as well as notice of its intention to cure the deficiency during the second compliance period. The Nasdaq letter has no immediate effect on the listing or trading of the Company's common stock and the common stock will continue to trade on The Nasdaq Capital Market under the symbol "EVOK." The Company can regain compliance by maintaining a minimum closing bid price of $1.00 per share for a minimum of ten consecutive business days.
|
SLNO | Hot Stocks08:36 EST Soleno Therapeutics expects topline data for Phase III DESTINY PWS study in 1H20
|
AAPL | Hot Stocks08:35 EST Apple introduces 16-inch MacBook Pro, starting at $2,399 - Apple unveiled an all-new 16-inch MacBook Pro, "designed for developers, photographers, filmmakers, scientists, music producers and anyone who relies on a Mac to create their life's best work. The all-new MacBook Pro features a brilliant 16-inch Retina Display, the latest 8-core processors, up to 64GB of memory, next-generation graphics with up to 8GB of VRAM and a new advanced thermal design, making it the most powerful MacBook Pro ever." Starting at $2,399, the 16-inch MacBook Pro is available today through Apple.com and the Apple Store app. It will be in Apple Stores and Apple Authorized Resellers in the U.S. later this week and coming soon to stores around the world. Mac Pro starts at $5,999 and Pro Display XDR starts at $4,999. Both will be available to order in December through Apple.com.
|
ATI | Hot Stocks08:34 EST Allegheny Technologies, NLMK renew carbon steel hot-rolling conversion agreement - Allegheny Technologies announced it signed another one year agreement to extend and expand carbon steel hot-rolling conversion services for NLMK at its hot-rolling and processing facility, or HRPF, located in Brackenridge, PA. The continuation of this relationship is an important element of ATI's drive to achieve improved and sustainable profitability in its flat rolled products segment. ATI expects 2020 volumes covered under this agreement to meaningfully increase over 2019 levels. This agreement includes significant guaranteed volumes and fixed fee-per-ton revenues. It provides NLMK USA with continued access to the HRPF's capabilities for conversion of their broad range of carbon steel grades through December 2020.
|
TRHC | Hot Stocks08:31 EST Tabula Rasa's DoseMe to provide precision dosing services for St. Joseph/Candler - Tabula Rasa HealthCare expands its hospital service footprint through subsidiary company DoseMe's strategic partnership with St. Joseph's/Candler, the premier not-for-profit health provider in Savannah, GA. DoseMe will provide precision dosing services across the provider's specialized inpatient and outpatient hospitals. St. Joseph's/Candler is the first health system in Georgia to partner with DoseMe and the 140th site across the United States, Europe, Africa, and the Asia Pacific.
|
CTAC | Hot Stocks08:30 EST ChaSerg Technology Acquisition Corporation (Class A Stock) trading resumes
|
SLRX | Hot Stocks08:29 EST Salarius says seclidemstat trials 'on track' to reach maximum dose in early 2020 - On September 24, 2019, Salarius announced that the Safety Review Committees overseeing the ongoing Phase 1/2 clinical study of Seclidemstat in patients with relapsed or refractory Ewing sarcoma and the Phase 1 study of Seclidemstat in patients with advanced solid tumors resistant to standard-of-care therapies have approved the advancement of both studies to the fourth level dosing cohort. The two clinical trials are designed as open-label dose-finding studies to characterize the pharmacokinetics, the maximum tolerated dose and initial safety profile of Seclidemstat. Thus far, early PK data suggests Seclidemstat has a desirable half-life and plasma levels are dose proportional. Based on current projections, both studies are on track to reach maximum tolerated dose in early 2020 and report early patient data later in the same year. The Phase 1/2 clinical trial of Seclidemstat in Ewing sarcoma opened patient enrollment in Q3 2018 and is currently enrolling patients of 12 years of age or older at leading cancer centers in the U.S. Meanwhile, the Phase 1 AST clinical trial began enrolling patients in June 2019 with a focus on prostate, breast, ovarian, melanoma, colorectal, non-Ewing's sarcomas and other cancers where Seclidemstat demonstrated single-agent preclinical activity.
|
ALCO | Hot Stocks08:22 EST Alico announces expected dissolution of largest shareholder 734 Investors - Alico announced that 734 Investors, the Company's largest shareholder, has distributed the 3,173,405 shares of Company common stock held by it, on a pro rata basis, to its members. This share distribution comes in anticipation of the dissolution of 734 Investors later this year. Transfers of these shares are not registered on any current Alico registration statement, but the shares are potentially transferable pursuant to Rule 144, subject to certain customary restriction.
|
CVU LLL | Hot Stocks08:18 EST CPI Aerostructures appoints Dan Azmon as CFO - CPI Aerostructures (CVU) announced the appointment of Dan Azmon as CFO effective November 18, 2019, replacing Vincent Palazzolo, who has left the company. Most recently, Azmon served as vice president, controller, and principal accounting officer of L3 Technologies (LLL). Azmon will lead CPI Aero's corporate accounting, financial planning & analysis, treasury, tax, risk management, and investor relations activities, as well as oversee the Company's IT and human resources departments.
|
MANT | Hot Stocks08:17 EST ManTech awarded $82M NSWC Crane task order to support unmanned ISR aircraft - ManTech announced that it has been awarded a five-year $82M prime task order to provide analysis, research and development support for the U.S. Naval Surface Warfare Center Crane Division in support of Naval Air Systems Command unmanned aircraft. ManTech was awarded this contract under the Department of Defense Information Analysis Center'sMultiple Award Contract that allows for competition at the task order level. These DoD IAC MAC task orders are awarded by the U.S. Air Force Installation Contracting Center to ManTech for work to be performed for various U.S. military organizations. The cost-plus-fixed-fee task order was awarded under the DoD IAC MAC, Pool 1. ManTech won a seat on the IAC MAC contract in 2018. Under this new task order, ManTech will support DoD IAC's mission by enabling collection, analysis, synthesizing/processing, and dissemination of Scientific and Technical Information in the areas of analysis, research and technology development to advance sophisticated capabilities of MQ-4C Triton systems. Comparable work may include support for the U.S. Navy's MQ-8 Fire Scout autonomous helicopter, the MQ-25 Stingray aerial refueling drone, and U.S. Air Force unmanned platforms. This will assist a variety of USAF and DoD customers to discover hidden correlations, better understand data analysis results, and make more informed decisions. The work will be performed primarily at ManTech's facility in Crane, Indiana.
|
LHCG CI | Hot Stocks08:15 EST LHC Group appoints Mohammad Ali as CIO - LHC Group (LHCG) announced that Mohammad Ali will join the company, effective Dec. 2, 2019, as chief information officer. Ali will oversee LHC Group's information technology strategy and implementation in support of the company's ongoing growth and mission to provide quality in-home healthcare for patients and partners in markets across the nation. Ali most recently served as CIO of international markets for Cigna (CI).
|
ALIM | Hot Stocks08:13 EST Alimera Sciences terminates equity purchase agreement - Alimera Sciences announces that it has terminated its $20M common stock purchase agreement with Lincoln Park Capital Fund, effective November 12, 2019. "After assessing our expectations for the remainder of this year and plans for 2020, we have made the decision to terminate our equity purchase agreement. Having completed the third quarter of 2019 at an annualized revenue run rate in excess of $50 million, we believe we have sufficient cash on hand to fund our operations throughout 2020," said Rick Eiswirth, president and CEO of Alimera. "Currently we believe that our common stock is significantly undervalued and we have no plans to issue equity at these levels. We continue to expand the usage of ILUVIEN both domestically and internationally and believe the best course of action is to continue to execute this plan without further dilution to our stockholders at this time. We appreciate the commitment from LPC and their initial investment of $1.0 million." Other than the initial investment, Alimera has not requested any additional purchases under the agreement.
|
TBPMF | Hot Stocks08:10 EST Tetra Bio Pharma joins BIOTECanada - Tetra Bio-Pharma announced that the Corporation has become a member of BIOTECanada, a national industry association with over 200 members that represents Canada's health, industrial and agricultural biotechnology sectors. BIOTECanada's mission is to lead the advancement of a globally competitive Canadian biotechnology ecosystem through constructive working relationships with policymakers and regulators.
|
ALNA | Hot Stocks08:09 EST Allena expects to file investigational NDA with FDA for ALLN-346 this quarter - ALLN-346 is an orally administered, novel urate degrading enzyme that has been designed for activity and stability in the gastrointestinal tract. Allena is completing its preclinical development of ALLN-346 for the treatment of hyperuricemia in patients with gout in the setting of advanced CKD and also scaling its manufacturing processes to support clinical studies. Allena expects to file an Investigational New Drug application with the U.S. FDA this quarter and to initiate the first clinical trial of ALLN-346 in the first half of 2020.
|
EHC | Hot Stocks08:09 EST Encompass Health to construct 40-bed inpatient rehabilitation hospital in Toledo - Encompass Health plans to build a freestanding, 40-bed inpatient rehabilitation hospital in Toledo, Ohio. The hospital, which is expected to open in late 2020, will care for patients recovering from a variety of debilitating illnesses and injuries. It will become part of Encompass Health's national network of inpatient rehabilitation hospitals and home health and hospice agencies.
|
ALNA | Hot Stocks08:08 EST Allena Pharmaceuticals expects URIROX-2 data in 2H21 - Allena continues to evaluate the full data from URIROX-1 and will assess the implications for URIROX-2, its second, larger pivotal Phase 3 trial, including the adaptive design elements of URIROX-2. URIROX-2 is ongoing, with topline data expected in the second half of 2021. Allena plans to file a Biologics License Application with the FDA for reloxaliase using the accelerated approval regulatory pathway based on the URIROX-1 results and 24-week biomarker data from the ongoing URIROX-2 trial, pending positive results. Patients will continue on therapy in URIROX-2 to confirm clinical benefit during the long-term follow-up phase of the trial.
|
INNT | Hot Stocks08:06 EST Innovate Biopharmaceuticals merger to include Naia Rare Diseases acquisition - Innovate Biopharmaceuticals announced that RDD Pharma, a company focused on orphan and innovative therapies for gastrointestinal disorders, entered into a non-binding letter of intent to acquire Naia Rare Diseases, a biopharmaceutical company developing drugs for Short Bowel Syndrome and other rare gastrointestinal diseases. Closing of the transaction is anticipated to occur after the consummation of the proposed merger of RDD and Innovate Biopharmaceuticals, which will form a combined companyintended to be named 9 Meters Biopharma. In exchange, Naia will receive a combination of cash and shares in 9 Meters Biopharma subject to closing of the INNT Merger. The combined company would acquire all of the outstanding capital stock of privately-held Naia. Through the transaction, the combined company will acquire Naia's investigational therapeutic, NB-1001, a peptide-1 receptor for the treatment of SBS. Long-acting NB-1001 extends the half-life of GLP-1 and allows for up to once-per-month dosing, considerably increasing administration convenience with a potentially improved safety profile versus other GLP-1 agonists. NB-1001 has demonstrated efficacy and an extended half-life up to 30 days in a 70-patient clinical study and received orphan drug designation by the FDA. The companies, along with Cedars-Sinai Medical Center, plan to initiate a clinical program in SBS in 2020, with the goal of developing a safer, more efficacious and convenient therapy.
|
EAST | Hot Stocks08:05 EST Eastside Distilling names Lawrence Firestone as new CEO - Eastside Distilling announced the appointment of Lawrence Firestone as the company's new CEO. Firestone has over 35 years of enterprise, operations and financial management experience in both public and private companies, with tenures as CEO, CFO and COO across multiple industry sectors. Firestone most recently served as Executive Vice President and CFO of Akonni Biosystems, a privately-held developer of molecular diagnostic platforms.
|
SPXC HSC | Hot Stocks08:05 EST SPX Corporation purchases Patterson-Kelley from Harsco for $60M - SPX Corporation (SPXC) announced that its subsidiary, The Marley Company, LLC, has acquired Patterson-Kelley from Harsco Corporation (HSC) for cash consideration of approximately $60M. Patterson-Kelley is a manufacturer and distributor of commercial boilers and water heaters headquartered in East Stroudsburg, PA. The results of the purchased business will be reported with SPX's Heating platform within its HVAC segment. Patterson-Kelley is expected to have full-year 2019 revenue of approximately $35M and a similar margin to SPX's overall HVAC segment average. The acquisition is expected to have a minimal impact on SPX's 2019 Adjusted EPS, after taking into account the partial fourth quarter of results and costs to finance the acquisition. SPX plans to provide detailed guidance for 2020 on its call to discuss Q4 2019 results in mid-February 2020.
|
LKCO | Hot Stocks08:04 EST Luokung Technology acquires 51% of EMG from Geely, Acuitas Capital - Luokung Technology announced that Geely Technology Group Co. and Acuitas Capital have made strategic investments in Luokung Technoloy Corp. through the purchase of preferred shares and common stock. The investment of $42.5M from Geely prompt the company to complete the acquisition of 51% of eMapgo Technologies Co., Ltd. As a result, the company will immediately begin to consolidate the financial results of EMG, which will be reflected in the company fourth quarter and year-end financial results. The company anticipates receiving funding of up to $100M from Acuitas to acquire the remaining equity of EMG. Thus, the company expects to acquire the balance of EMG by the end of the year. Since the Company made announcement on August 28, 2019, the company has begun to pay EMGs' shareholders in installments based on the acquisition agreement and the supplementary agreement. At the current stage, through cash payment and the payment of common stock and preferred stock, the company shall obtain more than 51% of EMG's shares, and the company expects to complete the 100% of the Acquisition of EMG before December 31.
|
HSC SPXC | Hot Stocks08:03 EST Harsco sells Patterson-Kelley business to SPX Corporation for $60M in cash - Harsco Corporation (HSC) announced that it has sold its Patterson-Kelly business to SPX Corporation (SPXC) for $60M in cash, subject to post-closing adjustments. Harsco expects to use the proceeds from the transaction to reduce debt, further strengthening its balance sheet to pursue growth. Following the completion of the transaction, the Company will have sold two of the three businesses that comprised its Industrials segment for a total of approximately $660M. The Company also reaffirmed its intent to divest the remaining business within the Industrial segment, IKG, in the near future.
|
NXGN | Hot Stocks08:03 EST NextGen Healthcare to acquire Medfusion for $43M in cash - NextGen Healthcare announced an agreement to acquire Medfusion. The proposed acquisition is expected to close in early December, subject to the satisfaction of closing conditions, including the transfer of Medfusion's data services business out of Medfusion. The total purchase price of $43M, subject to customary adjustments, will be paid in cash at acquisition completion.
|
ACST | Hot Stocks08:00 EST Acasti Pharma says on track to report results fror TRILOGY 2 in January
|
ACST | Hot Stocks08:00 EST Acasti Pharma says on track to report results fror TRILOGY 1 in December
|
CTAC | Hot Stocks08:00 EST ChaSerg Technology Acquisition Corporation (Class A Stock) trading halted, news dissemination
|
ACST | Hot Stocks07:59 EST Acasti says uncertainty exists about ability to continue as going concern
|
ACST | Hot Stocks07:58 EST Acasti Pharma sees cash sufficient beyond completion of Phase 3 trials - Cash and cash equivalents and marketable securities totaled $25.8 million as of September 30, 2019, compared to $5.99 million for the quarter ended September 30, 2018. The increase was mainly generated by the net proceeds from the Public Offerings and the recent exercise of warrants. As stated above, Acasti believes that existing cash plus the recent exercise of warrants will fully fund the Company's operations beyond the completion of our Phase 3 clinical trials through at least June of 2020. Acasti will need to raise additional capital in the future to complete the funding of the preparation and filing of our NDA, and US commercial launch activities. If Acasti does not raise additional funds, it may not be able to realize its assets and discharge its liabilities in the normal course of business. As a result, there exists a material uncertainty about the Acasti's ability to continue as a going concern and to realize its assets and discharge its liabilities in the normal course of business.
|
ABT | Hot Stocks07:47 EST Abbott says Robert Ford to succeed Miles White as CEO on March 31, 2020 - Abbott announced that Miles White will be stepping down as CEO on March 31, 2020, after a remarkable 21-year tenure, the second longest for a non-founder in today's S&P 100. He will remain Executive Chairman of the Board. The Board has unanimously appointed Robert Ford, a 23-year Abbott veteran, to succeed White as CEO. Ford currently serves as President and COO and has been elected to the Board. Ford will become the 13th CEO of Abbott in its 131-year history, all having been appointed from within the company, a testament to Abbott's strong management philosophy and succession-planning discipline. Ford originally joined Abbott in the company's Diabetes Care business in 1996. He was appointed President and COO in October 2018.
|
CPTA | Hot Stocks07:47 EST Capitala Group announces Growth Fund's exit of BTM - Capitala Group announced that CapitalSouth Growth Fund IV, L.P. has had a successful exit from its investment in BTM Company, a manufacturer of sheet metal joining systems and products for automation.
|
ABT | Hot Stocks07:45 EST Abbott says Robert Ford to succeed Miles White as CEO on March 31
|
BABA | Hot Stocks07:43 EST Alibaba files application to list on Hong Kong Stock Exchange - In a regulatory filing, Alibaba Group Holding Limited announced it has filed an application with the stock exchange of Hong Kong Limited, or the Hong Kong Stock Exchange, in connection with a proposed secondary listing of its ordinary shares on the main board of the Hong Kong Stock Exchange together with a Hong Kong initial public offering and a global offering of the shares. The listing application contains supplemental descriptions and additional new descriptions of certain aspects of its business and financial information as required by the Hong Kong Stock Exchange Listing Rules as well as updated disclosure of certain information previously disclosed in its annual report on Form 20-F for the year ended March 31, 2019, the company noted. "As we have applied for a secondary listing on the Hong Kong Stock Exchange, the New York Stock Exchange will continue to be our primary listing venue. We have also applied for a number of waivers and/or exemptions from strict compliance with the Hong Kong Stock Exchange Listing Rules. If these applications are approved, we would be exempted from certain requirements to which other companies listed on the Hong Kong Stock Exchange are subject, as discussed in greater detail below. We do not expect the Listing to result in significant additional compliance or disclosure obligations for our company," Alibaba added.
|
KALV | Hot Stocks07:38 EST KalVista now expects to complete enrollment for KVD900 Phase 2 trial in 2019 - KalVista provided an update on the status of its development programs. KalVista now expects to complete enrollment for the KVD900 Phase 2 clinical trial before year-end 2019 and to provide data in 2020. The Phase 2 clinical trial of KVD001 in DME is still expected to provide data this quarter. "We are pleased with the rate of enrollment of our Phase 2 clinical trial of KVD900 in HAE patients," said Andrew Crockett, CEO of KalVista. "Our plan to recruit patients primarily in European HAE centers is serving us well, with good recruitment at our clinical sites. Regulatory and ethical approvals have been timely, although start-up at several sites has taken longer than anticipated. We have identified a robust pipeline of patients eager to try a potentially efficacious oral on-demand treatment, and we anticipate that we will complete recruitment before year-end 2019 and provide data in 2020."
|
MOGA... | Hot Stocks07:35 EST Moog CFO Donald Fishback to retire, Jennifer Walter to succeed - Moog announced that Donald Fishback, VP and CFO, has announced his intention to retire as CFO effective January 2, 2020. He will continue to serve as a director on Moog's board, a position he was first elected to in 2015. Fishback joined Moog in 1981 after working as a certified public accountant for Deloitte. Over his career at Moog, the company grew from $155M in sales to nearly $3B. He was elected CFO in 2010. Moog's directors elected Jennifer Walter VP and CFO effective January 2, 2020. She currently holds the position of VP, finance. She joined Moog in 2000 after working as a certified public accountant for KPMG.
|
REPH BXRX | Hot Stocks07:28 EST Recro Pharma announces effectiveness of Baudax Bio Registration Statement - Recro Pharma announced that the U.S. Securities and Exchange Commission has declared effective the Registration Statement on Form 10 filed by Baudax Bio Inc. Recro expects to complete the separation of Baudax Bio into an independent, publicly traded pharmaceutical company focused on advancing promising, non-opioid analgesics and other products for acute care settings on November 21, 2019. Recro's board of directors approved the planned separation of Recro and Baudax Bio on November 5, 2019, and declared a special dividend distribution of one share of Baudax Bio common stock for every two and one half shares of Recro common stock held as of the close of business on November 15, 2019, the record date for the distribution. Shareholders will receive cash in lieu of fractional shares. The special dividend distribution is expected to be paid on November 21, 2019. There is no current market for Baudax Bio common stock. NASDAQ has approved the listing of Baudax Bio common stock on the NASDAQ Capital Market under the symbol "BXRX." NASDAQ has advised that Baudax Bio common stock will begin trading on a "when-issued" basis under the symbol "BXRXV" on November 14, 2019. Additionally, Recro expects that starting on November 14, 2019, common stock of Recro will trade on the NASDAQ Capital Market in two markets: "regular-way" under the symbol "REPH" and in the "ex-distribution" market under the symbol "REPHV." Shares of Recro common stock trading under "REPH" will carry the right to receive shares of Baudax Bio common stock, if held as of the close of business on November 15, 2019. Shares of Recro common stock trading under "REPHV" will not carry the right to receive shares of Baudax Bio as part of the special dividend distribution. If shares of Recro common stock are sold in the "regular-way" market after November 15, 2019 but before the distribution date, the shareholder is selling the right to receive shares of Baudax Bio common stock with respect to such Recro shares as part of the distribution. Recro shareholders are encouraged to consult with their financial advisors regarding the specific consequences of selling Recro common stock on or before that date. Following the distribution, regular-way trading will commence on NASDAQ for Baudax Bio under the symbol "BXRX" and will continue for Recro under the symbol "REPH." Following the separation, Baudax Bio will be an independent, publicly traded pharmaceutical company focused on advancing promising, non-opioid analgesics and other products for acute care settings.
|
DTIL ALC | Hot Stocks07:26 EST Precision BioSciences appoints Kevin Buehler to board of directors - Precision BioSciences (DTIL) announced that Kevin Buehler, former CEO of Alcon Laboratories (ALC), has been appointed to its Board of Directors, which took effect following the company's third quarter board meeting held on November 8, 2019.
|
WSR | Hot Stocks07:24 EST Whitestone REIT completes redevelopment investment at Williams Trace Plaza - Whitestone REIT announced the completion of its Williams Trace Plaza Redevelopment Investment. The project, designed to upgrade ADA accessibility at the property and to improve the shopping experience for all of our customers, included renovation work on the center. Enhancements added through the Redevelopment Investment include: Enhanced Walkability and Access for all Shoppers; Expansion of Outdoor Seating and Gathering Areas; "Greening of Space" Through the Addition of Native Plants and Shrubs as part of the Landscaping Improvement; "Harvesting of Natural Light" in both the Interior and Exterior Designs; Installation of LED Lighting for Energy Conservation and Upgraded Irrigation and Drainage Systems for better Natural Water Flood Management. Whitestone originally acquired Williams Trace Plaza in December of 2014 for $20.1M and subsequent to acquisition has invested an additional $2.1M in enhancements to the property. The property is currently 93% occupied and produces annual net operating income of approximately $1.7M.
|
SLGL | Hot Stocks07:18 EST Sol-Gel Technologies expects to begin PoC study of SGT-210 in 1Q20 - Planning continues around the development of SGT-210, a topical epidermal growth factor receptor inhibitor, for the potential treatment of palmoplantar keratoderma and non-melanoma skin cancer. A proof of concept study of SGT-210 in PPK is expected to begin in the first quarter of 2020.
|
SLGL | Hot Stocks07:17 EST Sol-Gel Technologies expects results from bioequivalence study in 2019 - Results from a bioequivalence study for generic 5-fluorouracil cream, 5%, for actinic keratosis, continue to be expected by the end of the year followed by a filing in the U.S. of an abbreviated New Drug Application expected in 2020. This study is part of a collaboration with Douglas Pharmaceuticals.
|
SLGL | Hot Stocks07:17 EST Sol-Gel Technologies preparing for Epsolay NDA submission in 1H20 - Preparations are underway for the New Drug Application submission for Epsolay microencapsulated benzoyl peroxide, 5%, in papulopustular rosacea in the first half of 2020.
|
SLGL | Hot Stocks07:16 EST Sol-Gel expects top-line results from Phase 3 trials of Twyneo in Q4 - Top-line results of the two pivotal Phase 3 trials evaluating Twyneo cream in acne vulgaris continue to be expected in the fourth quarter of 2019.
|
SLGL | Hot Stocks07:15 EST Sol-Gel Technologies expects cash resources to enable funding into 1Q21 - As of September 30, 2019, Sol-Gel had $7.6 million in cash, cash equivalents and deposits and $50.1 million in marketable securities for a total balance of $57.7 million. Based on current assumptions, Sol-Gel expects its existing cash resources will enable funding of operational and capital expenditure requirements into the first quarter of 2021.
|
LQDA | Hot Stocks07:13 EST Liquidia Technologies aims to initiate LIQ865 Phase 2 program in 2020 - Phase 2-enabling toxicology studies were initiated earlier in 2019 to assess LIQ865 in multiple non-clinical tissue models. Results from a study to assess incision tensile strength after healing were acceptable and not statistically different from controls. In a study to assess bone fracture healing, the Company observed dose-dependent delayed healing at the two LIQ865 doses studied; however, there were no adverse effects noted on surrounding soft tissues. Additional studies are planned with lower doses of LIQ865 to determine a no adverse effect level on bone healing. Results from an additional soft tissue toxicology study are expected later in the fourth quarter of 2019. Results from these toxicology studies will be reviewed in 2020, and provided the data are supportive, the Company intends to initiate a Phase 2 program.
|
LQDA | Hot Stocks07:12 EST Liquidia Technologies to present clinical data from LIQ861 program in 2020
|
LQDA | Hot Stocks07:11 EST Liquidia Technologies expects to submit NDA for LIQ861 in 1Q20 - The registrational studies for LIQ861 have been completed and the Company is proceeding with plans to submit the NDA for the treatment of adults with pulmonary arterial hypertension. Final enrollment in the pivotal INSPIRE trial included 121 PAH patients to assess safety and tolerability through Month 2, the primary endpoint of the trial. Consistent with preliminary data presented in the second quarter of 2019, LIQ861 was observed to be well-tolerated and treatment-emergent adverse events were mostly mild to moderate in nature. In addition to INSPIRE, a second supplemental pharmacokinetics study was completed, the results of which the Company believes further confirm the comparative bioavailability of 75 mcg capsule strength LIQ861 to 54mcg of Tyvaso, the reference listed drug.
|
BCYC | Hot Stocks07:07 EST Bicycle Therapeutics announces first patient dosed in Phase 1 BT5528 study - Bicycle Therapeutics announced that the first patient has been dosed in the Phase I dose escalation of its Phase I/II study of BT5528, a Bicycle Toxin Conjugate, or BTC, targeting tumor antigen EphA2, in patients with advanced solid tumors associated with EphA2 expression. BT5528 is a second-generation BTC, which uses a valine-citrulline cleavable linker and a cytotoxin MMAE payload. The Phase I/II multi-center, open-label trial will evaluate BT5528 administered once-weekly as a single agent and in combination with nivolumab. The Phase I portion is a dose escalation primarily designed to assess the safety and tolerability of BT5528 and to determine a recommended Phase II dose, or RP2D. Following selection of an RP2D, a Phase II dose expansion portion will be initiated with the primary objective of evaluating the clinical activity of BT5528. The study will be conducted across sites in the U.S. and the UK.
|
ACRX | Hot Stocks07:07 EST AcelRx reports efficacy data on sufentanil tablets - AcelRx announced a publication analyzing pooled dosing and efficacy data from use of the sufentanil sublingual tablet 30 mcg among multiple demographic subgroups. This data, published in the Journal of PeriAnesthesia Nursing, was analyzed to aid nurses in understanding the effectiveness and duration of action of SST 30 mcg in the management of moderate-to-severe acute pain across a variety of patient demographics. Mean drug doses administered from 0-12 hours was 3.9 for SST 30 mcg, and was less frequent for older than 65 years vs. younger patients but was similar among other subgroups. Summed pain intensity difference to baseline over 12 hours was higher in the SST 30-mcg group compared with placebo across all demographic subgroups. "We are pleased with the results of this analysis, particularly that a single dosage-strength tablet has efficacy across all the demographic subgroups," commented CMO Pamela Palmer. "An important reason behind the development of Dsuvia was to avoid common opioid medication errors occurring with the clear injectable opioids, which come in widely differing concentrations2.
|
MLND | Hot Stocks07:04 EST Millendo Therapeutics completes patient enrollment for Phase 2b livoletide study - Millendo Therapeutics announced that the Phase 2b portion of its pivotal Phase 2b/3 clinical study of livoletide in patients with Prader-Willi syndrome, or PWS, called ZEPHYR, has completed recruitment for patients ages eight to 65. The study, one of the largest PWS studies ever conducted with over 150 patients recruited across 38 clinical trial sites worldwide, is evaluating the safety and efficacy of livoletide on food-related behaviors in patients with PWS. The primary endpoint of the study is an assessment of livoletide's impact on hyperphagia, the constant feeling of excessive hunger that is a hallmark symptom of the disease. Topline results are expected in the first half of 2020 and may support a new drug application, or NDA, filing for livoletide. The ZEPHYR study, initiated in March, is a two-part, randomized, double-blind, placebo-controlled pivotal Phase 2b/3 study. The Phase 2b portion includes a three-month double-blind, placebo-controlled core period in which patients receive one of two doses of livoletide or placebo followed by a nine-month extension period in which all patients receive livoletide. All patients who have completed the core period of the Phase 2b portion of the study thus far have entered into the nine-month safety extension period. Millendo continues to implement a protocol amendment globally adding an additional cohort of PWS patients ages four to seven. Sites that recruit pediatric patients will continue to actively recruit these patients. The second part of ZEPHYR is a Phase 3 study that will recruit additional patients at the same clinical sites and consists of a six-month double-blind, placebo-controlled core period in which patients will receive livoletide or placebo followed by a six-month extension period in which all patients receive livoletide. The primary endpoint for both the Phase 2b and Phase 3 portions of ZEPHYR is the change in food-related behaviors using the validated Hyperphagia Questionnaire for Clinical Trials.
|
ZOM | Hot Stocks07:04 EST Zomedica adds veterinary clinic to ZM-006 pilot efficacy study - Zomedica has widened its pilot efficacy study of ZM-006, initiated in partnership with University of Georgia's veterinary teaching hospital, to include Quakertown Veterinary Clinic, an American Animal Hospital Association accredited, high-traffic referral clinic in Pennsylvania with 37 veterinarians, of which 24 specialize in small animal health. Methimazole in oral form is used for the medical management of hyperthyroidism in cats and is the standard of care for the treatment of over-active thyroid in cats. Zomedica's ZM-006 is a transdermal gel designed to be a single daily dose applied to a cat's ear which is intended to be less stressful for both owners and their feline companions. The pilot efficacy study commenced in March and is expected to be completed by the end of the year.
|
APLT | Hot Stocks07:04 EST Applied Therapeutics expects to report data from ACTION-Galactosemia trial in Q4 - The company said, "In August 2019, we announced the completion of the Single Ascending Dose healthy volunteer portion of the Phase 1/2 study of AT-007 in Galactosemia. In October, at the ASHG meeting, we provided an update on Multiple Ascending Dose portion of the study. AT-007 was well tolerated, with no drug-related adverse events or dose-limiting toxicities reported. The study, referred to as ACTION-Galactosemia, was initiated in June 2019 and is designed to investigate the safety and pharmacokinetics of AT-007, a central nervous system penetrant Aldose Reductase inhibitor in healthy volunteers, and biomarker effects in adult subjects with Galactosemia. Data from the adult Galactosemia patient portion of the trial is expected in the fourth quarter of 2019. We plan to employ recent FDA guidance permitting biomarker-based development in low prevalence, slowly progressing rare metabolic diseases, such as Galactosemia."
|
GOOS | Hot Stocks06:57 EST Canada Goose up 7.5% to $42.00 after Q2 results, FY20 guidance
|
DSSI | Hot Stocks06:49 EST Diamond S Shipping sees Q4 EPS improving over Q3 - Diamond S Shipping reports that Q4 earnings thus far have improved compared to Q3, particularly for the Crude Fleet. Temporary sanctions impacting a large number of vessels led to a spike in rates for available ships in the market. Diamond S was able to capitalize on a number of available voyages before the market corrected to above seasonal levels. Looking forward, the company anticipates further disruptions expected to impact available tanker supply. These include disruptions relating to the implementation of new limits of sulfur emissions that come into effect on January 1, 2020 and potential disruptions related to exogenous geopolitical events. The orderbook across all tanker segments is at relatively low levels and is not expected to disrupt the thin balance between supply and demand that can result in heightened volatility and occasional rapid increase in daily vessel rates. The demand outlook is also constructive as oil production is increasing in areas geographically distant from areas with increasing oil demand, creating incremental demand for seaborne transportation.
|
GOOS | Hot Stocks06:49 EST Canada Goose reiterates fiscal 2020 outlook issued on May 29 - On May 29 the company guided FY20 adjusted EPS growth at least 25% and FY20 revenue growth at least 20%. Targeted wholesale revenue growth in the high-single-digits on a percentage basis, eight new retail stores in operation by the end of the winter selling season, one new digital concept store in operation by the end of the winter selling season.
|
VISL | Hot Stocks06:36 EST Vislink receives $160,000 order for wireless video systems - Vislink announces that it has received an order with an approximate value of $160,000 from a leading national broadcast organization in the North Africa region for wireless video systems. The order is in addition to the recently received $3M in new orders and order backlog amounts that were announced on November 6.
|
AUTL | Hot Stocks06:34 EST Autolus Therapeutics, Noile-Immune announce licensing agreement - Autolus Therapeutics and Noile-Immune Biotech announced that they have entered into a license agreement whereby Autolus will have the right to develop CAR T cell therapies incorporating Noile-Immune's PRIME technology secreting both IL-7 and CCL19. The PRIME technology is designed to improve proliferation and trafficking into solid tumors of both engineered CAR T cells as well as the patient's own T cells. Through the license agreement with Noile-Immune, Autolus has gained the right to incorporate the PRIME technology in its CAR T cell programs against a limited number of cancer targets. Autolus will make an upfront cash payment and milestone payments to Noile-Immune, and Noile-Immune is also entitled to receive royalties on net sales of resulting products. Additional terms of the agreement were not disclosed.
|
VRTX | Hot Stocks06:31 EST Vertex's cystic fibrosis medicines accepted by NHS Wales - Vertex Pharmaceuticals confirmed that NHS Wales has accepted an offer for all currently licensed Vertex cystic fibrosis medicines and any future indications of these medicines under the same terms as the recently announced agreement with NHS England. Once the contract is finalized, patients with CF in Wales ages 2 years and older who have two copies of the F508del mutation in the cystic fibrosis transmembrane conductance regulator gene can access Orkambi, and CF patients ages 12 years and older who either have two copies of the F508del mutation or one copy of the F508del mutation and a copy of one of the other 14 licensed mutations can access Symkevi in combination with ivacaftor in the coming weeks. The agreement also offers expanded access to Kalydeco to include those patients ages 12 months and older who have one of the nine licensed gating mutations. "Today's announcement is good news for the approximately 270 eligible cystic fibrosis patients in Wales who will soon have access to CFTR modulators to treat the underlying cause of their disease," said Ludovic Fenaux, Senior VP of Vertex.
|
SPB | Hot Stocks06:31 EST Spectrum Brands says expects to repurchase additional $250M of common stock - "We ended the year strong, with Q4 organic sales growth of more than 3%, adjusted EBITDA growth of more than 5%, a significantly improved balance sheet and delivery of full-year results within our guidance," said David Maura, Chairman and CEO of Spectrum Brands Holdings. "We believe our actions this year reflect decisions that will drive long-term value creation and sustainable growth. Our accomplishments included materially reducing net debt, closing on the divestitures of two business units and returning over $350 million to our shareholders. We further plan to repurchase up to $250 million of our shares through a $125 million Accelerated Share Repurchase program beginning next week, and additional open market repurchases. This reflects our Board's confidence in the long-term value of Spectrum Brands and its growth prospects. We have and will continue to drive vision, clarity and focus across our business units as we build a true ownership-mentality culture. Looking ahead, we plan to grow organic sales, EBITDA and adjusted free cash flow in 2020 and beyond," said Maura.
|
CNNE CG | Hot Stocks06:28 EST Cannae Holdings to join Carlyle Group-advised health care joint venture - Cannae Holdings (CNNE) has entered into an agreement to participate in a health care joint venture with an investment vehicle advised by an affiliate of The Carlyle Group (CG) and another investor with health care services experience. The joint venture will focus on acquiring, integrating and operating synergistic health care services companies in the provider and payer space. Cannae will contribute its T-System business to the joint venture and Cannae's joint venture partners will contribute equity capital to enable it to acquire other complementary health care services companies. It is anticipated that Cannae will be a minority shareholder of the joint venture and have all of its T-System intercompany debt repaid, which totaled approximately $60M as of September 30. The investment vehicle affiliated with The Carlyle Group will be the majority controlling shareholder of the joint venture. The closing of the foregoing transactions are expected to occur no later than 1Q20, subject to the satisfaction of customary closing conditions.
|
LLEX | Hot Stocks06:06 EST Lilis Energy names Joseph Daches as CEO - Lilis Energy announced that Joseph Daches has been appointed CEO. Daches, who joined Lilis Energy in 2016, has over 25 years of experience and expertise in directing strategy and finance in primarily small and mid-size oil and gas companies. Daches has helped guide several oil and gas companies through financial strategy activities, capital raises, and both public and private offerings
|
TECD APO | Hot Stocks06:04 EST Tech Data to be acquired by Apollo Global for $130 per share in cash, or $5.4B - Tech Data (TECD) announced it has entered into a definitive agreement to be acquired by an affiliate of funds managed by affiliates of Apollo Global Management (APO). Through the agreement, the affiliate of the Apollo Funds will acquire all of the outstanding shares of Tech Data common stock for $130 per share in a transaction with an enterprise value of approximately $5.4B. The purchase price represents a 24.5% premium to the unaffected 30-day volume weighted average closing share price of Tech Data's common stock ended October 15, the last trading day prior to published market speculation regarding a potential transaction involving the company. The Tech Data Board of Directors has unanimously approved the transaction and recommends that Tech Data shareholders vote in favor of the transaction. The transaction is not subject to a financing condition and is expected to close in the first half of calendar year 2020, subject to the satisfaction of customary closing conditions including expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act, foreign regulatory approvals and approval by the holders of a majority of the outstanding Tech Data shares. Tech Data expects to hold a Special Meeting of Shareholders to consider and vote on the transaction agreement as soon as feasible after the mailing of the proxy statement to shareholders. Consistent with the Board's commitment to maximizing shareholder value, the terms of the agreement provide that Tech Data will be permitted to actively solicit alternative acquisition proposals from third parties during a "go-shop" period from the date of the agreement until December 9. There is no guarantee that this process will result in a superior proposal. Following the close of the transaction, Rich Hume will continue to lead Tech Data as CEO, and the company will continue to be headquartered in Clearwater, Florida. Tech Data will become a privately held company, and Tech Data's common shares will no longer be publicly listed.
|
TECD APO | Hot Stocks06:01 EST Tech Data to be acquired by Apollo Global for $130 per share in cash, or $5.4B
|
UN UL | Hot Stocks06:00 EST Unilever says Nils Andersen to succeed Marijn Dekkers as chairman - Unilever announced that Marijn Dekkers has decided to step down as Chairman of the Board with immediate effect. Nils Andersen, Non-Executive Director, has been appointed by the Board to succeed Marijn as Chairman of Unilever. Marijn, who was appointed as Chairman of Unilever in April 2016, has chosen to stand down as Chairman so that he can focus on his growing responsibilities as Founder and Chairman of Novalis LifeSciences, the investment and advisory firm. He will continue to serve as a Non-Executive Director of Unilever. Nils Andersen has served on the Unilever Board since April 2015 and is currently a member of the Board's Audit Committee.
|
MRKR | Hot Stocks05:26 EST Marker Therapeutics says FDA placed clinical hold on leukemia trial - The company said in last night's earnings release, "We recently filed an Investigational New Drug application with the U.S. Food and Drug Administration for our MultiTAA T-cell therapy as part of a planned Marker Phase 2 study in post-allogeneic hematopoietic stem cell transplant patients with acute myeloid leukemia in both the adjuvant and active disease setting. The FDA reviewed our submission and requested additional information regarding certain quality and technical specifications for two reagents supplied by third party vendors that are used in our manufacturing process. Because the FDA requires these data in order to clear the IND, the Marker AML trial has been placed on clinical hold until our complete response to the technical questions is satisfactory to the FDA. While these reagents are not present in the final product, we worked with respective manufacturers of these reagents to satisfy the FDA's questions and subsequently submitted a complete response to the FDA in late October. We currently project to initiate our Phase 2 trial in 2020 and look forward to providing an update on our clinical path forward upon receiving the FDA's feedback." Marker added that it worked with regulatory and quality groups at the respective manufacturers to address the FDA's request and submitted a complete response to the issues raised by the FDA on October 28. The FDA will respond within 30 days after receiving Marker's complete response, indicating whether the hold is lifted and, if not, specifying the reasons the clinical trial remains on hold, the company said. Marker expects to initiate its Phase 2 clinical trial of MultiTAA therapy for the treatment of post-transplant AML in 2020.
|
BCLI | Hot Stocks05:25 EST BrainStorm granted new Japanese patent for NurOwn - BrainStorm announced that the Japan Patent Office has issued a Decision to Grant a Patent for BrainStorm's Patent Application, number: 2016-548691, titled: 'Method of Qualifying Cells.' The patent covers cell populations which are therapeutic for the treatment of ALS and the method of qualifying the cells for therapeutic use. Patents protecting NurOwn have previously been issued in the United States, Japan, Europe, Hong Kong and Israel.
|
BEST | Hot Stocks05:24 EST Best Inc announces $100M share repurchase program - Best Inc announced that the board of the company has authorized a share repurchase program whereby BEST may repurchase up to $100M worth of its outstanding ADSs from time to time during the next 18 months.
|
BEST | Hot Stocks05:23 EST Best Inc appoints Gloria Fan as CFO - Best Inc announced the appointment of Ms. Gloria Fan as CFO, effective on November 18. Ms. Fan will report directly to Mr. Johnny Chou, Chairman and CEO of Best. Most recently, she served as CFO of Corporate Visions, Inc. Ms. Jenny Pan, who has served as BEST's principal accounting officer in the interim since June 30, will continue in her senior finance management role and support Ms. Fan.
|
CNTG PFE | Hot Stocks05:10 EST Centogene signs data access and collaboration agreement with Pfizer - Centogene (CNTG) announced a new data access and collaboration agreement with Pfizer (PFE). The agreement grants Pfizer access to Centogene's data repository, which may be used in the discovery and validation of novel genetic and biochemical targets for the potential development of new therapies for rare diseases. Under the terms of the agreement, Centogene and Pfizer will work together to mine the data repository and jointly agree to any collaborative research projects designed to substantiate results of data mining. Centogene will receive an upfront payment and will be eligible for additional research payments under any future collaborative research projects. Individual-level data from the repository will be managed, protected and shared with Pfizer in compliance with international data privacy regulations.
|
AFL | Hot Stocks05:07 EST Aflac promotes Frederick Crawford to COO, Max Broden to CFO - Aflac announced that Frederick Crawford, who currently serves as executive vice president and CFO, will be promoted to president and COO of Aflac, continuing to report to Aflac Incorporated Chairman and CEO Daniel Amos. Crawford will be responsible for a number of areas that are pivotal to Aflac's growth and long-term success, including executing enterprise growth initiatives; transforming the enterprise by leveraging digital growth and efficiency initiatives; delivering on key strategic initiatives that achieve expected returns on investment; and ensuring its financial stability and strength with oversight of operations in Japan and U.S., finance, risk and investments. Max Broden, who currently serves as senior vice president; deputy CFO and treasurer of Aflac, will be promoted to executive vice president and CFO of Aflac. Broden, who will continue to report to Crawford, will retain responsibility for Treasury, Investor Relations, Corporate Development, Rating Agency Relations, Financial Planning and Analysis, while adding oversight of Financial Reporting, Tax and Internal Audit. These changes will become effective January 1, 2020.
|