Major News & Movements: Apple (AAPL), Peregrine (PPHM), Google (GOOG), SatCon Technology (SATC) and Sprint (S)
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On October 17, 2012 At 2:41 pm
Category : Featured Stories , Financial News , Today's Hot News
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U.S. stocks recovered after opening mostly lower today as investors look over major corporate earnings reports. Today, third-quarter financial results have turned green. In the top gainers list , Cymer, Inc. (NASDAQ:CYMI) hit new high gaining more than 50% after decision to be acquired by ASML Holding NV in a deal valued at EUR 1.95 billion.
Peregrine Pharmaceuticals (NASDAQ
PHM) jumped about 30% after disclosing that it has added $14.3 million in gross proceeds through an ATM (At The Market) agreement with MLV & Co. Two other major risers include Cree, Inc. (NASDAQ:CREE) and United Rentals, Inc. (NYSE:URI).
On the flip side , SatCon Technology Corporation (NASDAQ:SATC) is leading decliners after announcing Chapter 11 bankruptcy filing.
Despite beating third-quarter estimates, Fortinet, Inc. (NASDAQ:FTNT) is under pressure after weak forecast.
Despite winning 32 new patents , Apple Inc. (NASDAQ:AAPL) shares are trending down today.
Out of 69 companies in the S&P 500 index reporting, the third-quarter expansion speed is 0.27 percent, the first time there has been upbeat forecast for the third-quarter since July 25, according to S&P Capital IQ.
In the S&P 500 companies , Sprint Nextel Corporation (NYSE:S) is gaining today amid news that Sprint LG Optimus G smartphone will be available for $200 on Oct. 11 .
Google Inc (NASDAQ:GOOG) is up after revealing pricing for the Surface RT. While trading at volume lower than average, the stock climbed 0.50% yesterday. Its previous 52-week high was $774.38 and moved up 28.24% over the same period, trading at a volume of 2.05 million. Shares have risen 22.59% over the trailing 6 months. The stock is currently trading 95.53% above its SMA 50 and 17.96% above its SMA 200.
International Business Machines Corp. (NYSE:IBM) plunged today after reporting weak businesses-consumer demand. Shares of this company traded up 0.99% during trading yesterday, hitting $211.00. The stock has a 52 week low of $176.17 and a 52 week high of $211.79.
The company has a market cap of $241.13 billion and a P/E ratio of 15.35. The P/S ratio is 2.27 and P/B ratio 11.78. Dividend yield stands at 1.61 percent. The beta value is 0.68. IBM’s RSI amounts to 63.07.
eBay Inc (NASDAQ:EBAY) is slightly up before the release of its earnings. The company has a market value of $62.17 billion. It employs 27,770 people, over the last 12 months has generated revenue of $13.02 billion and has a net income of $3.73 billion. The firm’s operating margin is 20.26 percent and net profit margin 28.66 percent. The latest closing price of its shares moved up 1.49% from the 50-day moving average.
American Express Company (NYSE:AXP) is also up ahead of its corporate earnings after the close of business today. For this company, a return on equity of 26.50 percent was realized due to the financial situation.
Last twelve months earnings per share reached a value of $4.26. Last fiscal year, $0.80 has been paid in form of dividends to investors. Earnings are projected to move up 10.09 percent for the coming five years. The stock closed at $58.63, up 1.04 points or 1.81% from previous close and at a distance of +1.62% from 20-day simple moving average.
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