Investors Recap: Peregrine Pharmaceuticals, Navistar International Corp, PharmAthene, General Dynamics Corporation
Lakeway, TX -- ( SBWIRE ) -- 03/11/2013 -- vbtrendreport.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Peregrine Pharmaceuticals (NASDAQ
PHM) shares gained 12.86% to $1.58. The company announced that it will report financial results for the third quarter of the fiscal year (FY) 2013 on March 12, 2013 after market and will host a conference call and webcast at 1:30 PM Pacific Daylight Time (4:30 PM Eastern Daylight Time). Peregrine's senior management will discuss financial results for the third quarter ended January 31, 2013 of FY 2013 and will review recent progress of its clinical development programs.
Additionally, analysts at Piper Jaffray assumed coverage on shares of PPHM in a note issued to investors on Mar. 5. The firm set an “overweight” rating and a $2.50 price target on the stock.
How Should Investors Trade PPHM After The Solid Jump? Let’s Find Out Here
Navistar International Corp (NYSE:NAV) shares jumped 11.10% to $35.43 after the company on Mar. 7 announced a first quarter 2013 net loss of $123 million, or $1.53 per diluted share, as compared to a first quarter 2012 net loss of $153 million, or $2.19 per diluted share. Adjusted first quarter 2013 loss from continuing operations of $114 million, or $1.42 per diluted share, as compared to a first quarter 2012 loss from continuing operations of $144 million, or $2.06 per diluted share.
Is NAV Ready To Jump Again After The Solid Momentum? Get Free Trend Analysis Here
PharmAthene, Inc. (NYSE IP) shares gained 10.96% to $1.62 in the morning hour. Aegis Capital initiated coverage on PIP on Mar. 6 to Buy. The Company operates as a biodefense company specializing in the development and commercialization of medical countermeasures against chemical and biological threats.
Is PIP Buy After The Recent Price Movement? Find Out Here
General Dynamics Corporation (NYSE:GD) shares climbed 1.70% and closed at $68.89. The company, on Mar. 7, announced that David K. Heebner, executive vice president and group executive of the company's Combat Systems group, has been appointed group executive of the Information Systems and Technology group. Mark C. Roualet, president of General Dynamics Land Systems, will succeed Heebner as executive vice president and group executive of the Combat Systems group. In addition, Gary L. Whited, senior vice president and general manager for General Dynamics Land Systems' domestic operations, will succeed Roualet as president. The appointments are effective immediately.
Is GD Buy After The Recent Price Movement? Find Out Here
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