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After-market Movers For Dec 6 (NFLX, ZNGA, GEO, BAGL, AMRN, CMTL)


GEO Group, Inc. (GEO) gained over 6 percent to $31.30. The company announced that its board approved all necessary steps, including the divestiture of certain health care assets, that will prepare it to position itself to operate as a REIT starting January 1, 2013. The company also announced a special dividend of $5.68 per share of common stock.

Einstein Noah Restaurant Group, Inc. (BAGL) rose nearly 4 percent to $16.37. The company announced that its board has completed the strategic alternatives review process by recapitalizing the company and declaring a one-time special dividend to shareholders of $4.00 per share.

Zynga Inc. (ZNGA) rose 1 percent to $2.51.


Netflix, Inc. (NFLX) declined over 1 percent to $85.01. Netflix disclosed receipt of a Wells Notice from the SEC Staff on recommending to the SEC to bring a civil action for violations of fair disclosure related to statement chief executive Reed Hastings had posted in Facebook in July about the 1 billion hour service usage.

Amarin Corporation plc (AMRN) plunged over 21 percent to $9.39. The company announced $100 million non-equity financing through a hybrid debt-like instrument. The company also noted that it is continuing to assess strategic options.

Comtech Telecommunications Corp. (CMTL) fell over 12 percent to $22.58. The company's first quarter earnings decreased from the same period a year earlier. Net sales declined from the year-ago quarter due to lower net sales in mobile data communications segment. The company warned on its second quarter results and also lowered its fiscal 2013 forecast.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
In a sign that other retailers may be re-thinking their Thanksgiving hours, Staples will be closed for the day. Like Wal-Mart and others, Staples was open on Thanksgiving Day for the past two years. European Court of Justice in Luxembourg has canceled the international agreement between European Union and United States to handover digital information, such as web search histories and social media updates. The ruling will be a blow to tech giants Google, Microsoft, Facebook, Amazon, etc. Volkswagen Australia Wednesday confirmed that more than 91 thousand vehicles sold in Australia were fitted with emission cheating software. Volkswagen brand alone comes to 77,000 cars and 14,000 cars are Audis.
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