logo
Share SHARE
FONT-SIZE Plus   Neg

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

Gainers:

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.

Decliners:

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
Apple typically schedules its iPhone launch event in September every year. However, the tech giant has not made any official announcement about the new iPhone 7 event date yet. According to popular and reliable leaker Evan Blass, Apple will ship iPhone 7 during "the week of September 12." He later... At Home Group Inc., the home décor retail store with 115 stores in 29 states is planning to go public. The pricing of initial public offering is expected in a range of $14 to $16 per share. The company in a filing with the SEC said it has got the approval to list the shares on the NYSE under symbol "HOME." McDonald's Corp. has suspended sales of Big Macs in Venezuela as the fast food chain is unable to source buns - one of the key components of a burger. Venezuela is suffering from food shortages recently due to an ongoing economic and political crisis.
comments powered by Disqus
Follow RTT