Solazyme Inc. (SZYM) announced after the bell Thursday the successful completion of multiple initial fermentations at ADM's Clinton, Iowa facility. Solazyme is initially targeting annual production of 20,000 metric tons of oil starting in early 2014 at the ADM facility, with targeted expansion to 100,000 metric tons.
Solazyme gapped up sharply Friday, but gradually declined for the bulk of the session. The stock closed down by 0.45 at $8.60 on strong volume. Solazyme closed challenging the upper end of a month and a half long range.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.