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Alcobra Ltd. (ADHD) announced that its investigational New Drug Applications for drug candidate MDX in Attention Deficit Hyperactivity Disorder and Fragile X Syndrome have been put on full clinical hold, following adverse neurological findings in a pre-clinical study. Alcobra gapped open sharply lower...

Intra-Cellular Therapies (ITCI) announced after the bell Wednesday that neither dose of ITI-007 separated from placebo on the primary endpoint in its second Phase 3 clinical trial in the treatment of schizophrenia. Intra-Cellular Therapies gapped open dramatically lower Thursday, but moved in a narrow...

ConAgra Foods Inc. (CAG) reported first quarter adjusted EPS from continuing operations of $0.61 Thursday morning, compared to $0.41 in the year-ago period. Analysts expected EPS of $0.48. ConAgra Foods gapped open sharply higher Thursday and climbed in early trade. The stock settled into a range...

Catabasis Pharmaceuticals Inc. (CATB) announced Thursday morning that it has entered into a joint research collaboration with Sarepta Therapeutics (SRPT). The companies will explore a combination drug treatment approach for Duchenne muscular dystrophy. Catabasis Pharmaceuticals gapped up Thursday...

Bloomberg reported after the bell Wednesday that Scottrade Financial Services is working with an advisor to explore a possible sale of the company. TD Ameritrade Holding (AMTD) is reportedly one of the potential suitors. TD Ameritrade gapped up sharply Thursday and climbed until mid-morning, before...

Accenture (ACN) reported fourth quarter adjusted EPS of $1.31 Thursday morning, which topped the consensus estimate of $1.30. Accenture gapped up sharply Thursday and climbed during the first 45 minutes of trade, before profit taking set in. The stock closed up by 4.99 at $121.64 with volume at over...

The Wall Street Journal reported in the early afternoon Thursday that Qualcomm Inc. (QCOM) is in talks to acquire NXP Semiconductors (NXPI). The potential deal could be valued at over $30 billion. Qualcomm spiked sharply higher after the report and ended the session with a gain of 4 points at $67.45,...

Reuters reported Wednesday that National Amusements Inc., the controlling shareholder of both CBS Corp. (CBS) and Viacom (VIAB) is planning to ask the companies to consider a merger. CBS jumped late Wednesday morning and extended its gains in the afternoon. The stock closed up by 2.10 at $54.15 with...

Worthington Industries Inc. (WOR) reported first quarter EPS of $1.02 Wednesday morning, up from $0.48 in the previous year. Revenues fell 2.7% to $737.5 million from $758.1 million last year. Worthington Industries gapped up slightly Wednesday and rose during the first 45 minutes of trade. Shares...

Credit Suisse upgraded its rating on shares of Dillard's Inc. (DDS) Wednesday morning to "Outperform" from "Neutral." Dillard's gapped open higher Wednesday and rose sharply during the first 45 minutes of trade. The stock pared its gains late in the morning, but finished with a gain of 3.06 at $61.20...

Caterpillar Inc. (CAT) rose during the first half hour of trade Wednesday and advanced further for the majority of the afternoon. The stock closed up by 3.71 at $86.59 on above average volume. Caterpillar broke out of a 2-month trading range Wednesday and set a new high for the year.

Sonic Corp. (SONC) announced after the bell Tuesday that it expects to report fourth quarter adjusted EPS of $0.43 to $0.45. The company estimates that system-wide same-store sales decreased approximately 2.0% in the quarter. Sonic gapped open sharply lower Wednesday and declined during the first...

Paychex Inc. (PAYX) reported first quarter EPS of $0.60 Wednesday morning, compared to $0.58 a year ago. Revenues rose 8.6% to $785.5 million from $723.0 million last year. The consensus estimates were for EPS of $0.57 and revenues of $782.8 million. Paychex gapped open sharply lower Wednesday and...

Nike Inc. (NKE) reported first quarter EPS of $0.73 after the bell Tuesday, compared to $0.67 a year ago. Revenues rose 8 percent to $9.06 billion from $8.41 billion last year. The consensus estimates were for EPS of $0.56 and revenues of $8.87 billion. On a currency-neutral basis, future orders were...

Tempur Sealy International (TPX) announced after the close Tuesday that third quarter net sales are below its prior expectations. As a result, full year net sales are expected to be down 1 to 3 percent from 2015. Tempur Sealy gapped open dramatically lower Wednesday, but was range-bound throughout...

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