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Before The Bell

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Jazz Pharmaceuticals (JAZZ) announced after the bell Tuesday that the first patient has been enrolled in its Phase 3 clinical trial of defibrotide. The FDA has also granted approval for the first generic version of the Jazz Pharmaceuticals narcolepsy treatment, Xyrem. The generic was developed by...

Shiloh Industries Inc. (SHLO) reported fourth quarter adjusted EPS of $0.50 after the bell Tuesday, compared to the loss of $0.18 in the prior year. Shiloh Industries gapped open sharply higher Wednesday, but was range-bound throughout the session. Shares finished with a gain of 1.56 at $9.35 on...

OneBeacon Insurance Group (OB) spiked sharply the upside late Wednesday morning on media reports that the company is exploring a sale. The stock ended the day with a gain of 1.38 at $16.54 on the highest volume of the year. OneBeacon Insurance rose past the upper end of over a 2-month trading range...

Alcoa Inc. (AA) broke out sharply to the upside in the second half of the morning Wednesday. The stock settled into a range in the afternoon and closed up by 2.17 at $34.81. Alcoa climbed past the upper end of a 2-month trading range Wednesday and set a new high for the year.

Target Corp. (TGT) announced Wednesday morning that comparable sales for the November/December holiday period dropped by 1.3 percent. The company has also lowered its fourth quarter adjusted EPS forecast to between $1.45 and $1.55, from prior expectations of $1.55 to $1.75. Full year adjusted EPS guidance...

Gigamon Inc. (GIMO) announced after the close Tuesday that it now expects to report fourth quarter revenues of $84.5 million to $85.0 million, down from prior expectations of $91 million to $93 million. Non-GAAP EPS is expected to be between $0.35 and $0.37, compared to prior guidance of $0.36 to $0.38....

Fastenal Co. (FAST) reported fourth quarter EPS of $0.40 Wednesday morning, compared to $0.39 in the previous year. Analysts expected EPS of $0.38. Fastenal rose steadily until mid-morning Wednesday, but settled into a range for the rest of the session. The stock closed up by 2.81 at $51.06 with volume...

CoLucid Pharmaceuticals Inc. (CLCD) announced Wednesday morning that it has agreed to be acquired by Eli Lilly & Co. (LLY) for $46.50 per share in cash, or approximately $960 million. CoLucid Pharmaceuticals gapped open dramatically higher Wednesday morning, but moved in a narrow range throughout...

Pulmatrix Inc. (PULM) announced Tuesday morning that the FDA has designated PUR1900, its drug candidate for treating fungal infections in the lungs of CF patients, as a "Qualified Infectious Disease Product." Pulmatrix climbed for the bulk of the morning Tuesday and finished with a gain of 0.87 at...

Benitec Biopharma (BNTC) announced Tuesday morning that the European Commission has granted Orphan Drug Designation to BB-301 for the treatment of patients with oculopharyngeal muscular dystrophy. Benitec Biopharma gapped up at the open Tuesday and spiked higher in early trade. The stock settled into...

Qualcomm Inc. (QCOM) was range-bound throughout the first half of Tuesday's session, but sank sharply in the early afternoon. The stock dropped on the news that the FTC filed a lawsuit against the company on allegations it used "anticompetitive" tactics to maintain a monopoly on a semiconductor. Qualcomm...

Revlon Inc. (REV) unveiled a new brand-centric organization structure Tuesday morning. Revlon gapped open higher Tuesday and rose steadily until mid-morning. The stock was range-bound for the rest of the session and closed up by 2.40 at $34.55, with volume at over a 9-month high. Revlon climbed to...

Progress Software Corp. (PRGS) reported fourth quarter adjusted EPS of $0.62 on Monday, up from $0.53 a year ago. Analysts expected EPS of $0.52. Progress Software dropped sharply at the open Tuesday, but recovered some ground before settling into a range. Shares finished with a loss of 1.25 at $76.55....

Reynolds American Inc. (RAI) announced Tuesday morning that British American Tobacco has agreed to acquire the 57.8 percent of Reynolds' common stock that it does not already own for $29.44 per share. Reynolds American gapped up sharply Tuesday, but traded in a range for the bulk of the session. The...

Clayton Williams Energy (CWEI) announced Monday that it has agreed to be acquired by Noble Energy (NBL) for $2.7 billion. Clayton Williams Energy gapped open dramatically higher Tuesday, but was range-bound throughout the session. Shares finished up by 41.27 at $145.25 on the highest volume of the...

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