logo

Breaking News

Share SHARE

Health Insurance Innovations has been downgraded to market perform from outperform at Raymond James. Still, shares are down 4 percent.

Alibaba-backed Best Logistics filed for an initial public offering of American depositary shares to raise up to $750 million. Logistics companies delivered 31 billion parcels in China last year, 50 per cent higher than in the previous year. Best Logistics will be known as Best Inc in the US. Alibaba...

Neothetics Inc. (NEOT) announced safety and efficacy results from its Phase 2 proof-of-concept trial, LIPO-202-CL-31, for the reduction of submental subcutaneous fat. LIPO-202 did not demonstrate improvement on any efficacy measurements or separation from placebo. LIPO-202 continued to show a benign...

AppliedOptoelectronics-062617.jpg We urge Investors to take advantage of the weakness in the shares of Applied Optoelectronics, Inc. (AAOI), as we believe the stock has at least 15% upside from current levels. The stock is down along with many of the stocks in the Fiber optical component universe with an exposure to China.

STORE Capital Corp. (STOR) said that Berkshire Hathaway has invested $377 million in the company, representing 9.8% of total shares outstanding. In the transaction, STORE Capital issued 18.6 million shares of company stock in a private placement to a wholly owned subsidiary of Berkshire Hathaway at a...

Sinovac Biotech Ltd. (SVA) Monday said it has entered into a definitive amalgamation agreement with the parent Sinovac (Cayman) Limited and Sinovac Amalgamation Sub Limited to be acquired by Parent in a transaction valued at approximately $401.8 million. Pursuant to the Amalgamation Agreement, Parent...

Osiris Therapeutics Inc. announced that it appointed Linda Palczuk, age 55, to serve as President and CEO, effective July 10, 2017. She will stand for election to the Board of Directors at the next shareholder meeting. Palczuk had an extensive and successful 30 year career with AstraZeneca Pharmaceuticals...

Commercial Metals Company (CMC) announced that effective September 1, 2017, Barbara Smith will assume the role of President and Chief Executive Officer of the Company and become a member of the board of directors. Ms. Smith has been the Company's President and Chief Operating Officer since January...

Invacare Corp. (IVC) announced the closure of its Suzhou, China, manufacturing facility, effective June 26, 2017. The company has transferred production from the Suzhou facility to Invacare operations located closer to its regional customers. The closure is expected to generate an incremental $4.0...

Philip Morris International Inc. (PMI) announced Monday a plan to invest an additional approximately 500 million euros to expand capacity at the company's smoke-free product manufacturing facility in Crespellano in Italy. The investment would create up to 600 new jobs. With the investment, the company...

Sonoco (SON) said that it agreed to acquire 100 percent of the stock of Clear Lam Packaging, Inc., a family-held developer and manufacturer of flexible and forming plastic packaging films for approximately $170 million in cash. The transaction is subject to normal regulatory review and is expected...

The Hartford said that it has entered into an agreement with Prudential Financial Inc. (PRU) for the company's pension plan to purchase a group annuity contract and transfer $1.6 billion, or 29 percent of The Hartford's $5.6 billion in U.S. qualified pension plan liabilities. The agreement will transfer...

Martin Marietta Materials Inc. (MLM), a supplier of building materials, announced Monday that it has entered into a definitive agreement to buy Bluegrass Materials Co. for $1.625 billion in cash. Bluegrass, a unit of Panadero Aggregates Holdings, LLC, is the largest privately-held, pure-play aggregates...

Takeda Pharmaceutical Company Limited (TKPYY.PK) and Seattle Genetics Inc. (SGEN) announced that the Phase 3 ECHELON-1 clinical trial met its primary endpoint of a statistically significant improvement in modified progression-free survival or PFS versus the control arm. ECHELON-1 is a randomized, multicenter...

ichorsystems-062617.jpg We believe this stock is well-positioned for at least 15% upside from current $23 levels. The stock featured on our premium product Short-Term Investor on April 25 at an opening price of $19.5, and on June 9 touched an intra-day high of $29.73, returning a gain of 52.4% to investors. It is now at an attractive price point again.

Follow RTT