Stocks to Watch: RIMM, HPQ, CRM & More
Cheesecake Factory also fell after a downgrade from William Blair. The firs saying the company’s same store sales in the second quarter will be at or below guidance.
AutoNation moved higher after the automotive retailer saw new vehicle sales in May jump 45 percent, boosted by strong demand for imported vehicles.
Chesapeake Energy jumped on news it agreed to replace 4 current board members, in an effort to improve corporate governance.
Medtox Scientific soared after Laboratory Corporation of America agreed to buy it for $242 million or $27 a share. That is a 37 percent premium from its Friday close. The deal will expand Laboratory Corporation’s presence in specialized toxicology testing.
ImmunoGen rose after it reported its investigational treatment for non-hodgkin’s lymphoma showed improved safety and performance.
MagicJack gained ground after it reported second quarter revenue has already topped the $36 million that Wall Street was already projecting for the telecommunication service provider.
TD Ameritrade and Charles Schwab lost ground after Citigroup downgraded both. This on the weak retail trading environment.
Universal Health moved higher after the hospital operator agreed to buy psychiatric facility operator Ascend Health for $500 million. It is also taking on $17 million in Ascend debt as part of the deal.
Nathan’s Famous neared a record high after the hot dog maker said it doubled profits during the fourth quarter. Revenue rose 17 percent. The stock is thinly traded.
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