Stocks to Watch: UBNT, FB, LNKD & More
Take a look at some of Monday's midday movers:
Ubiquiti Networks moved higher after the Internet-gear maker won a favorable court ruling against an alleged counterfeiter. The stock, however, is still down more than 50 percent over the past 3 months. The owner of Ubiquiti, Robert Pera is currently having his $350 million bid for the NBA’s Memphis Grizzlies reviewed by the league.
Facebook gained ground on news the company is planning to launch a jobs posting board. But that sent LinkedIn’s shares lower.
Apple was higher after Piper Jaffray analyst Gene Munster made some positive comments about the company’s upcoming smaller iPad, which he said will start at $299.
Health-care stocks rose, including WellCare Health Plans, Centene, MolinaHealthcare, and Healthnet on the heels of Wellpoint’s $4.5 billion takeover of Amerigroup.
Campbell Soup moved lower after it said it would buy carrot and juice maker Bolthouse Farms for about $1.6 billion in cash.
FXAlliance soared after Thomson Reuters agreed to buy the electronic currencies trading platform for $625 million, or $22 a share.
Bridgeport Education plunged after it received notice that its Ashford University application for accreditation had been denied.
Questcor Pharmaceuticals hit a new high after it reported strong June sales for its Acthar multiple sclerosis drug.
Boeing moved higher after it said it finalized a $7.2 billion plane order with Air Lease Corp.
Warnaco lost ground after the clothing company said the ongoing economic crisis in Europe prompted it to review its operations as a way to save money.
Boston Beer fizzled after UBS downgraded the maker of Sam Adams to sell from neutral. UBS cited slow revenue growth.
Tronox got slammed on news that global demand for Zircon was drying up.
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