Stocks to Watch: FIVE, ESRX, WAG & More
Take a look at some of Thursday's midday movers:
Five Below , the teen discount retailer rose more than 50 percent on its Wall Street debut. Earlier, the company had boosted its IPO price range to $15-$17 from $12-$14.
Express Scripts and Walgreens moved higher after the two companies announced a multi-year pharmacy network agreement. Rivals CVS Caremark and Rite Aid fell on the news.
Safeway fell despite beating analyst estimates on earnings and revenue as gross margin fell due to higher costs. It pressured other supermarket stocks including Kroger, Whole Foods, and Supevalu all lost ground.
Noble moved higher after posting strong results. Fellow drilling contractors Transocean, Diamond Offshore and Atwood Oceanics all gained.
NVR plunged after revenue growth came in below expecations. NVR is one of the nation’s largest homebuilders.
Textron jumped after second-quarter earnings came in well above expectations, boosted by double-digit revenue growth at its Bell helicopters and Cessna units.
Mellanox Technologies soared after the data-storage company reported strong earnings on record breaking revenue.
Skyworks Solutions moved higher after the company reported better-than-expected earnings on a 9-percent jump in revenue. Skyworks designs chip products used in mobile devices.
Cable stocks, including Time Warner, Time Warner Cable, Comcast, Cablevision and Charter Communications rose as private equity firm BC Partners and the Canadian Pension Plan Investment Board announced the acquisition of privately-held U.S. cable operator Suddenlink for $2.5 billion.
