Oil & Gas
McDermott Rejects Subsea’s Hostile $2Bn Takeover Bid – Shares Leap 13.6%
Shares in offshore engineering firm McDermott International (NYSE:MDR) have soared 14.3% after the firm rejected an aggressive $2 billion USD takeover bid from rival European firm Subsea 7 (OTC:SUBCY). The bid was timed to disrupt ... [Read]
Consumer
Pier 1 Imports Stock Dives After Announcing Strategic Plan to Address Company ‘Weaknesses’
Shares of the specialty home retailer Pier 1 Imports Inc (NYSE:PIR) took a dive today after the company announced a three-year plan that will address weaknesses in the company’s business. The company’s recent fourth quarter ... [Read]
Solar
Sunpower Stocks Leap on SolarWorld Americas Purchase
Sunpower acquires SolarWorld: US Solar panel technology firm SunPower (NASDAQ:SPWR) has seen its stock spike over 10% after announcing that it is to buy rival US panel maker SolarWorld Americas. SunPower’s per-share price currently sits ... [Read]
Metals & Mining
Aluminum Stocks Are Flying High After Sanctions on Russian Imports
Russian Import Sanctions: Aluminum price hit a six-year high after US sanctions on Russian producer, Rusal, opened the potential for a huge gap in supply and demand dynamics. Donald Trump has been supporting the aluminum ... [Read]
Medical Instruments & Equipment
Valeritas Announces Release of V-Go Product in Australia and NZ
Medical technology company Valeritas (NASDAQ:VLRX) has today announced that it is to release its V-Go wearable insulin delivery device in Australia and New Zealand. Stocks in the firm have skyrocketed 96.3% on the news, making ... [Read]
Cannabis
These Two U.S. Marijuana Stocks are Rising
The U.S. marijuana industry has been expanding at a significant rate over the last few years, supported by the legalization of recreational and medical marijuana from several states. Twenty-nine states have already allowed medical use ... [Read]
Cannabis
Cannabis Industry Set to Bloom After Trump’s Backing
CanniMed Therapeutics (OTCPK:CMMDF), Canopy Growth (OTCPK:TWMJF), MedReLeaf Corp (OTCPK:MEDFF) and other cannabis stocks are flying higher since Sen. Cory Gardner announced that Donald Trump has assured him to give full right to states to decide ... [Read]
Cannabis
Terra Tech Gets Huge Boost After Trump Backs Marijuana Regulation
Terra Tech Corp (OTCQX:TRTC) share price move sharply higher after Donald Trump announced his support for state-level marijuana regulations. Shares of micro-cap company had experienced significant volatility in the last two months, due to uncertainty ... [Read]
Healthcare
Celldex Shares Fall Over 60% After Failed Drug Study
Shares of the biotechnology company Celldex Therapeutics Inc. (NASDAQ:CLDX) have fallen over 60% today after the company announced that its study in Metastatic Triple-negative Breast Cancer failed to reach the targeted endpoint. The phase 2b ... [Read]
Aerospace & Defense
AeroVironment Stock Price Double, But Stifel Recommend Buy
AeroVironment Inc (NASDAQ:AVAV), a supplier of unmanned aircraft systems, tactical missile systems, and other related services to government agencies, continues impressing investors and analysts amid its strong performances. AVAV share price rose 100% in the ... [Read]