S&P 500 Gains 1.5% on Week

S&P 500 Gains 1.5% on Week

(AMZN). Google shares jumped 7.6% this week while Amazon added 2.9%. The consumer-discretionary sector also had a number of companies report Q1 results above Street views, sending the sector up 2.0% for the week. Its gainers included Under Armour (UA), whose shares jumped 11% as the athletic-apparel company’s Q1 earnings came in better than Street expectations despite a revenue miss. Shares of BorgWarner (BWA), a vehicle equipment manufacturer, climbed 7.0% […]

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BioPharmX Closes $5.0 Mln Offering

BioPharmX Closes $5.0 Mln Offering

BioPharmX (BPMX) said it has closed a registered direct offering following its entry into securities purchase agreements with certain existing institutional investors for the purchase and sale of 6.4 million shares of common stock at a price of $0.78 per share with 50% warrant coverage (representing warrants to purchase up to 3.2 million shares of common stock). The warrants will be exercisable at an exercise price of $0.90 per share […]

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PHH Unveils Agreement With EJF Capital

PHH Unveils Agreement With EJF Capital

PHH (PHH) said Friday after-hours it has entered into an agreement with EJF Capital, EJF Debt Opportunities Master Fund, and EJF Debt Opportunities GP. EJF and its affiliates beneficially own 9.9% of the company’s common stock. Under the terms of the agreement, following the review and recommendation of the Corporate Governance Committee and approval by the board, PHH agreed to nominate James Neuhauser and Kevin Stein for election to the […]

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MiMedx Group Q1 Results Meet Views

MiMedx Group Q1 Results Meet Views

MiMedx Group reported pre-market Friday Q1 earnings and revenues that met forecasts, issued upside Q2 sales outlook and guided FY17 results in line with expectations. The biopharmaceutical company posted Q1 adjusted EPS of $0.07 per share, compared with the prior-year period’s $0.04 per share. Analysts polled by Capital IQ were expecting EPS of $0.07. Revenue was $72.6 million, in line with Street estimates, and up from $53.4 million in the […]

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Tech Stocks Slightly Lower

Tech Stocks Slightly Lower

Technology stocks were narrowly lower Wednesday, with shares of tech companies in the S&P 500 slipping almost 0.1%. In company news, Cree (CREE) declined Wednesday, with shares of the maker of light emitting diode products falling to 7 cents of their 52-week low after it missed Wall Street expectations with its adjusted fiscal Q3 net income. Excluding one-time items, the company earned $0.01 per share during the three months ended […]

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