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PhotoMedex Announces Definitive Merger Agreement with Radiancy
Tuesday, July 5, 2011 - 8:08am | 189Combined company foresees significant new sales opportunities in global consumer and professional skin-care markets, and has pro forma revenues of $132 million for the 12 months ended March 31, 2011 PhotoMedex shareholders to own approximately 25% of the company on a fully converted basis...
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Mindray Medical to Acquire a Controlling Stake in Suzhou Hyssen Electronics; Terms Not Disclosed
Tuesday, July 5, 2011 - 8:04am | 46Mindray Medical International Limited (NYSE: MR) announced today an agreement to acquire a controlling stake of Suzhou Hyssen Electronics Co. Ltd. The terms of the agreement were not disclosed as the transaction is non-material to Mindray's financial statements.
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Morgan Stanley Reiterates Equal-Weight on Hospira
Tuesday, July 5, 2011 - 7:39am | 45Morgan Stanley reiterated its Equal-Weight rating on Hospira (NYSE: HSP). At the moment, Morgan Stanley does not have a price target on the company's stock. On Friday, Hospira lost 1.75% of its value to end the week at $55.67.
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Oppenheimer Reiterates Outperform on Mindray Medical International
Tuesday, July 5, 2011 - 7:35am | 45Oppenheimer reiterated its Outperform rating on Mindray Medical International (NYSE: MR). At the moment, Oppenheimer has a price target of $32 placed on the company's stock. On Friday, Mindray added 4.35% to its value to finish the day at $29.27.
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3 High Momentum Stocks to Watch This Week
Monday, July 4, 2011 - 9:18pm | 3872Each week I publish stocks to watch for the upcoming week as potential momentum trades or longer-term investments. The stocks below all have a 50k minimum average daily share volume and traded at a 52-week high on strong volume, with a minimum of two times relative volume on Friday, July 1st. In...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Merger Arbitrage Mondays – July 4, 2011
Monday, July 4, 2011 - 12:33pm | 4772Merger activity increased last week with four new deals announced and twelve closing. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals Closed in 2011 116 Total Number of...
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Time To Look At Boston Scientific?
Friday, July 1, 2011 - 1:10pm | 351Boston Scientific Corporation (NYSE: BSX) shares are up 3% today, but the real move may come if the Natick-based company gets purchased. At nearly $11 billion, Boston Scientific is not cheap for an acquirer, but the company does have a product, stents, that may be attractive to an acquirer....
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Morgan Keegan Maintains Outperform on C.R. Bard
Friday, July 1, 2011 - 8:40am | 137Morgan Keegan is out with its report today on C.R. Bard (NYSE: BCR), maintaining Outperform. In a note to clients, Morgan Keegan writes, "This evening, Bard announced that it has reached agreements in principle with plaintiff's law firms to settle the majority of its existing hernia product claims...
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Wedbush Reiterates Outperform Rating On Abiomed
Friday, July 1, 2011 - 8:01am | 101According to Wedbush, Abiomed (NASDAQ: ABMD) Outperform rating is reiterated. Wedbush said that it is adjusting its fiscal Q1:2012 revenues lower to better reflect the expected evolution of the market later this year and be more inline with management comments about the projected split of revenues...
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A Peek Into The Market Before The Trading Starts
Friday, July 1, 2011 - 7:37am | 402Pre-open movers US stock futures are slightly higher this morning. Futures on the Dow Jones Industrial Average rose 22 points to 12,367.00 and futures on the S&P 500 stock index rose 0.30 point to 1,315.80. Nasdaq 100 futures gained 2.00 points to 2,323.00. A Peek Into Global Markets Asian...
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Invacare Corporation Gives Notice of Right to Convert 4.125% Convertible Senior Subordinated Debentures Due 2027
Friday, July 1, 2011 - 7:30am | 67Invacare Corporation (NYSE: IVC) announced today that it has determined that its 4.125% Convertible Senior Subordinated Debentures due 2027 have become convertible at the option of the holders beginning on July 1, 2011 and will remain convertible through September 30, 2011, as provided in the...
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Acorda Therapeutics Licenses Rights to Investigational Treatment for Spinal Cord Injury and Traumatic Brain Injury
Friday, July 1, 2011 - 7:01am | 176Acorda Therapeutics, Inc. (Nasdaq: ACOR) today announced that it has licensed worldwide development and commercialization rights to a proprietary magnesium formulation from Medtronic, Inc. (NYSE: MDT), which will be referred to as AC105. Acorda plans to study AC105 as an acute treatment for...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 4:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Mad Money Lightning Round: Cramer Advises Investors To Buy Royal Dutch Shell
Friday, July 1, 2011 - 12:22am | 228On CNBC's Mad Money, Jim Cramer said during the Lightning Round that LinkedIn (NYSE: LNKD) has “moved up too much. I don't trust it here." For International Paper (NYSE: IP), Jim said, "You're going to have a home run there over the next 18 months." He likes ManTech International (NASDAQ: MANT...