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Stocks That Crossed 52-Week Highs (ACTG, AEY, EGBN, HMSY)
Tuesday, May 11, 2010 - 2:06pm | 207Acacia Research Corp (NASDAQ: ACTG) crossed its earlier 52-week high of $15 and created a new 52-week high of $15.15, up 1.81% at 12:51 pm. ACTG’s Document Generation Corporation subsidiary has entered into a settlement agreement with Cerner Corporation (NASDAQ: CERN) covering patents relating to...
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Benzinga’s Top Downgrades (STRL, VTIV, IPSU, MELA, BBND)
Tuesday, May 11, 2010 - 1:39pm | 183Sterling Construction Company Inc (NASDAQ: STRL) was downgraded by Wunderlich from “buy” to “hold.” STRL closed at $16.62 yesterday. Sterling Construction has a 52-week trading range of $12.52-$21.22. Auriga downgraded inVentiv Health Inc (NASDAQ: VTIV) from “buy” to “hold.” VTIV’s shares closed at...
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Bailouts Boost Bulls 05-10-2010
Monday, May 10, 2010 - 2:30pm | 830Cusick’s Corner Bailout! Bailout! Who needs a Bailout? It’s official -- no one is allowed to fail. With this new “optimism” in the market, the short-term trader is leaning on this bullish enthusiasm. While it is a nice boost into the midday, there is the potential of setting up some short-term...
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Benzinga’s Volume Movers (STST, CEDC, EDMC, GXDX, HRBN)
Monday, May 10, 2010 - 1:53pm | 225ARGON ST Inc (NASDAQ: STST) shares gained 8.95% to $25.88 by 12:53 pm. The volume of STST shares traded was 1,335% higher than normal. STST is a systems engineering, development and services provider. Central European Distribution Corp (NASDAQ: CEDC) shares climbed 14.47% to $29.98. The volume of...
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Merger Arbitrage Mondays – May 10, 2010
Monday, May 10, 2010 - 3:23am | 4746Given the turn in the market last week and the fear of sovereign defaults, I expected deal activity to slow down or spreads to increase for existing deals. However we saw the same number of deals last week as in the week prior with 6 new deals announced and one deal that closed. As for the increase...
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Benzinga’s Volume Movers (VTIV, TESO, NILE, TTMI, PODD)
Friday, May 7, 2010 - 3:59pm | 192inVentiv Health Inc (NASDAQ: VTIV) shares gained 4.77% to $25.06 by 1:06 pm. The volume of VTIV shares traded was 3493% higher than normal. VTIV is being acquired by Thomas H. Lee Partners, a private equity firm, for $1.1 billion. Tesco Corp (NASDAQ: TESO) shares climbed 6.79% to $11.48 by 1:06 pm...
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Benzinga’s Top Downgrades (VTIV, STEC, ERII, NVTL, FSYS)
Friday, May 7, 2010 - 2:28pm | 150inVentiv Health Inc (NASDAQ: VTIV) was downgraded by Caris & Company from “above average” to “average.” VTIV closed at $23.92 yesterday. VTIV has a 52-week trading range of $11.42-$25.30. Wedbush downgraded STEC Inc (NASDAQ: STEC) from “neutral” to “underperform.” STEC’s shares closed at $13.23...
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NHWK's Long Term Outlook Improve
Friday, May 7, 2010 - 10:57am | 139Analysts at Goldman Sachs maintain their "neutral" rating on NightHawk Radiology Holdings Inc (NASDAQ: NHWK), while reducing their estimates for the company. The target price for NHWK has been reduced from $4.00 to $3.50. NHWK had posted its Q1 results slightly below the analysts expectations....
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Piper Jaffray Upgrades NHWK To Neutral
Friday, May 7, 2010 - 6:56am | 41Analysts at Piper Jaffray upgrade NightHawk Radiology (NASDAQ: NHWK) from "underweight" to "neutral." NHWK’s shares fell 4.12% to close at $3.26 yesterday. More Analyst Ratings here
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Omnicare (OCR) Misses Estimates
Thursday, May 6, 2010 - 9:41am | 94Omnicare, Inc. (NYSE: OCR) released financial results on Thursday morning that missed Wall Street estimates. Omnicare, Inc. reported that its 1st quarter net earnings rose to $50.9 million, or 43 cents per share, up from $30.9 million, or 26 cents per share, a year earlier. Excluding special items...
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InVentiv Health (VTIV) Maintains Buy Rating Ahead Of Results
Wednesday, May 5, 2010 - 2:22pm | 148Auriga analyst Gene Mannheimer reiterated his Buy rating for shares of inVentiv Health Inc. (NASDAQ: VTIV), with a price target of $27 per share. Mannheimer was looking forward to inVentiv Health Inc. reporting its financial results after the market closes today and said that he believed the...
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Top 5 Stocks In The Consumer Services Industry With The Highest Cash (EMS, SFLY, NTRI, UTA, TUC)
Wednesday, May 5, 2010 - 6:19am | 167Below are the top 5 consumer services stocks on the NASDAQ and the NYSE in terms of cash. Emergency Medical Services Corp (NYSE: EMS) had $381 million in cash in the latest quarter, while its debt liabilities stood at $448.61 million. Shutterfly, Inc (NASDAQ: SFLY) had $156.8 million in cash in the...
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Jeffries Suggests Getting Long Amedisys
Monday, May 3, 2010 - 11:45am | 186Amedisys (NASDAQ: AMED) is a provider of home health services to the chronic, co-morbid, and aging American population. They are scheduled to speak at the 35th Annual Deutche Bank Health Care Conference tomorrow and Jeffries recommends that investors think about getting long the name ahead of the...
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Benzinga’s Top Upgrades (ATHN, DPS, BNCL, APC)
Monday, May 3, 2010 - 9:48am | 165Athenahealth, Inc (NASDAQ: ATHN) was upgraded by Caris & Company from “average” to “above average.” ATHN lost 17.91% to $29.02 by 9:19 am. ATHN’s EPS has grown by 138.05% in the past five years. Stifel Nicolaus upgraded Dr Pepper Snapple Group, Inc (NYSE: DPS) from “hold” to “buy.” Shares of...
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Auriga Lowers Athenahealth (ATHN) Price Target To $32
Monday, May 3, 2010 - 9:02am | 183Auriga analyst Gene Mannheimer reiterated a Hold rating for shares of Athenahealth, Inc (NASDAQ: ATHN) and reduced the price target to $32 per share from the previous price target of $40 per share. The reduced price target follows the release of financial results by Athenahealth, Inc that failed to...