Shares of Bio-Techne (TECH), a maker of biotech reagents, touched a new yearly high of $151.89 on Thursday. According to IHS Markit PMI data, healthcare sector output is increasing and the rate remained strong relative to last year’s trend.
Online file storage company Dropbox (DBX) hit a new 52-week high of $34.33 after the initial public offering of 36 million of class A common shares. Dropbox began trading at an opening value of $21 per share, higher than the expected $15 to $20 range.
Shares of LivePerson (LPSN), which provides mobile and online business messaging services, reached a new yearly high of $16.60 on Thursday. Institutional investors are increasing their stakes in LivePerson as the company is likely to achieve EPS growth of 20.40% for this year and 97.80% for next year.
Athletic apparel retailer Lululemon Athletica’s (LULU) stock touched a new yearly high of $89.53 after better-than-expected fourth-quarter results. Sell-side analysts are changing their price target and maintaining their topmost rating.
Israel-based communications provider Partner Communications’ (PTNR) stock hit a new 52-week low of $4.58 on Thursday after posting a loss for the fourth quarter due to continued downward pressures on the prices of postpaid and prepaid cellular services.
Shares of B&G Foods (BGS), which owns the Green Giant range of products, fell to a new yearly low of $23.42. Analysts are expecting the company to post a decline in earnings for the current quarter and full-year. Six of the total nine analysts are recommending a Hold rating.
Insurance company Brown & Brown’s (BRO) shares tumbled to a new 52-week low of $25.16 on Thursday after it paid the previously declared 2-for-1 stock split on Wednesday. As a result of the stock split, the number of outstanding common shares will rise from about 138 million to about 276 million.
The gaming retailer GameStop’s (GME) shares dropped to a new yearly low of $12.20 after its fragile outlook despite better-than-expected fourth-quarter results. During the earnings conference call, CEO Mike Mauler said that GameStop will pause on investing in new businesses and acquisitions due to the change of focus on systems, remodeling, and maintenance in the near future.
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,