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JMP Securities also downgraded Cephalon (CEPH) to Market Perform from Outperform. The firm cited the acquisition proposal by Valeant (VRX), which the firm views as attractive and thinks shareholders will ultimately accept an offer
Meanwhile, Citigroup downgraded Gannett (GCI) to Hold from Buy.
JMP Securities has reportedly downgraded Rural/Metro (RURL) to Market Perform from Outperform. The firm cited the company's acquisition by Warburg Pincus as its reason. Shares closed at $17.04.
Nike declined 5.3% to $87.38 late Tuesday after meeting Q2 revenue expectations and beating on earnings. The stock traded mostly between $89 and a low of $86.89 last night.
Tibco Software moved 3.8% higher to $22 in Tuesday's evening trade after topping Q4 estimates and setting plans for a stock buyback. The stock traded mostly between $21.18 and $22.65 in last night's session.
Nike (NKE) and Tibco Software (TIBX) both reported earnings after the bell on Tuesday with Nike trading down and Tibco trading up after the reports.
Tibco Software Inc.
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Shares of Zions Bancorporation (NASDAQ:ZION) traded at a new 52-week high today of $27. ...
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Shares of YRC Worldwide (NASDAQ:YRCW) traded at a new 52-week high today of $21.44. Ap ...
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Shares of Crosstex Energy (NASDAQ:XTXI) traded at a new 52-week high today of $20.50. ...
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Weyerhaeuser (NYSE:WY) traded today at a new 52-week high of $32.67. So far today appr ...
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Shares of Web.com Group Inc (NASDAQ:WWWW) traded today at $22.84, breaking its 52-week ...
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West Pharmaceutical Services (NYSE:WST) traded today at a new 52-week high of $68.67. ...
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Watsco (NYSE:WSO) traded today at a new 52-week high of $89.10. Approximately 58,000 s ...
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Shares of WPX Energy (NYSE:WPX) traded at a new 52-week high today of $19.84. Approxim ...
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up
its...
The Wall Street Journal reports that home prices showed their best year-to-date gains since 2005, up 5.9% through July, signaling the housing market's steady march toward recovery. Also from the Wall Street Journal, IBM (IBM) will increase its efforts to sell so-called cloud computing services...
CEO Marissa Mayer is bringing in some more new blood to Yahoo!, tapping Ken Goldman as the company's new Chief Financial Officer. Goldman's appointment will take effect on October 22nd.
Goldman served as CFO at his most recent employer, Fortinet, having worked at Siebel Systems, Sybase,...
