Big Stock Decliners (ILMN, SAAS, YGE, FSLR, WNR)
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Illumina, Inc. (NASDAQ:ILMN) stock dropped 7.06% to $50.90 after the company will buy prenatal test company Verinata Health Inc. for $350 million and up to $100 million in milestone payments through 2015. The deal signals another move by a manufacturer of laboratory-based gene-sequencing tools into diagnostics, one step away from consumers. The company will gain control of Redwood City-based Verinata’s Verifi non-invasive prenatal test that identifies fetal chromosomal abnormalities, such as those found in Down syndrome.
Will ILMN Bounce Back After yesterday’s Sharp Sell off? Find Out Here
Incontact Inc (NASDAQ:SAAS) shares fell 6.94% and closed at $4.83 after Zacks downgraded shares of inContact from an outperform rating to a neutral rating in a report issued yesterday. They currently have $6.40 target price on the stock.
Additionally, the company last posted its quarterly earnings results on November 1. The company reported ($0.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.03) by $0.01. The company had revenue of $27.90 million for the quarter.
Is it the Right to Grab SAAS after the Recent Slump? Get Free Trend Analysis Here
Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) shares fell 6.79% and closed at $2.61 after the company announced that, according to preliminary data, the Company expects its module shipment for the fourth quarter of 2012 to reach a new historical high. Therefore, the module shipment for full year 2012 is expected to be more than 2.2 GW, beating the high end of its full year shipment guidance of 2.1 GW to 2.2 GW.
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First Solar, Inc. (NASDAQ:FSLR) shares dropped 6.60% to $31.37 after Intermolecular Inc. ( IMI ) and First Solar have entered into a two-year collaboration and licensing agreement focused on further increases to the conversion efficiency of FSLR’s cadmium telluride (CdTe) solar cell technology. FSLR and IMI researchers will collaborate to develop disruptive new approaches to increasing the performance of CdTe solar cell technology using IMI’s proprietary High Productivity Combinatorial (HPC) platform. The program targets substantial gains in FSLR’s module conversion efficiency beyond its previously announced roadmap.
Will FSLR Reach The Bottom After Yesterday’s Correction? Find Out Here
Western Refining, Inc. (NYSE:WNR) shares dropped 6.52% and closed at $26.94 in the previous trading session. The company will announce earnings results for the fourth quarter and full year ended December 31, 2012, on Thursday, February 28, 2013, before the open of trading on the New York Stock Exchange. The Company has scheduled a conference call for February 28, 2013, at 10:00 am ET to discuss these results.
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