Stocks In The News – AUQ, CELG, RFMD, CRZO, NFX
NEW YORK, January 11, 2013, (MESHPRESS) – Csrnewsdaily.com, an investor research portal specializing in several sectors including biotech and healthcare and tech stocks on the U.S. market, issues news updates on the following Tuesday’s Top Gainers:-
AuRico Gold Inc (USA) (NYSE:AUQ) shares jumped 3.48% and closed at $8.33. The company, on Dec. 17, announced that following its receipt of gross proceeds of $750 million relating to the recent sale of the Ocampo mine, the Board of Directors has authorized the making of a substantial issuer bid, pursuant to which the Company will offer to purchase for cancellation up to 36,144,578 of its outstanding common shares for an aggregate purchase price not exceeding $300 million.
Can AUQ Continue To Move Higher? Find Out Here
Celgene Corporation (NASDAQ:CELG) shares increased 3.40% to $95.48 in yesterday’s session after the company, on Jan. 8, provided its financial outlook for 2013 at the JPMorgan 31st Annual Healthcare Conference. In 2013, total net product sales are expected to be approximately $6.0 billion, an 11.4% year-over-year increase. Adjusted diluted earnings per share (EPS) are expected in the range of $5.50 to $5.60, a 12 to 14 percent year-over-year increase. Based on U.S. Generally Accepted Accounting Principles (GAAP), diluted EPS is expected in the range of $4.67 to $4.79.
Can CELG Extend Jump? Find Out Here
RF Micro Devices, Inc. (NASDAQ:RFMD) shares climbed 3.38% and closed at $4.90 in the previous trading session after Topeka Capital initiated coverage on RF Micro with a Hold and price target set at $5.00.
Additionally, the company will host a conference call to review fiscal 2013 third quarter financial results on Tuesday, January 22, 2013, at 5:00 p.m. (ET). The conference call will be webcast live on the Company’s web site.
How Should Investors Trade RFMD Now? Find Out Here
Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares increased 3.43% and closed at $20.23 in the previous trading session. The company, on Dec. 28, announced that it has entered into a definitive agreement to sell its wholly owned subsidiary Carrizo UK Huntington Limited, and all of its interest in the Huntington Field in the UK North Sea to a subsidiary of Iona Energy Inc. (TSX VENTURE: INA) for a cash consideration of $184 million. Carrizo expects to net approximately $116 million, after payment of approximately $70 million to retire and close our UK credit facility, working capital adjustments and transaction related costs. This transaction is expected to close on or before the end of January, and is subject to customary closing conditions and purchase price adjustments.
How Should Investors React To CRZO Now? Find Out Here
Newfield Exploration Co. (NYSE:NFX) shares increased 3.30% and closed at $28.19 in yesterday’s session. FBR Capital reaffirmed their outperform rating on shares of Newfield in a research note released on Dec. 28. They currently have a $38.00 price target on the stock. Additionally, analysts at Societe Generale cut their price target on shares of Newfield Exploration to $39.00 in a research note to investors on November 21.
How Should Investors React To NFX Now? Find Out Here
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