UBS Cuts Price Target on Joy Global (JOY) to $20 as Company Takes Initiatives to Manage Downturn

Notable 52-Week Highs and Lows 9/3: (TRVN) (NAVB) (BGS) High; (JOY) (KERX) (VRNT) Low

September 3, 2015 3:18 PM EDT

52-Week High:Trevena (Nasdaq: TRVN) $11.94. Trevena saw early gains as momentum continues this week after the company announced positive data from its randomized, double-blind, placebo- and active-controlled Phase 2b trial of TRV130 in moderate to severe acute postoperative pain after abdominoplasty surgery. The study achieved its primary endpoint of statistically greater pain reduction than placebo over 24 hours. In addition, TRV130 was superior to morphine in pre-specified secondary measures, exhibiting significantly reduced nausea, vomiting, and... More

Unusual 11 Mid-Day Movers 9/3: (KBIO) (PSEM) (MM) Higher; (JOY) (WPCS) (KERX) Lower

September 3, 2015 12:59 PM EDT

KaloBios Pharmaceuticals (Nasdaq: KBIO) % HIGHER; seeing a big pop above its 50-day SMA, which is currently at 2.59. The stock is at its highest levels since July.

Pericom Semiconductor Corporation (Nasdaq: PSEM) 37.4% HIGHER; Diodes and Pericom Semiconductor announced that Diodes Incorporated and Pericom have entered into an Agreement and Plan of Merger that provides for the acquisition of Pericom by Diodes.

Millennial Media, Inc. (NYSE: MM) 29.5% HIGHER; AOL announced its continued... More

Pre-Open Stock Movers 08/03: (PSEM) (MM) (GERN) (LCI) Higher; (FIVE) (KERX) (JOY) Lower (more...)

September 3, 2015 9:29 AM EDT

Pericom Semiconductor (NASDAQ: PSEM) 39% HIGHER; Diodes (NASDAQ: DIOD) and Pericom Semiconductor Corporation (NASDAQ: PSEM) announced that Diodes Incorporated and Pericom have entered into an Agreement and Plan of Merger that provides for the acquisition of Pericom by Diodes. At the effective date of the merger, each share of Pericom will be converted into the right to receive $17.00 in cash, without interest.

Millennial Media, Inc. (NYSE: MM) 30.5% HIGHER; AOL... More

Wall Street rises in volatile session ahead of jobs data

September 3, 2015 7:31 AM EDT

By Noel Randewich

(Reuters) - U.S. stocks ended slightly higher on Thursday as investors, on edge after recent turmoil in China's markets, looked toward a key U.S. jobs report that may figure in the Federal Reserve's decision about when to lift interest rates.

Major U.S. indices at one point rose strongly over 1 percent but relinquished those gains to dip into negative territory as worries about China's economy weighed on traders' minds, though the Dow Jones industrial average and S&P 500 managed to hold on to end modestly higher.

It was the second... More

Joy Global (JOY) Misses Q3 EPS by 16c

September 3, 2015 6:16 AM EDT

Joy Global (NYSE: JOY) reported Q3 EPS of $0.46, $0.16 worse than the analyst estimate of $0.62. Revenue for the quarter came in at $792 million versus the consensus estimate of $801.29 million.

Joy Global sees FY2015 EPS of $1.80, versus the consensus of $2.43. Joy Global sees FY2015 revenue of $3.1... More

Trading Radar for 9/3: Joy Global (JOY), Ciena (CIEN), Campbell Soup (CPB), Verifone (PAY), Infoblox (BLOX) Report

September 2, 2015 2:23 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
7:30am EDT

Challenger Job Cuts - no Street consensus

8:30am EDT

Initial Claims - Street sees 273kContinuing... More