SciClone Pharmaceuticals, Inc. (NASDAQ:SCLN) shares declined 5.53% to $6.49 in the morning hour. The 52 week trading range for the company is $3.41 - $7.58. The shares of the company have surged over 50% in the last six months. SciClone is a specialty pharmaceutical company. The Company has a product portfolio of therapies for oncology, infectious diseases, cardiovascular, urological, respiratory and central nervous system disorders
Unit Corporation (NYSE:UNT) stock gained 2.27% to $36.92 in the early hour after the company announced that its wholly owned subsidiary, Unit Petroleum Company, has entered into an agreement to acquire certain oil and natural gas assets from Noble Energy, Inc. that include approximately 84,000 net acres primarily in the Granite Wash, Cleveland, and Marmaton plays in western Oklahoma and the Texas Panhandle, for $617.1 million in cash, subject to certain possible adjustments.
Abercrombie & Fitch Co. (NYSE:ANF) stock climbed 6.44% to $34.88 in the morning hour after the New York Post reported that Abercrombie plans a big share buyback to appease investors and is also likely to cut back on its European expansion plans. The exact size of the repurchase program could not immediately be determined, but a source reported that it would be a material increase over the board's current authorization to buy back 12.9 million shares, or about 15% of the company’s float.
Additionally, Analysts at Piper Jaffray lowered their earnings per share (EPS) estimates on shares of Abercrombie & Fitch in a research report issued to clients and investors July 9. The firm currently has an “overweight” rating and a $50.00 price target on the company’s shares.
Group 1 Automotive, Inc. (NYSE:GPI) shares climbed 0.66% to $48.72 in the early hour after the company today announced that its board of directors authorized a program to repurchase up to $50.0 million of the company's common stock. Purchases may be made from time to time, based on market conditions, legal requirements and other corporate considerations, in the open market or in privately negotiated transactions.
During the second quarter of 2012, the company repurchased 241,991 common shares at an average price of $46.75. The new $50.0 million program replaces any amount remaining under the prior authorization at June 30.
First Community Corporation (NASDAQ:FCCO) shares declined % to $ in the morning hour after the company reported second quarter of 2012 net income of $760 thousand as compared to $558 thousand in the same quarter last year. Diluted earnings per common share were $0.23, as compared to $0.17 a share in the year ago period.
Additionally, the company’s Board of Directors has approved a cash dividend for the second quarter of 2012. The company will pay a $0.04 per share dividend to holders of the company's common stock. This dividend is payable August 3, 2012, to shareholders of record as of July 20, 2012.