Major indices in U.S gapped down on Wednesday with investors
awaited more comments from the chairman of the Federal Reserve. The Dow Jones
Industrial Average fell 21.68 (-0.17%) to 12,783.86 and the S&P 500 index slid
0.64 (-0.05%) to 1,363.03. The Nasdaq Composite bucked the trend and rose 9.12 (0.31%)
to 2,919.16. Following are the notable movers at morning session on Wednesday:-
Tesla Motors Inc (NASDAQ:TSLA) shares declined 6.66% to
$31.17 in the morning hour after the stock of Tesla had its “buy” rating
restated by equities researchers at Jefferies Group in a report issued today.
The company last posted its quarterly earnings results on May 9, 2012. The
company reported ($0.76) earnings per share (EPS) for the quarter, missing the
consensus estimate of ($0.69) by $0.07. Analysts expect that Tesla Motors will
post $-2.44 EPS for the current fiscal year.
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Galena Biopharma Inc (NASDAQ:GALE) stock climbed 9.36% to
$1.86 in the early hour after the company announced the issuance of a key
patent, originally allowed in March 2012, from the U.S. Patent and Trademark
Office (USPTO) covering the use of its product candidate, NeuVax(TM), a
HER2/neu peptide vaccine, for inducing immunity to breast cancer recurrence in
patients having low-to-intermediate IHC levels of 1+ or 2+ and a FISH rating of
less than 2.0.
StemCells, Inc. (NASDAQ:STEM)
stock declined 12.22% to $1.58 in the morning hour after the company announced
preclinical data demonstrating that its proprietary human neural stem cells
restored memory and enhanced synaptic function in two animal models relevant to
Alzheimer's disease (AD). The data was presented today at the Alzheimer's
Association International Conference 2012 in Vancouver, Canada.
Sally Beauty Holdings, Inc. (NYSE:SBH) shares fell 7.72% to
$25 in the early hour after the company announced preliminary results for the
third-quarter ended June 30, 2012. The company reported third quarter GAAP net
earnings of $69.5 million, up 0.5% from $69.1 million in the year ago quarter.
GAAP earnings per share were approximately $0.37, flat when compared to fiscal
2011 third quarter GAAP earnings per share of $0.37.
SEI Investments Company (NASDAQ:SEIC) shares declined 0.10%
to $19.91 in the morning hour after the company reported second-quarter net
income of $49.56 million or $0.28 per share, from $53.60 million or $0.29 per
share in the same quarter last year. Total revenues for the quarter rose to
$241.24 million from $237.76 million in the prior year quarter Analysts
expected the company to report earnings of $0.30 per share on revenue estimate
of $243.39 million for the quarter.
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