ARM Holdings plc (ADR) (NASDAQ:ARMH) stock fell
8.09% to $25.04. The shares of ARM Holdings
was downgraded by Deutsche Bank from a “hold” rating to a “sell” rating
in a research note issued today. Additionally, analysts expect that ARMH will
post $0.69 EPS for the current fiscal year. The company designs
microprocessors, physical Internet protocol (IP) and related technology and
software, and sells development tools.
Can
ARMH Rebound After Today’s Slump? Find Out Here
Medivation, Inc. (NASDAQ:MDVN) shares climbed 5.56%
to $110.69 in the early hour after the company said its late-stage prostate
cancer drug, which it developed with Astellas Pharma Inc, has received US Food
and Drug Administration's approval. The drug, to be sold under the name Xtandi,
was approved for the treatment of men with late-stage castration-resistant
prostate cancer that has spread or recurred, even with medical or surgical
therapy to minimize testosterone.
Additionally, MDVN shares had its price target
increased by Credit Suisse from $120.00 to $149.00 in a research note released
today and they currently have an outperform rating on the stock.
China Information Technology, Inc. (NASDAQ:CNIT)
stock declined 6% to $0.940. The 52 week trading range for the company is $0.71
- $2.62. The shares of the company plummeted 62% in the last one year. The
company is a provider of information and displays technologies.
Cell Therapeutics Inc (NASDAQ:CTIC) shares dropped
8.97% to $1.98 in the early hour after the company last week that the
shareholders of the company have elected Richard Love, Mary Mundinger, and Jack
Singer to serve on the company's Board of Directors until its 2015 Annual
Meeting. This decision was made in the
annual meeting held today in which the shareholders also approved other items
of the agenda.
Can
CTIC Rebound After Today’s Slump? Find Out Here
Sirius XM Radio Inc (NASDAQ:SIRI) shares fell 0.59%
to $2.52. The company last week announced that its Chief Executive Officer, Mel
Karmazin, has adopted a trading plan for SiriusXM common stock in accordance
with Rule 10b5-1 of the Securities Exchange Act of 1934. This process is
intended to facilitate Mr. Karmazin's personal financial planning strategy of
asset diversification and liquidity.
Aditionally, the company announced that Mel
Karmazin, its Chief Executive Officer, is expected to speak at the Bank of
America Merrill Lynch Media, Communications and Entertainment Conference in
Beverly Hills, CA, on Wednesday, September 12, 2012 at approximately 8:45 am
PT.
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