Peregrine Pharmaceuticals(NASDAQ:PPHM) shares
climbed 4.44% to $4.70 in the pre-market hour after soaring 47% in Friday’s
session. On Friday, the company announced that interim results from its Phase
IIb trial in patients with refractory non-small cell lung cancer showed a
statistically significant improvement in overall survival and a doubling of
median overall survival in the bavituximab-containing arms, compared to the
control arm.
Additionally, Roth Capital restated their buy rating
on shares of PPHM and the firm currently has a $5.00 price target on the stock.
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PPHM Continue To Move Higher? Find Out Here
Lululemon Athletica inc.(NASDAQ:LULU) shares fell
0.18% to $77 in the pre-market hour. The company posted second quarter net
income of $57.22 million or $0.39 per share from prior-year's $38.38 million or
$0.26 per share. Net revenue jumped 33% to $282.63 million from $212.32 million
in the same quarter last year. Analysts expected earnings of $0.31 per share on
revenues of $282.34 million.
Transocean LTD(NYSE:RIG) shares gained 1.47% to
$48.30 in the pre-market hour after the company announced that it has reached
definitive agreements to sell 38 shallow water drilling rigs to Shelf Drilling
International Holdings, Ltd. (Shelf Drilling) for approximately $1.05 billion.
The list of rigs to be acquired by Shelf Drilling in the transactions is provided
as Appendix A. Shelf Drilling is a newly formed company sponsored equally by
Castle Harlan, Inc., CHAMP Private Equity and Lime Rock Partners.
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Free Trend Analysis On RIG Here
On Assignment, Inc.(NYSE:ASGN) announced the public
offering of 4,781,857 shares of its common stock by certain selling
stockholders. The selling stockholders will receive all of the net proceeds
from this offering, and On Assignment will not receive any proceeds from the
sale of shares in this offering.
The Bank of New York Mellon Corporation(NYSE:BK)
stock declined 0.79% to $22.74 in the pre-market hour. BK has been appointed by
UBM plc as the sponsored depositary bank for its American Depositary Receipt
(ADR) program. Each UBM ADR represents
one ordinary share and trades on the OTC markets under the symbol “UBMPY.”
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