Tuesday, October 2, 2012

Nokia Corporation Slumps 6% (DARA, AGU, DVA, CYNO, NOK)

DARA Biosciences Inc(NASDAQ:DARA) shares increased 2.99% to $1.03 after the company announced that on October 1, 2012, NASDAQ notified the Company that it has regained compliance Rule 5550(a)(2), which requires a minimum bid price of $1.00 for continued listing on the NASDAQ Stock Market. The Company further announced that in light of the Company’s regaining compliance with the Minimum Bid Price Rule, the special meeting of stockholders that was scheduled to take place on November 8, 2012 to consider a reverse stock split proposal has been cancelled.

Will DARA Continue To Move Higher? Find Out Here

Agrium Inc. (USA)(NYSE:AGU) stock fell 0.54% to $104.96. Equities research analysts at Dundee Securities started coverage on shares of Agrium in a research note issued to investors on Sept. 26. The firm set a “buy” rating on the stock.

Additionally, Hedge fund Jana Partners said yesterday that Agrium's share price could rise about $50, or 50%, if the company took steps to improve its business.

DaVita Inc.(NYSE:DVA) stock increased 0.44% to $103.89 after Warren Buffett's conglomerate, Berkshire Hathaway Inc currently owns more than 10% of DaVita Inc after adding to its position at the end of last month. Berkshire added another 282,403 shares last week for between $100.42 and $103.76 each. It now holds about 10.2 million DaVita shares, for a stake of about 10.8% of the company, nearly twice that of the next-largest holder.

Cynosure, Inc.(NASDAQ:CYNO) shares dropped 5.20% to $24.41. The 52 week trading range for the company is $9.63 - $28.00. The shares of the company climbed 146% in the last one year. The company develops and markets aesthetic treatment systems that are used by physicians and other practitioners to perform non-invasive and minimally invasive procedures to remove hair rejuvenate the skin through the treatment of vascular and pigmented lesions.

Nokia Corporation (ADR)(NYSE:NOK) stock declined 6% to $2.60. This morning, Nokia Siemens, a joint venture between Nokia Oyj and Siemens AG, has completed the divestment of IPTV assets to Belgacom SA. The divestment is part of Nokia Siemens' focus on mobile broadband and services. A total of 23 employees is to be taken over by Belgacom.

Yesterday, Credit Suisse downgraded shares of Nokia from a neutral rating to an underperform rating in a report .

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