NEW YORK, March 22, 2013 /PRNewswire/ --
Apple Inc. saw gains on Thursday as additional rumors about the
pending iPhone 5S came to surface. According to tech blog
Digitimes, the iPhone 5S could be seen later this summer and that
Apple is expected to ship around 45 million iPhone 5S units in the
fourth quarter of 2013. The phone is expected to be similar to the
iPhone 5 with slight improvements made including a better camera
and faster processor. Shares of Apple hit as high as $457.98 yesterday.
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Excel Maritime Carriers, Ltd. (NYSE:EXM) - Shares of EXM saw an
unusual spike on Thursday as well as advance in volume. The stock
closed up 27.66% at $0.90 with
trading volume significantly higher than average. Yesterday trading
volume was around 4.4 million shares in comparison to an average of
876,953 shares. The Shipping industry saw a boost on Thursday which
could have influenced Excel Maritime's gains. The Company, who
provides sea borne dry bulk cargo transportation services
worldwide, has a 52-week trading range of 0.36 - 2.07.
ACADIA Pharmaceuticals Inc. (Nasdaq: ACAD) - Acadia
Pharmaceuticals hit a new multi-year high of $8.81 on Thursday. The big move came after the
Company reported that new data from a study of its drug
pimavanserin met a series of secondary goals in the clinical trial.
Pimavanserin is designed to treat psychosis in patients with
Parkinson's disease. The Company has said that patients treated
with pimavanserin were less likely to suffer hallucinations and
delusions. Trading volume yesterday was over 22 million shares;
roughly thirteen times higher than the stock's average. Shares
closed up 23.91% at $8.24.
SUPERVALU Inc. (NYSE: SVU) - Supervalu Inc. was one of the most
active stocks trading on the NYSE on Thursday. The stock rose more
than 13 percent after the supermarket operator announced that it
completed the sale of five of its grocery chains. Supervalu sold
five of its grocery chains to Cerebus Capital Management LP in a
deal valued at $3.3 billion,
including debt. The company said it will be a "more efficient
wholesale and retail company" after the transfer, with roughly
$17 billion in annual sales. Volume
traded yesterday was more than double than average. The stock
closed up 11.69% at $4.68.
Oracle Corporation (Nasdaq: ORCL) - Oracle Corporation was one
of the biggest decliners on the Nasdaq composite on Thursday with
the stock sinking as much as 10% in intra-day trading when it hit a
low of $32.18. The big drop
came after the Company reported surprisingly disappointing
third-quarter new software revenue late Wednesday, which it blamed
on poor sales execution. Several analysts changed their ratings on
the Company including Credit Agricole who reduced its rating on
Oracle, to "underperform" from "outperform" and cut its share
target price to $35 from $38. Trading volume yesterday was over 130
million shares. The stock closed at $32.30, down 9.69%.
Ballard Power Systems Inc. (Nasdaq: BLDP) - Shares of Ballard
Power Systems took a tumble on Thursday after the Company announced
that it has priced an underwritten offering of 7,275,000 units at a
price of U.S. $1.10 per unit, for
gross offering proceeds of approximately U.S. $8.0 million. The stock sank as low as
$0.99 in intra-day trading. By the
close it bounced back slightly to $1.08, still down 20.59%. Trading volume
yesterday was significantly higher than average at about 5.5
million shares traded in comparison to an average of 393,382
shares.
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