ContraVir Pharmaceuticals (CTRV) shares fell 46% in afternoon trade after the firm priced a public offering of its class A and class B units. The offering has an expected total gross proceeds of about $2.1 million, before deducting placement agent fees and other offering expenses payable by the company. The class A units, with each consisting of one share of […]
Sonic Automotive (SAH) shares jumped 9% intraday after the company reported early Thursday Q1 adjusted earnings of $0.39 per diluted share, up from $0.26 per share a year ago and also above the $0.23 average estimate from analysts polled by Capital IQ. Total revenue fell to $2.39 billion from $2.40 billion a year ago, and lagging the $2.42-billion consensus. Sonic’s […]
The Dow Jones Industrial Average retreated in early trading Thursday after 3M’s (MMM) earnings disappointment, while the Standard & Poor’s 500 and the Nasdaq Composite initially took mixed directions before both measures turned red. The blue-chip gauge posted a decrease of more than 200 points after 3M reported first-quarter results that came in below analysts’ expectations and the company cut […]
The number of claims filed by Americans for first-time unemployment benefits was higher than expected last week against a backdrop of spring break volatility and recent strike action in three states where Dutch grocer Ahold Delhaize (AD.AMS) has Stop & Shop stores. Initial claims for jobless benefits came in at 230,000 on a seasonally-adjusted basis in the week ended April […]