Synacor (SYNC) Inks Mega-Deal; Tribune Publishing Co (TPUB) Spurns Takeover Offer

Synacor_SYNC

Shares of Synacor, Inc. (Nasdaq:SYNC) soared more than 120% to touch a new 52-week high in the extended session Wednesday after the company said that it was awarded a portal services contract by telecom giant AT&T Inc. (NYSE:T). According to Synacor, about $100 million in annual revenues are expected from the deal – following full product deployment next year -.

SYNC stock closed at $1.41, down $0.01 (or -0.70%), with a total volume of 1,174,779 shares traded during the day, a very large increase in activity versus its average volume (3m) of 36,408

Synacor, which operates as a technology development, multiplatform services, and revenue partner for video, Internet, and communications providers, device manufacturers and enterprises, has 30.02M Shares Outstanding. At close on Wednesday, the company had Market Capitalization of $42.33M and SYNC stock one-year range was from $1.03 to $2.10 per share

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Tribune_Publishing_Co_TPUB

Tribune Publishing Company (NYSE:TPUB) said that it has rejected a $12.25 per share – in cash – unsolicited takeover offer from media giant Gannett Co., Inc. (NYSE:GCI), stating that the proposal “undervalues” the diversified media and marketing-solutions company.

Separately, Tribune Publishing reported first quarter 2016 revenues of $398 million and adjusted net income of $6.6 million, or $0.23 per diluted share for the period

TPUB stock finished at $11.02, down $0.16 (or -1.43%), and 147,579 of its shares exchanged hands on Wednesday’s trading session

Tribune Publishing, which publishes newspapers in the United States, has $31.66M Shares Outstanding, Market Capitalization (intraday) of $348.90M and TPUB stock 52-week range is between $5.45 and $17.64 per share

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American DG Energy (ADGE) Soars on Debt Reduction; UBS Boosts PT on Ferrari (RACE)

American_DG_Energy_ADGE

American DG Energy Inc. (NYSEMKT:ADGE) shares skyrocketed more than 158% to touch the $0.62 mark in intraday trading Wednesday after the company said that it has reduced its outstanding convertible debt by $9.3 million.

The On-Site Utility provider expects to release its first quarter 2016 earnings report on Friday, May 13, before the opening bell

ADGE stock is exchanging hands at $0.43, up $ 0.19 (or +80.76%) with 1,995,647 shares traded so far, representing a large increase in activity verus its average volume (3m) of 13,318

American DG Energy, which supplies low-cost energy to its customers through distributed power generating systems, has 50.68M Shares Outstanding and ADGE stock 52-week range is between $0.24 and $0.86 per share.

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Ferrari_RACE

Brokerage firm UBS maintained a Buy rating while boosting its price target on shares of Ferrari N.V. (NYSE:RACE) from $48.00 to $50.00

The Italian luxury carmaker company said that its first quarter 2016 revenue climbed 8.8% year-over-year to Euro 675 million, while net profit jumped 19% to Euro 78 million versus the same period the prior year

RACE stock is trading at $44.18, up $0.23 (or +0.52%), and 310,334 of its shares exchanged hands so far

Ferrari, which is focused on the design, engineering, production and sale of the world’s most recognizable luxury performance sports cars, has 188.92M Shares Outstanding and RACE stock one-year range is from $31.66 to $60.97 per share.

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Guggenheim Sees Upside in Sunrun (RUN); Glaukos (GKOS) Surpasses Forecasts

Sunrun_RUN

Investment analysts at Guggenheim initiated coverage on Sunrun Inc. (Nasdaq:RUN) shares with a Buy rating and a price target of $14.00, representing a more than 84% upside potential over its price at close on Tuesday of $7.59 per share

The residential solar company expects to release its first quarter 2016 financial results on Thursday, May 12, after the closing bell

Sunrun, which engages in the design, development, installation sale, ownership, and maintenance of residential solar energy systems in the U.S., has 101.59M Shares Outstanding, Market Capitalization (intraday) of $771.09M and RUN stock one-year range is from $4.86 to $14.95 per share

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Glaukos_GKOS

Shares of Glaukos Corp. (NYSE:GKOS) soared more than 20% in the extended session Tuesday after the company delivered quarterly profit and revenue numbers in its financial results that exceeded Wall Street analysts’ expectations.

For the first quarter 2016, Glaukos posted net sales of $23.1 million, a 57% increase year over year, and net income of $897,000, or $0.03 per diluted share, compared to a net loss of ($966,000), or ($0.40) per diluted share in the same quarter the prior year, easily surpassing the Capital IQ Consensus Estimate of ($0.15) loss per share onrevenues of $18.82 million for the period

The ophthalmic medical technology company has boosted its 2016 net sales guidance to a range of between $100 million and $102 million from the previously reported guidance range of $90 million to $93 million, also exceeding the Capital IQ Consensus Estimate of $91.92 million for the full year

GKOS stock closed at $19.87, up $0.09 (or +0.46%), and 269,351 of its shares exchanged hands during the day

Glaukos, which develops and commercializes products and procedures designed for the treatment of glaucoma, has 32.37M Shares Outstanding, Market Capitalization (intraday) of $643.18M and GKOS stock 52-week range is between $14.25 and $33.92 per share

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QKL Stores (QKLS) Captures Upward Bounce; Sturm Ruger (RGR) Pulls the Profits-Trigger

QKL_Stores_QKLS

QKL Stores Inc. (Nasdaq:QKLS) stock soared to reach the $0.81 mark in intraday trading Monday, finally closing at $0.71, up $0.25 (or +54.35%), and 194,489 of its shares exchanged hands during the day, a large increase in activity versus its average volume (3m) of 10,094. There appears to be no relevant recent information from the Chinese based supermarket chain company that may explain this movement in the stock.

QKL Stores said a couple of weeks ago that its fourth quarter 2015 revenue decreased by 17.7% year-over-year to $62.4 million, while its net loss for the period jumped to ($18.3) million from a net loss of ($14.7) million in the fourth quarter 2014

QKL Stores, which operates in Northeastern China and Inner Mongolia and sells a broad selection of merchandise, including groceries, fresh food, and non-food items, has 1.52M Shares Outstanding, Market Capitalization (intraday) of $1.08M and QKLS stock 52-week range is from $0.44 to $3.94 per share.

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Sturm_Ruger_&_Co_RGR

Shares of Sturm, Ruger & Co. Inc. (NYSE:RGR) climbed more than 4% in the extended session Monday after the company delivered a robust growth in profit and revenue in its quarterly financial results

For the first quarter 2016, Sturm, Ruger & Co. posted net sales of $173.1 million, a 26.35% increase year over year, and net income of $23.28 million, or $1.21 per diluted share, compared to net income of $15.5 million, or $0.81 per diluted share in the same quarter the prior year.

RGR closed at $67.54, up $3.51 (or +5.48%), with a total volume of 600,425 shares traded

Sturm, Ruger & Co., which designs, manufactures, and sells firearms under the Ruger trademark in the United States, has 18.96M Shares Outstanding, Market Capitalization (intraday) of $1.28B and RGR stock one-year range is between $48.10 and $78.09 per share

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Point72 Asset Sees Potential In Pernix Therapeutics (PTX); Steadfast Capital Bets On GrubHub (GRUB)

Pernix_Therapeutics_PTX

Shares of Pernix Therapeutics Holdings, Inc. (Nasdaq:PTX) soared more than 40% in after-hours trading Friday as Steven A. Cohen’s Point72 Asset Management, L.P. disclosed in a regulatory filing ( SC 13G ) with the Securities and Exchange Commission (SEC) a 5.8% stake (3,724,344 shares) in the company.

The specialty pharmaceutical company project to release its first quarter 2016 earnings report this week on Thursday, May 05, before the opening bell.

PTX stock touched a new 52-week low of $0.73 during the last trading session, finally closing at $0.75, down $0.029 (or -3.73%)

Pernix Therapeutics, which develops, manufactures, markets, and sells pharmaceutical products, has 63.90M Shares Outstanding, Market Capitalization (intraday) of $47.93M and PTX stock one-year range is between $0.73 and $7.10 per share

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GrubHub_GRUB

Hedge fund Steadfast Capital Management LP disclosed after the closing bell Friday in a SEC filing ( SC 13G ) a 5.1% stake (4,310,000 shares) in GrubHub Inc. (NYSE:GRUB)

The online and mobile food-ordering company expects to deliver its first quarter 2016 financial statement on Tuesday, May 3, before the market open.

GRUB stock closed at $26.22, down $0.04 (or -0.15%), and 1,027,562 of its shares exchanged hands during the day

GrubHub, which provides an online and mobile platform for restaurant pick-up and delivery orders in the United States, has 84.62M Shares Outstanding, Market Capitalization (intraday) of $2.22B and GRUB stock 52-week range is from $17.77 to $41.20 per share

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Disclaimer: The disclaimer is to be read and fully understood before using our site, or joining our email list. GalaxyStocks is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read full disclaimer at http://galaxystocks.com/disclaimer/

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