CGI Group Subsidiary Awarded $143M Contract and 4 Stocks Riding Hit 52-Week Highs
Apple Inc. (NASDAQ:AAPL): AT&T (NYSE:T) is to face a net neutral complaint filed against them from the Free Press, Public Knowledge, and the New America Foundation’s Open Technology Institute about network neutrality rules in regards to the use of Apple’s FaceTime, according to Gigaom.com. This move comes as no surprise, but the FCC response time is unclear. The shares closed at $701.91, up $2.13 or 0.3% on the day. They have traded in a 52-week range of $354.24 to $699.80.
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Ariad Pharmaceutical (NASDAQ:ARIA) along with MolecularMD made the announcement that MolecularMD has decided to voluntarily withdraw its Premarketing Approval application to the FDA for its BCR-ABL T315I Mutation Test. The test is intended to detect the BCR-ABL T315I mutation in chronic myeloid leukemia, or CML, and Philadelphia-chromosome positive acute lymphoblastic leukemia patients. The MolecularMD BCR-ABL T315I Mutation Test was supposed to be a companion diagnostic to be used along with ARIAD’s investigational BCR-ABL inhibitor, ponatinib, which continues to be under review for U.S. marketing approval by the FDA in the U.S. Most recently, MolecularMD was told by the FDA’s Center for Devices and Radiological Health that its BCR-ABL T315I Mutation Test is no longer considered a companion diagnostic test for ponatinib. According to FDA guidance, for a clinical laboratory test to be granted a PMA as a companion diagnostic test, the test is required to give information necessary to be safely and effectively used as a therapeutic product. The shares closed at $23.85, up $0.35 or 1.49% on the day. They have traded in a 52-week range of $7.72 to $23.72.
Actuant Corp. (NYSE:ATU) believes it will report a non-cash pre-tax asset impairment charge totaling $60 million during Q4 operating results. Actuant has decided that an impairment of Mastervolt goodwill and intangible assets exists because of business underperformance since its acquisition, lowered expectations for long term Mastervolt profit and cash flow, and weaker European economic and credit conditions. The company thinks that the solar industry will keep growing worldwide, and it has decided to lower its long term profitability expectations for Mastervolt. The shares closed at $30.76, up $0.57 or 1.89% on the day. They have traded in a 52-week range of $17.81 to $30.49.
Cameron International (NYSE:CAM): Yet again, the Obama administration has chosen to delay in the release of an independent report commissioned by the Energy Department for the examination of the economic impact of exporting liquefied natural gas from the U.S., which indicates that the politically charged decision will probably wait until after the presidential elections, according to Reuters last night. The shares closed at $58.01, down $0.14 or 0.24% on the day. They have traded in a 52-week range of $38.38 to $60.00.
CGI Group (NYSE:GIB): The Mission Installation Contracting Command, Mission Contracting Office-Fort Eustis has awarded CGI Federal, which is a wholly-owned U.S. operating subsidiary of CGI Group, a contract worth $143 million for the support of the core functions of the operational environment for the U.S. Army Training and Doctrine Command, Deputy Chief of Staff for Intelligence. Additionally, the contract has a one-year base with two, one-year option periods. The shares closed at $27.34, up $0.52 or 1.94% on the day. They have traded in a 52-week range of $16.51 to $27.69.
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