Google POPPING and 4 Stocks Reaching 52-Week Highs
Charles River Labora (NYSE:CRL): The state-of-the-art, 60,000-square-foot R&D services facility extends the Company’s diagnostic capabilities for research model health monitoring, clinical chemistry, hematology, biomarker assay development, and immunoassay services. The new facility offers high-functioning, controlled environments, building monitoring and mechanical systems redundancy, as well as energy reduction via occupancy sensor-driven air distribution and lighting. The shares have traded in a 52-week range of $25.52 to $37.63.
Walt Disney Company (NYSE:DIS): Disney Interactive has dropped more than 50 employees in a restructuring effort, according to Deadline Hollywood, adding that nearly 3 percent of the online unit were affected. No cuts have been made to the organization’s Games group. The shares have traded in a 52-week range of $28.19 to $51.24.
Express Scripts (NASDAQ:ESRX): Walgreen (NYSE:WAG) retreats after TRICARE, who provides healthcare coverage to military families, announced last night that it intends to continue designating the retailer as a non-network pharmacy provider. Prescriptions for TRICARE’s clients are processed by Express Scripts (NASDAQ:ESRX). Walgreen ceased filling prescriptions for Express Scripts patients at the beginning of this year because of a contract dispute. Although Express Scripts and Walgreen signed a new contract in July, TRICARE has refused to return Walgreen to its previous position as an in-network pharmacy. Separately, Walgreen reported earlier in the morning that its same-store sales fell 8.2 percent during August and Q4 revenue reached $17.08 billion, which slightly missed consensus expectations. The shares have traded in a 52-week range of $34.47 to $63.38.
Physicians Formula (NASDAQ:FACE) announced that it received an unsolicited, nonbinding proposal for the acquisition of all its outstanding shares of common stock at a price totaling $4.90 per share, subject to a number of conditions, including the completion of due diligence and securing of financing commitments by the third party, which submitted the proposal, and the negotiation of a mutually acceptable definitive agreement. As discussions and negotiations with the third party may end at any time, the company’s board has not decided curently that the acquisition proposal constitutes a superior proposal and has not changed its recommendation in regards to the company’s pending merger with affiliates of Swander Pace Capital which will be effected pursuant to the merger agreement. The company’s board is is still evaluating the acquisition proposal. The shares have traded in a 52-week range of $2.54 to $4.48.
Google Inc. (NASDAQ:GOOG): New research predicts that Facebooks’s (NASDAQ:FB) U.S. mobile-advertising revenue will quintuple next year, which will push it into the top ranks of the mobile-ad business following Google (NASDAQ:GOOG). In a report that is to be released today, eMarketer Inc. believes that Facebook could bring in nearly $72.7 million in U.S. revenue this year from advertising on mobile devices, according to the Wall Street Journal. The shares closed at $699.40, up $18.68 or 2.74% on the day. They have traded in a 52-week range of $480.60 to $688.99.
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