Tripadvisor FACING Headwinds and 4 Must-Notice Hot Stocks
WellPoint, Inc’s (NYSE:WLP) guidance includes costs in relation to its acquisition of 1-800 CONTACTS, to the settlement of a litigation matter, and the the possible financing of an Amerigroup acquisition. Year-end medical enrollment is now expected to have nearly 33.4 million members, which will consists of nearly 20.1 million self-funded members as well as nearly 13.3 million fully insured members. Shares of WellPoint, Inc. are trading 12.11% lower today.
RadioShack Corporation (NYSE:RSH): CEO Jim Gooch stated: “Our financial position and balance sheet are strong, our liquidity exceeds $900 million, and year-to-date we generated positive operating cash flow. As we look towards the upcoming debt maturity of $375M in August 2013, we have decided to adjust our capital structure and lower our debt-to-equity ratio. We expect to refinance approximately one-half of this debt maturity in the coming months, with the balance paid down with excess cash. In conjunction with this strategy, we have decided to suspend our dividend program. This will allow us to increase the amount of excess cash available to pay down the debt, continue to invest in improving the business, and ensure that we maintain our strong balance sheet. We believe this approach will drive the best long-term outcome for our shareholders.” Shares of RadioShack Corporation are trading 27.40% lower today.
Tripadvisor Inc (NASDAQ:TRIP) along with other travel companies faces headwinds from the slowing economy and the European credit crisis, which crimps consumer spending. The company’s website, used for user-generated reviews of hotels and other travel businesses, relies upon advertising and subscriptions for revenue. Shares of Tripadvisor Inc are trading 17.64% lower today.
Piedmont Natural Gas Company Inc. (NYSE:PNY) shares are trading 0.89% lower today.
Alexandria Real Estate Equities Inc. (NYSE:ARE): Verenium Corporation, who is a leading industrial biotechnology company, has focused on the development and commercialization of high-performance enzymes, while Alexandria Real Estate Equities, Inc., who is the leading owner, operator and developer of high-quality, sustainable real estate and technical infrastructure for the life science industry, celebrates that grand opening for the new office and laboratory building for Verenium located in the Torrey Pines area of San Diego, CA. Shares of Alexandria Real Estate Equities Inc. are trading 0.38% lower today.
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