5 Buzzing Stocks: Leap Wireless Drops 5%, Yelp Closes 63.8% Higher
Shares of Leap Wireless International (NASDAQ:LEAP) dropped nearly 5 percent in late trading. The company filed to sell 23.5 million shares held by money manager MHR Institutional Partners.
On its first public trading day, Yelp Inc. (NYSE:YELP) shares surged 63.8 percent. Shares edged slightly lower after the closing bell, but are still above $24 per share. The average Yelp insider acquired shares at $1.12.
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After closing 4.2 percent higher on Friday, shares of Wynn Resorts (NASDAQ:WYNN) continue to edge higher in extended trading. Shares were halted during regular trading as the company retracted an announcement that it had advanced a project in Macau.
Shutterfly Inc. (NASDAQ:SFLY) declined 1.15 percent in late trading, despite closing 16 percent higher in regular trading. The online photo company plans to purchase Kodak’s online photo sharing platform for $23.8 million. The deal will transfer customer accounts and images in the U.S. and Canada from Kodak Gallery to Shutterfly.
Shares of Citigroup Inc. (NYSE:C) edged slightly lower as Chairman Richard Parsons has decided not to stand for re-election at the April shareholders meeting. The WSJ reports that the board is expected to name Michael O’Neill as his replacement.
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