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United Natural Foods, Inc. (NASDAQ:UNFI): United Natural Foods, Inc. announced plans to consolidate their four existing Denver based distribution facilities into a state-of-the-art, 535,000 square foot facility located at Gateway Park in Aurora, Colorado. The new facility is expected to commence operations in the summer of 2013. Shares of United Natural Foods, Inc. are trading at 7.93% lower today.
Sunesis Pharmaceuticals, Inc. (NASDAQ:SNSS): Following their completion yesterday of a single, pre-planned interim analysis of unblinded efficacy and safety data sets from Valor, Sunesis Pharmaceuticals, Inc. announced that they will implement a one time, 225 patient sample size increase to their Phase 3 Valor trial of Vosaroxin in acute myeloid leukemia, bringing the target enrollment to 675 patients. This is in response to the recommendation of the trial’s independent Data and Safety Monitoring Board. Valor is a Phase 3, randomized, double-blind, placebo-controlled, pivotal trial of Vosaroxin in patients with first relapsed or refractory AML. With the revised target sample size of 675 patients, Sunesis anticipates full enrollment of Valor in 2013, with unblinding of the trial upon reaching 562 events and final database lock. This is expected to occur in the first half of 2014. The DSMB recommendation also triggers Royalty Pharma’s obligation to invest $25 million in Sunesis. Shares of Sunesis Pharmaceuticals, Inc. are trading at 34.09% higher today.
Sunshine Heart Inc (NASDAQ:SSH): According to an amended S-1, filed by Sunshine Heart Inc. and in conjunction with the recent stock offering, a large “strategic investor” took a significant position in the company and will send a “board observer” there, to “monitor developments.” Such actions could be construed as the first stages of a significant partnership with a larger company or possibly, a buyout of Sunshine and/or its technology. Although dilutive to shareholders, the offering also funds Sunshine through the expected interim analysis of data (50 patient mark) for the upcoming US trial. This is significant in the fact that the 50% mark may be enough to convince the said “strategic investor” to either partner or buy the company. Shares of Sunshine Heart Inc., are trading at 7.86% higher today.
Shuffle Master, Inc. (NASDAQ:SHFL): After the gambling equipment maker’s third-quarter results came in below expectations, an analyst reduced Shuffle Master, Inc.’s price target. On Monday the company reported earnings of 18 cents per share on revenue of $63.4 million. Shares are trading at 5.12% lower today.
Five Below Inc (NASDAQ:FIVE): Yesterday, Five Below Inc. reported second quarter adjusted earnings of 4 cents per share on revenue of $86.8 million. Analysts surveyed by FactSet expected earnings of 1 cent per share on revenue of $82.1 million. Though shares declined a bit today, it is not anticipated that the stock will be lower, since the retailer’s growth plans are on target and their third quarter outlook was better than expected. Shares of Five Below Inc. are trading at 5.86% lower today.
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