Author: Chase Hillenbrand

Array Biopharma on the Rise after Colorectal Cancer Trial Success

Array Biopharma on the Rise after Colorectal Cancer Trial Success

Array Biopharma Inc.’s (NASDAQ: ARRY) shares spiked 22.95 percent to close at $25.77 a share on Tuesday. The stock traded between $21.94 and $26.82 on volume of 20.03 million shares traded. Shares of Array Biopharma have soared nearly 85 percent in 2019. Array’s stocks was sent soaring after the company reported positive results from its Phase 3 BEACON CRC clinical […]

Starbucks Plans Debt Sale for Stock Buybacks, Sustainability Spending

Starbucks Plans Debt Sale for Stock Buybacks, Sustainability Spending

Starbucks (SBUX) outlined plans to sell debt on Thursday to raise cash for corporate purposes including stock repurchases and sustainability projects, while S&P Global Ratings said the coffee chain’s sales have “regained some steam.”  The Seattle-based company said in a Securities and Exchange Commission filing that it’s selling senior notes, with amounts, rates and maturities to be determined. Starbucks said […]

IMAX Q1 EPS Above Expectations, Revenue Misses Mark

IMAX Q1 EPS Above Expectations, Revenue Misses Mark

IMAX (IMAX) rose more than 3% in pre-market trading on Friday after the entertainment technology company raised its view on its 2019 global box-office performance and posted stronger-than-expected adjusted earnings for its most recent quarter.  Adjusted EPS decreased to $0.18 in the March quarter from $0.21 a year ago, but that still beat the $0.17 average estimate of analysts surveyed […]

Berenberg Initiatives Coverage on Small/Mid-Cap Net Lease REITs With Buy, Hold Ratings

Berenberg Initiatives Coverage on Small/Mid-Cap Net Lease REITs With Buy, Hold Ratings

Berenberg launched coverage of small- and mid-cap net lease real-estate investment trusts with buy and hold investment ratings, saying in a note to clients that the firm believes this is “an area where investors should deploy capital, especially in light of an overall macro environment where growth is challenged.”  The firm cited “the large market opportunity in the space, coupled […]