Welcome!

News Feed Item

MGM Resorts Shares Climb Higher as Billionaire Kerkorian may Boost his Stake. Market Trades Flat on Good Economic Data

NEW YORK, March 15, 2013 /PRNewswire/ --

A new SEC filing revealed that Billionaire Kirk Kerkorian, 95 years old, could boost his position in MGM through his investment company Tracinda. His position would move from 18.6% to 25%. Tracinda made the disclosure with the Federal Trade Commission to comply with antitrust regulations, according to a securities filing earlier this week. Shares of MGM have already gained over 6.5% this year. The stock closed up 6.65% at $13.24 on Thursday.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.thestockfreak.com

Orbitz Worldwide, Inc. (NYSE: OWW) - Shares of Orbitz Worldwide hit a new 52-week high on Thursday. In intra-day trading the stock hit as high as $5.99. The Company's Partner Network, a leading provider of private label travel technology, has launched a new partnership with the Finnish airline Finnair to power dynamic package search and booking capabilities on the co's U.S. website. The new agreement enables travelers to leverage Orbitz Worldwide proprietary technology for booking vacation packages that combine flights with hotel rooms. On March 1st and March 5th, an insider in the Company sold a combined 28,106 shares. OWW closed at $5.94 yesterday, up 9.19%.

ARCA biopharma, Inc. (Nasdaq: ABIO) - ARCA biopharma was one of the biggest gainers on the Nasdaq composite on Thursday, climbing as high as $3.92 in intra-day trading. The unusual price soar was also accompanied by heavy trading volume. The stock traded 1,606,726 shares, significantly higher than the stock's average of 83,185 shares. ARCA biopharma, Inc. is a biopharmaceutical company that focuses on developing genetically-targeted therapies for cardiovascular diseases. The stock closed at $3.19 yesterday, up 38.70%.

The Men's Wearhouse, Inc. (NYSE: MW) - MW was one of the most actively traded stocks on the NYSE. The stock rose as high as $35.29 in intra-day trading. The Company reported revenues yesterday, announcing that overall revenue in the quarter, which ended Feb. 2, rose 8.2% to $608.4 million. For the quarter, the Company met expectations on revenues but missed expectations on earnings per share. The Men's Wearhouse posted a 7-cent per-share loss vs. a 5-cent loss a year earlier, two cents below the low end of management's guidance. Shares of MW closed at $34.64, up 19.16% yesterday.

Sigma Designs, Inc. (Nasdaq: SIGM) - Sigma Designs, Inc. shares closed up 17.65% on Thursday, at $5.20. The Company reported financial results and business highlights for its fourth fiscal quarter and fiscal year ended February 2, 2013. Net revenue for fiscal year 2013 was $216.6 million, an increase of $34.0 million from $182.6 million in the previous year. Net revenue for the fourth quarter of fiscal 2013 was $44.2 million, down $19.7 million, from $63.9 million reported in the previous quarter and up $8.6 million, from $35.6 million reported for the same period last year. On March 4th, the Interim CFO bought 10,000 shares. Research firm Needham upgraded the stock from "hold" to "buy".

Quicksilver Resources Inc. (NYSE: KWK) - Shares of KWK experienced an unusual volume and price per share boost on Thursday. The stock closed with gains over 26% yesterday at $2.74. Trading volume was over nine million shares, more than three times higher than the stock's average of 2,780,830 shares. The independent oil and gas company engages in the acquisition, exploration, development, and production of onshore oil and gas in North America. The stock has a 52-week trading range of 1.62 - 5.97.

To find similar research reports that are available for free follow the link below and sign up at http://www.thestockfreak.com    

Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

SOURCE www.thestockfreak.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Enterprises have taken advantage of IoT to achieve important revenue and cost advantages. What is less apparent is how incumbent enterprises operating at scale have, following success with IoT, built analytic, operations management and software development capabilities – ranging from autonomous vehicles to manageable robotics installations. They have embraced these capabilities as if they were Silicon Valley startups. As a result, many firms employ new business models that place enormous impor...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
SYS-CON Events announced today that Dasher Technologies will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Dasher Technologies, Inc. ® is a premier IT solution provider that delivers expert technical resources along with trusted account executives to architect and deliver complete IT solutions and services to help our clients execute their goals, plans and objectives. Since 1999, we'v...
SYS-CON Events announced today that TidalScale, a leading provider of systems and services, will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale has been involved in shaping the computing landscape. They've designed, developed and deployed some of the most important and successful systems and services in the history of the computing industry - internet, Ethernet, operating s...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that IBM has been named “Diamond Sponsor” of SYS-CON's 21st Cloud Expo, which will take place on October 31 through November 2nd 2017 at the Santa Clara Convention Center in Santa Clara, California.
Infoblox delivers Actionable Network Intelligence to enterprise, government, and service provider customers around the world. They are the industry leader in DNS, DHCP, and IP address management, the category known as DDI. We empower thousands of organizations to control and secure their networks from the core-enabling them to increase efficiency and visibility, improve customer service, and meet compliance requirements.
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, will describe how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launchi...
SYS-CON Events announced today that TidalScale will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. TidalScale is the leading provider of Software-Defined Servers that bring flexibility to modern data centers by right-sizing servers on the fly to fit any data set or workload. TidalScale’s award-winning inverse hypervisor technology combines multiple commodity servers (including their ass...
As hybrid cloud becomes the de-facto standard mode of operation for most enterprises, new challenges arise on how to efficiently and economically share data across environments. In his session at 21st Cloud Expo, Dr. Allon Cohen, VP of Product at Elastifile, will explore new techniques and best practices that help enterprise IT benefit from the advantages of hybrid cloud environments by enabling data availability for both legacy enterprise and cloud-native mission critical applications. By rev...
As popularity of the smart home is growing and continues to go mainstream, technological factors play a greater role. The IoT protocol houses the interoperability battery consumption, security, and configuration of a smart home device, and it can be difficult for companies to choose the right kind for their product. For both DIY and professionally installed smart homes, developers need to consider each of these elements for their product to be successful in the market and current smart homes.
Join IBM November 1 at 21st Cloud Expo at the Santa Clara Convention Center in Santa Clara, CA, and learn how IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Cognitive analysis impacts today’s systems with unparalleled ability that were previously available only to manned, back-end operations. Thanks to cloud processing, IBM Watson can bring cognitive services and AI to intelligent, unmanned systems. Imagine a robot vacuum that becomes your personal assistant tha...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, will lead you through the exciting evolution of the cloud. He'll look at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering ...