Aerie Pharmaceuticals, Inc. (AERI Quick QuoteAERI ) announced data from the phase IIb study (“COMET-1”), which evaluated its investigational therapy, AR-15512, in patients with dry eye disease. While the study achieved statistical significance over multiple pre-specified sy
Virtus Investment Partners, Inc. (VRTS Quick QuoteVRTS ) has increased its regular quarterly cash dividend. The company announced a dividend of $1.50 per share, representing an 83% hike from the prior payout. The dividend will be paid out on Nov 12 to shareholders on record as of Oct 29, 20
RenaissanceRe Holdings (RNR) is a global provider of reinsurance, as well as various types of insurance and related services. The company was founded in 1993 and is headquartered in Bermuda, notes Jack Adamo, editor of Insiders Plus.
The company operates through three segments: Catastrophe Reinsurance, Specialty Reinsurance, and Lloyd’s segments (Lloyd’s of London).
Within these segments are covered property claims, automobile liability, catastrophe exposed workers’ compensation, cyber liability, directors and officers liability, environmental liability,....More>>>
KEMET Co. (NYSE:KEM) fell 5.5% during trading on Thursday after an insider sold shares in the company. The stock traded as low as $17.27 and last traded at $17.46. 1,957,336 shares were traded during trading, an increase of 32% from the average session volume of 1,481,909 shares. The stock had previously closed at $18.48.
Specifically, Director Robert G. Paul sold 11,998 shares of the company’s stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $18.61, for a total transaction of $223,282.78. Following the sale, the director....More>>>
This is the kind of stuff that keeps OPEC up at night.
The oil cartel and key ally Russia have spent more than a year trying to drain the world of excess supply. But the International Energy Agency warned Tuesday that a “colossal” oil boom in the United States could ruin their efforts.
The Paris-based agency said that a massive increase in output means the U.S. will soon be producing more oil than Saudi Arabia. It could soon challenge Russia for the global crown.
The manic American pumping, which the IEA estimates will average 10.4 million barrels a day....More>>>
Dover Corp (NYSE:DOV) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. Dover Corp is a multi-business operator in North America. It has footprint in engineered systems, energy, fluids and refrigeration and food equipment businesses. Dover Corp has a market cap of $15.17 billion; its shares were traded at around $97.35 with a P/E ratio of 18.91 and P/S ratio of 1.96. The dividend yield of Dover Corp stocks is 1.86%. Dover Corp had annual average EBITDA growth of 4.90% over the past ten years.
For the last quarter Dover Corp reported a revenue of $2 billion,....More>>>
On Tuesday, ourUnder the Radar Moversnewsletter suggested shorting small cap clinical-stage biopharmaceutical stock Axsome Therapeutics (NASDAQ: AXSM):
The downtrend for Axsome has been pretty well established for some time. We’re pulling the trigger today mainly because the horizontal floor at $6.03 (blue) has snapped, and there’s no real floor worth worrying about below that level. Underscoring the bearish thesis is the fact — and this is tough to see without the on-balance volume line — the selling volume started to flow in earnest even before the technical....More>>>
Astra Space (NASDAQ:ASTR), the newly public space launch company after its recent SPAC (special purpose acquisition company) merger, is set to take off with its first rocket launch. That is set to occur in a 16-day window starting Aug. 27. ASTR stock will likely get a nice boost from the event,
Canopy Growth (NYSE:CGC) is back. The new legal status of hemp in the U.S. has given CGC an opportunity to enter the world’s largest cannabis market, and Canopy Growth stock is again approaching 52-week highs.
However, those highs also leave Canopy Growth stock trading at an elevate