Morning Buzz: Yahoo (YHOO), Starwood Hotels & Resorts (HOT), The Fresh Market (TFM), 3D Systems (DDD), GW Pharmaceuticals (GWPH)

Shares of Yahoo! Inc. (YHOO) are higher marginally to $33.88 in morning trading on Monday after following a Recode report that Yahoo plans to discontinue a number of its ongoing projects, including Yahoo Games, Yahoo Astrology, and LiveText.

Starwood Hotels & Resorts Worldwide Inc. (HOT) shares surged 6.82% to $75.22 in early trading after the hotel chain said it received a $14 billion/$76 a share, non-binding buyout offer from a consortium of companies led by China’s Anbang Insurance Group. Starwood already has a $12 billion agreement in place to be bought by Marriot.

Shares of The Fresh Market, Inc. (TFM) are up $5.45, or 23.72%, at $28.43, after the grocery store chain this morning agreed to be acquired by private equity firm Apollo Global Management for $1.36 billion in cash, or $28.50 per share.

3D Systems Corporation (DDD) is up more than 25% to $14.50 in morning trading after it reported better-than-expected Q415 results.

In its quarterly report, the provider of 3D printing solutions said it earned $0.19 per share, well above the $0.06 per share analysts were expecting. Revenue fell 2.1% yoy to $183.4 million, but above views for $183 million.

Shares of GW Pharmaceuticals (GWPH) spiking 110% to $80.70 in Monday trading after the company said its cannabis-derived drug for children with severe epilepsy significantly reduced the amount of seizures in children with a rare form of severe epilepsy in a phase-three trial.

Be the first to comment

Leave a Reply

Your email address will not be published.


*