News Headline Summary

RANsquawk - Today's Trading Edge

TIME: 2010BST
NEWS: US files a lawsuit against PharMerica (PMC)
REACTION: In an immediate reaction, Co. shares fell 6.95% lower from USD 14.64 to USD 13.62.

TIME: 1822BST
NEWS: Zoltek (ZOLT) is rumoured to have received takeover approaches that would value the company at about USD 800m, according to sources
REACTION: In an immediate reaction, ZOLT shares rose 14% from USD 13.86 to USD 15.81.
TIME: 1753BST
NEWS: Perry Capital to file 13D on JC Penney (JCP) today, according to CNBC. Said Perry Capital wants Ullman out as CEO, with Ken Hicks as replacement and Questrom as chairman.
REACTION: JCP shares rose 4.72% within 2 minutes of this news, from USD 12.41 to USD 13.00.

TIME: 1735BST
NEWS: Entropic Communications (ENTR) CEO purchases 10K shares at a price of USD 3.67 according to an SEC filing
REACTION: Co. shares immediately moved to a fresh high in reaction to this filing, in a move higher of 5.6% from USD 3.60 to USD 3.80.

TIME: 1654BST
NEWS: JinkoSolar Holdings (JKS) and Cenergy Power partner to provide photovoltaic power system to HMC farms
REACTION: In an immediate reaction, Co. shares saw a 2.89% move higher from USD 12.52 to USD 12.88.

TIME: 1515BST
NEWS: Beacon Roofing (BECN) sees year EPS USD 1.50 - USD 1.60 vs. Exp. USD 1.80
REACTION: In the immediate reaction, BCN shares fell 4.4% lower from USD 39.73 to USD 38.00

TIME: 1440BST
NEWS: Market talk that Warren Buffett is targeting Joy Global (JOY) for USD 75 per share - Unconfirmed
REACTION: JOY shares immediately moved 2.4% higher from USD 49.62 to USD 50.82

09 Aug 2013 - 16:07 - - Source: RANsquawk

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