News Headline Summary

RANsquawk - Today's Trading Edge

Friday 10th May

TIME: 20:56
NEWS: Roche spokesman reiterates that Illumina (ILMN) is off the table
REACTION: Illumina shares moved 7.58% lower in immediate reaction to the news from USD 73.97 to USD 68.37.

TIME: 20:26
NEWS: Endo's (ENDP) petition to block generic Opana ER denied by the US FDA
REACTION: Co. shares moved 10.4% lower in immediate reaction to the news from USD 37.95 to USD 34.00.

TIME: 19:58
NEWS: Market talk that Roche have made a USD 88/shr for Illumina (ILMN) - Unconfirmed
REACTION: In reaction to this chatter ILMN shares gained 1.8% from USD 67.97 to USD 69.23. In the following 15mins co. shares gained 14%

TIME: 19:23
NEWS: Muddy Waters cautious on Vipshop (VIPS)
REACTION: Co. shares moved 4.4% lower in immediate reaction to the news from USD 32.70 to USD 31.26.

TIME: 17:57 BST
NEWS: Carl Icahn says Herbalife (HLF) should be trading higher
REACTION: Co. shares have moved higher by 1.2% following these initial comments; trades USD 43.94 last.

TIME: 17:54 BST
NEWS: Citron research negative on Chemed (CHE); "CHE Game Over! Government joins qui tam lawsuit, on top of last weeks suit."
REACTION: Co. shares moved 2.5% lower from USD 63.36 to USD 61.83.

TIME: 1708BST
NEWS: Activis (ACT) said to be in early stage talks to buy Warner Chilcott (WCRX)
REACTION: Actavis shares fell by 2% from USD 107.82 to USD 105.66. Warner Chilcott moved 5.58% higher from USD 15.50 to USD 16.36 before Co. shares triggered a circuit breaker. In the 2 minutes following the initial reaction, Actavis shares pared the initial move lower, spiking 4.40% higher from USD 107.82 to USD 112.50. Warner Chilcot shares also resumed trade.

TIME: 1617BST
NEWS: Dataram (DRAM) reports memory manufacturing partnership with Advanced Micro Devices (AMD)
REACTION: Dataram shares moved 29.68% higher in immediate reaction to the news, from USD 3.39 to USD 4.39, before being halted by a circuit breaker. Advanced Micro Devices shares are unmoved in immediate reaction to the news; trades USD 3.87 (+0.52%) last.

TIME: 1613BST
NEWS: GlaxoSmithKline (GSK LN) and Theravence (THRX) win US approval for lung disease treatment
REACTION: THRX shares moved 5.54% higher in immediate reaction to the news from USD 32.72 to USD 34.58. GlaxoSmithKline shares also moved higher by 0.85% from GBP 16.59 to GBP 16.74.

TIME: 1533BST
NEWS: Intuitive Surgical (ISRG) issues urgent medical device notification, saying it has identified potential issue with monopolar curved scissors
REACTION: In immediate reaction co. shares traded lower by 1.20% from USD 498.31 to USD 493.36

TIME: 1442BST
NEWS: ONGC may raise USD 4bln to part fund a deal with ConocoPhillips (COP) according to an executive
REACTION: ConocoPhillips Co. shares moved 0.73% lower in reaction to this comment; trades USD 62.06 last.

TIME: 1101BST
NEWS: Anglo American (AAL LN) Platinum may cut 6,000 jobs
REACTION: Co. shares of Anglo American (AAL LN), parent company of Anglo American Platinum, fell 0.57% from GBP 16.44 to GBP 16.34, trading at GBP 16.51 last.

TIME: 0928BST
NEWS: Lloyds Banking Group (LLOY LN) to make full repayment of EUR 13..5bln to the ECB
REACTION: Co. shares rose 0.5% from GBP 0.582 to GBP 0.585 before quickly paring.

TIME: 0851BST
NEWS: Rhoen Klinikum (RHK GY) says Alecta wants to hold a shareholder meeting in order to eliminate the 90% clause for major strategic decisions
REACTION: Co. shares immediately spiked higher by 1.7% from EUR 16.20 to EUR 16.48.

10 May 2013 - 16:29 - - Source: Newswires

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