Nov
27
Grupo Financiero Galicia S.A. (ADR) (NASDAQ:GGAL) jumped 10.19% to hit more than 2-year high Tuesday, extending gains on news that it held the Extraordinary Shareholders’ Meeting of Grupo Financiero Galicia S.A. on November 21st, 2013. There were total six items of the agenda including “Consideration of the merger of Lagarcué S.A. and Theseus S.A. into Grupo Financiero Galicia with the simultaneous dissolution of Lagarcué and Theseus without liquidation in accordance with the Art. 82 and following of the Commercial Companies Law and the articles 76 and related of the Income Tax law (20.628)”.
YPF SA (ADR) (NYSE:YPF) climbed to 1.5-year high on a report Repsol SA (REP), the oil producer whose YPF unit was seized by Argentina’s government last year, is going to receive $5 billion of 10-year bonds as compensation. The agreement to pay the bonds, denominated in dollars and guaranteed by the government, will settle the legal disagreement between Madrid-based Repsol and Argentina. Spanish Economy Minister Luis de Guindos told reporters at an event in Madrid that any agreements that remove uncertainties are good.
Caesars Entertainment Corp (NASDAQ:CZR) rallied 9.50% yesterday as New Jersey, which started testing online gambling last week, has been “inundated” with players trying to sign up, according to the state’s top gaming regulator. David Rebuck, director of the state’s Division of Gaming Enforcement, disclosed that more than 10,000 people registered to gamble in the first three days starting Nov. 21. The report revealed that two properties of Caesars Entertainment Corp. (CZR) are included in six casinos which have been approved to offer online wagers to residents and visitors.
Palo Alto Networks Inc (NYSE:PANW) advanced as its adjusted profit for the first quarter nearly doubled versus a year ago, topping analysts’ expectations by a penny, as revenues soared 49 percent. However, its loss for the quarter widened from a year ago, hurt mainly by higher expenses notwithstanding a surge in revenues.
Extreme Networks, Inc (NASDAQ:EXTR) grew 8.70% to new high as Needham Company started coverage on the stock with a “buy” rating and a $9.00 price target, representing a potential upside of 42.41% from the stock’s previous close
Tile Shop Hldgs, Inc. (NASDAQ:TTS) gained sharply yesterday after SAC capital disclosed a passive 2.57 million share or 5% stake in Tile Shop Holdings (TTS), according to a SEC filing.
Tiffany Co. (NYSE:TIF) moved to new high as the Jewelry retailer said its third-quarter earnings jumped 50% to $94.6 million or 73 cents a share, beating the analyst view for 58 cents a share, according to FactSet. The company also lifted its full-year EPS forecast.
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