SYS-CON MEDIA Authors: Kevin Benedict, Rich Waidmann, Pat Romanski, Michael Jannery, Javier Paniza

News Feed Item

MGM Resorts Shares Climb Higher as Billionaire Kerkorian may Boost his Stake. Market Trades Flat on Good Economic Data

NEW YORK, March 15, 2013 /PRNewswire/ --

A new SEC filing revealed that Billionaire Kirk Kerkorian, 95 years old, could boost his position in MGM through his investment company Tracinda. His position would move from 18.6% to 25%. Tracinda made the disclosure with the Federal Trade Commission to comply with antitrust regulations, according to a securities filing earlier this week. Shares of MGM have already gained over 6.5% this year. The stock closed up 6.65% at $13.24 on Thursday.

Whether bull or bear The Stock Freak has got you covered! Sign up to receive our free newsletters and stay up to date with stocks on the run. http://www.thestockfreak.com

Orbitz Worldwide, Inc. (NYSE: OWW) - Shares of Orbitz Worldwide hit a new 52-week high on Thursday. In intra-day trading the stock hit as high as $5.99. The Company's Partner Network, a leading provider of private label travel technology, has launched a new partnership with the Finnish airline Finnair to power dynamic package search and booking capabilities on the co's U.S. website. The new agreement enables travelers to leverage Orbitz Worldwide proprietary technology for booking vacation packages that combine flights with hotel rooms. On March 1st and March 5th, an insider in the Company sold a combined 28,106 shares. OWW closed at $5.94 yesterday, up 9.19%.

ARCA biopharma, Inc. (Nasdaq: ABIO) - ARCA biopharma was one of the biggest gainers on the Nasdaq composite on Thursday, climbing as high as $3.92 in intra-day trading. The unusual price soar was also accompanied by heavy trading volume. The stock traded 1,606,726 shares, significantly higher than the stock's average of 83,185 shares. ARCA biopharma, Inc. is a biopharmaceutical company that focuses on developing genetically-targeted therapies for cardiovascular diseases. The stock closed at $3.19 yesterday, up 38.70%.

The Men's Wearhouse, Inc. (NYSE: MW) - MW was one of the most actively traded stocks on the NYSE. The stock rose as high as $35.29 in intra-day trading. The Company reported revenues yesterday, announcing that overall revenue in the quarter, which ended Feb. 2, rose 8.2% to $608.4 million. For the quarter, the Company met expectations on revenues but missed expectations on earnings per share. The Men's Wearhouse posted a 7-cent per-share loss vs. a 5-cent loss a year earlier, two cents below the low end of management's guidance. Shares of MW closed at $34.64, up 19.16% yesterday.

Sigma Designs, Inc. (Nasdaq: SIGM) - Sigma Designs, Inc. shares closed up 17.65% on Thursday, at $5.20. The Company reported financial results and business highlights for its fourth fiscal quarter and fiscal year ended February 2, 2013. Net revenue for fiscal year 2013 was $216.6 million, an increase of $34.0 million from $182.6 million in the previous year. Net revenue for the fourth quarter of fiscal 2013 was $44.2 million, down $19.7 million, from $63.9 million reported in the previous quarter and up $8.6 million, from $35.6 million reported for the same period last year. On March 4th, the Interim CFO bought 10,000 shares. Research firm Needham upgraded the stock from "hold" to "buy".

Quicksilver Resources Inc. (NYSE: KWK) - Shares of KWK experienced an unusual volume and price per share boost on Thursday. The stock closed with gains over 26% yesterday at $2.74. Trading volume was over nine million shares, more than three times higher than the stock's average of 2,780,830 shares. The independent oil and gas company engages in the acquisition, exploration, development, and production of onshore oil and gas in North America. The stock has a 52-week trading range of 1.62 - 5.97.

To find similar research reports that are available for free follow the link below and sign up at http://www.thestockfreak.com    

Disclosure: TheStockFreak.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

SOURCE www.thestockfreak.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
AppDynamics, the application intelligence leader for software-defined businesses, announced the general availability of the AppDynamics Fall '14 Release. Serving the combined needs of IT and business teams across the enterprise, the latest release provides a comprehensive view across all aspects of digital performance in ultra large scale deployments. AppDynamics delivers Application Intelligence by building out advanced capabilities across the key areas of analytics, unified monitoring and D...
CloudBees, Inc., has announced a $23.5 million financing round, led by longtime CloudBees investor Lightspeed Venture Partners. Existing investors Matrix Partners, Verizon Ventures and Blue Cloud Ventures also participated in the round. The latest funding announcement follows earlier rounds of $4 million, $10.5 million and $10.8 million, bringing the total investment in CloudBees to just under $50 million since the company’s inception in 2010. Previous venture investment rounds were led by Ma...
We’re no longer looking to the future for the IoT wave. It’s no longer a distant dream but a reality that has arrived. It’s now time to make sure the industry is in alignment to meet the IoT growing pains – cooperate and collaborate as well as innovate. In his session at @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, will examine the key ingredients to IoT success and identify solutions to challenges the industry is facing. The deep industry expertise be...
In this Women in Technology Power Panel at 15th Cloud Expo, moderated by Anne Plese, Senior Consultant, Cloud Product Marketing at Verizon Enterprise, Esmeralda Swartz, CMO at MetraTech; Evelyn de Souza, Data Privacy and Compliance Strategy Leader at Cisco Systems; Seema Jethani, Director of Product Management at Basho Technologies; Victoria Livschitz, CEO of Qubell Inc.; Anne Hungate, Senior Director of Software Quality at DIRECTV, discussed what path they took to find their spot within the tec...
The cloud is becoming the de-facto way for enterprises to leverage common infrastructure while innovating and one of the biggest obstacles facing public cloud computing is security. In his session at 15th Cloud Expo, Jeff Aliber, a global marketing executive at Verizon, discussed how the best place for web security is in the cloud. Benefits include: Functions as the first layer of defense Easy operation –CNAME change Implement an integrated solution Best architecture for addressing network-l...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Today, IT is not just a cost center. IT is an enabler and driver of business. With the emergence of the hybrid cloud paradigm, IT now has increasingly more capabilities to create new strategic opportunities for a business. Hybrid cloud allows an organization to utilize multi-tenant public clouds, dedicated private clouds, bare metal hosting, and the associated support and services for the right use cases through an on-demand, XaaS model. This model of IT creates tremendous opportunities for busi...
“DevOps is really about the business. The business is under pressure today, competitively in the marketplace to respond to the expectations of the customer. The business is driving IT and the problem is that IT isn't responding fast enough," explained Mark Levy, Senior Product Marketing Manager at Serena Software, in this SYS-CON.tv interview at DevOps Summit, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
DevOps means different things to different people. Qubell defines DevOps as the ability for the developer teams to do what they need to do to have this level of self-service. At DevOps Summit, Stan Klimoff, CTO of Qubell, demos the enterprise DevOps platform.
Cloud computing started a technology revolution; now DevOps is driving that revolution forward. By enabling new approaches to service delivery, cloud and DevOps together are delivering even greater speed, agility, and efficiency. No wonder leading innovators are adopting DevOps and cloud together! In his session at DevOps Summit, Andi Mann, Vice President of Strategic Solutions at CA Technologies, explored the synergies in these two approaches, with practical tips, techniques, research data, wa...
Software AG and Wipro Ltd. have announced a joint solution platform for streaming analytics that provides real-time actionable intelligence for the Internet of Things (IoT) market. “The key to successfully addressing the IoT market is the ability to rapidly build and evolve apps that tap into, analyze and make smart decisions on fast, big data”, said John Bates, Global Head of Industry Solutions and CMO, Software AG. To address the huge market potential created by streaming analytics in conj...
Appcore deploys cloud for service providers based on the Apache Cloud set. In this demo at 15th Cloud Expo, Nate Gordon, Director of Technology at Appcore, shows their new product that's coming out in January - Appcore Atlas, which is focused on deploying private clouds based on CloudStack in 15 minutes or less. Our upcoming June 9-11, 2015, event in New York City will present a total of 10 simultaneous tracks (the largest conference content in the world) by an all-star faculty, over three days...
Amazon, Google and Facebook are household names in part because of their mastery of Big Data. But what about organizations without billions of dollars to spend on Big Data tools - how can they extract value from their data? In his session at 6th Big Data Expo®, Ali Ghodsi, Co-Founder and Head of Engineering at Databricks, discussed how the zero management cost and scalability of the cloud is addressing the challenges and pain points that data engineers face when working with Big Data. He also s...
Wearable devices have come of age. The primary applications of wearables so far have been "the Quantified Self" or the tracking of one's fitness and health status. We propose the evolution of wearables into social and emotional communication devices. Our BE(tm) sensor uses light to visualize the skin conductance response. Our sensors are very inexpensive and can be massively distributed to audiences or groups of any size, in order to gauge reactions to performances, video, or any kind of present...