In energy news Mcmoran Exploration Company (NYSE:MMR) is a New Orleans, Louisiana based oil company that has specialized in providing oil and natural gas in the shallow waters of the Gulf of Mexico. The company's stock is currently trading down 10.81% at $10.62. This downturn is coming after the firm posted a very disappointing third quarter profit margin of -57.82% and a net operating margin of -57.91%. The firm's stock has had its ups and downs throughout the year and has yet to break even on the year.
Heads are turning from the performance of pharmaceutical company EntreMed Inc.'s (NASDAQ:ENMD) stock. The company is currently trading up 20.86% at $1.68. The surge in the stock comes on the heels of the company announcing favorable results in its pre-clinical study results for ENMD-2076, widely seen as the firm's next treatment for breast cancer. EntreMed Inc. (ENMD) is a clinical stage pharmaceutical company that specializes in treatments for cancer. The company is based out of Rockville, MD.
Social media heavyweight Facebook (NASDAQ:FB) is having a strong trading day on Wall Street. The company is currently trading up 7.76% at $25.94. The uptick in the stock is coming after the firm's stock rating improved to a 'buy'. Facebook (FB) recently unveiled a Gifts function to select users that allows people to send real-life gifts to friends and family. Many believe that this added service will help drive growth to the firm that has had a very difficult trading period since the unveiling of its IPO. Facebook (FB) is one of the largest social media firms on the planet and specialize in creating products that help people connect with each other through shared information in the form of photos, videos, and messages.
Long-time clothing retailer Aeropostale (NYSE:ARO) has a down trading day. The firm is currently trading down 6.37% at $13.54. The downturn in the stock comes after an analyst at Janney Capital cut the rating of the firm citing worries that the teen market is drifting to other clothing brands in the industry. This reduced rating sent many investors questioning long-term viability of the New York-based firm. Aeropostale (ARO) has been a big player in the retail clothing industry for many years taking a decent market share in teenage clothing.
Generac Holdings Inc. (NYSE:GNRC) after having a tremendous quarter as a result of urgency inspired by hurricanes and natural disasters is dipping today in trading. The Wisconsin-based company is currently trading down 8.95% on the day. This comes less than a week after the company announced the acquisition of Ottomotores, a Latin American manufacturer of generators.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.