Contributor Since 2012
In retail news Coffee Maker Caribou(CBOU) is having a robust trading day on Wall Street. The company is currently up 30.36% at $16.06. The uptick comes on the heels of the company agreeing to a $340 million acquisition by a German buyer. The news of the acquisition sent the stock trading sharply up as many investors view the move as a sign of strength from the Number 2 coffee chain in the country. Caribou(CBOU) is coming off a third quarter that saw a net profit margin of 2.38%. Caribou Coffee Maker (CBOU) specializes in providing coffee through stores around the United States. Based out of Brooklyn Center, Minnesota, the company boasts 581 stores around the country.
In biopharmaceutical news, Vivus (VVUS) is having a strong trading day in the market. The firm is trading up 16.03% at $13.32. This increase comes as the company's main drug Qsymia, which will be used to fight fat and weight gain, has been approved by the Food and Drug Administration. The news of the drug's approval sent shares of the stock soaring as many view this as a significant step in the coming months for the firm. Vivus (VVUS) is a biopharmaceutical company that specializes in developing and distributing drugs for underserved areas.
In technology news, Compuware Corporation (OTCPK:CPWR) is enjoying a strong trading day at the market. The company is currently trading up 13.12% at $10.78. This uptick comes as the firm announced that Elliott Management will be acquiring Compuware (OTCPK:CPWR) for $2.3 billion. The news of the acquisition sent the stock soaring upwards as many believe that this acquisition is a sign of good things to come for the firm. Compuware Corporation (OTCPK:CPWR) provides software solutions, professional services and application services for clients around the world. The company is based out of Detroit, Michigan.
Clearwire Corporation (CLWR) is a provider of fourth generation wireless broadband services. The company's stock is currently trading down 13.20% at $2.93. This news comes on the heels of Sprint announcing that it would acquire a 49% stake in the company. News of the acquisition sent the stock trending downward as many investors are skeptical of the company's long term viability as a result of the move. Clearwire Corporation (CLWR) is coming off of a third quarter that saw a net profit margin decrease of 102%.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.