On May 11, Heartland Express, Inc. (HTLD) announced that the company’s Board of Directors approved a new share repurchase program. Under this program, the company can repurchase up to 5 million shares of outstanding common stock. This program is an addition to the 2.3 million shares previously authorized for repurchase by the Board of Directors. […]
Lannett Company, Inc. (LCI) announced on May 21 that they have received FDA approval for Dronabinol Capsules. The drug is the therapeutic equivalent to Marinol Capsules, and only a handful of suppliers manufacture generic versions of the drug for the US market. Dronabinol Capsules can be used to treat patients with loss of appetite due […]
On May 18, RXi Pharmaceuticals Corporation (RXII) reported positive results from its phase 2 clinical trial of the drug Samcyprone for the treatment of common warts. After weekly application for 10 weeks, participants had a 97.7% positive immunotherapy response rate. 70% of participants experienced a reduction of at least 50% wart size. There is currently […]
Diana Shipping Inc. (DSI) announced on May 10 that the company has signed a time charter contract with Koch Shipping Pte. Ltd. Diana will charter the M/V San Francisco, a Newcastlemax dry bulk vessel that was built in 2018. This employment will take place over 10-12 months and is expected to generate approximately $6.96 million […]
PennantPark Investment Corporation (PNNT) announced on May 9 that its Board of Directors approved a new share repurchase program. The program will allow the company to repurchase up to $30 million worth of outstanding common shares. The Board of Directors expects that this repurchase program will be in place until May 8, 2019. Sonal […]
On May 3, Atlas Air Worldwide Holdings, Inc. (AAWW) announced that the company’s first-quarter volume and revenue increased by 20%. Encouraged by the strong first-quarter financial results, the company increased its annual earnings guidance. Atlas Air Worldwide now expects earnings growth to top 30% during the 2018 fiscal year. Sonal alerted its subscribers about […]
Key Tronic Corporation (KTCC) announced on May 1 that the company has been awarded a contract with SkyBell Technologies. SkyBell is a global leader in patented Wi-Fi doorbell technologies, and Key Tronic will manufacture the growing line of SkyBell products. Key Tronic has manufacturing facilities in the US, Mexico, and China. Sonal caught the […]
On April 30, Karyopharm Therapeutics, Inc. (KPTI) announced positive results from its phase 2b STORM study examining the effect of Selinexor in patients with penta-refractory multiple myeloma. The clinical trial showed that patients had a 25.4% overall response rate to the treatment. Based on the results, Karyopharm plans to submit a New Drug Application to […]
Cubic Corporation (CUB) announced on May that the Cubic Global Defense (CBD) division has been awarded a $6 million government contract in cooperation with Federal Resources. Cubic will supply the Air National Guard with its 95 PRISim Suite Portable Trainer systems that include recoil and less-lethal training weapons and devices. The systems will be installed […]
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Herbalife Nutrition Ltd. (HLF) reported strong first-quarter earnings on May 3. Net sales were 7% higher than the same period last year and above the guidance range, which had previously been estimated at -1.0% to 3.0%. As a result of the higher than expected earnings, Herbalife increased its annual EPS outlook to between $3.95 and […]
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