European ADRs Move Higher in Tuesday Trading

European ADRs Move Higher in Tuesday Trading

American depository receipts of European stocks rose 0.28% to 119.81 on the Bank of New York Mellon Europe ADR Index on Tuesday. In continental Europe, the gainers were led by radiopharmaceutical company Advanced Accelerator Applications (AAAP), and medical equipment maker Edap (EDAP), which rose 3.9% and 2.4% respectively. They were followed by computer hardware and peripheral maker Logitech (LOGI), up 1.7%, and Swedish telecommunications operator Ericsson (ERIC), up 1.4%. The […]

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Consumer Stocks Mainly Higher in Early Trade

Consumer Stocks Mainly Higher in Early Trade

Consumer shares were mainly higher in early trade on Friday. In consumer stocks news, Foot Locker’s (FL) Champs Sports said Friday it is launching the latest installment of its “The Moment” franchise. “The Moment” is a franchise that features athletes and musicians. Shares in the company were 0.1% lower at $76.19 in early trade. The stock has traded between $50.90 and $79.43 over the past 52 weeks.

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Eiger BioPharmaceuticals Reports ‘Encouraging’ Data

Eiger BioPharmaceuticals Reports ‘Encouraging’ Data

Eiger BioPharmaceuticals Monday reported what it called “encouraging” data on a phase 2 trial of exendin 9-39 in post-bariatric surgical patients who experience dangerously low, postprandial blood glucose levels and also said it has received orphan drug administration for the drug. The orphan drug designation is for the treatment of hyperinsulinemic hypoglycemia, a spectrum of congenital and acquired metabolic disorders characterized by inappropriately high insulin levels and low blood glucose […]

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Financial Stocks Mainly Higher in Early Trade

Financial Stocks Mainly Higher in Early Trade

Financial shares were mainly higher in early trade on Wednesday. In financial stocks news, Fidelity National Financial’s (FNFV) said Wednesday its board has approved a tax-free plan to distribute all 83.3 million shares of Black Knight Financial Services (BKFS) that it currently owns to FNF Group (FNF) shareholders. Fidelity National Financial’s shares were 0.7% higher at $13.55 in early trade. The stock has traded between $8.38 and $13.75 over the […]

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Travel BV Files Initial Public Offering For Trivago at $13 to $15 a Share

Travel BV Files Initial Public Offering For Trivago at $13 to $15 a Share

Trivago parent company Travel BV filed its initial public offering paperwork with the US Securities and Exchange Commission on Monday, offering Class A stock for $13 to $15 share. The Dutch company said it will offer 18.1 million American Depositary Shares and certain shareholders are offering 10.4 million shares. The stock will be listed on the NASDAQ Global Select Market under the ticker TRVG, Trivago said. After the offering is […]

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Reliance Steel & Aluminum Shares Up 2%

Reliance Steel & Aluminum Shares Up 2%

Reliance Steel & Aluminum shares were up Friday after its issuer default rating was affirmed at ‘BBB’ by Fitch Ratings, which cited the company’s flexible, scalable operating model, its stable and leading operating margins, strong working capital management and cost control. The outlook on the assessment is stable. The ratings affect roughly $1.4 billion in debt and $1.5 billion in other commitments, Fitch said. Despite exposure to construction and manufacturing […]

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