The Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) on Feb. 25 reported financial results for the fourth quarter and full year ended December 31, 2013 and provided an update on corporate developments. Net loss for the fourth quarter ended December 31, 2013 was $74.2 million, or $0.40 per share, compared to a net loss of $60.5 million, or $0.36 per share, for the same period in 2012. Net loss for the full year 2013 was $274.2 million, or $1.49 per share, compared to a net loss of $220.9 million, or $1.34 per share, for the full year 2012. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) shares after opening at $7.48 moved to $8.31 on last trade day and at the end of the day closed at $8.17. Company price to sales ratio in past twelve months was calculated as 33.27 and price to cash ratio as 5.15. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) showed a positive weekly performance of 0.49%.
The Rosen Law Firm on Mar. 13 announced that it is investigating potential securities fraud claims against CytRx Corporation (CYTR) resulting from allegations that CytRx may have paid outsiders to inflate its stock price by publishing misleading articles while CytRx sold $86 million in new equity to investors. CytRx Corporation (NASDAQ:CYTR) shares fell 0.48% in last trading session and ended the day on $4.15. CYTR return on equity ratio is recorded as -287.90% and its return on assets is -146.40%. CytRx Corporation (NASDAQ:CYTR) yearly performance is 71.49%.
NewLead Holdings Ltd (NASDAQ:NEWL) has confirmed issuance of $25 million in perpetual Series A preferred shares to an institutional investor under a share subscription agreement. NewLead Holdings will be able to redeem the preferred shares with the purchaser also having an option of converting them into common shares whenever deemed necessary. NewLead Holdings Ltd (NASDAQ:NEWL) shares moved up 17.41% in last trading session and was closed at $3.44, while trading in range of $3.17-$4.25. NewLead Holdings Ltd (NASDAQ:NEWL) year to date performance is -80.56%.
FuelCell Energy Inc(NASDAQ:FCEL) is poised to obtain “sizeable” contracts and could reach profitability, research firm Stifel wrote in a note to investors. FuelCell Energy develops fuel cell power plants. WHAT’S NEW: FuelCell’s statements about large contracts during its first quarter earnings conference were “encouraging,” wrote Stifel analyst Jeffrey Osborne. Specifically, the company said that it was “waiting on final customer and regulatory approval,” adding that “inquiries and activity levels globally remain high,” noted Osborne. FuelCell Energy Inc (NASDAQ:FCEL) weekly performance is -14.45%. On last trading day company shares ended up $3.02. FuelCell Energy Inc (NASDAQ:FCEL) distance from 50-day simple moving average is 62.59%. Analysts mean target price for the company is $1.94.
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