On May 12, Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) provided a corporate update and reported financial results for the first quarter ended March 31, 2014. The company’s first quarter revenues totaled $6.8 million, including $2.9 million in net product sales of BELVIQ, of which $2.7 million represented 31.5% of Eisai’s net product sales and $0.2 million related to redemptions of the 15-day free voucher. Net loss was $25.3 million, or $0.12 per share. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) net profit margin is -24.00% and weekly performance is -6.72%. On last trading day company shares ended up $6.39. Analysts mean target price for the company is $8.06. Arena Pharmaceuticals, Inc. (NASDAQ:ARNA) distance from 50-day simple moving average (SMA50) is -1.69%.
Danaher Corporation (NYSE:DHR) announced that President and Chief Executive Officer, H. Lawrence Culp, Jr. will be presenting at the Electrical Products Group Conference in Longboat Key, Florida on Monday, May 19 at 10:00 a.m. ET. The audio will be simultaneously webcast and the presentation will be archived on www.danaher.com.Danaher Corporation (NYSE:DHR) shares fell -0.56% in last trading session and ended the day on $75.21. DHR Gross Margin is 52.20% and its return on assets is 7.60 %. Danaher Corporation (NYSE:DHR) quarterly performance is -0.32%.
The Gap Inc (NYSE:GPS) Director Jorge P. Montoya sold 13,750 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $41.32, for a total transaction of $568,150.00. Following the completion of the sale, the director now directly owns 15,844 shares in the company, valued at approximately $654,674. The Gap Inc. (NYSE:GPS) shares moved down -0.02% in last trading session and was closed at $41.24, while trading in range of $41.22 – $41.60. The Gap Inc. (NYSE:GPS) year to date (YTD) performance is 6.62%.
A new research study released Wednesday shows that Netflix Inc. (NASDAQ:NFLX) is becoming responsible for even more of the total traffic streamed over the Internet — something that should come as no surprise to anyone who has ever used Netflix. The report, from Waterloo, Ontario-based Sandvine Corp., said Netflix NFLX -0.04% was responsible for 34% of Internet traffic downloaded during the peak evening hours in North America so far this year. That figure is up from 32% in the second half of 2013. Netflix, Inc. (NASDAQ:NFLX) ended the last trading day at $351.88. Company weekly volatility is calculated as 4.08% and price to cash ratio as 12.64. Netflix, Inc. (NASDAQ:NFLX) showed a positive weekly performance of 9.78%.
Luxury giant LVMH Moet Hennessy Louis Vuitton SA (ADR) (OTCMKTS: LVMUY) is spending more than $100 million for a larger than 90% stake in Chinese restaurant chain Crystal Jade, according to Christina Teo, managing director at LVMH’s private equity arm. LVMH Moet Hennessy Louis Vuitton SA (ADR) (OTCMKTS: LVMUY) on last trading day company shares ended up $38.97.
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