Medical Action Industries surged 93.5% on its heaviest one-day volume ever after Owens & Minor Industries (NASDAQ:MDCI) agreed to buy the supplier of disposable medical products for about US$208mil. Medical Action Industries (NASDAQ:MDCI) net profit margin is 2.60% and weekly performance is 92.68%. On last trading day company shares ended up $13.68. Analysts mean target price for the company is $7.00. Medical Action Industries (NASDAQ:MDCI) distance from 50-day simple moving average (SMA50) is 101.84%.
Sequential Brands Group Inc. (NASDAQ:SQBG) shares rose to their best levels in over seven years after the clothing and fashion accessories company offered to acquire the owner of Linens ‘N Things for around $260.3 million in cash and stock. Sequential Brands Group Inc. (NASDAQ:SQBG) shares advanced 17.32% in last trading session and ended the day on $13.68. SQBG return on assets is -12.10%.Sequential Brands Group Inc. (NASDAQ:SQBG) quarterly performance is 72.51%.
Moody’s Investors Service said that Hanesbrands Inc. (NYSE: HBI) announcement that it has entered into an agreement to acquire to acquire DB Apparel (“DBA”) is viewed as a positive transaction for the company, as this will significantly strengthen Hanesbrands global franchise with only a moderate impact on financial metrics. Hanesbrands Inc. (NYSE:HBI) shares moved up 9.24% in last trading session and was closed at $96.72, while trading in range of $94.85 – $98.70. Hanesbrands Inc. (NYSE:HBI) year to date (YTD) performance is 38.73%.
Shares of Aerie Pharmaceuticals (NASDAQ:AERI) , a clinical-stage biopharmaceutical company focused on developing therapies to treat glaucoma and other diseases of the eye, galloped higher by much as 41% after reporting the results from its phase 2b trial utilizing once-daily roclatan as a treatment for glaucoma. Aerie Pharmaceuticals Inc. (NASDAQ:AERI) ended the last trading day at $26.98. Company weekly volatility is calculated as 7.44% and price to cash ratio as 9.71.Aerie Pharmaceuticals Inc. (NASDAQ:AERI) showed a positive weekly performance of 42.98%.
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