StemCells Inc (NASDAQ:STEM), announced that based on positive interim results, it has closed enrollment in its Phase I/II clinical trial for dry age-related macular degeneration (AMD) in order to focus its efforts on a follow-on Phase II randomized, controlled proof-of-concept study, later this year. Interim results for the current AMD trial show a 70 percent reduction in the rate of geographic atrophy (GA) as compared to the control eye and a 65 percent reduction in the rate of GA as compared to the expected natural history of the disease following a single dose of the Company’s proprietary HuCNS-SC® human neural stem cells. In addition to these initial efficacy findings, the Phase I/II trial has also demonstrated a favorable safety profile for HuCNS-SC® as a treatment for dry AMD. Final results from this landmark study are expected to be released mid-2015. StemCells Inc (NASDAQ:STEM), weekly performance is 35.71%. On last trading day company shares ended up $2.09. Analysts mean target price for the company is $3.19. StemCells Inc (NASDAQ:STEM), distance from 50-day simple moving average (SMA50) 56.53%.
American Apparel Inc (NYSEMKT:APP)’s largest outside investor said he expects Chief Executive Officer Dov Charney to fight the company over his firing, which may be the prelude to a sale of the clothing maker. American Apparel Inc (NYSEMKT:APP), advanced 6.72% in last trading session and ended the day on $0.683. APP, Gross Margin is 50.60% and its return on assets is -19.60%. American Apparel Inc (NYSEMKT:APP), quarterly performance is -9.33%.
North American Palladium Ltd (USA) (NYSEMKT:PAL), announced that Institutional Shareholder Services Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”), two leading independent proxy advisory firms, have recommended to their respective institutional clients that they vote in favour of all the resolutions to be considered at NAP’s annual and special meeting of shareholders to be held on June 23, 2014 in Toronto. North American Palladium Ltd (USA) (NYSEMKT:PAL), shares moved up 5.97% in last trading session and was closed at $0.360, while trading in range of $0.34 – 0.39. North American Palladium Ltd (USA) (NYSEMKT:PAL), year to date (YTD) performance is -44.62%.
NII Holdings Inc (NASDAQ:NIHD)’s shares dropped 9.83% to $0.61. NII Holdings shares were downgraded to Sell from Hold at Gabelli on May 14. NII Holdings Inc (NASDAQ:NIHD), ended the last trading day at $0.700. Company weekly volatility is calculated as 12.93% and price to cash ratio as 0.08. NII Holdings Inc (NASDAQ:NIHD), showed a positive weekly performance of 2.93%.
On May 30, 2014, RadioShack Corporation (NYSE:RSH), will not have to deal with the lower IDR ratings. Fitch has downgraded RadioShack’s IDR ratings to ‘CC.’ previously, it had the rating of ‘CCC.’ The downgrade signals that the company has failed to improve its debt conditions in last one year. If it continues, the ratings can further be changed to ‘C.’ RadioShack Corporation (NYSE:RSH), net profit margin is -12.40% and weekly performance is -10.43%. On last trading day company shares ended up $1.03. Analysts mean target price for the company is $1.19. RadioShack Corporation (NYSE:RSH), distance from 50-day simple moving average (SMA50) is -28.05%.