Myriad Genetics, Inc. (NASDAQ:MYGN) announced Tuesday that it will acquire venture capital-backed Crescendo Bioscience Inc., a South San Francisco-based manufacturer of tests for inflammatory and autoimmune diseases such as rheumatoid arthritis, for $270 million in cash. Myriad Genetics, Inc. (NASDAQ:MYGN) stock opened at $30.67 in last trading session, and closed at $31.29, trading in the range of $29.10 – $32.60. The stock showed a positive weekly performance of 13.37%.
RadioShack Corporation (NYSE:RSH) to close 500 stores. The Wall Street Journal, citing unnamed sources, published the report on Tuesday, saying the stores would be closed in the next few months. Company officials did not respond to the report. The news sent RadioShack’s stock down, as it fell 4.8 percent to $2.36. RadioShack Corporation (NYSE:RSH) shares closed at $2.22 on last trade day, by losing -5.93%. Stock 52 week range is $2.02 – $4.36. Company’s market capitalization is $222.36 million.
Corinthian Colleges (NASDAQ:COCO) released its earnings data on Tuesday. The company reported $0.05 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.03, AnalystRatings.NET reports. The company had revenue of $369.90 million for the quarter, compared to the consensus estimate of $373.41 million. Corinthian Colleges Inc (NASDAQ:COCO) stock decreased -7.80% and finished the last session at $1.30. The EPS of the stock remained 0.01. Company’s market capitalization is $113.16 billion.
Lower food and labor costs drove a 24.9-percent gain in net income in the fourth quarter of 2013 for Buffalo Wild Wings (NASDAQ:BWLD), and the company plans to capitalize on that benefit in 2014 by devoting more capital to several growth initiatives. “We are planning on investing some of that [food cost benefit],” chief financial officer Mary Twinem said during the company’s fourth-quarter earnings call. “When we look at where wing prices are in January and February … we are investing that in the labor line or some of it with the … ‘guest experience’ model rollout. [We are] also investing some of it in minimum-wage increases across the country, which we will work to … minimize the impact that has as we go through the year.” Buffalo Wild Wings (NASDAQ:BWLD) stock opened at $143.50 in last trading session and closed at $127.12. The 52 week range of the stock is $74.47 – $152.53 and the day range was $123.05 – $143.84.