Dendreon Corporation (NASDAQ:DNDN)’s Chief Executive Officer John H. Johnson plans to resign this summer for personal reasons, as sales of the company’s prostate-cancer drug Provenge stagnate. Dendreon Corporation (NASDAQ:DNDN) stock opened today at $2.05 and is currently trading at $2.04. The stock showed a positive weekly performance of 6.44%.
On June 4, Zix Corporation (NASDAQ:ZIXI), has announced the commercial availability of ZixGateway® Hosted for small- to medium-size businesses (SMBs). ZixGateway is a policy-based email encryption service that automatically scans and encrypts outbound email that contains sensitive content. In a fully hosted environment, ZixCorp will manage the deployment and configuration of ZixGateway, along with all upgrades and maintenance, enabling IT professionals in SMBs to leverage industry-leading email encryption without dedicating resources to manage the solution. Zix Corporation (NASDAQ:ZIXI) stock opened at $3.57, in current trading session and currently is at $3.53, by losing -2.75%. The 52 week range of $3.10 – $5.03. Company’s market capitalization is $205.18 billion.
On May 7, 2014, Tesco Corporation (USA) (NASDAQ:TESO) announced the signing of a definitive agreement between its subsidiary, Tesco Corporation (US), and Tech Field Services Inc. (“TFS”). Under the terms of the definitive agreement, Tesco Corporation (US) has acquired the assets of TFS and will incorporate the TFS business into its United States After-Market Sales and Service (“AMSS”) operations. The combination of the TESCO AMSS United States operations with TFS enhances TESCO’s ability to service and recertify TESCO and Non-Tesco top drive units and other automated pipe handling equipment. Tesco Corporation (USA) (NASDAQ:TESO) stock is open at $21.59 and currently trading at $21.60. The EPS of the stock is 0.76. Company’s market capitalization is $865.48 million.
Shares of The Wendy’s Co (NASDAQ:WEN) are down following a ratings downgrade to “hold” from “buy” at Argus Research. The firm said it lowered its rating on the fast food chain based on the company’s uncertain outlook, and cost concerns regarding Wendy’s remodeling plans. The Wendy’s Co (NASDAQ:WEN) stock opened the session at $8.28, and now is at $8.26. The 52 week range of the WEN stock remained $5.57 – $10.27 and the day range was $8.21 – $8.32.
On May 19, 2014, Bloomin’ Brands Inc (NASDAQ:BLMN) announced that its wholly-owned subsidiary, OSI Restaurant Partners, LLC, has completed the previously announced refinancing of its senior secured credit facilities (the “Credit Facilities”). The new Credit Facilities provide for senior secured financing of up to $1.125 billion, and consist of a $300.0 million Term Loan A, a $225.0 million Term Loan B and a $600.0 million revolving credit facility. Bloomin’ Brands Inc (NASDAQ:BLMN) stock is open at $22.45 and currently trading at $22.28. The EPS of the stock is 1.56. Company’s market capitalization is $2.80 billion.