Kohl’s Corporation On June Sales (RMTR, HDSN, KSS, OSUR, BKE)
Ramtron International (NASDAQ:RMTR) stock fell 0.33% to $3 in the morning hour after the company announced that its Board of Directors has carefully reviewed the unsolicited tender offer from Cypress Semiconductor Corporation to acquire all outstanding stock of Ramtron at a price of $2.68 per share in cash. However, in consultation with its financial and legal advisors, the board unanimously concluded that the tender offer is inadequate, does not reflect the intrinsic value of the Company, and is not in the best interest of Ramtron and its stockholders. Therefore, the Board recommends its stockholders to reject the offer and not tender their shares into the offer.
Hudson Technologies, Inc. (NASDAQ:HDSN) shares increased 1.13% to $4.12 in the early hour. On July 3, 2012, Dow Jones reported that Hudson Technologies has disclosed plans to sell up to 1.17 million shares as the company seeks to raise general funds. The shares being offered are issuable on the exercise of warrants at a price of $2.60.
Kohl’s Corporation (NYSE:KSS) stock gained 4.59% to $46.29 in the early hour after the company reported that for June 2012 total sales decreased 2.6% and comparable store sales decreased 4.2% from the same period last year. As a result of its quarter-to-date performance, the Company now expects second quarter diluted earnings per share at the low end of its previous guidance of $0.96 to $1.02.
OraSure Technologies, Inc. (NASDAQ:OSUR) shares climbed 7.58% to $12.96. The company, on July 3, 2012, announced that the U.S. Food and Drug Administration (FDA) has approved the company’s OraQuick(R) In-Home HIV Test for sale directly to consumers in the over-the-counter (OTC) market, making it the first and only rapid OTC HIV test approved in the U.S. It is the first rapid diagnostic test for any infectious disease that has been approved by the FDA for sale over the counter.
The Buckle, Inc. (NYSE:BKE) stock fell 5.27% to $37.58 after the company announced that comparable store net sales, for stores open at least one year, for the month of June 2012 decreased 2.5% from comparable store net sales for the same period in July. Net sales for June 2012 decreased 0.3% to $79.4 million from net sales of $79.6 million for the prior year period.