McDermott International (NYSE:MDR) announced today that one of its subsidiaries has been awarded a contract by Brunei Shell Petroleum Company Sdn. Bhd. (BSP) to transport and install offshore structures for Champion Waterflood B2/3. McDermott International (NYSE:MDR) stock opened at $7.39 in last trading session, and closed at $7.84, trading in the range of $7.36 – $7.89. The stock showed a negative weekly performance of -7.76%.
In company news, shares of Sangamo Biosciences, Inc. (NASDAQ:SGMO) rallied to a 13-year high Thursday after the company late Wednesday reported positive clinical trial results for an experimental treatment for HIV. SGMO has been working on gene-editing technology that can be used to insert a corrective gene into patients, replacing a defective one. According to a study published Wednesday in the New England Journal of Medicine, the company was able to take T-cells from HIV patients and modify them by knocking out a gene called CCR5, providing the patient with a natural resistance to HIV infection after the cells were reinserted. Sangamo Biosciences, Inc. (NASDAQ:SGMO) shares closed at $22.96 on last trade day, by gaining 17.08%. Stock 52 week range is $6.86 – $24.12. Company’s market capitalization is $1.44 billion.
NovaGold Resources (NYSE:NG) was downgraded by Zacks to a “neutral” rating in a report issued on Thursday, American Banking & Market News reports. They currently have a $3.40 target price on the stock. Zacks‘ target price points to a potential upside of 1.19% from the stock’s previous close. NovaGold Resources Inc. (USA) (NYSEMKT:NG) stock advanced 6.42% and finished the last session at $4.31. The EPS of the stock remained -0.22. Company’s market capitalization is $1.37 billion.
Yingli Green Energy Hold. Co. (NYSE:YGE) saw unusually large options trading activity on Thursday. Stock investors acquired 23,404 call options on the stock, American Banking & Market News reports. This represents an increase of approximately 592% compared to the typical daily volume of 3,382 call options. Yingli Green Energy Hold. Co. Ltd. (ADR) (NYSE:YGE) stock opened at $6.08 in last trading session and closed at $6.78. The 52 week range of the stock is $1.62 – $8.77 and the day range was $6.00 – $7.14.