The surprise deletion of Apollo Investment Corp. (NASDAQ:AINV) from the S&P MidCap 400 Index after the close Monday, however, led to a renegotiation of terms on the block purchase of 12m shares in the business development company. Apollo Investment Corp. (NASDAQ:AINV) stock opened at $8.66 in last session, and closed at $8.58, while the day range of Apollo Investment Corp. (NASDAQ:AINV) stock is $8.47 – $8.70. The stock showed a positive weekly performance of -5.09%.
Chinese Internet Company SINA Corp (NASDAQ:SINA) plans to spin off its Twitter-like microblog service, Weibo, in a U.S. initial public offering to raise $500 million, a person with knowledge of the deal said Tuesday. SINA Corp (NASDAQ:SINA) stock opened at $72.50 in last session, and closed at $68.98 by losing -9.33%. The 52 week range of $45.54 – $92.83. Company’s market capitalization is $4.62B.
Chipmaker RF Micro Devices Inc. (NASDAQ:RFMD) will buy peer TriQuint Semiconductor Inc. for about $1.6 billion to capture a larger share of the market for chips supplied to Apple Inc. and Samsung Electronics Co Ltd. RF Micro Devices, Inc. (NASDAQ:RFMD) stock decreased -5.26% and finished the last session at $6.66. The EPS of the stock remained -0.01. Company’s market capitalization is $1.88B.
Rosetta Resources Inc. (NASDAQ:ROSE) sinks after reporting mixed Q4 results with minimal new data and no new meaningful well results; earnings beat analyst estimates and revenue fell short. Rosetta Resources Inc. (NASDAQ:ROSE) stock opened the session at $43.47, and closed the session at $43.47. The 52 week range of the Rosetta Resources Inc. (NASDAQ:ROSE) stock remained $39.33 – $65.30 and the day range was $42.13 – $44.84.