On May 15, Shares of Oi SA (ADR) (NYSE:OIBR) are down -9.72% to $0.799 on heavy trading volume after the Brazil telecommunications company reported that its first quarter 2014 profit declined. Net profit was 228 million Brazilian reais, or $103 million, compared with BRL262 million a year ago. Revenue fell to BRL6.87 billion in the quarter from BRL7.04 billion in last year’s first quarter. Oi SA (ADR) (NYSE:OIBR) weekly performance is 11.49%. On last trading day company shares ended up $0.992. Analysts mean target price for the company is $1.63. Oi SA (ADR) (NYSE:OIBR) distance from 50-day simple moving average (SMA50) is -6.12%.
On June 2, ARIAD Pharmaceuticals, Inc. (NASDAQ:ARIA) announced longer-term follow up from its Phase 1 and pivotal Phase 2 trials of Iclusig® (ponatinib), its approved BCR-ABL inhibitor, in heavily pretreated patients with resistant or intolerant chronic myeloid leukemia (CML) or Philadelphia chromosome-positive acute lymphoblastic leukemia (Ph+ ALL). The studies now show that with a median follow-up of 42.5 months for chronic-phase CML (CP-CML) patients in the Phase 1 trial, Iclusig continues to demonstrate anti-leukemic activity in those who had limited treatment options, and that deep and durable responses have been maintained in CP-CML patients in the PACE trial with 87 percent estimated to remain in major cytogenetic response (MCyR) at two years. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) shares advanced 3.02 % in last trading session and ended the day on $6.82. Gross Margin is 79.20% and its return on assets is -66.50 %. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) quarterly performance is -11.31%.
Plug Power Inc. (NASDAQ:PLUG) on May 14 reported its 2014 first quarter results. Total revenue for the first quarter of 2014 was $5.6 million, comprised of $3.2 million for product revenue, $2.1 million for service revenue and $0.3 million for research and development (R&D) contract revenue. This compares to total revenue of $6.4 million in the first quarter of 2013, which was comprised of $4.7 million for product revenue, $1.3 million for service revenue and $0.4 million for R&D contract revenue. Net loss for the first quarter of 2014 was $75.9 million, or $0.57 per share on a basic and diluted basis. Plug Power Inc (NASDAQ:PLUG) shares moved down -2.78% in last trading session and was closed at $4.19, while trading in range of $4.14 – $4.32. Plug Power Inc (NASDAQ:PLUG) year to date (YTD) performance is 170.32%.
Quiksilver Inc (NYSE:ZQK) had its price target reduced by Roth Capital to $4.00 in a research note issued to investors on Monday. Quiksilver, Inc. (NYSE:ZQK) ended the last trading day at $4.07. Company weekly volatility is calculated as 8.32% and price to cash ratio as 9.91. Quiksilver, Inc. (NYSE:ZQK) showed a positive weekly performance of 19.35%.
On June 9, 2014, Basic Energy Services, Inc. (NYSE:BAS) announced the commencement of a secondary public offering of 6,000,000 shares of common stock on behalf of DLJ Merchant Banking Partners III, L.P. and related funds (the “Selling Stockholders”). Goldman, Sachs & Co. will act as underwriter for the offering. Goldman, Sachs & Co. is expected to be granted a 30-day option to purchase up to 900,000 additional shares from the Selling Stockholders.Basic Energy Services, Inc (NYSE:BAS) net profit margin is -3.90% and weekly performance is -0.23%. On last trading day company shares ended up $26.05. Analysts mean target price for the company is $30.00. Basic Energy Services, Inc (NYSE:BAS) distance from 50-day simple moving average (SMA50) is -1.98%.