Atossa Genetics Inc. (NASDAQ:ATOS) announced that its Board of Directors has approved the adoption of a stockholder rights agreement. The stockholder rights agreement is designed to deter coercive, unfair, or inadequate takeovers and other abusive tactics that might be used in an attempt to gain control of Atossa without paying all stockholders a fair price for their shares. The stockholder rights agreement will not prevent takeovers at a full and fair price, but is designed to deter coercive takeover tactics and to encourage anyone attempting to acquire Atossa to first negotiate with the Board of Directors. Atossa Genetics Inc (NASDAQ:ATOS) weekly performance is 59.17%. On last trading day company shares ended up $1.91. Analysts mean target price for the company is $8.75. Atossa Genetics Inc (NASDAQ:ATOS) distance from 50-day simple moving average (SMA50) is 29.47%.
Royale Energy, Inc. (Nasdaq:ROYL) rising as it and Rampart Energy, Ltd., updated on a drillable target on Alaskan 3D Seismic. Seismic data has been loaded by Royale in San Diego for interpretation and analysis. Preliminary interpretation by the Companies has identified a large conventional target, covering an area of up to 20,000 acres. Supporting the delineation of this target is the presence on the 3D seismic of high amplitudes and flat spots, which the companies interpret to be Direct Hydrocarbon Indicators (DHI’s). These anomalies are located within a critical interval of prospectivity, where elsewhere on the North Slope the same characteristics have had excellent exploration results. The prospect conforms to thermal maturity windows and is expected to be oil prone. Royale Energy, Inc. (NASDAQ:ROYL) shares advanced 19.93% in last trading session and ended the day on $3.37. Gross Margin is 61.50% and its return on assets is 13.40%. Royale Energy, Inc. (NASDAQ:ROYL) quarterly performance is 17.83 %.
Sanchez Energy Corp (NYSE:SN) announced a definitive agreement with an effective date of January 1, 2014 to purchase operated assets to be named Catarina in the Eagle Ford trend of South Texas from wholly-owned subsidiaries of Royal Dutch Shell plc for approximately $639 million in cash, subject to usual and customary closing adjustments. The assets, consisting of 60 MMBOE of proved reserves and 24,000 BOE/D of average first quarter 2014 production (60% liquids), are located on approximately 106,000 net acres in Dimmit, LaSalle, and Webb Counties, Texas. Sanchez Energy Corp (NYSE:SN) shares moved up 8.84% in last trading session and was closed at $31.41, while trading in range of $31.17 – $34.50. Sanchez Energy Corp (NYSE:SN) year to date (YTD) performance is 28.15%.
Cell Therapeutics Inc (NASDAQ:CTIC)’s stock was initiated with a Buy at Ladenburg on May 22 and price target set at $6. Cell Therapeutics Inc (NASDAQ:CTIC) ended the last trading day at $2.87. Company weekly volatility is calculated as 6.50% and price to cash ratio as 8.50. Cell Therapeutics Inc (NASDAQ:CTIC) showed a positive weekly performance of 7.09%.
PHH Corporation (NYSE:PHH) was a big mover last session, as its shares rose over 12% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company, as the stock is now down over 4% in the past one-month timeframe.PHH Corporation (NYSE:PHH) net profit margin is 1.60% and weekly performance is 14.66%. On last trading day company shares ended up $25.19. Analysts mean target price for the company is $25.71. PHH Corporation (NYSE:PHH) distance from 50-day simple moving average (SMA50) is 4.46%.