Ophthotech Corporation (NASDAQ:OPHT) announced that the Company has entered into an ex-US licensing and commercialization agreement with Novartis Pharmaceuticals focused on the treatment of wet age-related macular degeneration (AMD). Under the agreement, Ophthotech grants Novartis exclusive rights to commercialize Ophthotech’s lead product candidate, Fovista®, in markets outside the United States while Ophthotech retains sole rights to commercialize Fovista® in the United States. Ophthotech Corp (NASDAQ:OPHT) weekly performance is 17.80%. On last trading day company shares ended up $37.00. Ophthotech Corp (NASDAQ:OPHT) distance from 50-day simple moving average (SMA50) is 10.53%
On May 20, Dycom Industries, Inc. (NYSE:DY) announced its results for the third quarter ended April 26, 2014. Net income of $7.9 million, or $0.23 per common share diluted, for the quarter ended April 26, 2014, compared to $7.2 million, or $0.21 per common share diluted, for the quarter ended April 27, 2013. Contract revenues of $426.3 million for the quarter ended April 26, 2014, compared to $437.4 million for the quarter ended April 27, 2013. Dycom Industries, Inc. (NYSE:DY) shares fell -7.26% in last trading session and ended the day on $29.36. Gross Margin is 18.70% and its return on assets is 3.30 %. Dycom Industries, Inc. (NYSE:DY) quarterly performance is 13.62%.
The Wet Seal (NASDAQ:WTSL) was the target of a large growth in short interest during the month of April. As of April 30th, there was short interest totalling 14,095,890 shares, a growth of 26.5% from the April 15th total of 11,144,813 shares, American Banking and Market News reports. Based on an average daily volume of 1,453,294 shares, the short-interest ratio is presently 9.7 days. Approximately 17.3% of the shares of the company are short sold. The Wet Seal, Inc. (NASDAQ:WTSL) shares moved down -6.90% in last trading session and was closed at $0.931, while trading in range of $0.93 – $1.02. The Wet Seal, Inc. (NASDAQ:WTSL) year to date (YTD) performance is -65.90%.
On May 20, Carlsbad-based ViaSat Inc. (NASDAQ:VSAT), a provider of satellite and other wireless networking systems and services, reported record operating earnings on a 21 percent increase in revenue for its 2014 fiscal year. The company’s operating earnings, or adjusted EBITDA, grew 35 percent to $221.2 million on revenue of $1.4 billion in the fiscal year ended April 4. While the company reported a net loss of $9.4 million for the year, it was considerably smaller than the $41.2 million loss in the previous year. ViaSat, Inc. (NASDAQ:VSAT) ended the last trading day at $53.87. Company weekly volatility is calculated as 4.51% and price to cash ratio as 59.97. ViaSat, Inc. (NASDAQ:VSAT) showed a negative weekly performance of -9.26%.
Liquid Holdings Group, Inc (NASDAQ:LIQD) announced that the company has signed a joint marketing agreement with ConvergEx Prime Services LLC, the prime services division of ConvergEx Group LLC. Under the terms of the agreement, ConvergEx Prime Services will offer the Liquid platform as an option to its broad portfolio of prime brokerage clients including hedge funds, family offices, mutual funds, and registered advisors, and Liquid will refer its clients to ConvergEx for prime brokerage services. Liquid Holdings Group Inc (NASDAQ:LIQD) weekly performance is -31.74%. On last trading day company shares ended up $1.57. Liquid Holdings Group Inc (NASDAQ:LIQD) distance from 50-day simple moving average (SMA50) is -58.70%.