Early Day Notes: Recon Technology, Ltd., Weibo Corporation (NASDAQ:WB), MagneGas Corporation (NASDAQ:MNGA), Express Scripts Holding Company (NASDAQ:ESRX)

Posted by on Dec 23, 2015

Cellular Biomedicine Group Inc. (NASDAQ:CBMG) shares moved up 0.26% in last trading session and ended the day at $23.43. CBMG Gross Margin is 39.10% and its has a return on assets of -34.50%. Cellular Biomedicine Group Inc. (NASDAQ:CBMG) quarterly performance is 15.99%.

Cellular Biomedicine Group Inc. (NASDAQ:CBMG) announced a scheduled presentation to release 48-week clinical data from the Phase IIb trial of its ReJoin® human adipose-derived mesenchymal progenitor cell (haMPC) therapy for Knee Osteoarthritis (KOA) at the 8th Annual BioTech Showcase investor conference to be held in San Francisco, CA January 11-13, 2016.

Recon Technology, Ltd. (NASDAQ:RCON) ended the last trading day at $1.51. Company weekly volatility is calculated as 11.50% and price to cash ratio as 13.74. Recon Technology, Ltd. (NASDAQ:RCON) showed a weekly performance of -21.35%.

On 14 December, Recon Technology, Ltd. (NASDAQ: RCON) announced that Beijing BHD Petroleum Technology Co., Ltd. (“BHD”), a wholly-owned subsidiary of the Company, won a major bidding contract with PetroChina Co., Ltd. (“PetroChina”) and has been deemed a Class A Furnace Supplier to all PetroChina’s oilfield companies. With this bidding and qualification, BHD will participate in PetroChina’s furnace procurement program, which was worth over RMB 2.9 billion (approximately $457 million) during the period Oct. 2015 to Sep. 2017.

On 22 December, Weibo Corporation (NASDAQ:WB) shares moved up 2.44% and was closed at $20.18. Weibo Corporation (NASDAQ:WB) year to date (YTD) performance is 41.71%.

Morgan Stanley upgraded shares of Weibo Corp (NASDAQ:WB) from an equal weight rating to an overweight rating in a report published on Thursday morning, The Fly reports.

MagneGas Corporation (NASDAQ:MNGA) shares moved up 11.33% in last trading session and ended the day at $1.67. MNGA Gross Margin is 39.10% and its has a return on assets of -54.90%. MagneGas Corporation (NASDAQ:MNGA) quarterly performance is 73.96%.

MagneGas Corporation (NASDAQ: MNGA) announced that it has hired a leading international law firm, Greenberg Traurig, LLP, to investigate the source of an article written by an anonymous short seller in the Company’s stock, as disclosed in the article, as well as any affiliated parties. The website does not contain the article author’s telephone or other contact information but does clearly state the author is a short seller. The article contains multiple instances of materially false and misleading information.

Express Scripts Holding Company (NASDAQ:ESRX) caters to the Healthcare space. It has a net profit margin of 2.20% and weekly performance is -0.21%. On the last day of trading company shares ended up at $86.67. Express Scripts Holding Company (NASDAQ:ESRX) distance from 50-day simple moving average (SMA50) is -6.69%.

Express Scripts Holding Company (NASDAQ:ESRX) still expects to see its 2015 adjusted earnings per diluted share grow 13 to 14 percent over 2014’s results. The company added that it expects to earn $6.08 to $6.28 in fiscal 2016 – representing a growth of 10 to 14 percent over the mid-point of its 2015 guidance range. Express Scripts also expects its full year 2016 EBITDA to be $7.23 billion to $7.43 billion, while its cash flow from operations will be between $4.6 billion and $5.1 billion.

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