Insights about U.S. Stocks that landed in the Red-Zone during Wednesday’s trade, are depicted underneath:
Corporate Resource Services Inc (CRRS), the stock closed at $14.89, hitting new 52-week low of $0.05. The company has the market capitalization of $11.38M. The beta value of the stock is 1.19. On the other hand the stock’s volatility for the week is 59.32%, and for the month is 67.20%. The stock price to book value is $0.38; however price to sale value is $0.38. Analyst’s mean recommendation regarding this stock is 3.00. (where 1=Buy, 5=Sale).
Neustar Inc (NYSE:NSR)’s shares dwindled -11.46%, and closed at $22.25, hitting new 52-week low of $20.32.
NeuStar, Inc. (NSR): Based on the information made accessible recently regarding the Local Number Portability Administrator (“LNPA”) vendor selection, the FCC staff has recommended that the full Commission adopt a draft order that could have widespread and long-lasting negative consequences for consumers, competition, and national security.
The draft order is before the Commissioners, who are now charged with accepting, rejecting, or modifying the FCC staff’s recommendation for an Order in the LNPA vendor selection process. Neustar is extremely disappointed that the Wireline Competition Bureau is calling for action when, in its fact sheet, the staff has profoundly underestimated the breadth of the LNPA’s responsibilities. Although apparently the LNPA is used to port numbers, it is also critical for technology migrations, mergers and attainments, disaster recovery, accurate 911 location, and is the only authoritative database for the proper call completion of 11 billion voice calls and text messages each day. The recommendation misunderstands the operating system and would harm public safety, law enforcement, fundamentally burden small carriers, and disrupt service for 12 million consumers – all in pursuit of theoretical savings for a few carriers, which Neustar believes will be dwarfed by the costs and risks of transition.
Neustar, Inc. (NSR) is the first real-time provider of cloud-based information services and data analytics, enabling marketing and IT security professionals to promote and protect their businesses. With a commitment to privacy and neutrality, Neustar operates complex data registries and uses its expertise to deliver actionable, data-driven insights that assist clients make high-value business decisions in real time, one customer interaction at a time.
Cyclacel Pharmaceuticals Inc (NASDAQ:CYCC), declined -22.54%, and closed at $1.10.
Cyclacel Pharmaceuticals, Inc. (CYCC), declared that it has priced its formerly declared public offering of 10,000,000 shares of its ordinary stock, at a price to the public of $1.00 per share, for gross proceeds of $10.0 million. The offering is predictable to close on March 9, 2015, subject to customary closing conditions.
The net proceeds, after deducting placement agent fees and expenses and other estimated fees and expenses payable by the Corporation, are about $9.2 million.
H.C. Wainwright & Co., LLC is acting as the sole book runner for the offering.
The securities described above are being offered by Cyclacel following a “shelf” registration statement on Form S-3 (File No. 333-187801) filed with the Securities and Exchange Commission, or the SEC, which was declared effective by the SEC on April 22, 2013.
Cyclacel is a biopharmaceutical corporation developing oral therapies that target the various phases of cell cycle control for the treatment of cancer and other serious diseases. Sapacitabine, Cyclacel’s most advanced product candidate, is the subject of SEAMLESS, a Phase 3 trial, which has accomplished enrollment and is being conducted under an SPA with the FDA as front-line treatment for acute myeloid leukemia (AML) in the elderly, and other studies for myelodysplastic syndromes (MDS) and chronic lymphocytic leukemia (CLL).
Hercules Offshore, Inc (NASDAQ:HERO), dipped -12.08%, and closed at $0.606.
Formerly on February 26, Hercules Offshore, Inc. (HERO), declared that it has received a notice from Saudi Aramco terminating its drilling contract for the Hercules 261, effective March 27, 2015. The Corporation is in the process of seeking a basis for ongoing the Hercules 261 contract. As formerly revealed, the Corporation has been in discussions with Saudi Aramco about a possible rate reduction on the Hercules 262 and Hercules 266. The Corporation has not received a notice of termination from Saudi Aramco with respect to these rigs.
Hercules Offshore, Inc., together with its auxiliaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide.
