On Monday, in the course of current trade, Shares of MannKind Corp. (NASDAQ:MNKD), surged 6.22%, and is now trading at $4.44.
MannKind Corporation, will release its 2015 first quarter financial results on Thursday, May 7, 2015 and its administration will host a conference call to talk about the first quarter financial results and other Company developments at 9:00 AM (Eastern Time) on May 8, 2015.
Presenting from the Company will be its Chief Executive Officer, Hakan Edstrom and Chief Financial Officer, Matthew Pfeffer.
MannKind Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of therapeutic products for diabetes in the United States. Its lead product is AFREZZA inhalation powder, an insulin to control high blood sugar in adult patients with type 1 and type 2 diabetes. MannKind Corporation was founded in 1991 and is headquartered in Valencia, California.
During an afternoon trade, Shares of Keurig Green Mountain, Inc. (NASDAQ:GMCR), dipped -3.76%, and is now trading at $111.81.
Keurig Green Mountain, responds to speculation about changes to the R&D and Engineering teams:
“Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company. In April 2015, following a comprehensive search to find the best candidate to serve as Keurig’s Chief Technology Officer, Mark Choe assumed the position, joining Keurig from Whirlpool Corporation. Since Mark began in his role, he and Kevin have been working closely together to ensure a seamless transition. There has been no shake-up in our R&D division.”
Keurig Green Mountain, Inc. produces and sells specialty coffee, coffeemakers, teas, and other beverages in the United States and Canada. It sources, produces, and sells coffee, hot cocoa, teas, and other beverages under various brands in K-Cup, Vue, Rivo, K-Carafe, and Bolt portion packs brands; and coffee in traditional packaging, counting bags and fractional packs, in addition to offers whole bean and ground coffee in bags, fractional packages, and cans.
Shares of Yum! Brands, Inc. (NYSE:YUM), during its Monday’s current trading session fell -0.36%, and is now trading at $91.57, hitting its highest level, after activist investor Keith Meister spoke about the fast food company at the Sohn Investment Conference.
Meister said Yum! Brands would be an ideal investment for his hedge fund Corvex Administration, according to MarketWatch.
The activist also said Yum! Brands should separate its China unit into an independent company. Meister indicated that the company’s problems in 2012 and 2013 were “hiccups” that stemmed from China’s food regulations.
He predicts that the company’s earnings per share have the potential to grow 14 times. To do this, he suggested Yum! Brands spin off its Chinese operations, enter the Chinese end of the business into a franchise agreement with the U.S. brand, and focus on U.S. corporate governance.
Corvex owns $1.5 billion in Yum! Brands shares, which makes it one of the top five shareholders in the company.
YUM! Brands, Inc., together with its auxiliaries, operates quick service restaurants. It operates in five segments: YUM China, YUM India, the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company develops, operates, franchises, and licenses a system of restaurants, which prepare, package, and sell various food items.
Finally, TASER International Inc. (NASDAQ:TASR), gained 4.91% Monday, hitting its highest level, following its earnings release last week and declaration that the U.S. Department of Justice plans to spend $20 million on body cameras similar to the one the company makes.
The Justice Department’s declaration of its investment in body cameras came on the same day that Maryland State Attorney Marilyn Mosby declared that her office was filing charges against six officers in connection to the death of Freddie Gibbs.
The DOJ said that the investment was just the initial round of funding for its three-year $75 million plan to dispense 50,000 body cameras to police departments around the country.
The company stated earnings of 13 cents per diluted share for the period, more than double the 6 cents per share analysts had forecast.
“TASER International is off to an outstanding start in fiscal 2015 thanks to strength in the TASER Weapons segment, in addition to continued growth and new wins in the AXON business,” CEO Rick Smith said. “New programs such as the Standard Issue Grant Program are examples of how we are partnering with law enforcement agencies for the long-term, and we are enthusiastic thus far about the results of our investments.”
TASER International, Inc. develops, manufactures, and sells conducted electrical weapons (CEWs) worldwide. It operates through two segments, TASER Weapons and AXON. The company’s CEW products transmit electrical pulses along the wires and into the body affecting the sensory and motor functions of the peripheral nervous system.
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