On Wednesday, in the course of current trade, Shares of Avon Products Inc. (NYSE:AVP), dropped -2.65%, and is now trading at $6.81, after a takeover bid for Avon last week proved to be a fake, but the boost it gave to the company’s stock is lingering nonetheless.
Avon shares closed at $7.18 on Monday, about 8% higher than its close of $6.67 on May 13, the day before the bid of $18.75 a share from a nonexistent British private-equity firm called PTG Capital was outlined in a filing with the Securities and Exchange Commission.
Avon Products, Inc. manufactures and markets beauty and related products worldwide. It offers beauty products, such as skincare, and personal care products, in addition to fragrances and color cosmetics; and fashion and home products comprising of jewelry, watches, apparel, footwear, accessories, gift and decorative products, housewares, entertainment and leisure products, children’s products, and nutritional products.
During an Afternoon trade, Shares of InterCloud Systems, Inc. (NASDAQ:ICLD), gained 4.42%, and is now trading at $3.53.
InterCloud Systems, declared that it was recently awarded over $2.0 Million in professional services engagements, WiFi and DAS networks for existing and new clients. The work on these contracts is predictable to be accomplished between Q-2 and Q-3 in 2015.
Mark Munro, CEO of InterCloud Systems stated; “Our sales and engineering teams continue to win new business from our pipeline at a faster pace than in 2014. These new contracts confirm that InterCloud’s distinctive suite of services have a competitive advantage within the enterprise and service provider markets and that our sales and engineering teams are executing more efficiently. InterCloud is positioned well to take advantage of these next-generation network growth opportunities throughout 2015 and beyond.”
InterCloud Systems, Inc. provides end-to-end IT and network solutions to the telecommunications service provider and corporate enterprise markets through cloud platforms and professional services in the United States and internationally. It operates through three segments: Applications and Infrastructure, Professional Services, and Cloud and Managed Services.
Shares of Cytori Therapeutics, Inc. (NASDAQ:CYTX), during its Wednesday’s current trading session fell -1.42%, and is now trading at $0.69.
Cytori Therapeutics, declared its first quarter financial results and offered updates on its corporate activity and clinical development.
Cytori continued to reduce its operating cash burn, spending a total of $5 million in the first quarter 2015, contrast to $9 million in Q1 2014. First quarter 2015 net loss allocable to common stock holders was $22.6 million (or $7.2 million and $0.07 per share when not taking into account a non-cash charge of $15.4 million related to the change in fair value of warrant liability) contrast to $10 million (or $0.14 per share) for the same period in 2014. Cytori ended the first quarter of 2015 with $13.2 million of cash and cash equivalents or about $39 million pro-forma at March 31, 2015, when considering $25.7 million in net cash proceeds since March 31, 2015 from the issuance of shares under its ATM program, warrant exercises, and the net proceeds from the initial closing of a registered direct offering, which closed on May 8, 2015.
Cytori Therapeutics, Inc., a biotechnology company, develops cell therapeutics for specific diseases and medical conditions. The company primarily provides Cytori Cell Therapy comprising of a heterogeneous population of specialized cells, counting stem cells for the treatment of patients with scleroderma hand dysfunction, orthopedic disorders, cardiovascular disease, urinary incontinence, and thermal burns combined with radiation injury.
Finally, Lincoln National Corporation (NYSE:LNC), gained 0.31% Wednesday.
Lincoln Financial Group’s (LNC) Retirement Plan Services business recently declared two additions to its Institutional Retirement Distribution (IRD) team focused on the government market. Mark Seidenburg has been named Business Development Director and Christopher Neece joins as Sales Director. Seidenburg, reporting to Jason Key, IRD Head of Business Development, is responsible for working with plan sponsors’ national and regional independent registered advisor and consulting firms in the government sector. Neece reports to Michael Hall, IRD National Sales Director, and is focused on government market sales in the Midwest.
The IRD team focuses on delivering Lincoln’s full service retirement plan services offerings for corporate and nonprofit/tax exempt plan sponsors. These additions align with Lincoln’s strong overall growth in the government market and commitment to supporting this segment. Government sales for Lincoln’s Retirement Plan Services business were up 49% year-over-year.
Lincoln National Corporation, through its auxiliaries, engages in multiple insurance and retirement businesses in the United States. It operates through Annuities, Retirement Plan Services, Life Insurance, and Group Protection segments.
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