On Monday, in the course of current trade, Shares of ISIS Pharmaceuticals, Inc. (NASDAQ:ISIS), dropped -2.38%, and is now trading at $55.85.
Isis Pharmaceuticals, declared that it has been added to the Russell 1000 Index, effective June 26, 2015. The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000 Index and comprises about 1000 of the largest securities based on a combination of their market cap and current index membership.
“We are happy to be added to this important index, which assists to raise awareness of our company even more broadly among investors,” said B. Lynne Parshall, chief operating officer at Isis Pharmaceuticals. “Our promotion to the Russell 1000 index is a reflection of the substantial growth in Isis’ valuation, the positive results achieved with our pipeline of antisense drugs and the success of our business strategy.”
Isis Pharmaceuticals, Inc. engages in the discovery and development of antisense drugs using novel drug discovery platform. The company’s flagship product comprises the KYNAMRO injection, which is an apo-B synthesis inhibitor for patients with homozygous familial hypercholesterolemia; and for the reduction of low-density lipoprotein cholesterol.
During an Afternoon trade, Shares of Hercules Offshore, Inc. (NASDAQ:HERO), dipped -9.88%, and is now trading at $0.167.
Hercules Offshore, declared that it commenced a solicitation of votes for a prepackaged plan of reorganization from holders of its 10.25% senior notes due 2019, 8.75% senior notes due 2021, 7.5% senior notes due 2021, 6.75% senior notes due 2022, 7.375% senior notes due 2018 and 3.375% convertible senior notes due 2038. Votes on the prepackaged plan must be received by Prime Clerk, the Company’s voting agent, by August 12, 2015, unless the deadline is extended. The record date for voting has been set for July 13, 2015. Solicitation materials will be mailed on or about July 13, 2015 to creditors of record that are entitled to vote.
The prepackaged plan of reorganization provides that claims of trade creditors, suppliers and employees will be paid in full.
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. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments.
Shares of Kohl’s Corporation (NYSE:KSS), during its Monday’s current trading session gained 0.24%, and is now trading at $62.39.
Kohl’s Department Stores’ (KSS) associates from each of its 1,164 stores will take part in hundreds of volunteer events across the country, supporting nearly 160 hospitals and other organizations committed to children’s health. The volunteer events will focus on health and wellness and take place July 17 through September 4. In recognition of associate volunteer hours, Kohl’s will donate more than $500,000 in corporate grants to the benefiting organizations.
“Kohl’s associates are passionate about making a difference and we believe volunteer efforts can improve lives of children and families in the communities we call home,” said Bevin Bailis, Kohl’s senior vice president of communications and public relations. “We have incredible community partners and are honored to be able to lend a assisting hand to these organizations.”
Kohl’s Corporation operates department stores in the United States. It offers private label, exclusive, and national brand apparel, footwear, accessories, beauty, and home products to children, men, and women customers.
Finally, Sonoco Products Co. (NYSE:SON), lost -0.62% Monday.
Sonoco, stated preliminary operating results for the second quarter and year-to-date periods ending June 28, 2015. The Company anticipates to release complete merged financial results with the filing of its Form 10-Q in August.
Sonoco Products Company manufactures and sells industrial and consumer packaging products in North and South America, Europe, Australia, and Asia. The company operates through four segments: Consumer Packaging, Paper and Industrial Converted Products, Display and Packaging, and Protective Solutions.
DISCLAIMER:
This article is published by www.wsnewspublishers.com. The Content included in this article is just for informational purposes only. All information used in this article is believed to be from reliable sources, but we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, or reliability with respect to this article.
All visitors are advised to conduct their own independent research into individual stocks before making a purchase decision.
Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.
Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified through the use of such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should might occur.
