On Wednesday, Tegna Inc(NYSE:TGNA)’s shares inclined 0.13% to $23.11.
TEGNA Media was the recipient of eight 2015 Salute to Excellence Awards from the National Association of Black Journalists (NABJ). The awards, according to NABJ, recognize “journalism that best covered the black experience or addressed issues affecting the worldwide black community” during the past year. TEGNA Media stations received eight of the 16 Salute to Excellence Awards given to local television stations, more than any other station group.
In addition, TEGNA Media’s Adrienne Broaddus, from KARE in Minneapolis, MN, was honored with the 2015 NABJ Gannett Foundation Al Neuharth Award. Her story, “A Shared Heart”, highlighted the importance of organ donation and transplantation in the African-American community.
TEGNA Inc. engages in media and digital businesses in the United States. The company operates 46 television stations that produce local programming, such as news, sports, and entertainment; and associated online sites. It also operates Cars.com that provides information about car shopping, selling, and servicing; CareerBuilder, which provides human capital solutions, such as labor market intelligence, talent administration software, and other recruitment solutions; and G/O Digital that acts as a one-stop shop for local businesses looking to connect with consumers through digital marketing. In addition, the company offers advertising and marketing solutions comprising digital and print options; and news, information, and marketing solutions in the military, defense, federal technology, and C4ISR markets.
Incyte Corporation(NASDAQ:INCY)’s shares gained 7.09% to $123.28.
Incyte Corporation (Nasdaq: INCY), a biopharmaceutical company focused on the discovery, development and commercialization of innovative proprietary therapeutics, recently declared it has been ranked 7th on Forbes magazine’s 2015 list of the World’s Most Innovative Companies.
Forbes’ ranking is based on the companies’ “innovation premium”, and only comprises industries that are known to invest in innovation and businesses that have at least seven years of financial data and a market value greater than $10 billion.
Incyte Corporation, a biopharmaceutical company, focuses on the discovery, development, and commercialization of proprietary therapeutics primarily for oncology. It offers JAKAFI, an oral janus associated kinase (JAK) inhibitor for the treatment of patients with intermediate or high-risk myelofibrosis (MF), counting primary MF, post-polycythemia vera MF, and post-essential thrombocythemia MF. Its product pipe line comprises ruxolitinib, which is in Phase III clinical trial for pancreatic cancer; and in Phase II trial for the treatment of breast cancer, non-small cell lung cancer, and colorectal cancer, in addition to INCB39110 that is in Phase I/II trial for malignancies; and in Phase II trial for non-small cell lung cancer.
At the end of Wednesday’s trade, SUPERVALU INC.(NYSE:SVU)‘s shares surged 1.98% to $8.25.
Supervalu Inc.(SVU) paid Sam Duncan, its president and CEO, 40 percent more in fiscal 2015 than it did in the previous year, boosting his total compensation to $6.92 million, up from $4.95 million in 2014.
Duncan, 63, has been CEO and president of the grocery wholesaler and retailer since February 2013, when he took over for Wayne Sales, who had been CEO for just seven months. Sales remains a member of Supervalu’s board of directors. The CEO turnover at Supervalu drew a lot of attention to the company’s high compensation for executives and directors.
Duncan’s jump in pay this year was mainly a result of a large stock award he received for the company’s continued positive turnaround, which comprises improved same-store-sales, adjusted earnings and shareholder returns, among others metrics, according to the company’s proxy. Supervalu’s total market capitalization grew from $1.59 billion at the end of fiscal 2014 to $2.59 billion at the end of fiscal 2015.
Former Target Corp. executive Gerald Storch has been nominated by the Supervalu board to continue as non-executive chairman, a position he’s held since January 2014. Since this January, Storch also has been CEO of Hudson’s Bay Co., a retail business group based in Brampton, Ontario.
SUPERVALU INC., together with its auxiliaries, operates as a grocery wholesaler and retailer in the United States. The company operates through three segments: Independent Business, Save-A-Lot, and Retail Food. The Independent Business segment offers wholesale distribution of various food and non-food products to independent retail customers, such as single and multiple grocery store independent operators, regional chains, and the military. As of February 28, 2015, this segment operated about 1,825 stores with a network spanning 41 states.
Hovnanian Enterprises, Inc.(NYSE:HOV), ended its Wednesday’s trading session with 0.58% gain, and closed at $1.73.
Hovnanian Enterprises, Inc. (HOV) which has witnessed a noteworthy price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in HOV.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen 1 estimate moving down in the past 30 days, contrast with no upward revisions. This trend has caused the consensus estimate to trend lower, going from earnings of 4 cents a share a month ago to its current level of a loss of 5 cents.
Also, for the current quarter, Hovnanian Enterprises has seen 1 downward estimate revision as compared to no revisions in the opposite direction, dragging the consensus estimate down to the break-even point from 4 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 12.5% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
Hovnanian Enterprises, Inc. designs, constructs, markets, and sells residential homes in the United States. It constructs single-family detached homes, attached townhomes and condominiums, urban infill, and active adult homes. The company markets its build homes for first-time buyers, first-time and second-time move-up buyers, luxury buyers, active adult buyers, and empty nesters in 201 communities in 34 markets.
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