On Thursday, B/E Aerospace Inc (NASDAQ:BEAV)’s shares declined -2.80% to $56.33.
B/E Aerospace Inc (BEAV) B/E Aerospace has been under pressure, and traders are using options to manage the risk.
optionMONSTER’s Heat Seeker monitoring program detected the purchase of 3,000 October 60 calls yesterday, most of which priced for $3.60. Volume was almost 43 times open interest at the strike, so new money was put to work.
BEAV fell 0.96 percent to $59.69 yesterday and has lost 6 percent of its value since that poor quarterly report. Administration cited the effects of a strong U.S. dollar at the time. The company, whose products comprise aircraft seats and galleys, also fell after announcing results on Jan. 29.
Yesterday’s October 60s will provide exposure to the next earnings report in late July. Total option volume in the name was 10 times greater than average in the session, with calls accounting for a bullish 91 percent of the total.
B/E Aerospace, Inc. designs, manufactures, sells, and services cabin interior products for commercial aircraft and business jets in the United States and internationally. Its Commercial Aircraft segment offers first class, business class, tourist class, and regional aircraft seats, as well as spares; oxygen storage, distribution, and delivery systems for commercial and business jet aircraft; coffee makers/water boilers, ovens, and refrigeration equipment; and modular lavatory, wastewater, and galley systems.
Google Inc (NASDAQ:GOOG)’s shares dropped -0.67% to $536.70.
Google Inc (GOOG) to join Apple Inc., Microsoft Corp. and other peers in technology by introducing a dividend, according to Charles Sizemore, chief investment officer of Sizemore Capital Administration.
Google, the owner of the most popular Internet search service, has shunned cash payouts since going public in 2004. It’s one of a 11 U.S.-based companies with market values of more than $50 billion that aren’t paying dividends, according to data compiled by Bloomberg.
The attached chart compares the 11 companies’ cash, equivalents and investments maturing in a year or less as a percentage of total assets at the end of their latest fiscal quarters. Google had the highest proportion, 49.1 percent. The company, based in Mountain View, California, finished the first quarter with holdings of $65.4 billion.
Google might consider starting with $1.5 billion of dividends annually, he wrote in the posting. Apple, based in Cupertino, California, paid $11.2 billion during the past four quarters. Microsoft, based in Redmond, Washington, distributed $9.7 billion.
To be sure, Google’s cash-to-assets figure as of March 31 was the lowest since the third quarter of 2008. The percentage was in line with two of the largest Chinese Internet companies: Alibaba Group Holding Ltd., at 49.3 percent, and Baidu Inc., at 56.5 percent.
Google Inc., a technology company, builds products and provides services to organize the information. The company offers Google Search, which provides information online; Google Now that offers information to users when they need it; AdWords, an auction-based advertising program; AdSense, which enables Websites that are part of the Google network to deliver ads; DoubleClick Ad Exchange, a marketplace for the trading display ad space; and other advertising platforms, such as AdExchange and AdMob.
At the end of Thursday’s trade, Ball Corporation (NYSE:BLL)‘s shares dipped -1.39% to $70.45.
Ball Corporation (BLL) will speak to the investment community at the 2015 Barclays High Yield Bond and Syndicated Loan Conference in Colorado Springs, Colorado, on Thursday, June 11.
Ball Corporation, together with its subsidiaries, supplies metal packaging products to the beverage, food, personal care, and household products industries worldwide. It operates in four segments: Metal Beverage Packaging, Americas and Asia; Metal Beverage Packaging, Europe; Metal Food and Household Products Packaging; and Aerospace and Technologies.
Ignyta Inc (NASDAQ:RXDX), ended its Thursday’s trading session with 1.53% gain, and closed at $17.97.
Ignyta Inc (RXDX) declared that interim results from the company’s two Phase 1 clinical trials of entrectinib were presented in poster presentations, counting a poster talk about, at the 2015 Annual Meeting of the American Society of Clinical Oncology (ASCO) in Chicago, Illinois. Entrectinib is the company’s proprietary oral tyrosine kinase inhibitor targeting tumors that harbor activating alterations to NTRK1/2/3 (encoding TrkA/TrkB/TrkC), ROS1 or ALK.
As of the May 1, 2015 data cut-off for the presentation, the findings showed:
- A total of 67 patients with a range of solid tumors had been dosed across both clinical trials;
- Entrectinib was well tolerated to date, with no treatment-related serious adverse events. Other safety findings comprised of:
- In the ALKA-372-001 study, two Grade 3 treatment-related adverse events were observed: fatigue and muscle weakness, each of which subsided with dose reduction. The most frequent adverse events were paresthesia, nausea, myalgia, asthenia, dysgeusia, and vomiting;
- In the STARTRK-1 study, three Grade 3 treatment-related adverse events were observed: neutropenia, which resolved with dose reduction, and two dose-limiting toxicities of reversible cognitive impairment and fatigue, both of which occurred at 800 mg fixed dose and resolved upon study drug interruption. The most frequent adverse events were fatigue, dysgeusia, constipation, nausea, and paresthesia.
Ignyta, Inc., a precision oncology biotechnology company, engages in discovering or acquiring, developing, and commercializing new drugs for cancer patients. Its products pipeline comprises of entrectinib, a tyrosine kinase inhibitor directed to the Trk family tyrosine kinase receptors, ROS1, and ALK proteins, which is in two Phase I/II clinical studies in molecularly defined patient populations for the treatment of solid tumors; and RXDX-103, a development program targeting the cell division cycle 7-related and protein kinase.
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