Companies whose shares are expected to trade actively in today are Morgan Stanley (NYSE:MS), Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM), Sony Corporation (NYSE:SNE) (TYO:6758), Capital One Financial Corp. (NYSE:COF), Intel Corporation (NASDAQ:INTC) and NuPathe Inc (NASDAQ:PATH).
Morgan Stanley (NYSE:MS): The investment bank returned to the fourth quarter profit after suffering a net loss of $250 million in the same period of 2011. The institutional securities unit posted stronger than expected revenues. Shares surged 6.31 percent to $22.06 since the open.
The Delbrook Resources Opportunities Master Fund was up 9.2% for May, bringing its year-to-date return to 33%. Q1 2021 hedge fund letters, conferences and more Dellbrook is an equity long/ short fund that focuses exclusively on the metals and mining sector. It invests mainly in public companies focused on precious, base, energy and industrial metals Read More
Research In Motion Limited (NASDAQ:RIMM) (TSE:RIM): The Canadian smartphone maker is already helping its users adapt to the upcoming BlackBerry 10 platform. Shares of the company went up 4.69 percent to $15.61 in early trading after Jefferies said that the company will allow its email and messaging service known as BBM on Android and iPhone devices. Jefferies has increased its price target to $19.50 and changed its rating to buy from hold.
Sony Corporation (NYSE:SNE) (TYO:6758): The Japanese electronics company is selling its New York headquarters for $1.1 billion. The company said it will complete the deal by the end of March. American shares of the company rose 5.71 percent to $12.59.
Capital One Financial Corp. (NYSE:COF): Though its fourth quarter earnings and revenues demonstrated strong growth, the company’s revenues and earnings missed analysts’ estimates due to operating expenses and loan-loss provisions. Shares dipped 7.44 percent to $57 in early trading session.
Intel Corporation (NASDAQ:INTC): The chipmaker’s profits declined 27 percent amid weakening demand of personal computers. Intel has suffered due to consumers shifting towards smartphones and tablets. Shares were down 5.78 percent to $21.37.
NuPathe Inc (NASDAQ:PATH): The company said that U.S. Food and Drug Administration has approved its Zecuity migraine patch. The battery-powered patch will be launch later this year. Shares surged 7.85 percent to $3.55 in early trading session.
Another company to watch out for is Trius Therapeutics, Inc. (NASDAQ:TSRX). The company is offering 6.3 million shares at $4.75. Shares plunged 8 percent to $4.80 in early trading.