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Pharmaceutical industry

NASDAQ Stock Market After-Hours Trading: Notable Gainers and Losers

Strategic Insights

— 2 min read

The NASDAQ stock market showed significant movement in the after-hours trading session, with both notable gainers and losers. Expedia Inc., Seagate Technology, Cutera, ShoreTel, and Select Comfort took the top spots as gainers, while Hercules Offshore, Idenix Pharmaceuticals, Sangamo Biosciences, PostRock Energy, and China-Biotics led the pack as losers. Key decisions, approvals, and regulatory filings influenced the stock prices, highlighting the importance of strategic planning and compliance in the industry.

Key Takeaways:

  • Expedia Inc. (EXPE) announced a plan to separate the company into two publicly traded entities, Expedia Inc. and TripAdvisor, with a proposed spin-off expected to be completed in the third quarter of 2011.
  • Seagate Technology PLC (STX) guided third-quarter revenue above Street view, expecting $2.7 billion in revenue and 49 million units in shipments.
  • Cutera, Inc. (CUTR) received FDA approval for its GenesisPlus laser device for the treatment of onychomycosis, a fungal nail infection affecting millions of people worldwide.
  • ShoreTel, Inc. (SHOR) and Select Comfort Corp. (SCSS) both experienced significant stock price increases in the after-hours trading session, with gains of 4.99% and 4.53%, respectively.
  • Hercules Offshore, Inc. (HERO) received a subpoena from the SEC and was notified by the DOJ that its activities are under review, leading to a decline in stock price.
  • Idenix Pharmaceuticals Inc. (IDIX) commenced an underwritten registered public offering of shares, selling all shares being sold by the company.
  • Sangamo Biosciences Inc. (SGMO) offered 6.7 million common shares in an underwritten public offering, sliding 7.27% in after-hours trading.

Statistics:

  • Expedia Inc. (EXPE) stock jumped 13.88% to $25.51 in after-hours trading.
  • Seagate Technology PLC (STX) stock grew 7.69% to $15.82 in after-hours trading.
  • Cutera, Inc. (CUTR) stock gained 5.93% to $9.11 in after-hours trading.
  • ShoreTel, Inc. (SHOR) stock increased 4.99% to $9.67 in after-hours trading.
  • Select Comfort Corp. (SCSS) stock rose 4.53% to $12.91 in after-hours trading.
  • Hercules Offshore, Inc. (HERO) stock plunged 12.38% to $5.59 in after-hours trading.
  • Idenix Pharmaceuticals Inc. (IDIX) stock plummeted 12.04% to $2.85 in after-hours trading.
  • Sangamo Biosciences Inc. (SGMO) stock fell 7.27% to $7.75 in after-hours trading.

Sources:

  • Expedia Inc. press release: [Expedia Inc. Board of Directors Approves Plan to Separate into Two Publicly Traded Companies]
  • Seagate Technology PLC press release: [Seagate Delivers Strong Q3 Results and Provides Fiscal Q4 Guidance]
  • Cutera, Inc. press release: [Cutera's GenesisPlus Laser Receives FDA Approval for Treatment of Onychomycosis]
  • ShoreTel, Inc. press release: [ShoreTel Announces Record Revenue and Earnings for Its First Quarter of Fiscal 2011]
  • Select Comfort Corp. press release: [Select Comfort Reports First Quarter 2011 Results]
  • Hercules Offshore, Inc. press release: [Hercules Offshore Announces Receipt of Subpoena from the SEC]
  • Idenix Pharmaceuticals Inc. press release: [Idenix Announces Underwritten Registered Public Offering]
  • Sangamo Biosciences Inc. press release: [Sangamo Announces Offering of 6.7 Million Shares]

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