Home > Investing > Stocks Making News for 09/15/2011

Stocks Making News for 09/15/2011

September 15, 2011

stock trading newsUBS faces $2 Billion Loss

UBS said a 31-year-old equities trader in London lost the company $2 billion via unauthorized transactions. The man, reportedly an ETF trader, is detained in London, and UBS is down 10 percent before the bell.

Applied Materials Upgraded by Oppenheimer

Applied Materials was upgraded to “outperform” from “perform” by Oppenheimer, with a $16 price target. AMAT, which closed yesterday at $11.24, rose 2 percent in the premarket.

Pall Revenue Beats

Pall reported adjusted fourth-quarter profit of $0.74, which missed the $0.88 average forecast. Revenue, however, was $780.4 million, far ahead of consensus at $760.9 million. PLL climbed 1 percent after the news yesterday and haven’t traded yet this morning.

Netflix Craters on Outlook

Netflix cut its outlook for subscriber growth in the third quarter, and the bears are piling in. NFLX shares plunge 14 percent in the premarket.

Vivus Climbs on Qnexa News

Vivus said it reached an agreement with the Food & Drug Administration to make an early resubmission of its Qnexa obesity drug. VVUS climbs 12 percent in the pre-market.

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