Among the companies with shares expected to actively trade in
Tuesday's session are Tower Group International Ltd. (TWGP), Jamba
Inc. (JMBA) and J.C. Penney Co. (JCP).
Tower Group, which has struggled as it has paid out insurance
claims from superstorm Sandy, said it is reviewing an array of
strategic options with J.P. Morgan Securities LLC, its lead
financial advisor. Shares of the company were down 27% to $5.43 in
recent premarket trading.
Jamba lowered its outlook for several key metrics for the fiscal
year, as the smoothie company faced a slowdown in consumer
spending, adverse weather in key markets and increased competition.
Shares dropped 16% to $11.27 premarket.
J.C. Penney said that same-store sales declines slowed to 4%
last month, as the struggling retailer said sales trends are
expected to continue improving throughout the rest of the year.
Shares climbed 6.6% to $8.22 premarket.
Biotechnology company Agenus Inc. (AGEN) said late Monday that
Phase 3 data for GlaxoSmithKline PLC's (GSK) RTS,S malaria vaccine
candidate, which contains Agenus' flagship Stimulon adjuvant,
showed positive results in helping protect young children and
infants from clinical malaria up to 18 months after the
vaccination. Shares were up 9% to $3.03 in premarket trading.
Nuance Communications Inc. (NUAN) has named activist investor
Carl Icahn's son and his investment partner to the
speech-recognition technology maker's board, expanding the board to
11 directors. Shares were up 2% to $18.85 premarket.
Carl Icahn has acquired a nearly 6% stake in oil and gas
producer Talisman Energy Inc. (TLM, TLM.T), a move the activist
investor said may lead to conversations with management about board
seats and strategic alternatives. The news sent shares of the
Calgary, Alberta, company up 6.4% to $13.58 in premarket
trading.
Wolverine World Wide Inc.'s (WWW) third-quarter earnings grew a
better-than-expected 66% as the maker of Hush Puppies and Merrell
shoes continued to see improvement after its acquisition of
Collective Brands' operations last year. The company boosted its
adjusted per-share earnings forecast for the year, though the move
puts the range in line with the Street's view. Shares rose 1.9% to
$58.88 premarket.
Watch List:
SolarWinds Inc. (SWI) agreed to pay $103 million to acquire
privately held Confio Software, a deal the information-technology
management software firm said will help bolster its product
portfolio.
United Continental Holdings Inc. (UAL) reported slightly higher
passenger traffic in September, the first monthly increase the
airline has reported from year-ago levels since January.
Wendy's Co. (WEN) disclosed the sale of all of the fast-food
chain's company-owned stores in the Seattle market, unloading the
restaurants to long-time franchisee Cedar Enterprises Inc. The deal
is part of a plan announced earlier this year to sell about 425
company-operated restaurants to franchisees.
Write to John Kell at john.kell@wsj.com
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