U.S. Hot Stocks: Hot Stocks to Watch
June 28 2016 - 09:39AM
Dow Jones News
Among the companies with shares expected to trade actively in
Tuesday's session are LendingClub Corp. (LC), Dow Chemical Co.
(DOW), and Whirlpool Corp. (WHR).
LendingClub said Tuesday it would eliminate about 12% of its
workforce, as loan volumes has plummeted in the second quarter
following the troubled fintech company's disclosure that it had
made improper loans in order to boost its numbers. Shares rose
3.95% to $4.47 in premarket trading.
Dow Chemical on Tuesday said it planned to cut 2,500 jobs
globally, or about 4% of its workforce, as it works to complete its
merger with DuPont Co. Dow Chemical shares rose 1.8% to $50.40
premarket.
Whirlpool Corp. on Tuesday backed its earnings forecast for 2016
after its stock had fallen sharply since the U.K. voted to leave
the European Union last week. Shares rose 0.84% to $155.75
premarket.
ComScore Inc. (SCOR) said its investigation into accounting
issues continues and that it needs more time to evaluate the
findings and make conclusions. Shares fell 4.56% to $28.06
premarket.
Gannett Co. (GCI) agreed to buy digital marketing services
company ReachLocal Inc. for about $156 million, a deal that Gannett
said would increase its digital revenue by roughly 50%.
General Electric Co. (GE) has struck three agreements to sell
the bulk of its U.S. restaurant loan portfolio as the industrial
conglomerate continues to unwind its financial arm to focus on
high-tech products, like jet engines and power turbines.
Regulus Therapeutics Inc.'s (RGLS) stock lost more than half of
its value Monday after federal regulators gave the drug maker
notice that its experimental treatment for chronic hepatitis C had
been placed on a clinical hold.
SolarCity Corp. (SCTY) has formed a special committee to
evaluate a $2.8 billion all-stock bid from Tesla Motors Inc.(TSLA),
addressing potential conflicts with directors with overlapping
interests in the companies.
Starz (STRZA) said Monday that Chief Executive Chris Albrecht
will add the role of president under a new contract. Mr. Albrecht's
agreement goes into effect on July 1 and runs through Dec. 31,
2020.
Write to Chris Wack at chris.wack@wsj.com or Maria Armental at
maria.armental@wsj.com
(END) Dow Jones Newswires
June 28, 2016 09:24 ET (13:24 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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