Wendy's Arby's Group Inc. (NYSE:WEN) soared 6.71% to $4.77 after the company said it might sell the Arby’s portion of its fast-food business. The stock has a 52-week range of $3.83-$5.55.
The stock has average daily volume of 3.73 million shares.
At current market price, the market capitalization of the company stands at $1.99
billion.
J.C. Penney Company, Inc. (NYSE:JCP) added 4.78% to $30.47. J. C. Penney Company, Inc. is a holding company whose principal operating subsidiary is J. C. Penney Corporation, Inc. (JCP). The Company is a retailer, operating 1,108 JCPenney department stores in 49 states and Puerto Rico as of January 30, 2010.
The stock opened at $29.73 and is trading within the range of $29.73-$31.52.
Rexahn Pharmaceuticals, Inc. (AMEX:RNN) is up 10.66% to $1.35. Rexahn Pharmaceuticals, Inc. announced that Teva Pharmaceutical Industries Limited (Teva) purchased 2,334,515 shares of Rexahn's common stock in a private offering for $3.95 million, or $1.692 per share. This investment by Teva was made pursuant to the terms of the Securities Purchase Agreement, dated June 26, 2009, as amended.
Biolase Technology, Inc. (NASDAQ:BLTI) skyrocketed 65.87% to $2.77. The company said it expects to post a profit after four quarters of loss, sending the dental laser company's shares up 68 percent to a year-high.
The company expects fourth quarter revenue of $9.5-$10 million with a profit excluding non-cash stock expenses. The company expects 2011 revenue to grow about 120-140 percent to $55-$60 million and first-quarter revenue of $8.75-$9.25 million.Article published by Wall Street Grand. Visit the Wall Street Grand Club today.
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