Author Archives: Scalper1

Atlassian IPO Jumps 32%, Strong During Weak Trend

During a slow period for initial public offerings, enterprise software company Atlassian (TEAM) turned in a strong performance Thursday. Atlassian rose 32% to 27.68 on the stock market today after trading as high as 28.50. The company raised $462 million in the offering, pricing 22 million shares at 21, above its expected range of 19 to 20. It previously filed to offer 20 million shares at 16.50 to 18.50 a share. At its IPO price, Atlassian had a

Apple’s next big thing: Augmented reality

Apple’s (AAPL) next big thing, which few people are talking about today, is augmented reality, Piper Jaffray analyst Gene Munster said Wednesday. Speaking at Business Insider’s Ignition conference, Munster gave his predictions for Apple in 2016 and beyond. Augmented or “mixed” reality devices are a longer-term initiative that could eventually replace the iPhone, he said. The big stories next year for Apple will include expanding its iPhone Upgrade

4 Stocks Moving On Breast-Cancer News

Medical stocks were moving Thursday as the annual San Antonio Breast Cancer Symposium entered its second day with a passel of updates from drug and diagnostics companies. The biggest mover — though in the negative direction — was Puma Biotechnology (PBYI), which was down nearly 15% in afternoon trading on the stock market today after it issued an update on its drug candidate neratinib. Puma presented results from a phase-two trial using neratinib