Tag Archives: bad-request

Otonomy Drug Miss, BlackBerry Buyback Lead After Hours Movers

Drug stocks Otonomy (OTIC) and PTC Therapeutics (PTCT) led after-hours movers Thursday, as did teen clothing retailer Aeropostale (ARO) and ailing smartphone maker BlackBerry (BBRY). Otonomy, a clinical-stage biopharmaceutical company that specializes in ear drugs, said that its phase two-B OTO-104 drug trial “narrowly missed” its primary endpoint of reducing Meniere’s disease — a chronic condition that the company says is characterized by acute

Shopify IPO Rally Could Increase Investor Enthusiasm

E-commerce company Shopify on Thursday provided some much-needed oxygen to the IPO market with a soaring debut. Shopify (SHOP) offered 7.7 million shares at 17, above its expected range of 14 to 16, raising $131 million. The stock closed at 25.68, up 51%, and has a market valuation near $2 billion. Shopify provides a cloud-based e-commerce platform that businesses use to build websites and sell goods online and across multiple

HP Struggles Continue With Mixed Q2 Earnings

Hewlett-Packard continues to stumble toward its split-up this year. The computer products giant reported mixed Q2 earnings after the close Thursday, with EPS beating Wall Street expectations but revenue coming in short. HP’s (HPQ) earnings outlook for the current quarter also was light. Still, HP stock was up more than 1% in after-hours trading, after it released its results for the quarter ended April 30. HP stock rose 2.3% in Thursday’s regular