Nvidia’s (NVDA) view-topping second-quarter results and third-quarter revenue guidance have revived its stock, which had fallen as much as 20% from March to July. The chipmaker is partners with Tesla Motors (TSLA), and also makes chips for gaming consoles and mobile devices. Shares of Nvidia gapped up 10% in huge volume to a three-month high in the stock market today, easily jumping above their 50-day and 200-day moving averages. Those averages
Horizon Pharma (HZNP) stock dipped despite an earnings beat Friday, as Depomed (DEPO) rebuffed another takeover attempt. In a letter to Horizon CEO Timothy Walbert, Depomed CEO James Schoeneck wrote that Walbert had told him Horizon was prepared to raise its offer with a cash component up to 25%. Horizon’s previous proposal was all in stock, and reportedly worth $33 a share, though the exact quantity of stock involved wasn’t disclosed. “Yet you
After three straight up days, Netflix (NFLX) stock on Friday took a step back. Shares of the Internet television service were down 3% to near 123 in midday trading on the stock market today. Netflix stock reached an all-time high of 129.29 on Wednesday. Pivotal Research Group analyst Jeffrey Wlodarczak on Friday reiterated his buy rating on Netflix stock but raised his price target to 175 from 155. “The last three quarterly U.S. subscriber results