Market Movers: Marvell Technology Group (NASDAQ:MRVL), Synergy Pharmaceuticals(NASDAQ:SGYP), Geeknet(NASDAQ:GKNT), Coronado Biosciences(NASDAQ:CNDO), Wyndham Worldwide Corporation (NYSE:WYN)


Marvell Technology Group Ltd. (NASDAQ:MRVL) will begin trading ex-dividend on September 09, 2014. A cash dividend payment of $0.06 per share is scheduled to be paid on October 02, 2014. Shareholders who purchased MRVL stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 10th quarter that MRVL has paid the same dividend. At the current stock price of $14.13, the dividend yield is 1.7%. Marvell Technology Group Ltd. (NASDAQ:MRVL) in last trading activity fell -0.78% to close at $14.02. Company weekly performance is 0.79% while its quarterly performance stands at -5.14%. Marvell Technology Group Ltd. (NASDAQ:MRVL) is -15.43% away from its 52 week high.

On 11 AUG Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) reported its financial results and business update for the three and six months ended June 30, 2014. Synergy’s cash, cash equivalents and available-for-sale securities balance as of June 30, 2014 was $51.2 million as compared to $68.1 million on December 31, 2013. During the six months ended June 30, 2014, net cash provided by financing activities was $22.2 million, as compared to $89.2 million during the six months ended June 30, 2013. Net cash used in operating activities was $39.5 million during the six months ended June 30, 2014, as compared to $28.6 million during the six months ended June 30, 2013. On last trading day Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) increased 5.42% to close at $3.89. Its volatility for the week is 4.13% while volatility for the month is 4.01%. SGYP’s EPS growth for past 5 years was -6.60%. Synergy Pharmaceuticals, Inc. (NASDAQ:SGYP) monthly performance is 10.20%.

On 28 AUG Geeknet, Inc. (NASDAQ:GKNT) said that it was graded by Zacks from a “neutral” rating to an “underperform” rating in a note issued to investors on Thursday. They currently have a price objective on the stock.  On last trading day Geeknet, Inc. (NASDAQ:GKNT) fell -1.47% to close at $10.36. Its volatility for the week is 5.00% while volatility for the month is 3.22%. GKNT’s sales growth for past 5 years was 33.60% and its EPS growth for past 5 years was -16.90%. Geeknet, Inc. (NASDAQ:GKNT) monthly performance is -13.41%.

On 11 AUG Coronado Biosciences, Inc. (NASDAQ:CNDO) announced its financial results for the second quarter ended June 30, 2014. Coronado’s net cash and restricted cash totaled $75.8 million and $14.0 million respectively at June 30, 2014. The Company posted a quarterly net loss of $4.7 million and $12.1 million, or $0.13 and $0.34 per share for the three and six months ended June 30, 2014 respectively. These results compare to a net loss of $10.7 million and $19.5 million, or $0.38 and $0.73 per share for the three and six months ended June 30, 2013 respectively. Coronado Biosciences, Inc. (NASDAQ:CNDO) has 5.60% insider ownership while its institutional ownership stands at 21.60%. In last trading activity company’s stock closed at $1.78.

On 25 AUG Wyndham Worldwide Corporation (NYSE:WYN) CEO Franz S. Hanning sold 39,751 shares of the company’s stock on the open market in a transaction that occurred on Monday. The shares were sold at an average price of $80.00, for a total transaction of $3,180,080.00. Following the completion of the sale, the chief executive officer now directly owns 114,140 shares in the company, valued at approximately $9,131,200.  On Monday shares of Wyndham Worldwide Corporation (NYSE:WYN) closed at $82.14. Company’s sales growth for last 5 years was 3.20% and EPS growth for next 5 years is recorded as 12.29%.


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