In order to meet the inventory demand and fulfillment needs of approximately 1,000 stores, Rite Aid Corporation (NYSE:RAD) plans to open a new distribution center in Spartanburg, SC. Located near the I-85 Corridor, the new 900,000 square foot distribution center will employ a staff of 600, announced Jan 29. Rite Aid Corporation (NYSE:RAD) in last trading activity moved up 0.96% to close at $7.35. Company weekly performance is 1.24% while its quarterly performance stands at 39.73%. Rite Aid Corporation (NYSE:RAD) is -14.73% away from its 52 week high.
On last trading day Ship Finance International Limited (NYSE:SFL) moved up 4.54% to close at $15.65. Its volatility for the week is 3.75% while volatility for the month is 3.64%. SFL’s sales growth for past 5 years was -10.00% and its EPS growth for past 5 years was -16.90%. Ship Finance International Limited (NYSE:SFL) monthly performance is 10.76%.
Coach, Inc. (NYSE:COH) announced that Andrea Guerra has been appointed to Coach’s Board of Directors. The appointment of Mr. Guerra to the Board brings the membership to nine. Coach, Inc. (NYSE:COH) has 0.80% insider ownership while its institutional ownership stands at 87.30%. In last trading activity company’s stock closed at $38.96.
Synta Pharmaceuticals Corp. (NASDAQ:SNTA) on Thursday announced about 20% reduction in its workforce as part of a change in its operating model. The company expects to realize cost savings from the job cuts in 2015. On a cumulative basis, headcount has been reduced from 133 at the beginning of 2014 to 90 today, the company noted. On Thursday shares of Synta Pharmaceuticals Corp. (NASDAQ:SNTA) closed at $2.37.
Pfizer Inc (NYSE:PFE) said it would buy Hospira Inc for about $15 billion to boost its portfolio of generic injectable drugs and copies of biotech medicines. Pfizer is known for prescription medicines like impotence treatment Viagra and Lyrica for nerve pain, but many of its biggest brands, including cholesterol treatment Lipitor and painkiller Celebrex, have lost patent protection and are facing cheaper generics. Pfizer Inc. (NYSE:PFE) in last trading activity advanced 2.87% to close at $32.99. Company weekly performance is 3.64% while its quarterly performance stands at 9.89%. Pfizer Inc. (NYSE:PFE) is -1.52% away from its 52 week high.
Yelp, Inc. (NYSE:YELP) swung to a profit in the fourth quarter, as average monthly unique visitors rose 13% to about 135 million, a growth rate that was below that of its past few quarters. On last trading day Yelp, Inc. (NYSE:YELP) advanced 1.29% to close at $57.47. Its volatility for the week is 3.60% while volatility for the month is 3.90%. YELP’s sales growth for past 5 years was 80.70% and its EPS growth for past 5 years was -8.40%. Yelp, Inc. (NYSE:YELP) monthly performance is 9.59%.