On Friday shares of Sorrento Therapeutics, Inc. (NASDAQ:SRNE) closed at $13.01. On May 15, Sorrento Therapeutics, Inc. (NASDAQ:SRNE), announced that NantPharma, founded by Dr. Patrick Soon-Shiong and a member of the NantWorks ecosystem of companies, agreed to acquire the rights to Cynviloq through the acquisition of Igdrasol, Inc., a wholly-owned subsidiary of Sorrento, which has been developing Cynviloq (paclitaxel nanoparticle polymeric micelle) in a bio-equivalence trial. Dr. Soon-Shiong was the founder of Abraxis BioScience and inventor and developer of the blockbuster drug Abraxane® (albumin-bound paclitaxel), currently approved for the treatment of breast, lung, and pancreatic cancers.
Sage Therapeutics, Inc. (NASDAQ:SAGE) in last trading activity moved up 0.26% to close at $58.44. Company weekly performance is 4.38% while its quarterly performance stands at 42.43%. Sage Therapeutics, Inc. (NASDAQ:SAGE) is -8.36% away from its 52 week high. On May 15, SAGE Therapeutics Inc. (NASDAQ:SAGE) has announced that SAGE-547 demonstrated robust activity, with a 77% response rate in evaluable patients with super-refractory status epilepticus (SRSE), in a successfully completed Phase 1/2 clinical trial. SAGE-547 also demonstrated favourable tolerability and a benefit-risk profile supporting development in this acutely ill patient population.
On last trading day DSP Group Inc. (NASDAQ:DSPG) decreased -0.89% to close at $11.10. Its volatility for the week is 1.12% while volatility for the month is 2.50%. DSPG’s sales growth for past 5 years was -7.60% and its EPS growth for past 5 years was 19.60%. DSP Group Inc. (NASDAQ:DSPG) monthly performance is -5.85%. Zacks reissued their buy rating on shares of DSP Group Inc (NASDAQ:DSPG) in a research report sent to investors on Wednesday morning. The firm currently has a $12.70 price target on the stock.
Nordic American Offshore Ltd. (NYSE:NAO) institutional ownership stands at 43.70%. In last trading activity company’s stock closed at $8.90. Nordic American Offshore Ltd. (NYSE:NAO) has declared a dividend of $0.17 per share for 1Q2015. The payment of dividend is expected to take place on or about May 28, 2015. Since its original establishment in late 2013, NAO has paid 5 dividends totalling $1.97 per share, including the dividend to be paid on or about May 28, 2015. 2014 was a start-up year for the company, including the relocation of the listing from Oslo to the New York Stock Exchange (NYSE).
On Friday shares of Wal-Mart Stores Inc. (NYSE:WMT) closed at $79.24. Company’s sales growth for last 5 years was 3.50% and EPS growth for next 5 years is recorded as 4.68%. Wal-Mart Stores Inc. (NYSE:WMT) is rolling out an unlimited shipping service that could undercut Amazon Prime. Walmart said it will test a subscription delivery service this summer for $50 a year, roughly half the price of Amazon Prime, with its annual fee of $99. The discount chain said the products would arrive within three days. Walmart spokesman Ravi Jariwala said his company will be unveiling a “limited” service for customers who can participate “by invitation only.”