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Shares of Sanofi SA (NYSE:SNY) were the recipient of a large drop in short interest during the month of July. As of July 31st, there was short interest totalling 1,218,694 shares, a drop of 47.8% from the July 15th total of 2,332,702 shares, American Banking and Market News reports. Based on an average trading volume of 956,135 shares, the...
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The biotech roller-coaster continues for investors into 2014 with small cap Chelsea Therapeutics International Ltd (NASDAQ: CHTP) set to more than double when the market opens today, meaning its time to take a closer look at what in the world is going on with the stocks plus take a closer look at the performance of biotech peers like the iShares...
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After yesterday’s close, Cliffs Natural Resources (CLF) said that it would cut capital spending by $100 million in 2014, its remedy for continued weakness in iron and coal. Wells Fargo’s Sam Dubinsky says Cliffs’ management is “doing the best it can” but that “pain is inevitable.” He explains why: While we think the new CEO is doing a...
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The Motley Fool’s Market Checkup drills down on the hottest headlines and biggest market movers in the health-care sector. This episode — featuring a special guest appearance by Dan Caplinger, The Motley Fool’s director of investment planning — highlights a biotech stock that popped 40%, gives a full examination of the Affordable Care...
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