Buzzing Stocks: Discovery Communications Inc. (NASDAQ:DISCA), Nanosphere Inc. (NASDAQ:NSPH), Anadigics Inc. (NASDAQ:ANAD)
Dallas, Texas, 08/08/2014 (ustrademedia) – Discovery Communications Inc. (NASDAQ:DISCA) the nature-show channel which has world-wide appeal found itself on a downward share price track on Thursday trading session. The company stock lost value at the market, thanks to recent news that emerged via its SEC filing of insider selling. Retail investors and hedge funds managers took note of the insider activities and construed it as a sign of the heavy headwinds that the stock is likely to face in the near future. The immediate trigger in this case was the news which became public earlier this week that company insider David Leavy sold 7,850 shares, priced at an average of $83.60 per share, triggered the sell-off rush by other investors. At end of trading day, share prices of DISCA closed 50% lower at $40.97 continuing to lose in the after-trading hours as well.
Nanosphere, Inc. (NASDAQ:NSPH) Reacts To Drop In Guidance. Hits 52-Week Low
Nanosphere, Inc. (NASDAQ:NSPH) prices fell to 52-week low during trading this week. The price slide was pronounced after the firm drastically dropped its forecast for the full year 2014. It now has predicted revenue for the full year to come in at $14 million, as against the previous forecast of $19 million. It has also dropped the anticipated number of new customer placements to 175, from its previous 200 base line.
Anadigics, Inc. (NASDAQ:ANAD) Pares Down Losses In 2Q
New Jersey-based Wi-Fi and semiconductor solutions provider for cellular companies Anadigics, Inc. (NASDAQ:ANAD) reported net loss for the second quarter on Thursday but highlighted the narrowing-down of the loss during the same period. Company management is yet to provide guidance for the third quarter. However, analysts are forecasting the cellular wireless solutions provider to see further losses due to older businesses running into the third quarter. They remain positive on other factors, such as, improved cost structure, product mix and expect these to drive gross margin rise in the third quarter.