Stocks To Eyes On: VelocityShares Daily Inverse VIX Short Term ETN (NYSEARCA:XIV), CSX Corporation(NYSE:CSX), Ruckus Wireless Inc (NYSE:RKUS), Perrigo Company (NYSE:PRGO)
VelocityShares Daily Inverse VIX Short Term ETN (NYSEARCA:XIV) shares jumped 2.37% and closed at $28.55 in the last trading session. The 52 week trading range for the company is $12.94 – $28.61. The shares of the company gained 36% in the last six months.
CSX Corporation(NYSE:CSX) shares gained 2.40% to $26.05. The company on July 16 said that rate increases and a small improvement in the volume of products the railroad hauled helped it deliver 4 percent profit growth even though coal shipments remained down. The company said it generated $535 million net income, or 52 cents per share, during the quarter on $3.07 billion revenue. That’s up from $512 million, or 49 cents per share, on $3.01 billion revenue last year. The results beat the 47 cents per share profit and $3.02 billion revenue that analysts surveyed by FactSet expected.
Ruckus Wireless Inc (NYSE:RKUS) shares climbed 2.38% to $15.05. The company on July 31 announced financial results for its second quarter of 2013 ended June 30, 2013. Revenue for the second quarter of 2013 was $63.9 million, an increase of 30.6% from the second quarter of 2012. GAAP net income for the second quarter of 2013 was $0.7 million, compared with GAAP net income of $20.6 million in the second quarter of 2012. Non-GAAP net income for the second quarter of 2013 was $4.7 million, compared with non-GAAP net income of $23.2 million in the second quarter of 2012.
Perrigo Company (NYSE:PRGO) stock gained 2.38% to $128.39. The company on July 29 agreed to buy Irish drug company Elan Corp. (ELN) for $8.6 billion, gaining a low-tax base for international expansion.
Additionally, the company announced that it it will release financial results for its fourth quarter and fiscal year 2013 and will provide ‘standalone’ Perrigo guidance for fiscal year 2014 on Thursday, August 15, 2013, at approximately 8:00 a.m. (ET). The Company will conduct a conference call at 10:00 a.m. (ET) hosted by Joseph C. Papa, Perrigo’s Chairman, President and Chief Executive Officer.