FuelCell Energy, Inc. (NASDAQ:FCEL) shares jumped 5.67% to $1.49. The company announced it will release its second quarter 2013 financial results after the Market Close on Wednesday, June 5, 2013. FuelCell Energy management will host a conference call with investors beginning at 10:00 a.m. Eastern Time on June 6, 2013 to discuss the second quarter 2013 results.
Microchip Technology Inc. (NASDAQ:MCHP) shares gained 2.42% to $37.73. The company, on June 4, announced the expansion of the USB2 Controller Hub (UCH2) portfolio it gained from the recent SMSC acquisition. The seven new UCH2 ICs across three families are the world’s first to provide programmability, enabling the developers of PCs and mobile devices to configure their designs without external memory. Additionally, these are Microchip’s first UCH2s to support both USB2 and USB High Speed Interchip (HSIC) connectivity, maximum battery life via low-power modes such as Link Power Management (LPM), and the ability to replace wall chargers with advanced battery charging modes, such as BC1.2, Apple®, SE1 and China charging. For applications that need to communicate over multiple protocols, these UCH2s feature direct I/O bridging to I2C™, SPI, UART and general-purpose I/O.
Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) shares dropped 14.35% to $3.88. RIGL and AstraZeneca AB (AZ) on June 4 announced the topline results from OSKIRA-2 and OSKIRA-3, the remaining pivotal Phase 3 clinical trials investigating fostamatinib, the first oral spleen tyrosine kinase (SYK) inhibitor in development for rheumatoid arthritis (RA).
Additionally, RIGL’s stock was downgraded by equities researchers at Piper Jaffray from an “overweight” rating to a “neutral” rating in a research report issued on June 4. They currently have a $9.00 price target on the stock, up from their previous price target of $6.00. Piper Jaffray’s target price indicates a potential upside of 98.68% from the company’s current price.
Dollar General Corp. (NYSE:DG) shares decreased 7.51% to $49.54. The company, on June 4, said its fiscal first-quarter profit rose 3.1% as same-store sales improved, though margins were down and the deep discounter lowered its guidance for the year.
For the quarter ended May 3, Dollar General reported a profit of $220.1 million, or 67 cents a share, up from $213.4 million, or 63 cents a share, a year earlier. Excluding items such as debt refinancing costs, earnings were 71 cents in the latest period. Sales rose 8.5% to $4.23 billion, and same-store sales increased 2.6%. Analysts had most recently forecast per-share earnings of 71 cents on revenue of $4.24 billion.