Orlando, FL -- (SBWIRE) -- 10/15/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), Micron Technology, Inc. (NASDAQ:MU).
Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) shares dropped 1.41% to $4.20. The company on Oct. 9 announced results of its review of updated clinical data from the pivotal PACE trial of Iclusig® (ponatinib) and actions that it is taking following consultations with the U.S. Food and Drug Administration (FDA). With a median follow up of 24 months, serious arterial thrombosis occurred in 11.8% of Iclusig-treated patients: cardiovascular events 6.2%, cerebrovascular events 4.0% and peripheral vascular events 3.6% (some patients had more than one type of event). This compares to 8.0% after 11 months of follow up reflected in the current U.S. prescribing information. At 24 months, serious venous occlusion occurred in 2.9% of Iclusig-treated patients, compared to 2.2% in the current U.S. prescribing information.
Are investors worried about the recent updates with ARIA? Find out with a free trend analysis HERE
Micron Technology, Inc. (NASDAQ:MU) shares gained 1.37% to $17.07. The company on Oct. 10 said it swung to a quarterly profit, aided by one-time gains from its acquisition of Elpida Memory. The company reported a fiscal fourth-quarter profit of $1.71 billion, or $1.51 a share, compared with a loss of $243 million, or 24 cents a share, for the year-earlier period. Revenue rose to $2.84 billion from $1.96 billion. Analysts on average expected Micron to report a profit of 24 cents a share, on revenue of $2.7 billion.
Additionally, MU’s stock has been upgraded by TheStreet Ratings from hold to buy on Oct. 14. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, attractive valuation levels, expanding profit margins and good cash flow from operations.
Is MU going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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