Diamonds and Dogs
12/17/14
Volcano Corporation (VOLC)Volcano Corporation is exploding today, up 55.18% to $17.83. The precision guided therapy tool company saw its shares jump after news it would be acquired by Royal Phillips NV for $1 billion. "Volcano's impressive and unique product portfolio is highly complementary to our strong offering in live image- guidance solutions, creating an opportunity to accelerate the revenue growth for our image-guided therapy business to a high single-digit rate by 2017," said Royal Philips CEO Frans van Houten. Shares of Volcano were up over $6.00 today but are still off of their 52-week high of $24.62.
Ruby Tuesday Inc. (RT)
Ruby Tuesday is not looking like a gem today, down 16.13% to $6.81. The casual dining chain saw its shares fall after worse than expect earnings. For the second quarter, Ruby Tuesday announced it sales were down 1.0%, and guest count was down 1.3%. Both numbers hurt Ruby Tuesday's bottom line and to make matters worse, management forecast from October 8th was for an increase in sales of 1-2%. Shares of Ruby Tuesday fell over $1.30 today but managed to hold above their 52-week low of $5.14.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.