Diamonds and Dogs
July 13, 2010
DiamondVivus, Inc. (VVUS)
Vivus' shares have been one of the most active NASDAQ-traded stocked today. Their stock had jumped after a briefing was sent to the Food and Drug Administration that stated that according to researchers their diet-drug is an effective weight-loss agent. Vivus' new weight-loss pill, Qnexa, is now under review of the FDA and the decision from the committee will be made on Thursday of this week. Nevertheless Vivus stock, along with other biotech companies, has risen. Vivus stock has jumped 13.3% or $1.42 to 12.07 a share.
Dog
Del Monte Foods Co. (DLM)
Del Monte shares dropped due to their cutting of their fiscal sales outlook for their plans of increasing promotional spending for their packaged fruits and vegetables. This promotion spending comes as a result of the competitive nature of the industry and customers continually looking for deals in grocery stores. Their plans are designed to increase their sales from 2% to 4%. DLM stock has dropped around 3% or $0.45 to about $14.24 a share.
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