BlackBerry (BBRY) is getting crushed again. It's down another 5% this morning after losing more than 27% on Friday. You probably know what prompted the selloff: A quarterly report that showed a loss of 13-cents a share when analysts were expecting a profit of 6-cents. A one-month chartlooks like an illustration of the fiscal cliff with shares down 25% in June. The good news: if you've been holding these shares a year, they're still up 40%. The trouble right now is disappointing shipments of BlackBerry's newest smartphones which run on its "10" operating system. Many have called these phones the last chance for the company to avoid the same fate as Palm.
Next up is Onyx Pharmaceuticals (ONXX) which is currently up 51% in early trading. The company put itself up for sale on Sunday after having rejected an unsolicited $10 billion takeover bid by Amgen (AMGN). Onyx is a San Francisco based maker of cancer drugs. Over the weekend it said Amgen put up a bid to buy shares at 120-bucks a pop, a 38% premium over Friday's close. Still, the company says the offer is too low. Prior to the rise we're seeing this morning, shares were up about 12% year-to-date. They hit an all-time high just above $101 in April, a selling price being shattered right now.
Now we look at phone-maker Nokia (NOK), which is up 7% this morning. Nokia has announced it's buying out Siemens stake in a telecom equipment joint venture which the companies formed six years ago. The entity is known as Nokia Siemens Networks or NSN. Its profitability has spiked in the past year on growing demand for mobile broadband infrastructure. Prior to this morning shares of Nokia were down 9-% year-to-date.
Finally, there's 21st Century Fox (FOXA), the News Corp (NWSA) spinoff that begins trading today. The new company includes the movie and TV divisions of Rupert Murdoch's empire. Their separation from News Corp's publishing division is designed to help that part of the business mount a turnaround. Shares of News Corp prior to the split on Friday were up 22% so far this year.
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