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Red Hat, Inc. (NYSE: RHT) shares closed up 14.49 percent on a little over 15 million shares traded. The stock was one of the most active stocks in the NYSE and hit a new 52-week high of $58.71. The company posted better-than-expected earnings results and forward guidance. Quarterly revenue rose 15% year over year to $397 million, including a 17% gain in subscription revenue to $343 million. This translated to non-generally accepted accounting principles net income of $81 million, or a 45% increase to $0.42 per diluted share. Analysts expected adjusted earnings of just $0.35 per share on sales of $383.13 million.
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BlackBerry Limited (NASDAQ: BBRY) shares closed up 15.52 percent on Friday with nearly 140 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company reported a massive $4.4-billion loss in its fiscal third quarter and a 56% drop in revenue in its first quarterly report under new Chairman and Chief Executive John Chen. Chen said on a conference call with analysts Friday that BlackBerry "has a really good shot" of turning a profit in 2016 and management will try its best to achieve the goal.
Get more information on BlackBerry Limited and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/BBRY
Tiger Oil and Energy, Inc. (OTC: TGRO) shares closed up 24.79 percent on about 8 million shares traded. The stock was one of the most active stocks in the OTC market trading over 8 million shares. The stock even hit a new 52-week high of $1.08 during intra-day trading. The company announced that it has secured a commitment from a nonrelated source for the $600,000 required to proceed with drilling plans for the Cowley County KS in partnership with TOTO Energy LLC. Tiger will earn a 30% working interest and a 24.45% Net Royalty Interest in the wells drilled and fracked.
Get more information on Tiger Oil and Energy, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/TGRO
22nd Century Group, Inc. (OTCBB: XXII) shares closed up 12.57 percent on Friday with about 900,000 shares traded. The stock was one of the most active stocks in the OTCBB market and hit a new 52-week high of $1.88 during intra-day trading. On December 16th, the company announced that the Company’s warrant exchange, which concluded last Thursday, was a huge success greatly exceeding management’s expectations. The warrant exchange reduced 22nd Century Group’s “derivative warrant liability” by 93 percent and generated gross proceeds of approximately $3.6 million for the Company.
Get more information on 22nd Century Group, Inc. and free access to the in-depth equity report at: www.TrendingWallStreet.com/stockquote/XXII
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