Market Update: Google & Hertz Among Mid-Day Movers, Germany Votes In Favor Of Greece Bailout And More

The German Parliament on Friday voted in favor of the three-year Greek bailout terms, according to The Wall Street Journal. Chancellor Merkel will still have to call upon the the Parliament once more to ratify the deal of up to 86 billion euros.

Moving on to the Middle East, the president of Iran, Hassan Rouhani tried to persuade his people that the nuclear deal will benefit his economy. He specified the benefits of the lifting sanctions on Iran and how it will advance Iran’s food and aviation industries; but some of his domestic audience yet remains pessimistic.

Moving on the the U.S., the Dow Jones Industrial Index was down about a half of a percentage, S&P 500 Index declined roughly 0.16 percent, and NASDAQ broke records yet again by teaching an all-time high. The NASDAQ Composite is up nearly a half of a percentage.

The following are the top movers for Friday’s session.

WINNERS

InterCloud Systems Inc ICLD soared 23 percent after the IT company was awarded more than $2.3 million in next-gen WIFI and DAS networks from new and existing clients, according to Briefing.

Hertz Global Holdings Inc HTZ spiked 21 percent, most in the past five years, after the company stated it has concluded an era of weak financial oversight; it is assured to revive the brand’s strength once again, according to Bloomberg.

Google Inc GOOG and GOOGL spiked nearly 16 percent, hitting all-time highs, after the tech giant beat earnings estimates; Q2 revenues were $17.75 billion versus the estimated $17.75 billion, EPS was $6.99 versus projected $6.71.

Allscripts Healthcare Solutions Inc MDRX was up 11 percent after the IT provider reported a Q2 earnings beat; Sales were $350-$353 million versus expected $348 million, EPS was $0.12, up 33 percent year-over-year.

Recro Pharma Inc REPH shot up 6 percent after the pharmaceutical company reported positive top-line results for Phase II Clinical Trial of Dex-IN.

LOSERS

SolarWinds Inc SWI dwindled 24 percent after the holding company reported disappointing Q2 results. EPS was better than expected, but sales were $119.1 million versus expected $120.6-$123.8 million.

Redhill Biopharma Ltd RDHL shot down nearly 11 percent after the biopharmaceutical company priced its upsized offering of 2.462 million American Depositary Shares at $16.25 per share.

TrovaGene Inc TROV was down 10 percent after the company priced 4 million shares of common stock at $8.75 per share.

Posted In: NewsIntraday UpdateMovers
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