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Market Overview

Mid-Day Market Update: Petmed Express Climbs On Earnings Beat; DBV Technologies Shares Plunge


Midway through trading Monday, the Dow traded up 0.14 percent to 23,360.45 while the NASDAQ declined 0.19 percent to 6,616.69. The S&P also rose, gaining 0.02 percent to 2,575.76.

Leading and Lagging Sectors

On Monday, the healthcare shares surged 0.41 percent. Meanwhile, top gainers in the sector included Exactech, Inc. (NASDAQ: EXAC), up 31 percent, and Invacare Corporation (NYSE: IVC), up 4 percent.

In trading on Monday, telecommunications services shares fell 0.24 percent. Meanwhile, top losers in the sector included IDT Corporation (NYSE: IDT), down 3 percent, and TIM Participacoes SA (ADR) (NYSE: TSU) down 2 percent.

Top Headline

Halliburton Company (NYSE: HAL) reported stronger-than-expected profit for its third quarter on Monday.

Halliburton posted quarterly adjusted earnings of $0.42 per share on revenue of $5.44 billion. However, analysts expected earnings of $0.37 per share on revenue of $5.35 billion.

Equities Trading UP

Petmed Express Inc (NASDAQ: PETS) shares shot up 23 percent to $45.17 as the company reported better-than-expected Q2 results.

Shares of Aimmune Therapeutics Inc (NASDAQ: AIMT) got a boost, shooting up 30 percent to $33.39 in response to failed DBVT peanut allergy trial.

Exactech, Inc. (NASDAQ: EXAC) shares were also up, gaining 31 percent to $41.90 after the company agreed to be acquired by TPG Capital for $42 per share in cash.

Equities Trading DOWN

DBV Technologies SA - ADR (NASDAQ: DBVT) shares dropped 46 percent to $25.95 after the company disclosed that its peanut allergy trial failed to meet primary endpoint.

Shares of Connecture Inc (NASDAQ: CNXR) were down 47 percent to $0.260. Connecture reported that it will voluntarily delist from the NASDAQ for OTCQX Market.

Walter Investment Management Corp (NYSE: WAC) was down, falling around 16 percent to $0.435. On Friday, Walter Investment Management disclosed that it has reached an agreement with term lenders and senior noteholders on financial restructuring.


In commodity news, oil traded up 0.46 percent to $52.08 while gold traded down 0.35 percent to $1,276.00.

Silver traded down 0.84 percent Monday to $16.935, while copper rose 0.36 percent to $3.177.


European shares were mostly higher today. The eurozone’s STOXX 600 climbed 0.25 percent, the Spanish Ibex Index fell 0.46 percent, while Italy’s FTSE MIB Index surged 0.28 percent. Meanwhile the German DAX gained 0.13 percent, and the French CAC 40 climbed 0.50 percent while U.K. shares rose 0.06 percent.


The Chicago Fed National Activity Index rose to a reading of +0.17 in September, compared to -0.37 in August.


Related Articles (CNXR + AIMT)

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