4 Stocks Trending On Social Media This Monday
iSentium is a company that tracks sentiment on Twitter and enables users to sift through Tweets with ease. The application plots sentiment over a price chart and helps to identify changes that may impact pricing trends. Each morning, the firm generates a Pre-Market report for end-users. Benzinga uses the application and is republishing their morning note with iSentium's blessing.
Stocks mentioned in this report include: Bristol-Myers Squibb Co (NYSE: BMY), Perrigo Company plc Ordinary Shares (NYSE: PRGO), SanDisk Corporation (NASDAQ: SNDK) and MWI Veterinary Supply, Inc. (NASDAQ: MWIV)
BMY (Bristol-Myers Squibb Company) – Yesterday evening, Bristol-Myers Squibb reported that its skin cancer drug Opdivo had achieved its primary endpoint in Phase III trials, improving the survival rate of cancer patients versus a control chemotherapy treatment. This morning, the pharmaceutical firm announced a collaboration with Seattle Genetics to test the drug on a wider range of ailments including lymphomas. Both pieces of news contributed to outsized tweet volumes this morning for BMY, with consistent positive sentiment generating a bullish iSENSE alert at 8:03AM. BMY was up almost 6 percent in pre- market trading.
PRGO (Perrigo Company Public Limited Company) – Perrigo Company, the healthcare and pharmaceutical firm, announced this morning a partnership with Ferrara Candy Company to manufacture and market a line of gummy products in US department stores and retailers. The $625 million deal represents an expansion of Perrigo’s product line into new nutritional categories, and the largest order in a year for Ferrara. The news produced significant positive sentiment and created a bullish iSENSE alert at 8:30AM, and PRGO was up in the pre-market.
SNDK (SanDisk Corp.) – After announcing a new line of solid-state drives at the Consumer Electronics Show last week, SanDisk Corp this morning lowered its estimate for fourth-quarter earnings and revised down its estimates on gross margins for the same period. SanDisk attributed the lower figures to recent weakness in retail sales and for its NAND storage chips. The revised estimates brought a surge of substantial negative sentiment this morning and created a bearish iSENSE alert at 8:09AM. SNDK was down almost 10 percent in the pre-market trading session.
MWIV (MWI Veterinary Supply, Inc.) – AmerisourceBergen, the $20 billion drug wholesaler, is acquiring animal healthcare firm MWI Veterinary Supply for $2.5 billion in a deal announced this morning. The cash deal prices MWIV shares at $190, roughly an 8 percent premium to the stock’s Friday closing price. The deal news created overwhelming positive sentiment for both firms, and for MWI generated a bullish iSENSE alert at 8:00AM. MWIV shares were up almost 8 percent in pre- market trading.
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