VIVUS Inc (NASDAQ:VVUS) down by 5.56%, Northstar Realty Finance Corp (NYSE:NRF)
Northern, WI 05/05/2013 (GDPInsider) – VIVUS Inc (NASDAQ:VVUS): There was a drop of 5.56% in VIVUS, Inc (NASDAQ:VVUS) shares in Friday’s trading session. The opening price of the shares was $13.30 which touched an intraday high of $13.34 and then dropped to $12.20. Over 2.83M shares were traded in Friday’s trading session which was higher than the average volume of 2.02M that was measured over the last 30 days.
Vivus is a biopharmaceutical company that is engaged in the development and commercialization of therapies to address needs that are unmet in sleep apnea, obesity, sexual health and diabetes. Very recently, its drug named Qysmia received approval from the U.S FDA and was launched in the American market. This drug is used in the treatment of adult obesity. Its shares dipped after the First Manhattan, its majority stock holder, filed preliminary proxy materials with the SEC. It is seeking to elect six directors to the VIVUS, Inc (NASDAQ:VVUS) board of directors at the annual meeting in 2013. The company stands far lower than it’s very recent 52-week high and is definitely a NASDAQ decliner’s list candidate.
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Northstar Realty Finance Corp (NYSE:NRF): There was a dip of 0.50% in Northstar Realty Finance Corp (NYSE:NRF) shares in Friday’s trading session. The opening price of the shares was $9.86 which touched an intraday high of $10.03 before dipping to $9.50. Friday’s trading session saw over 2.82M shares being traded which was a little above the average volume of 2.48M that was measured over the last 30 days.
Northstar posted a profit in its first quarter against the loss that was posted last year. This reflected an unrealized gain on its investments as opposed to last year’s loss. For the quarter, a net income of $36.62 million, attributable to its shareholders was posted in comparison to the $33.91 million loss last year. This excluded non-cash, fair-value adjustments. In addition to this, the company declared a $0.19 per share dividend that will be payable to shareholders who are on record as of 13 May. The ex-dividend date will be May 9.
Northstar Realty Finance Corp (NYSE:NRF) is real estate finance company that is internally managed. It is involved in origination, acquisition and management of portfolios of commercial real-estate securities, commercial real-estate debt as well as net lease properties.
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