Options Trading News

Assets Valued at $725 Million

Harvest Natural Resources announced it would sell its oil-drilling assets in Venezuela for $725 million. That removes a major cloud of uncertainty over the company, which had a market cap of less than $200 million yesterday. HNR soars more than 80 percent before the bell on my tradeMONSTER platform. 

Ryder Sees Weak Demand, Higher Costs

Ryder System cut its guidance amid weak rental demand, and as costs increase. Second-quarter profit will be just $0.90 to $0.95, down from an earlier estimate of $1.07 to $1.12. Full-year results are expected to be no more than $3.85, compared with a previous range of $4.02 to $4.12. R drops 7 percent in the premarket.

NPS Pharma Reports Good News From Europe

NPS Pharmaceuticals announced that the European Medicines Agency has recommended marketing approval for its teduglutide intestinal drug. NPSP advances 9 percent on the news.

Associated Estates Announces Big Capital Raising

Associated Estates Realty announced it would sell 5.5 million shares, more than 10 percent of its current capital outstanding. AEC is 3 percent lower on my tradeMONSTER platform in early activity.