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Options Trading News

June 4, 2013  Tue 7:44 AM CT

DG: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Sales Outlooks Trimmed

Dollar General's results were mixed, with profit matching expectations but sales weak. The real news, however, was the outlook. Management now sees full-year profit of $3.15 to $3.22 a share, versus an earlier range of $3.15 to $3.30. The top end of the sales guidance was also trimmed from 12 percent to 11 percent. DG falls 6 percent before the opening bell on my tradeMONSTER platform.

Piper Says Infiniti Pharma Too Cheap

Infiniti Pharmaceuticals peaked above $50 in March and April, but lost fell all the way to $16.41 yesterday. Now Piper Jaffray is stepping in and calling the company "too cheap to ignore." Its $50 price target and "overweight" rating were maintained. INFI rises 9 percent in the premarket.

Deal Talk Lifts Morgan Hotel

Morgan Hotel said its slate of nominated directors intends to begin a process of selling the company. The move follows unsolicited interest in the firm, and shareholders will vote on the directors at a the annual meeting on June 14. MHGC surges 16 percent before the opening bell.

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