Today's stocks to watch in the news include eBay Inc (EBAY), Novogen Limited (ADR) (NVGN), and Stericycle Inc (SRCL)
Greek bailout mania continues, with stocks higher following last night's vote from Greece's parliament. In company news, today's stocks to watch include online auction marketplace eBay Inc (NASDAQ:EBAY), biotech concern Novogen Limited (ADR) (NASDAQ:NVGN), and healthcare solutions provider Stericycle Inc (NASDAQ:SRCL).
- EBAY reported stronger-than-expected quarterly revenue and said it's selling its enterprise business.This is eBay Inc's final earnings report before tomorrow's expected split with its PayPal division. At last check, the stock was up 4% at $66, and just notched a record best of $66.65. Despite a solid technical performance, analysts are bearishly oriented. Fifteen of the 26 analysts tracking the firm rate it a "hold" or worse, leaving plenty of room for post-earnings upgrades.
- Australian biotech firm NVGN is 7% higher at $5.17, after the U.S. Food and Drug Administration (FDA) granted its Anisina Orphan Drug Designation. Technically speaking, shares of Novogen Limited (ADR) were caught in a bit of a rut before today, consolidating in the $4-$5 area. However, the equity is now on pace to topple its 10-week moving average for the first time since mid-May, and remains almost 150% higher year-to-date.
- Finally, SRCL announced after the closing bell sounded yesterday that it is acquiring privately held paper shredder Shred-It International. The price tag for the acquisition comes in at $2.3 billion in cash. Stericycle Inc expects to add at least 10% to per-share earnings by 2016 thanks to the deal. SRCL is up 3.3% at $138.98, and a short-covering situation could add fuel to the equity's fire. Short interest represents more than seven sessions' worth of pent-up buying demand, at the stock's average pace of trading.
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