Yahoo Finance Apple grows, Kohl's stalls and Puma Biotech tumbles
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Apple
The worlds largest company by market cap just got a little bigger. Shares of Apple (AAPL) popped 1% on Thursday after UBS said iPhone sales should continue to smash records. In a new research note, analysts said in the second quarter Apple will sell about 51 million units, that's much more than the consensus Street estimates of 45 million. UBS cited strong demand in China as one of the catalysts behind the gains.
Kohl’s
'No sale' for Kohl's (KSS). Investors sent shares 11% lower after Kohl's missed same-store sales for the first quarter. The department store giant blamed the cold winter for sales rising just 1.4%, which was much less than analysts' expectations of 2.6%.
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Puma Biotech
Shares of Puma Biotech (PBYI) are running but in the wrong direction. The stock tumbled nearly 20% today after lackluster drug results sent investors running for cover. Specifically, research showed that although one of its new drugs suppressed breast cancer, it didn’t suppress it for all that long – less than 3 months. As is so often the case with drug developers, their stocks rise and fall based on treatments in the pipeline.
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