Stocks on the Move: New Research on Linn Energy, Cempra, CytoSorbents, Paragon and SouFun
Editor Note: For more information about this release, please scroll to bottom.
NEW YORK, January 5, 2015 /PRNewswire/ --
Moments ago, Analysts Review released new research updates concerning several important developing situations including Linn Energy (NASDAQ: LINE), Cempra (NASDAQ: CEMP), CytoSorbents (NASDAQ: CTSO), Paragon (NYSE: PGN), and SouFun (NYSE: SFUN). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
LINE Research Report: ( http://get.analystsreview.com/pdf/?c=Linn%20Energy&d=05-Jan-2015&s=LINE ),
CEMP Research Report: ( http://get.analystsreview.com/pdf/?c=Cempra&d=05-Jan-2015&s=CEMP ),
CTSO Research Report: ( http://get.analystsreview.com/pdf/?c=CytoSorbents&d=05-Jan-2015&s=CTSO ),
PGN Research Report: ( http://get.analystsreview.com/pdf/?c=Paragon&d=05-Jan-2015&s=PGN ),
SFUN Research Report: ( http://get.analystsreview.com/pdf/?c=SouFun&d=05-Jan-2015&s=SFUN ).
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Analyst Update: Capex Updates, Positive Topline Results, Regulatory Filing, and Share Repurchases
Reviewed by: Rohit Tuli, CFA®
The US stock market ended Friday's session on a mixed note, following disappointing US manufacturing and construction reports. The Institute for Supply Management manufacturing index declined to 55.5% in December 2014, from 58.7% in November 2014, partly due to labor problems at key West Coast ports. In addition, the US construction spending fell 0.3% in November 2014. The three main US indexes snapped their two-week winning streak. The Dow Jones Industrial Average moved up 0.06%, S&P 500 declined 0.03%, and Nasdaq Composite weakened 0.20% during the session. The European stock market closed mainly in red after eurozone manufacturing data for December 2014 fell short of expectations. The European stock market started the session on a positive note after European Central Bank President Mario Draghi hinted the bank is moving closer to launching a full-scale quantitative-easing program. The Asian markets ended their first trading session of 2015 on a positive note on low trading volume with the region's two largest markets shut for holidays.
Linn Energy, LLC (Linn Energy) announced that its Board of Directors has approved a 2015 budget which includes a 53% reduction in oil and natural gas capital expenditures to $730 million from approximately $1.55 billion in 2014. Linn Energy and its affiliate LinnCo., LLC (LinnCo) also slashed the dividend payout by 56.9% to $1.25 per share on an annualized basis. Visit our exclusive research report to know more about this development.
Cempra Inc. (Cempra) announced positive topline results from Phase 3 clinical trial of solithromycin oral capsules (Solitaire-Oral) in the treatment of patients with community acquired bacterial pneumonia (CABP). Cempra's solithromycin met the primary and secondary objectives of non-inferiority compared to moxifloxacin. Know more about Cempra's topline results from Phase 3 clinical trial of solithromycin in our research report.
CytoSorbents Corp. (CytoSorbents) announced that it has sought U.S. Food and Drug Administration's (FDA) approval to conduct its proposed clinical trial using CytoSorb intra-operatively in patients undergoing complex cardiac surgery requiring the use of a heart-lung machine. Click on our comprehensive research report to know more about CytoSorbents, with detailed overview of the Company's CytoSorb treatment.
Paragon Offshore PLC (Paragon) announced that it repurchased an aggregate principal amount of $25.2 million of its senior unsecured notes in December 2014 at an aggregate cost of $15.3 million including accrued interest. This was in addition to previously announced repurchases which included an aggregate principal amount of $10 million purchased during the early Q4 2014. Read more about Paragon's latest repurchases in our comprehensive research report.
Shares of the China-based online real estate portal SouFun Holdings Ltd. (SouFun) surged over 12% on Friday, January 2, after Beijing city government announced measures to stimulate the housing market, raising the cap for housing public accumulation fund loans. Know more about the development in our detailed research report.
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About Analysts Review
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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