Diamonds and Dogs
12/17/14Volcano Corporation (VOLC)
Volcano Corporation is exploding today, up 55.18% to $17.83. The precision guided therapy tool company saw its shares jump after news it would be acquired by Royal Phillips NV for $1 billion. "Volcano's impressive and unique product portfolio is highly complementary to our strong offering in live image- guidance solutions, creating an opportunity to accelerate the revenue growth for our image-guided therapy business to a high single-digit rate by 2017," said Royal Philips CEO Frans van Houten. Shares of Volcano were up over $6.00 today but are still off of their 52-week high of $24.62.
Ruby Tuesday Inc. (RT)
Ruby Tuesday is not looking like a gem today, down 16.13% to $6.81. The casual dining chain saw its shares fall after worse than expect earnings. For the second quarter, Ruby Tuesday announced it sales were down 1.0%, and guest count was down 1.3%. Both numbers hurt Ruby Tuesday's bottom line and to make matters worse, management forecast from October 8th was for an increase in sales of 1-2%. Shares of Ruby Tuesday fell over $1.30 today but managed to hold above their 52-week low of $5.14.