Diamonds and Dogs
2/17/15
Waste Management Inc. (WM)
Waste Management is trading in the green today, up 5.17% to $53.94. The waste removal company saw its shares rally after better than expected earnings and 2015 guidance. For the quarter the company posted earnings of $0.67 per share, higher than the $0.60 per share analysts expected. Waste Management now expects earnings in 2015 to be in the range of $2.48 to $2.55 per share, compared to the consensus estimate of $2.48 per share Shares of Waste Management climbed $2.65 today to a new 52-week high of $54.49 intraday.
Vascular Biogenics Ltd. (VBLT)
Vascular Biogenics is getting demolished today, down 65.49% to $4.87. The clinical stage biopharmaceutical saw its shares fall after news from its phase 2 study. Management announced that Lecinoxoid compound VB-201 in patients with psoriasis and ulcerative colitis did not meet their primary endpoints. The Company does not plan to continue development of VB-201 in these indications. Shares of Vascular Biogenics fell over $9.20 today and nearly broke through their 52-week low of $4.65.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.