Diamonds and Dogs
Shiloh Industries Inc. (SHLO)
Shiloh Industries is trading in the green today, up 25.58% to $12.52. The light weighting, as well as noise, vibration, and harshness solutions to automotive, commercial vehicle company saw its shares spike after reporting a second quarter profit. For the quarter, Shiloh management announced revenue of $280.4 million and a profit of $0.42 per share. Net income for the quarter came in at $7.2 million. The better than expected quarter helped Shiloh shares rally over $2.50 but shares are still off of their 52-week high of $19.57.
Opko Health Inc. (OPK)
Opko Health is getting hurt today, down 15.19% to $16.22. The biopharmaceutical and diagnostic company saw its shares fall after announcing they would buy Bio-Reference Labs for $1.47 billion. As part of the all-stock deal, Bio-Reference shareholders will get 2.75 shares of Opko for every share they own. The deal is getting a cold reception today, causing investors to run to the sideline. Shares of Opko dropped nearly $3.00 today but never came close to their 52-week low of $8.02.
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