Office Depot Offers Disappointing Outlook; InterMune Soars 170% to Record High on Phase 3 Test Results

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02/26/2014 [ACCESSWIRE]

Office Depot, Inc. (NYSE: ODP) – For an in-depth report on Office Depot, Inc. Incorporated follow:

Shares of Office Depot closed down 8.79% on Tuesday, making the stock one of the biggest decliners on the NYSE. The stock traded a little over 40 million shares. The losses came after the company’s quarterly results and outlook disappointed Wall Street. Office Depot cautioned in a statement. "The expense deleverage from lower sales is expected to offset some of the merger synergies and operating improvements anticipated during the year." Given the strong competitive and operational headwinds continuing to work against Office Depot, average investors would do well to remain on the sidelines.

InterMune Inc. (NASDAQ: ITMN) – For an in-depth report on InterMune Inc. follow:

InterMune exploded on Tuesday to close up over 170% and even hit a new high of $38.73 during intra-day trading. The stock soared after the company announced positive Phase 3 test results for a lung-disease treatment that had been rejected by the U.S. Food and Drug Administration, and it planned to refile an application with regulators in the third quarter.

Frontier Communications Corporation (NASDAQ: FTR) – For an in-depth report on Frontier Communications Corporation follow:

Frontier Communications Corp. closed up 10.68% on Tuesday with about 37 million shares traded. The stock was one of the biggest gainers on the NASDAQ and hit a new 52-week high of $5.15 during intra-day trading. The big gains came after the company reported its fourth-quarter results that went past analysts' expectations. The company reported non-GAAP earnings per share of 7 cents on sales of $1.2 billion. This marked a one-cent EPS increase and flat revenue year over year.Mentor Capital, Inc. (OTC: MNTR) - For an in-depth report on Mentor Capital, Inc. follow:

Shares of MNTR closed up 22.71% on Tuesday with about 850,000 shares traded. The stock was a leading winner in the OTC market and even hit a new 52-week high of $4.50 during intra-day trading. The company announced that BuyIns.Net has uncovered that Shorts have sold 5.5 Million of the 2.2 Million (sic.) Mentor Capital, Inc. shares in the float and available to trade. In response to this situation, Mentor Capital Inc.'s CEO, Chet Billingsley comments, "For 2014 we retained BuyIns.Net, who monitors all stock trades for illegal short selling activity, soon after 50% of our float suspiciously traded in two hours."


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