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EPAM Systems Inc. (NYSE: EPAM) shares spiked 10.55 percent to close at $36.37 a share Tuesday. The stock traded between $32.74 and $36.56 on volume 1.48 million shares traded. The company last month announced that it had acquired Netsoft USA, Inc., an IT solutions provider to Healthcare and Health Insurance companies. Shares of EPAM Systems are up approximately 4.0 percent year-to-date.
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Essex Property Trust Inc. (NYSE: ESS) shares gained 2.32 percent to close at $174.00 a share Tuesday. The stock traded between $170.05 and $174.00 on volume of 18.95 million shares traded. At the close of trading on April 1st, the company replaced Cliffs Natural Resources Inc. in the S&P 500 Index. Shares of Essex Property Trust are up approximately 21.0 percent year-to-date.
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The Medicines Company (NASDAQ: MDCO) shares dropped 15.48 percent to close at $24.02 a share Tuesday. The stock traded between $23.53 and $24.69 on volume of 8.97 million shares traded. Judge Andrews in the U.S. District Court of Delaware ruled that the company failed to prove Hospira had infringed on its patents. Shares of The Medicines Company are down approximately 38.0 percent year-to-date.
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McDermott International (NYSE: MDR) shares fell 10.10 percent to close at $7.03 a share Tuesday. The stock traded between $7.01 and $7.61 on volume 37.19 million shares traded. The company announced the pricing of a public offering of 10.0 million tangible equity units at $25.00 per unit. Shares of McDermott International are down approximately 23.0 percent year-to-date.
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www.FiveStarEquities.com/MDR
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