Apollo Education Sinks on Disappointing Earnings; Rubicon Project Makes Grand Debut on NYSE


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NYSE:RUBI / NASDAQ:APOL / NASDAQ:ARIA / OTC:BB:KRED
04/03/2014 [ACCESSWIRE]

The Rubicon Project, Inc. (NYSE: RUBI) – For an in-depth report on the Rubicon Project, Inc. follow: www.BullTrends.com/stockquote/RUBI

RUBI shares closed up 33.93% on about 8.5 million shares traded. The stock was one of the biggest gainers on the NYSE. The company priced its IPO at 15 late Tuesday. RUBI sold 5.4 million shares, raising about $81 million. Insider shareholders sold another 1.4 million shares for about $21 million, the company said in press release.

Apollo Education Group, Inc. (NASDAQ: APOL) - For an in-depth report on Apollo Education Group, Inc. follow: www.BullTrends.com/stockquote/APOL

Shares of Apollo Education Group closed up 8.82% on nearly 11 million shares traded. The stock was one of the biggest decliners on the NASDAQ. The drop came after the company released a disappointing earnings report. Apollo topped estimates on the bottom line and had a profit of $0.28 per share which was better than estimates of $0.19. Sales however came up short as revenue fell 18.6% to $679.1 million. Analysts were expecting revenue of $689 million.

Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) - For an in-depth report on Ariad Pharmaceuticals Inc. follow: www.BullTrends.com/stockquote/ARIA

Shares of Aria closed down 5.40% on nearly 15 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company announced the appointment of Hugh M. Cole to the position of senior vice president and chief business officer. Mr. Cole will be responsible for global business and corporate development, licensing and strategic planning. He will report to ARIAD’s chairman and chief executive officer, Harvey J. Berger, M.D.

KonaRed Corporation (OTCBB: KRED) – For an in-depth report on KonaRed Corporation follow: www.BullTrends.com/stockquote/KRED

Shares of KRED closed up 2.11% on about 900,000 shares traded. The stock was one of the most active stocks in the OTCBB market. The company, through its partnership with Splash Beverage Group and its Nevada distributor, Southern Wine & Spirits; announced that more than 20 Speedee Marts throughout Nevada have begun carrying 10.5oz KonaRed Original and KonaRed Green Tea. Speedee Mart is one of the leading convenient stores in the country. The announcement was made today by Mr. Shaun Roberts, CEO of KonaRed Corporation. 

 

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