Yahoo! May be on Verge of Producing Comedy Sitcoms; MGM Falls on Drop in April Macau Revenue


Follow this company

Companies Mentioned

NYSE:MGM / NYSE:CIEN / OTC:BB:RCHA
04/08/2014 [ACCESSWIRE]

MGM Resorts International (NYSE: MGM) – For an in-depth report on MGM Resorts International follow: www.BullTrends.com/stockquote/MGM

MGM Resorts International closed down 5.94% on about 21.7 million shares traded. The drop came after it was revealed that early April revenue is down in Macau. Based on channel checks by Wells Fargo average daily revenue at Macau casinos dropped between 17% and 21% to between MOP 900 million and MOP 950 million from MOP 1.14 billion in March. The lower revenue is likely a result of "inclement weather."

Yahoo! Inc. (NASDAQ: YHOO) - For an in-depth report on Yahoo! Inc. follow: www.BullTrends.com/stockquote/YHOO

Shares of YHOO closed down 3.74% on about 47.7 million shares traded. The modest drop happened despite the fact that the company is said to be on the verge of placing orders for four “10-episode, half-hour comedies with per-episode budgets ranging from $700,000 to a few million dollars.” This is according to The Wall Street Journal.

Rich Pharmaceuticals, Inc. (OTCBB: RCHA) - For an in-depth report on Rich Pharmaceuticals, Inc. follow: www.BullTrends.com/stockquote/RCHA

Shares of RCHA closed up 53.27% on about 3.1 million shares traded. The stock was one of the biggest gainers in the OTCBB marketplace and hit a new high of $0.455 during intra-day trading. The company had no news released to explain the significant outbreak.

Ciena Corporation (NYSE: CIEN) - For an in-depth report on Ciena Corporation follow: www.BullTrends.com/stockquote/CIEN

Shares of CIEN closed down 6.15% on nearly 12 million shares traded. The stock began to fall after the company announced that they expect operations margin for 2014 to fall to the low side of its previously stated guidance of 7%-10%. The stock was also recently downgraded to "sector perform" from "buy" at RBC Capital.

 

Disclosure: BullTrends.com is not a registered investment advisor and nothing contained in any materials should be construed as a recommendation to buy or sell securities. Investors should always conduct their own due diligence with any potential investment. Please read our report and visit our website, for complete risks and disclosures.

COMMENTS

Leave a comment...
 * 

Your Name
 *