Coach Inc. Falls on Sagging North American Sales; XOMA Corporation Upgraded by MLV & Co.


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NYSE:COH / NASDAQ:XOMA / NASDAQ:LMNX / OTC:BB:FNMA
04/30/2014 [ACCESSWIRE]

Coach, Inc. (NYSE: COH) – For an in-depth report on Coach, Inc. follow: www.BullTrends.com/stockquote/COH

Shares of Coach closed down nearly 10% on Tuesday with about 21.2 million shares traded. The stock was one of the biggest decliners on the NYSE and came a little over a dollar shy of hitting its yearly low. The big drop came after the company posted a big drop in its North American sales in its quarterly results.

XOMA Corporation (NASDAQ: XOMA) - For an in-depth report on XOMA Corporation follow: www.BullTrends.com/stockquote/XOMA

Shares of XOMA Corporation closed up 20.16% on nearly 5.8 million shares traded. The stock was one of the biggest gainers on the NASDAQ. The company received an upgrade from MLV & Co. MLV & Co. analyst Craig Suvannavejh upgraded XOMA to a buy from hold and reiterated his price target of $7 for shares.

Luminex Corporation (NASDAQ: LMNX) – For an in-depth report on Luminex Corporation follow: www.BullTrends.com/stockquote/LMNX

Shares of Luminex Corporation closed up 17.36% on about 1.2 million shares traded on Tuesday. The stock was one of the biggest gainers on the NASDAQ after reporting first quarter 2014 earnings results. Non-GAAP net income for the quarter was $9.9 million, or 24 cents per share, which doubled analysts’ estimates. Year over year quarterly revenues were up 6% to $56.6 million, in line with analysts’ estimates.

Federal National Mortgage Association (OTCBB: FNMA) - For an in-depth report on Federal National Mortgage Association follow: www.BullTrends.com/stockquote/FNMA

Shares of FNMA closed up 3.16% on about 15.3 million shares traded on Tuesday. FNMA was one of the most active stocks in the OTCBB marketplace. A U.S. regulator said on Tuesday that First Horizon National Corp will pay $110 million to resolve claims it misled Fannie Mae and Freddie Mac into buying mortgage-backed securities that later went sour.

 

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