Begins Volume Coverage on ARIA, AZC, FSPM, and GM

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Share Tweet Begins Volume Coverage on ARIA, AZC, FSPM, and GM

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Ariad Pharmaceuticals Inc. (NASDAQ: ARIA) shares closed up a modest 1.75 percent on Monday with about 21.3 million shares traded. The stock also saw gains this past Friday when a report from Reuters noted that Ariad's second-largest shareholder was seeking two board seats. According to the report, Sarissa Capital Management, which is Ariad's second-largest shareholder with a 6.2% stake in the company, is seeking at least two seats on the company's board of directors.

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Augusta Resource Corp. (NYSE: AZC) shares closed up 29.39 percent on Monday making it one of the biggest gainers in the NYSE. The stock traded about 4.4 million shares and hit a new 52-week high of $3.12 during intra-day trading. The company announced that its board of directors would meet to discuss HudBay's press release announcing its intention to acquire all the common shares of Augusta that it does not already own. HudBay issued a press release on Sunday to announce that it would issue an offer of C$2.96 per share; the company values Augusta at approximately C$540 million on a fully diluted in-the-money basis. Get more information on Augusta Resource Corp. and free access to the in-depth equity report at: Fusion Pharm, Inc. (OTC: FSPM) shares closed down 17.43 percent on Monday with about 700,000 shares traded. The stock was one of the biggest decliners in the OTC market despite the fact that the company had no significant news released. Earlier in the month, FusionPharm, Inc. and GrowLife, Inc., a diversified company operating in the legal cannabis industry which develops, markets and deploys products and services of legal cannabis, today announced that the Companies will expand their collaboration agreement and begin offering a co-branded line of specialized professional cultivation equipment components.  

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General Motors Company (NYSE: GM) shares closed down 3.35 percent on Monday with about 43.3 million shares traded. The stock was one of the most active stocks on the NYSE. It was revealed on Monday that the company’s Chief Executive Officer Mary Barra, who started the job last month, may receive total compensation this year of $14.4 million, $10 million more than the largest U.S. automaker previously disclosed.

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