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Amazon.com, Inc. (NASDAQ: AMZN) shares declined 3.47 percent to close at $349.25 a share Wednesday. The stock traded between $346.32 and $357.75 on volume 6.59 million shares traded. UBS analyst Eric Sheridan has downgraded the company to “neutral” and has also lowered his price target on the stock to $375.00 from $450.00, as he believes Amazon will have trouble raising the price of its Prime subscription service. Shares of Amazon.com are down approximately 12.0 percent year-to-date.
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Fossil Group Inc. (NASDAQ: FOSL) shares jumped 3.51 percent to close at $121.06 a share Wednesday. The stock traded between $120.46 and $125.00 on volume of 3.57 million shares traded. The company reported net sales were $1.062 billion for the fourth quarter of 2013, an increase of 12.0 percent when compared to a year ago. Shares of Fossil Group are up approximately 4.0 percent year-to-date.
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Pharmacyclics, Inc. (NASDAQ: PCYC) shares spiked 3.12 percent to close at $137.00 a share Wednesday. The stock traded between $130.09 and $142.60 on volume 2.30 million shares traded. The company announced that the FDA has approved IMBRUVICA as a single agent for the treatment of patients with chronic lymphocytic leukemia (CLL) who have received at least one prior therapy. Shares of Pharmacyclics are up approximately 30.0 percent year-to-date.
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WellCare Health Plans, Inc. (NYSE: WCG) shares declined 8.97 percent to close at $56.64 a share Wednesday. The stock traded between $55.16 and $59.26 on volume of 3.01 million shares traded. The company reported a GAAP net income of $42.9 million, or $0.97 per diluted share, for the fourth quarter of 2013, a decrease of 12.0 percent when compared to a year ago. Shares of WellCare Health Plans are down approximately 20.0 percent year-to-date.
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