Asure Software and James River gain in an overall neutral market

by Darcie | Thursday, Jul 5, 2012 | 408 views

In the major shares that advanced today on the US indexes includes Asure Software, the maker of workplace management software, which was up by 23 per cent after it announced the firm’s entrance into a deal for acquiring PeopleCube, which will make it as the world’s largest provider of workplace management technologies.

Another firm with significant gains was, Victoria’s Secret parent Limited Brands Inc, which gained as much as 7 per cent on same store sales rising by 7 per cent ahead of Wall Street expectance of 2.4 %.

James River Coal Co., rose by 19 per cent while the rise in the stock of Patriot Coal Corp was as high as 35 % as a result of the heat wave that is blasting major parts of the US and is making the power plants to run overtime.

Netflix Inc. was also up by 12 per cent and built on its gains made in the holiday shortened session on Tuesday.

OraSure technologies Inc. was up by over 11 per cent and extended the recent gains which came as a result of the Food and Drug Administration had approved the over the counter HIV testing kit by the firm.

Ross Stores Inc. inched up by 7 per cent after the retailer posted the same-store sales which were way ahead of the estimates of the analysts.

The shares which declined in today’s session included Ambow Education Holding Ltd., which dropped by 11 % after the firm announced that it had adjusted to a first quarter loss of 14 cents a share as compared to the adjusted profit of 4 cents a share in the same period last year.

Buckle Inc., Cato Corp., RealNetworks Inc. and Solzyme Inc were the other firms with substantial losses in today’s trading.

In the broader market, Dow Jones was down by .02 % on 12,941.77 while the Nasdaq was up by 0.27 % on 2984.24 and the S&P 500 was down by .16 % on 1371.87.

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