| Ebola advances drive Inovio, what's behind FireEye gains | |
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Following are Wednesday’s top trending tickers; stocks that are moving based on your searches on Yahoo Finance.
Inovio (INO)
Wall Street was listening closely as new developments in the race to treat Ebola surfaced. On Wednesday Inovio Pharma (INO) popped 6 percent after the U.S. Department of Defense selected the company to help battle this deadly disease. Under the agreement, Inovio will receive a grant from DARPA, the Defense Advanced Research Projects Agency to lead a team in the development of treatments as well as the development of a vaccine. Inovio is already a major player in the fight against other infectious disease with its cutting edge treatments attacking illness at the DNA level.
FireEye (FEYE)
Elsewhere in the market, speculation has sent shares of FireEye (FEYE) surging. This leader in cyber-security gained more than 3 percent on Wednesday without a clear catalyst. New details about a breach at the White House in November may have moved shares; it’s also possible that commentary suggesting the company is growing even more rapidly than expected drove gains. Widely considered a momentum stock, it’s not uncommon for professional investors to buy a stock such as FireEye simply as a bet on supersized growth. Year to date the stock has advanced 30 percent.
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BG Group (BG.L)
Meanwhile, energy traders were scrambling on Wednesday after word of a mega-merger promised to reshape the investment landscape. Specifically, Royal Dutch Shell (RDS-A) agreed to buy BG Group (BG.L), a smaller rival headquartered in Great Britain for approximately $70 billion. News sent shares of BG soaring over 30 percent. Under the agreement, Shell will acquire energy rich real estate all over the world - also the deal will put Shell out front in the race to dominate the LNG or Liquified Natural Gas market. This is the first major energy industry merger in over a decade and still needs to be approved by shareholders.
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BG GROUP
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CODE : BG.L |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
BG GROUP is a producing company based in United kingdom. BG GROUP is listed in Germany and in United Kingdom. Its market capitalisation is GBX 3 629.8 billions as of today (US$ 5 262.2 billions, € 4 676.0 billions). Its stock quote reached its lowest recent point on May 29, 2009 at GBX 1 000.67, and its highest recent level on February 12, 2016 at GBX 1 062.00. BG GROUP has 3 417 929 984 shares outstanding. |