Market review: Advisory panel backs broader use of Amarin drug, sending shares up

Parka maker Canada Goose Holdings Inc. fell 12% Wednesday despite solid earnings after saying that unrest in Hong Kong hurt its business there.

November 15, 2019 at 11:50PM
Canada Goose, the upscale outerwear company, is opening its first store in MN in MOA. The store features a Cold Room that allows shoppers to enter a room with below zero temperatures to test their parka's. ] brian.peterson@startribune.com Bloomington, MN Wednesday, September 11, 2019 ORG XMIT: MIN1909181101092984
Canada Goose, the outerwear company, said that Hong Kong unrest had hurt its business there. (The Minnesota Star Tribune)

Big fish: Amarin jumped 11.8% to $24.02 Friday after a government-advisory panel recommended broader use of its fish oil-based heart disease drug Vascepa. Financial analysts predict that broader use of the drug could translate into billions in sales.

Jittery clients: Cisco shares tumbled 7.3% to $44.91 Thursday after the network gear maker forecast second-quarter revenue and profit below expectations as increasing global economic uncertainties keep clients away from spending more on its routers and switches. Shares closed the week at $45.09.

Feeling secure: ADT Inc. shares jumped 5.5% to $8.15 Wednesday after the security company said third-quarter revenue increased more sharply than expected. The company also announced a special dividend. Shares closed the week at $8.39.

Cold shoulder: Parka maker Canada Goose Holdings Inc. fell 12% to $34.35 Wednesday despite solid earnings, after saying that unrest in Hong Kong hurt its business there and that wholesale revenue will decline this quarter. Shares closed Friday at $35.67.

Analyze this: Datadog vaulted 17.2% to $40.30 Wednesday after the data analytics company reported strong third-quarter earnings and gave investors an encouraging forecast. Shares closed Friday at $40.63.

Profit surprise: Dillard's jumped 14.2% to $77.41 Thursday after the department-store operator reported an adjusted fiscal third-quarter profit of 23 cents per share on a smaller than expected sales decline; analysts had expected a loss of 29 cents per share. Shares closed Friday at $76.87.

news services

about the writer

about the writer

News services

More from Business

See More
Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
card image