Bank of America Corp (BAC), Carnival Corp (CCL) & More: 5 Stocks Making Morning Moves

Casella Waste Systems Inc (NASDAQ:CWST) shares are 2% in the green after it received a Corporate Family Rating upgrade from Moody’s, to B2 from B3. Moody’s also assigned a B1 rating to Casella’s proposed $150 million revolving credit facility and $350 million term loan B. The update comes a day after Casella announced that it would meet with prospective lenders today to enter into the aforementioned agreements. The proceeds from the refinancing will allow the company to redeem all of its outstanding 7.75% Senior Subordinated Notes due 2019, as well as allow the repayment in full of its existing senior secured asset-based revolving credit and letter of credit facility. 15 hedge funds in our database have long positions in Casella Waste Systems Inc (NASDAQ:CWST) as of June 30, with their total holdings valued at $68 million and accounting for 21.10% of Casella Waste Systems’ outstanding stock.

CEL-SCI Corporation (NYSEMKT:CVM) shares have crumbled by more than 41% after reported that it has received a verbal notice from the US Food and Drug Administration (FDA) about its Multikine (Leukocyte Interleukin Injection) Phase 3 clinical trial, which has been placed on clinical hold. The company reported that the trial was being carried out to test the efficacy of the treatment in combating advanced primary head and neck cancer. The company is expected to receive a formal letter from the FDA within the next 30 days. Six hedge funds that we track were long $4.20 million worth of CEL-SCI Corporation (NYSEMKT:CVM) shares as of the end of June.

Edison International (NYSE:EIX) announced the acquisition of 22 community solar garden development projects in Minnesota from SunEdison. The acquisition will be done through SoCore Energy, which is a subsidiary of Edison International. The deal has been approved with an order from the US Bankruptcy Court in New York, for a total price of up to $79.8 million, subject to conditions. Shares of Edison International are down moderately in morning trading. 20 hedge funds in our database owned shares of Edison International (NYSE:EIX) on June 30, down from 25 on March 31.

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