CIGNA Corporation (NYSE:CI), Express Scripts Holding Co (NASDAQ:ESRX) (TheStreet)
Healthcare stocks were responding in a mixed way Thursday, March 8, to another blockbuster deal in the space. U.S. health insurance giant Cigna Corp. (CI) said it planned to pay $67 billion to buy out benefits management group Express Scripts Holding Co. (ESRX). The news sent Express Scripts shares higher 10.26%, while Cigna stock slumped 10.31%. Both traded on significantly heavy volume.
Hovnanian Enterprises, Inc. (NYSE:HOV) (The Motley Fool)
What happened: Shares of Hovnanian Enterprises (NYSE:HOV) dropped more than 10% in early trading on Thursday (yes, it happened again) after the homebuilder reported its earnings for the fiscal first quarter of 2018 — and are still down 6.6% as of 11:10 a.m. EST. Hovnanian reported a 24% dip in sales year over year, to $417.2 million, but gross margins climbed 130 basis points to 14.8%.
Progress Software Corporation (NASDAQ:PRGS) (MarketWatch)
Shares of Progress Software Corp. PRGS, -12.55% tumbled 9.3% toward a three-month low in morning trade Thursday, Benchmark swung to bearish from bullish on the business software company after one of its largest shareholders disclosed the sale of its entire stake. Praesidium Investment Management Co. said in an SEC filing late Wednesday that it no longer owned any voting shares of Progress Software, after disclosing last month that it owned 4.33 million shares, or about 9.3% of the shares outstanding as of March 31.
Vascular Biogenics Ltd (NASDAQ:VBLT) (Benzinga)
Vascular Biogenics Ltd shares dipped 61.4 percent to $2.62 after the company disclosed that its Phase 3 GLOBE study did not meet its pre-specified primary endpoint of overall survival.
Wynn Resorts, Limited (NASDAQ:WYNN) (CNBC)
Wynn Resorts — Two members of the company’s board of directors stepped down Wednesday, hours after the state of Oregon announced it was suing disgraced former CEO Steve Wynn and the Wynn Resorts board of directors for allegedly failing to stop sexual misconduct at the company’s highest levels.