WebMD Recovers as Hasbro Transforms Down

by Anthony John Agnello | July 19, 2011 12:55 pm

Here’s what’s hot in the market today: WebMD rebounded a little after Monday’s slip. Endeavour International dipped after pricing of convertible senior notes due 2016. Hasbro saw high volume trading after analysts held a “Buy” rating on the stock looking forward to strong third quarter earnings. SkyWest saw above normal trading and Global Ship Lease dropped after a recent rebound.

WebMD Health Group (NASDAQ: WBMD[1]) saw a second day of high volume trading with shares up around 9% to nearly $36 on close to four times typical volume. The stock fell more than 30% on Monday[2] after the company lowered its full year estimates.

Endeavour International (NYSE: END[3]), the independent oil and gas company fell nearly 3% to drop below $14. More than 1 million shares were traded. END announced the pricing of $120 million convertible senior notes on Monday night.

Hasbro (NASDAQ: HAS[4]) fell about 1% to close to $39 on 1.5 million shares. The toy company reported on Monday that second quarter revenue grew 23% year-on-year, totaling $908 million for the period. Analysts at MKM Partners lowered its target price on the company from $54 to $50 but maintained a “Buy” rating as Hasbro toy sales linked to the hugely successful film Transformers will be included in the company’s third quarter earnings.

SkyWest (NASDAQ: SKYW[5]) was up less than 1% to about $12.30, recovering slightly after shares dropped from nearly $15 to below $12 on Monday. Bank of America (NYSE: BAC[6]) lowered its target price for the company from $12 to $10 after it received word that SkyWest’s second quarter earnings would be well below estimates.

Global Ship Lease (NYSE: GSL[7]) fell almost 7% to $4.00 on nearly times normal trading. More than 180,000 shares in the shipping company were exchanged. The stock was singled out earlier this month by China Analyst as the best rebounding maritime transportation stock.

As of this writing, Anthony John Agnello did not own a position in any of the stocks named here. Follow him on Twitter at @ajohnagnello[8] and become a fan of InvestorPlace on Facebook.[9]

  1. WBMD: http://studio-5.financialcontent.com/investplace/quote?Symbol=%20%20WBMD
  2. The stock fell more than 30% on Monday: https://investorplace.com/51056/webmd-royal-bank-of-scotland-pets-ghl-rbs-ppdi-wbmd/
  3. END: http://studio-5.financialcontent.com/investplace/quote?Symbol=END
  4. HAS: http://studio-5.financialcontent.com/investplace/quote?Symbol=HAS
  5. SKYW: http://studio-5.financialcontent.com/investplace/quote?Symbol=%20%20SKYW
  6. BAC: http://studio-5.financialcontent.com/investplace/quote?Symbol=BAC
  7. GSL: http://studio-5.financialcontent.com/investplace/quote?Symbol=GSL
  8. @ajohnagnello: http://twitter.com/#%21/ajohnagnello
  9. InvestorPlace on Facebook.: http://www.facebook.com/pages/InvestorPlace/178906405484848

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