Stocks With Noticeable Momentum: SanDisk Corp. (NASDAQ:SNDK), Novartis AG (NYSE:NVS), Rockwell Collins Inc. (NYSE:COL)

April 26, 2023 7:47 am18 commentsViews: 77

SanDisk Corp. (NASDAQ:SNDK) recently reported results for the Q2 ended June 28, 2015. Q2 income of $1.24B reduced 24 percent on a year-over-year basis and reduced 7 percent sequentially. “During the Q2, we strengthened our portfolio with several new product launches in both the retail and commercial channels,” stated Sanjay Mehrotra, president and chief executive officer, SanDisk. “We are making steady progress on all operational fronts, and remain focused on enhancing our financial performance.” SanDisk reported its new CloudSpeed Eco™ Gen. II enterprise SATA SSD for cloud service providers, with up to 2TB* capacity, based on 15 nanometer NAND flash. The CloudSpeed Eco Gen. II delivers greater storage density with three times the streaming bandwidth versus hard disk drives (HDDs). SanDisk Corp. (NASDAQ:SNDK) has the market capitalization of 13.17 Billion. Shares of firm moved up 17.57% to close at $63.70 with the total traded volume of 23.48 Million. The firm has current ratio of 1.80 for the most recent quarter.

Swiss drug giant, Novartis AG (NYSE:NVS) stated that the Committee for Medicinal Products for Human Use or CHMP of the European Medicines Agency has adopted a positive opinion for the combination of Tafinlar, or dabrafenib, and Mekinist, or trametinib, for the treatment of adult patients with unresectable or metastatic melanoma with a BRAF V600 mutation. Novartis also stated the U.S. Food and Drug Administration or FDA has granted priority review for the same patient population. The FDA authorization was contingent on the results of the COMBI-d study, which was designed to evaluate the clinical benefit of the combination in patients with unresectable or metastatic melanoma with a BRAF V600 mutation. A PDUFA date is in November 2015.  Novartis AG (NYSE:NVS) stock price closed at $103.05 with the total traded volume of 2.57 Million shares. Its price to sales ratio ended at 5.06. Its market capitalization is 248.88 Billion.

Rockwell Collins Inc. (NYSE:COL) stated third-quarter net income of $178 million or $1.33 per share, compared to $158 million or $1.15 per share, in the similar quarter last year. Earnings per share from continuing operations rose 12% to $1.33 per share from $1.19 per share in the previous year period. On average, 17 analysts polled by Thomson Reuters predictable the firm to report profit per share of $1.30 for the quarter. Analysts’ estimates typically exclude special items. Earlier, the firm predictable earnings in the range of $5.10 to $5.30 per share and revenues between $5.2 billion and $5.3 billion. Rockwell Collins Inc. (NYSE:COL) day-trade ended with 0.79% to $88.41. The stock is going forward to its 52 week low with 24.77% and lagging behind from its 52 week high price with -11.03%. COL last month stock price volatility remained 1.37%.


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