Stock In News (GMCR, DTG, CVX, TEVA, BRCM)


Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) was one of the gainers in NASDAQ. The stock surged up 0.88% and closed at $105.18. Canaccord Genuity restated buy rating on the stock and the price target is set at $120.

Dollar Thrifty Automotive Group Inc (NYSE:DTG) plunged 0.18% and closed at $59.47 on a thickly traded volume of 687k shares. The stock hit an intra day high of $60.71 and low of $57.67. The Company expects corporate adjusted EBITDA to range from $110 to $120 million for third quarter of 2011. The Company restated corporate adjusted EBITDA to be in the range of $270 to $290 million for fiscal year 2011.In addition, the Board of Directors has increased the authorization of the share buyback program from $100 million to $400 million.

Chevron Corporation (NYSE:CVX) was among the gainers in NYSE. The stock price increased 1.64% to $91.49.The total traded volume was 11.90 million shares compared to total average volume of 10.97 million shares. Chevron Corporation said that its Australian subsidiary would proceed with the construction of its Wheatstone Project in Western Australia.

Gail India is in discussion with Chevron Corporation to acquire stake in their liquefied natural gas plants in Australia and Algeria.

Teva Pharmaceutical Industries Ltd (ADR) (NASDAQ:TEVA) soared 0.57% and the last traded price was $35.46. The European regulators require more time to review Teva’s bid for Cephalon Inc.

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