Owens Corning NAMES CFO and 4 Hot Stocks on the Move
AuRico Gold Inc. (NYSE:AUQ): The Company is pleased to announce the appointment of Mr. Daniel Gignac as Vice President of Operations, Mexico. Mr. Gignac brings over 30 years of global mining experience, where he has held increasingly senior operational roles, most recently with Newmont Mining Corporation. Mr. Gignac will report to Russell Tremayne, Chief Operating Officer, Mexico, and his appointment will further strengthen the current operational team at the Company’s Mexican assets. Mr. Gignac will focus on supporting the accelerated underground development initiatives at the Ocampo mine and further optimize operational enhancements at both the El Chanate and Ocampo mines. Shares of AuRico Gold Inc. are trading at 2.44% higher today.
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Owens Corning (NYSE:OC): Executive Michael C. McMurray of Owens Corning has been named Chief Financial Officer by the board. He will replace Duncan J. Palmer who has joined Reed Elsevier PLC, a British-based data provider. Shares of the construction and industrial-materials maker are trading at 1.32% higher today.
The Men’s Wearhouse, Inc. (NYSE:MW): The Men’s Wearhouse turned in a 4.1% increase in their fiscal second-quarter earnings as same-store sales grew for their namesake and Moores brands. Shares rose 9.9% to $35 in the pre-market, as earnings beat the retailer’s expectations and the company lifted their full-year view. Shares of The Men’s Wearhouse, Inc. are trading 15.5% higher today.
Hovnanian Enterprises, Inc. (NYSE:HOV): CEO Ara K. Hovnanian commented,”We believe the housing market’s recent overall strength and our significantly improved sales pace this year indicates that the market, for new homes, has bounced off the bottom and is in a period of gradual recovery. Additionally, we are encouraged with our progress in operating metrics, particularly with the 290 basis point year-over-year improvement of our gross margin, and the 390 basis point reduction in total selling general and administrative expenses as a percentage of total revenues during the third quarter.” Shares of Hovnanian Enterprises, Inc. are trading 1.25% lower today.
Warner Chilcott PLC (NYSE:WCRX): Branded drug maker Warner Chilcott PLC communicated about their pending stock sales by the following private equity owners: Bain Capital Partners, J.P. Morgan Partners and Thomas H. Lee Partners, as well as members of their senior management. In total, the group of shareholders will sell 42.9 million shares, boosting Warner Chilcott’s public float by roughly 25%. Shares slid 10.15% to $12.75.
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