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The Stock Market Summary: Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA), Valero Energy Corporation (NYSE:VLO), Regions Financial Corporation (NYSE:RF)

Boston, MA 02/06/2014 (wallstreetpr) – Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA): Talks about takeover bid of ARIA which dominated headlines over the past weeks, following a report on the Daily Mail, can now be put to rest as nothing of the sort can happen after the company disclosed executive stock giveaway in a SEC filing. In any case, that ARIA has actually made the equity allocations to its executives almost three days before the news about its takeover by Eli Lilly & Co. (NYSE:LLY) or other big pharma surfaced, suggests that there was nothing substantial in the reports. The fact of the matter is that it would not have been possible for ARIA to extend such generous equity award to executives if indeed something was in the offing as regards a takeover. Ariad Pharmaceuticals, Inc. (NASDAQ:ARIA) gained 1.43 percent to close $7.10 in the previous trading.

Valero Energy Corporation (NYSE:VLO) is sending its president and chief operations officer Joe Gorder to present at the Credit Suisse Energy Summit which opens on Thursday, February 13. The presentation starts 11.15 p.m. Eastern Time. VLO recently has its price target upgraded by Imperial Capital from $49 to $55 in research note issued early this week. The stock currently bears an average “buy” rating and price objective of $54.17 from 18 equities analysts. Valero Energy Corporation (NYSE:VLO) punctured 3.88 percent to $46.37 in the previous session.

Regions Financial Corporation (NYSE:RF)’s presentation at the Credit Suisses Financial Services Forum kicks off on Tuesday, February 11, at 11 a.m. ET. The company’s executives will present and comments and related slide presentation will be availed via a listen-only live webcast. On top of that, RF executive William Ritter sold about 59,096 shares of the company on open market trading where a share exchanged hands at an average price of $10.80. Note currently a share of the stock trades in the range of $9.90. The executive trading fetched approximately $638,236 in proceed. Ritter now directly owns about 160,236 shares of Regions Financial Corporation (NYSE:RF) whose value is approximately $1.7 million.

Published by Nicholas Maithya

Nicholas is a Financial Analyst by profession, who enjoys writing about investments, technological developments, business, economics and other financial topics at various financial publications. Join him here on Wallstreetpr.com as he endeavors to deliver to you the latest breaking news on the above mentioned fronts. Contact him by email at nmaithya@gmail.com or follow Nicholas Kitonyi @nmaithyak on Twitter.

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