Shining on Major News: ALLETE, Inc. (NYSE:ALE), Gerdau S.A. (NYSE:GGB), Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL), Akorn, Inc. (NASDAQ:AKRX), HFF, Inc. (NYSE:HF)

ALLETE Inc (NYSE:ALE) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Thursday.

ALLETE, Inc. (NYSE:ALE) belongs to Utilities sector. Its net profit margin is 9.50% and weekly performance is 4.49%. On last trading day company shares ended up at $54.91. ALLETE, Inc. (NYSE:ALE) distance from 50-day simple moving average (SMA50) is 6.81%.

Gerdau SA (NYSE:GGB) will delay the release of financial results as Brazil’s second-biggest steelmaker by market value studies a police probe into its possible involvement in a tax evasion scandal. The Porto Alegre, Brazil-based company will disclose fourth-quarter earnings on March 15, it said Monday in a statement. It was scheduled to report results on Tuesday.

Gerdau S.A. (NYSE:GGB) shares advanced 19.42% in last trading session and ended the day at $1.23. GGB Gross Margin is 10.90% and its return on assets is -1.40%. Gerdau S.A. (NYSE:GGB) quarterly performance is -20.65%.

Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) announced that it will report its fourth quarter and year end 2015 financial results after market close on Tuesday, March 8, 2016. Rigel senior management will follow the announcement with a live conference call and webcast at 5:00pm Eastern Time (2:00pm Pacific Time) to discuss the financial results.

On 04 March, Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) shares decreased -2.02% and was closed at $2.42. RIGL EPS growth in last 5 year was 17.60%. Rigel Pharmaceuticals, Inc. (NASDAQ:RIGL) year to date (YTD) performance is -20.13%.

Akorn, Inc. (NASDAQ:AKRX), announced that it will provide a business update the morning of March 22, 2016. In its update, Akorn will provide preliminary 2015 financial information and will supply initial 2016 financial guidance along with other business updates.

Akorn, Inc. (NASDAQ:AKRX) ended the last trading day at $25.08. Company weekly volatility is calculated as 5.13%. Akorn, Inc. (NASDAQ:AKRX) showed a weekly performance of -8.40%.

On 23 February, HFF Inc. (NYSE:HF) reported fourth-quarter earnings of $34.1 million. The Pittsburgh-based company said it had net income of 88 cents per share. The commercial real estate services company posted revenue of $169 million in the period. For the year, the company reported profit of $84 million, or $2.18 per share. Revenue was reported as $502 million.

HFF, Inc. (NYSE:HF) shares advanced 1.24% in last trading session and ended the day at $26.97. HF Gross Margin is 44.10% and its return on assets is 11.40%. HFF, Inc. (NYSE:HF) quarterly performance is -20.84%.

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