But the news wasn't good. SpaceX CEO Elon Musk said on Twitter that as the nose cone �� also called a fairing �� fell back toward Earth, the parafoils that were supposed to slow its decent became tangled.
So the "fairing impacted water at high speed," Musk said. That likely destroyed it.
Liftoff occurred just after 7 am PT from Vandenberg Air Force Base in California, and the primary mission went off without a hitch. A SpaceX Falcon 9 rocket delivered a group of 10 satellites into orbit for communications firm Iridium (IRDM).
SpaceX is well known for landing and reusing rocket boosters to bring down the price of its rockets. But this was one of the rare occasions Musk has acknowledged his rocket startup's attempts to recover the fairing after launch.
The fairing rests on the top of the rocket, and it acts as a shield for the satellites during launch. Once the rocket is in space,it splits into two and falls away. Typically, it's left to plummet back to Earth where the ocean becomes its graveyard.
Hot High Tech Stocks To Watch Right Now: Alpine Total Dynamic Dividend Fund(AOD)
Advisors' Opinion:- [By Logan Wallace]
Oppenheimer & Co. Inc. lifted its stake in shares of Alpine Total Dynamic Div (NYSE:AOD) by 14.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 101,451 shares of the investment management company’s stock after acquiring an additional 12,551 shares during the period. Oppenheimer & Co. Inc. owned 0.09% of Alpine Total Dynamic Div worth $906,000 as of its most recent SEC filing.
Hot High Tech Stocks To Watch Right Now: Exelon Corporation(EXC)
Advisors' Opinion:- [By Logan Wallace]
US Bancorp DE trimmed its position in shares of Exelon (NYSE:EXC) by 9.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 157,712 shares of the energy giant’s stock after selling 15,626 shares during the quarter. US Bancorp DE’s holdings in Exelon were worth $6,153,000 at the end of the most recent reporting period.
- [By Max Byerly]
Get a free copy of the Zacks research report on Exelon (EXC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Stephan Byrd]
Investors bought shares of Exelon (NYSE:EXC) on weakness during trading on Wednesday. $34.07 million flowed into the stock on the tick-up and $18.56 million flowed out of the stock on the tick-down, for a money net flow of $15.51 million into the stock. Of all stocks tracked, Exelon had the 24th highest net in-flow for the day. Exelon traded down ($0.42) for the day and closed at $39.79
Hot High Tech Stocks To Watch Right Now: The Michaels Companies, Inc.(MIK)
Advisors' Opinion:- [By Chris Lange]
The Michaels Companies, Inc. (NASDAQ: MIK), the arts and crafts retail chain, released its fiscal first-quarter financial results before the markets opened on Thursday. The Irving, Texas-based company said it had $0.39 in earnings per share (EPS) and $1.16 billion in revenue, compared with consensus estimates from Thomson Reuters that called for $0.38 in EPS and $1.15 billion in revenue. The same period from last year had $0.38 in EPS and $1.16 billion in revenue.
- [By Jim Crumly]
As for individual stocks, Etsy (NASDAQ:ETSY) made a huge jump after announcing a fee increase for sellers, and The Michaels Companies (NASDAQ:MIK) fell on weak guidance.
- [By Anders Bylund]
Arts and crafts retailer The Michaels Companies (NASDAQ:MIK) reported first-quarter results in the early-morning hours of Thursday. The company met Wall Street's targets and confirmed that its full-year guidance targets are on track, but the stock still crashed due to an unimpressive slate of second-quarter guidance goals.
- [By Shane Hupp]
Get a free copy of the Zacks research report on Michaels Companies (MIK)
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Hot High Tech Stocks To Watch Right Now: Tupperware Brands Corporation(TUP)
Advisors' Opinion:- [By Stephan Byrd]
Armstrong Flooring (NYSE: AFI) and Tupperware Brands (NYSE:TUP) are both construction companies, but which is the superior business? We will contrast the two companies based on the strength of their analyst recommendations, risk, earnings, dividends, institutional ownership, valuation and profitability.
- [By Lisa Levin] Gainers Daré Bioscience, Inc. (NASDAQ: DARE) shares climbed 54.2 percent to $1.25 on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform. Travelzoo (NASDAQ: TZOO) climbed 21.3 percent to $9.40 following strong Q1 results. Intrepid Potash, Inc. (NYSE: IPI) gained 16.5 percent to $4.60. K12 Inc. (NYSE: LRN) shares rose 11.2 percent to $15.4206 following Q3 results. Chicago Bridge & Iron Company N.V. (NYSE: CBI) shares rose 11 percent to $15.3289. McDermott issued a release reiterating rejection of Subsea 7's offer. Six Flags Entertainment Corporation (NYSE: SIX) shares gained 9.2 percent to $64.61 as the company posted a narrower-than-expected loss for its first quarter. Tupperware Brands Corporation (NYSE: TUP) surged 8.5 percent to $46.00 as the company posted in-line quarterly earnings. Carlisle Companies Incorporated (NYSE: CSL) climbed 7.5 percent to $107.22 after reporting Q1 results. Allena Pharmaceuticals, Inc. (NASDAQ: ALNA) rose 6.1 percent to $14.78. B. Riley initiated coverage on Allena Pharmaceuticals with a Buy rating. Texas Instruments Incorporated (NASDAQ: TXN) rose 4.6 percent to $102.90 after the company reported stronger-than-expected earnings for its first quarter on Tuesday. Credit Suisse Group AG (NYSE: CS) rose 4.5 percent to $17.03 following strong Q1 results. STMicroelectronics N.V. (NYSE: STM) rose 4.2 percent to $22.20 after reporting Q1 results.
Check out these big penny stock gainers and losers
- [By Paul Ausick]
Tupperware Brands Corp. (NYSE: TUP) fell by more than 12% Tuesday to post a new 52-week low of $41.60 after closing at $47.34 on Monday. The 52-week high is $74.36. Volume of about 3.6 million was more than four times the daily average. The company lowered its first-quarter guidance this morning.
- [By Paul Ausick]
Tupperware Brands Corp. (NYSE: TUP) fell by about 2.3% Wednesday to post a new 52-week low of $40.80 after closing at $41.74 on Tuesday. The 52-week high is $74.36. Volume of about 1.2 million was around a third higher than the daily average. The company lowered its first-quarter guidance Tuesday morning and the exits are still a little crowded.
- [By Lisa Levin] Gainers Daré Bioscience, Inc. (NASDAQ: DARE) shares jumped 56.69 percent to close at $1.27 on Wednesday on news that the company entered into worldwide license agreement for Juniper Pharmaceuticals' intravaginal ring technology platform. Vicor Corporation (NASDAQ: VICR) rose 26.84 percent to close at $37.10. Vicor posted Q1 earnings of $0.10 per share on sales of $65.2 million. AGM Group Holdings Inc. (NASDAQ: AGMH) climbed 25.56 percent to close at $10.61. Travelzoo (NASDAQ: TZOO) gained 24.7 percent to close at $9.75 following strong Q1 results. Intrepid Potash, Inc. (NYSE: IPI) shares climbed 19.24 percent to close at $4.71. China Customer Relations Centers, Inc. (NASDAQ: CCRC) rose 18.73 percent to close at $18.64. Genprex, Inc. (NASDAQ: GNPX) climbed 18.28 percent to close at $5.89. Genprex expanded its operations to Cambridge, Mass. Scorpio Tankers Inc. (NYSE: STNG) rose 13.92 percent to close at $2.70 following Q1 results. Rocky Brands, Inc. (NASDAQ: RCKY) shares surged 13.57 percent to close at $23.85 after reporting Q1 results. Resonant Inc. (NASDAQ: RESN) shares rose 12.5 percent to close at $4.14 on Wednesday. USANA Health Sciences, Inc. (NYSE: USNA) jumped 11.24 percent to close at $106.85 following Q1 results. SUPERVALU Inc. (NYSE: SVU) rose 11.16 percent to close at $16.24 after the company reported Q4 results and agreed to sell and leaseback eight distribution centers for an aggregate purchase price of $483 million. K12 Inc. (NYSE: LRN) shares gained 10.74 percent to close at $15.36 following Q3 results. Tupperware Brands Corporation (NYSE: TUP) rose 9.15 percent to close at $46.28 as the company posted in-line quarterly earnings. Six Flags Entertainment Corporation (NYSE: SIX) shares climbed 8.49 percent to close at $64.18 as the company posted a narrower-than-expected loss for its first quarter. Carlisle Companies Incorporated (NYSE: CSL) gained 8.2 percent to close at $107.94 af
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