Company News For December 21, 2016

•    Shares of Conatus Pharmaceuticals Inc (CNAT) skyrocketed 141.3% after the company declared a licensing and collaboration agreement with Novartis AG for a liver disease treatment

•    Shares of General Mills, Inc. (GIS) dropped 2.6% after the company reported second-quarter fiscal 2017 adjusted earnings per share of $0.85 that missed the Zacks Consensus Estimate by 3.4%

•    Shares of BlackBerry Ltd (BBRY) declined 2.9% after the company posted third-quarter fiscal 2017 revenues of $301 million that missed the Zacks Consensus Estimate of $331 million

•    Fred’s, Inc.’s (FRED) shares soared 81.1% after the company agreed to purchase 865 stores and certain assets from Walgreens and Rite Aid in a deal valued at $950 million

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