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Tuesday’s hot stocks
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December 28, 1999: 12:45 p.m. ET
Orbital Sciences, Engineering Animation gain on alliances
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NEW YORK (CNNfn) - Deals -- one with NASA, another with Volkswagen -- sent shares in a satellite maker and a software provider soaring Tuesday.
Orbital Sciences Corp. (ORB) rose 24 percent after the company won a five-year satellite production contract worth up to $1.5 billion from NASA.
Dulles, Va.-based Orbital gained 3-1/2 to 18-1/4.
Engineering Animation Inc. (EAII), a software maker, rose 20 percent on news Volkswagen AG will use its product for analyzing and managing information during the manufacturing and engineering processes. Terms were not disclosed.
Ames, Iowa-based Engineering Animation gained 1-11/16 to 9-13/16.
Jenny Craig Inc. (JC), meanwhile, rose sharply Tuesday, becoming the biggest gainer on the New York Stock Exchange. The gains came after the New York Times said Monica Lewinsky, the former White House intern, will appear in TV commercials for the operator of weight-loss centers.
In addition, Jenny Craig Monday announced a redesigned Web site, jennycraig.com.
The La Jolla, Calif.-based firm gained 3/4, or 35 percent, to 2-7/8.
Retek (RETK) continued its gains from Monday when Credit Suisse First Boston initiated coverage on the maker of business-to-business software with a "strong buy” rating.
Minneapolis-based Retek climbed 22-7/8, or 27 percent, to 107-7/8.
But JFAX.COM (JFAX), which jumped 30 percent Monday after announcing a deal with Internet portal Yahoo! (YHOO), gave up some of that gain Tuesday.
The deal allows Yahoo! E-mail users to access JFAX.com's fax service.
Los Angeles-based JFAX fell 1-5/16, or 17 percent, to 6-3/8 Tuesday.
Jostens Inc. (JOS), the yearbook and class ring provider, soared 30 percent after saying a private investment group will buy the company for $850 million cash plus another $100 million in assumed debt.
Minneapolis-based Josten’s climbed 5-9/16 to 23-7/8.
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