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Small-Cap Snapshot: Naked Brand introduces Heidi Klum Intimates line to 4,000 CVS locations

Last updated: 11:09 31 Jul 2018 EDT, First published: 10:56 31 Jul 2018 EDT

Heidi Klum
The product line includes dressing tape and backless stick-on silicone bras

Naked Brand Group Limited (NASDAQ:NAKD) was a top gainer following a partnership with a famous face. The company’s Bendon Limited subsidiary has partnered with CVS Health Corporation (NYSE:CVS) to introduce Heidi Klum Intimates Solutions line. The “Project Runway” host’s collection will feature 20 products, including dressing tape and backless stick-on silicone bras. The line will be carried in the cosmetics department of more than 4,000 US locations. The company also owns Heidi Klum Accessories and Heidi Klum Swim brands.

Shares of the Australian company were up more than 35% to US$5.63 in Monday morning trading.

Medpace Holdings Inc (NASDAQ:MEDP) shares jumped following an impressive revenue gain in its second-quarter results. The medical research company reported revenue of US$170.1mln compared with US$94.6mln in last year’s second quarter. The Ohio-based company provides clinical research services to biotechs and pharmaceutical companies.

Its stock hit a 52-week high of US$63.97 Monday post-earnings, trading at US$62.83 by Tuesday Morning.

READ: AK Steel stock tumbles after it reports 2Q earnings miss, in line revenues

Castlight Health Inc (NYSE:CSLT) was a top decliner after its second-quarter results revealed it had lost a major customer. The health care tech company plans to implement a restructuring program, cutting costs by 10% to 15% by the end of September. The California-based software company provides a software-as-a-service platform to simplify the process for employees seeking health benefits.

Shares fell nearly 20% to US$3.60.

AK Steel Holding Corporation (NYSE:AKS) shares fell following an earnings miss and in-line revenue in its second-quarter results. The results suggest that the tariffs weighed heavily on the steelmaker instead of having a positive impact. However, the company does expect market conditions to remain strong in the third quarter.

Shares of the Ohio-based company were down more than 12% to US$4.70.

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