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Stock Market & Financial Investment News

News Breaks
December 20, 2012
10:11 EDTFANG, TAP, PDCO, PBCT, RLOC, TROV, PRAN, SNSS, CDE, LXP, LNCO, INXN, ARRY, SAM, BLK, CNSI, CPTS, BREW, DVA, HTA, IEC, ABTOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Abbott (ABT) initiated with an Outperform at William Blair... Array BioPharma (ARRY) initiated with an Outperform at Wells Fargo... BlackRock (BLK) initiated with an Overweight at JPMorgan... Boston Beer (SAM) initiated with a Neutral at Citigroup... Comverse (CNSI) initiated with a Neutral at JPMorgan... Conceptus (CPTS) initiated with a Buy at Stifel Nicolaus... Craft Brew (BREW) initiated with a Neutral at Citigroup... DaVita (DVA) initiated with an Overweight at JPMorgan... Healthcare Trust (HTA) initiated with an Outperform at Wells Fargo... IEC Electronics (IEC) initiated with a Buy at C.K. Cooper... InterXion (INXN) initiated with a Neutral at Goldman... Lexington Realty (LXP) initiated with a Buy at Jefferies... LinnCo (LNCO) initiated with an Outperform at Wells Fargo... Molson Coors (TAP) initiated with a Neutral at Citigroup... Patterson Companies (PDCO) initiated with a Buy at Stifel Nicolaus... People's United (PBCT) initiated with an Underweight at Evercore... ReachLocal (RLOC) initiated with a Buy at Janney Capital... Sunesis (SNSS) initiated with an Outperform at Wells Fargo... Trovagene (TROV) initiated with a Buy at Roth Capital... Prana (PRAN) initiated with an Outperform at Burrill... Coeur d’Alene Mines (CDE) initiated with an Accumulate at Global Hunter... Diamondback Energy (FANG) initiated with a Market Perform at Raymond James.
News For ABT;ARRY;SAM;BLK;CNSI;CPTS;BREW;DVA;HTA;IEC;INXN;LNCO;LXP;TAP;PDCO;PBCT;RLOC;TROV;PRAN;SNSS;CDE;FANG From The Last 14 Days
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September 26, 2014
06:07 EDTSNSSStocks with implied volatility above IV index mean; SNSS ADHD
Stocks with implied volatility above IV index mean; Sunesis (SNSS) 329, Alcobra (ADHD) 334 according to iVolatility.
September 25, 2014
13:39 EDTSNSSSunesis volatility elevated into data from trial
Sunesis overall option implied volatility of 241 is above its 26-week average of 157 according to Track Data, suggesting large price movement ahead of the upcoming release of data from a trial of its Qinprezo drug that is expected in the coming weeks.
September 24, 2014
15:04 EDTBLKGoldman, other banks near deal to buy Bloomberg messaging alternative, WSJ says
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09:03 EDTABTAbbott's U.S. tender offer for Chile's CFR Pharmaceuticals expired
Abbott announced the expiration of the tender offer for the purchase from U.S. holders of the ordinary shares of CFR Pharmaceuticals S.A., a Chilean corporation, and for the purchase from all holders, wherever resident, of CFR's outstanding ADS. The offer expired at 5 p.m., NYC time, on Sept. 23, and was not extended. A Chilean tender offer for CFR ordinary shares, which was made concurrently with the U.S. offer, expired at 5:30 p.m., Chilean time, on Sept. 23, and was not extended. The results of the U.S. offer will be announced on Sept. 26, at the time the results of the Chilean tender offer for CFR ordinary shares are announced.
06:23 EDTABTExperts see new tax rules not halting inversions, WSJ reports
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September 23, 2014
10:54 EDTABTStocks, analysts react to Treasury inversion crackdown
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09:54 EDTARRYArray BioPharma management to meet with Jefferies
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09:13 EDTABTOn The Fly: Pre-market Movers
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08:53 EDTABTInversion regulations look more onerous than expected, says FBR Capital
FBR Capital says the new regulations announced last night by the Treasury and IRS contain appear more onerous than expected. FBR points out the proposed changes remove the ability of inverting companies to make "hopscotch loans" between the foreign and domestic subsidiaries. The firm believes the regulations will not end the practice of inversions, and it still expects completion of already announced deals.
08:52 EDTPDCOPatterson Companies added to US 1 List at BofA/Merrill
BofA/Merrill added Patterson to the US 1 List based on expectations for more consistent earnings and improving dental demand. Shares are Buy rated with an increased price target of $47 from $44.
06:28 EDTABTTreasury rules may put Mylan deal at risk, says BMO Capital
BMO Capital believes Treasury's new inversion rules may put the tax benefits of Mylan's (MYL) planned acquisition of Abbott's (ABT) established products business at risk. BMO also thinks the rules impact Salix's (SLXP) pending deal for Cosmo Pharmaceuticals, which it feels may help make a deal with Allergan (AGN) more likely.
05:56 EDTABTTreasury, IRS announce plans to reduce inversion tax benefits
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September 22, 2014
13:51 EDTSNSSSunesis volatility elevated into data from trial
Sunesis overall option implied volatility of 298 is above its 26-week average of 156 according to Track Data, suggesting large price movement ahead of the upcoming release of data from a trial of its Qinprezo drug that is expected in the coming weeks.
09:41 EDTSNSSCitadel Advisors reports 5.3% passive stake in Sunesis
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07:06 EDTABTAbbott price target raised to $48 from $44 at RBC Capital
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September 19, 2014
11:25 EDTABTSenators bring bill requiring companies to settle before inverting
U.S. Senators Sherrod Brown and Dick Durbin announced new legislation requiring corporations to "Pay What You Owe Before You Go" – settling their U.S. tax bill before relocating to a foreign country. "Everyone knows that before you leave a restaurant you have to settle your tab," Brown said. "Corporations shouldn’t get to play by different rules. While it is critical that we reach a long-term solution that reforms our international corporate tax code by implementing a global minimum tax and reducing the statutory tax rate, this bill is an immediate, commonsense measure to ensure businesses settle up before leaving the U.S." Among the deals or possible transactions that involve inversion are Mylan's (MYL) acquisition of Abbott (ABT), Medtronic's (MDT) acquisition of Covidien (COV) and Valeant's (VRX) proposed takeover of Allergan (AGN).
06:03 EDTTAPStocks with implied volatility movement; TAP RSH
Stocks with implied volatility movement; Molson Coors (TAP) 31, RadioShack (RSH) 247 according to iVolatility.
September 18, 2014
17:04 EDTLNCOLINN Energy, LinnCo announce Permian-California trade with Exxon Mobil
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08:37 EDTFANGDiamondback Energy 2.5M share Spot Secondary priced at $75.95
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05:59 EDTTAPMolson Coors implied volatility of 34 at upper end of index mean range
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