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Stock Market & Financial Investment News

News Breaks
January 7, 2013
14:02 EDTACORAcorda Therapeutics sees FY13 R&D $60M-$70M, SG&A $170M-$180M
News For ACOR From The Last 14 Days
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September 29, 2014
09:29 EDTACORAcorda Therapeutics management to meet with JPMorgan
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September 24, 2014
16:22 EDTACOROn The Fly: Closing Wrap
Stocks on Wall Street were higher after a report showed that sales of new homes rose to their highest level in over six years in August. The volume and news flow were relatively light, which may be the case again tomorrow as many market participants celebrate the Jewish holiday of Rosh Hashanah. ECONOMIC EVENTS: In the U.S., new home sales rose 18.0% in August to a 504K unit rate, which was much higher than the expected 4.4% increase. COMPANY NEWS: Bed Bath & Beyond (BBBY) advanced $4.64, or 7.4%, to $67.33 after the home goods retailer last night reported second quarter earnings and revenue that surpassed analysts' consensus estimates. The better than expected report and rise in the stock comes a day after William Blair downgraded the stock yesterday morning... Citizen Financial (CFG), the U.S. retail bank unit of Royal Bank of Scotland (RBS), became the year's second largest IPO behind Alibaba (BABA) after 140M shares began trading on the NYSE this morning. The stock ended it first day up $1.58, or 7.35%, at $23.08, which was far cry from the advance seen by another of the day's new stock debuts. CyberArk (CYBR) priced 5.36M shares at $16.00, opened for trade at $25.00 and ended the day at $29.94, making for a rise of over 87% from its IPO pricing. MAJOR MOVERS: Among the notable gainers was Acorda Therapeutics (ACOR), which advanced $8.27, or 28.18%, to $37.62 after the company agreed to acquire Civitas Therapeutics for $525M in cash. Civitas, which was private, had been scheduled to come public via an IPO that was expected to happen later this week prior to the deal announcement. Also higher was Hasbro (HAS), which rose $2.01, or 3.8%, to $54.95 after striking a deal that gives the company global rights, excluding Japan, to develop dolls based on Disney's (DIS) princess characters, as well as Frozen, beginning in 2016. Mattel (MAT), which currently holds those rights, slid 40c, or 1.25%, to $31.67 in the wake of the news. Also lower were shares of Skechers (SKX), which fell $5.69, or 9.8%, to $52.40 after research firm SportscanInfo reported that the footwear maker's sales had fallen 3% last week. However, Sterne Agee recommended buying the stock on the weakness. INDEXES: The Dow rose 154.19, or 0.9%, to 17,210.06, the Nasdaq gained 46.53, or 1.03%, to 4,555.22, and the S&P 500 added 15.53, or 0.78%, to 1,998.30.
13:49 EDTACORAcorda Therapeutics price target raised to $65 from $52 at Cowen
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12:29 EDTACOROn The Fly: Midday Wrap
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10:38 EDTACORAcorda Therapeutics rallies on Civitas Therapeutics acquisition
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09:52 EDTACORAlkermes expects to receive $59M in connection to Acorda-Civitas deal
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09:05 EDTACOROn The Fly: Pre-market Movers
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08:12 EDTACORAcorda Therapeutics to host conference call
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07:27 EDTACORAcorda acquires Civitas Therapeutics for $525M in cash
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07:21 EDTACORAcorda Therapeutics trading halted, pending news
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