New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 10, 2014
07:32 EDTADS, ANNAlliance Data signs long-term renewal agreement with Ann Inc.
Alliance Data's (ADS) Retail Services business has signed a long-term renewal agreement to continue providing private label and co-branded credit card services for Ann Inc. (ANN) brands Ann Taylor and LOFT.
News For ADS;ANN From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
May 19, 2015
07:26 EDTANNAscena Retail weakness creates buying opportunity, says SunTrust
Subscribe for More Information
07:20 EDTANNAscena Retail upgraded to Outperform from Market Perform at FBR Capital
Subscribe for More Information
06:47 EDTANNAscena Retail pullback a buying opportunity, says Piper Jaffray
Subscribe for More Information
05:51 EDTANNAnn Inc. downgraded to Neutral from Overweight at Piper Jaffray
Piper Jaffray downgraded Ann Inc. to Neutral with a $47 price target to reflect the acquisition by Ascena Retail (ASNA).
May 18, 2015
16:21 EDTANNOn The Fly: Top stock stories for Monday
Stocks on Wall Street advanced in Monday trading, sending the Dow Jones Industrial Average and the S&P 500 to new all-time closing highs. The early part of the day saw the market move in a narrow range, but by early afternoon the market punched through its upper range and moved to session highs. The market drifted throughout the afternoon as the news flow was quiet and the trading volume remained light. ECONOMIC EVENTS: In the U.S., the National Association of Home Builders’ confidence index fell 2 points to a reading of 54 in May, missing expectations for a 1 point increase to a reading of 57. COMPANY NEWS: Shares of Apple (AAPL) advanced $1.47, or 1.14%, to $130.24 after noted investor Carl Icahn stated in an open letter to the company's CEO that he thinks other investors, analysts and the news media continue to misunderstand Apple and that its stock is "worth $240 today." Icahn urged Apple CEO Tim Cook to take advantage by launching a "much larger buyback" of the iPhone maker's shares. Separately, FBR Capital analysts Daniel Ives and James Moore wrote this morning in a note to investors that the Street is still underestimating Apple's growth outlook in China. The analysts believe that Apple's China revenue will exceed its revenue from the Americas in fiscal 2017... Endo International (ENDP) slid $4.53, or 5.31%, to $80.82 after the company agreed to pay $8B for privately held Par Pharmaceutical, which will roughly double Endo’s generics revenue and place its generics business among the top five as measured by U.S. sales. MAJOR MOVERS: Among the notable gainers was Ann Inc. (ANN), which surged $7.69, or 19.87%, to $46.40 after agreeing to be acquired by Ascena Retail Group (ASNA) for about $2.15B in cash and stock. Ascena, which agreed to pay $37.34 in cash and 0.68 of a share of its own common stock in exchange for each share of the parent of the Ann Taylor brand, slipped 14c, or 0.99%, to $14.07 after announcing the deal. Also higher was Achillion (ACHN), which rose $1.41, or 14.79%, to $10.98 after the company cancelled its presentation at the UBS Global Healthcare Conference. Conference cancellations often generate speculation as to whether a company is engaged in merger or acquisition talks. Among the noteworthy losers was Eleven Biotherapeutics (EBIO), which dropped $8.29, or 69.26%, to $3.68 after announcing the company’s Phase 3 study of its lead drug candidate, EBI-005, in moderate to severe dry eye disease did not meet either of its two co-primary endpoints. Also lower were shares of Weibo (WB), which fell 87c, or 5.24%, to $15.73 after the shares were downgraded to Hold from Buy at Summit Research. INDEXES: The Dow rose 26.32, or 0.14%, to 18,298.88, the Nasdaq gained 30.15, or 0.6%, to 5,078.44, and the S&P 500 added 6.47, or 0.3%, to 2,129.20.
13:55 EDTANNAnn Inc. downgraded to Neutral from Buy at Janney Capital
Subscribe for More Information
12:51 EDTANNOn The Fly: Top stock stories at midday
Subscribe for More Information
10:10 EDTANNHigh option volume stocks
High option volume stocks: ASNA LAZ GTI CBRL ANN ISSI ANET HTS URBN LVLT
09:49 EDTANNEquity options with increasing volume
Subscribe for More Information
09:33 EDTANNAscena Retail acquisition of Ann Inc. a positive, says CL King
09:25 EDTANNOn The Fly: Pre-market Movers
Subscribe for More Information
08:50 EDTANNAscena CEO says views Ann Taylor, Loft as two distinct brands
Subscribe for More Information
08:39 EDTANNAnn Inc. CEO says Ascena deal the 'right outcome for stockholders'
Subscribe for More Information
08:01 EDTANNANN volatility elevated into Ascena Retail acquiring for $47
ANN (ANN) June call option implied volatility is at 42, September is at 31; compared to its 90-day average of 34; suggesting large near term price movement into a ascena retail (ASNA) paying ANN stockholders $37.34 in cash and 0.68 of a share of ascena common stock.
07:50 EDTANNAscena Retail volatility elevated into acquiring Ann Inc.
Subscribe for More Information
07:48 EDTANNAscena Retail and Ann Inc. to host conference call
Conference call to discuss merger agreement under which ascena will acquire ANN INC will be held on May 18 at 8:30 am. Webcast Link
07:40 EDTANNAscena Retail expects Ann. Inc acquisition to be significantly accretive to EPS
Excluding transaction and integration expenses, the acquisition is expected to be significantly accretive to EPS in the first year post closing, accelerating to greater than 20% accretion to EPS thereafter. Additionally, ascena expects the combination to generate significant cash flow while both maintaining appropriate levels of capital expenditures and enabling rapid deleveraging.
07:40 EDTANNAnn Inc. rises 19% to $46 after agreeing to be acquired by Ascena Retail
Subscribe for More Information
07:35 EDTANNAscena Retail to acquire Ann Inc. for $47 per share
Subscribe for More Information
07:35 EDTANNAscena Retail to acquire Ann Inc. for $47 per share
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use