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Stock Market & Financial Investment News

News Breaks
May 28, 2014
16:24 EDTAGN, VRX, TWTR, SYK, SNN, DSW, DDDOn The Fly: Closing Wrap
Stocks on Wall Street finished lower following a session that began in quiet fashion and remained that way throughout the day. The volume was light, the trading range was tight, and the news flow failed to produce a catalyst that brought buyers into the fray. The S&P 500 touched an all-time high during the session, but was unable to hold onto its narrow gains into the close. Investors will have a busier economic calendar to look forward to tomorrow, which will include the first quarter annualized GDP numbers, weekly jobless claims data, a personal consumption reading, and energy inventory reports. ECONOMIC EVENTS: In the U.S., no major economic data was released. In Europe, a measure of business confidence In the euro area increased to 0.37 in May from 0.28 in April. COMPANY NEWS: Shares of Allergan (AGN) fell $8.90, or 5.39%, to $156.12 after Valeant Pharmaceuticals (VRX) raised the cash portion of its takeover bid by $10 to $58.30, along with 0.83 of a Valeant share and a new contingent value right, or CVR, related to DARPin sales which would provide up to approximately $25.00 per share of additional value. Wells Fargo calculated that, based on Valeant's closing price yesterday, the total new offer for Allergan is around $166 per share, which the firm believes may still be insufficient for Allergan. Following the new bid, which Allergan said it will "carefully review and consider," Valeant shares slid $3.00, or 2.31%, to $126.95. MAJOR MOVERS: Among the notable gainers was Twitter (TWTR), which climbed $3.26, or 10.69%, to $33.77 after Japanese bank Nomura upgraded the stock to Buy from Neutral in a note to investors. Also higher was Stryker (SYK), which rose $2.28, or 2.84%, to $82.64 after Financial Times reported this morning that the company was preparing a takeover bid for its U.K-based rival Smith & Nephew (SNN) and Stryker's CEO reportedly confirmed in an interview that the company was in the early stages of evaluating a potential acquisition of its peer. However, Stryker, at the urging of a British regulator, said it does not intend to make an offer for Smith & Nephew at this time, but reserved the right to make a future bid. Smith & Nephew shares trading in New York advanced $2.71, or 3.37% to $83.05. Among the noteworthy losers was shoe retailer DSW (DSW), which fell $8.90, or 27.37%, to $23.62 and was downgraded at Sterne Agee and Citigroup after its quarter report and yearly profit outlook disappointed. Also lower was 3D Systems (DDD), which slipped $6.20, or 10.95%, to $50.44 after announcing a secondary offering of about 6 million shares. INDEXES: The Dow fell 42.32, or 0.25%, to 16,633.18, the Nasdaq dropped 11.99, or 0.28%, to 4,225.08, and the S&P 500 declined 2.13, or 0.11%, to 1,909.78.
News For AGN;VRX;TWTR;SYK;SNN;DSW;DDD From The Last 14 Days
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September 4, 2014
06:19 EDTDDD3D Systems downgraded to Sector Perform from Outperform at Pacific Crest
September 3, 2014
16:01 EDTTWTROptions Update; September 3, 2014
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11:35 EDTTWTRStocks with call strike movement; BBRY TWTR
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09:36 EDTTWTRActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
08:31 EDTDDD3D Systems acquires LayerWise, terms not disclosed
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08:03 EDTTWTRTwitter management to meet with Deutsche Bank
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September 2, 2014
16:00 EDTTWTROptions Update; September 2, 2014
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15:55 EDTDDD3D Systems initiated with a Buy at Fintrust
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11:32 EDTTWTRStocks with call strike movement; BBRY TWTR
BlackBerry (BBRY) March 12 call option implied volatility decreased 6% to 48, Twitter (TWTR) December 57.5 call option implied volatility increased 5% to 48 according to IVolatility.
11:08 EDTDSWOptions with decreasing implied volatilit
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10:02 EDTSNNOn The Fly: Analyst Downgrade Summary
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09:41 EDTTWTRActive equity options trading on open
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09:07 EDTVRX, AGNAllergan filed answer in federal court reponding to Valeant, Pershing claims
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08:45 EDTDDD3D Systems partners with Vortex VR
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08:05 EDTAGNAllergan says Ozurdex apporved in EU for treatment of diabetic macular edema
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05:22 EDTSNNSmith & Nephew downgraded to Hold from Buy at Jefferies
September 1, 2014
14:07 EDTTWTRTwitter revamps sign up page, Re/code says
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August 31, 2014
13:58 EDTDDDBrean Capital to hold a conference
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13:33 EDTDSWGoldman to hold a conference
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13:23 EDTSNNGoldman to hold a conference
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