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Stock Market & Financial Investment News

News Breaks
August 11, 2014
10:19 EDTTSL, IRMD, ASH, CDNA, CTRX, GPS, MVNR, ROKA, TPHOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Ashland (ASH) reinstated with an Outperform at Credit Suisse... CareDx (CDNA) initiated with a Buy at Mizuho... Catamaran (CTRX) initiated with an Outperform at FBR Capital... Gap (GPS) initiated with a Neutral at Credit Suisse... Mavenir Systems (MVNR) initiated with a Buy at Stifel... Roka Bioscience (ROKA) initiated with an Outperform at Leerink... TRI Pointe Homes (TPH) resumed with a Buy at Citigroup... Trina Solar (TSL) initiated with a Neutral at Goldman... iRadimed (IRMD) initiated with a Buy at Roth Capital.
News For ASH;CDNA;CTRX;GPS;MVNR;ROKA;TPH;TSL;IRMD From The Last 14 Days
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October 9, 2014
10:41 EDTGPSHigh option volume stocks
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10:00 EDTGPSOn The Fly: Analyst Downgrade Summary
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09:20 EDTGPSOn The Fly: Pre-market Movers
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09:12 EDTCTRXCatamaran acquisition in-line with expectations, says Leerink
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08:33 EDTASHAshland to sell elastomers business to Lion Copolymer, terms not disclosed
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07:41 EDTGPSGap long-term buy thesis remains intact, says UBS
UBS said the long-term buy thesis for Gap remains intact following its disappointing Q3 results and CEO change. The firm expects the CEO transition to be smooth with no meaningful changes in strategy. UBS lowered its second half estimates for Gap and lowered its price target on the stock to $48 from $50, but maintains its Buy rating on the shares.
07:37 EDTCTRXCatamaran acquisition likely to be well-received, says Oppenheimer
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07:33 EDTGPSGap volatility elevated into the retirement of CEO Glenn Murphy
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07:16 EDTGPSGap CEO change positive, says Stifel
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06:11 EDTGPSGap downgraded to Neutral from Buy at Janney Capital
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05:48 EDTGPSGap downgraded to Neutral from Buy at Sterne Agee
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05:38 EDTGPSGap downgraded to Market Perform from Outperform at Wells Fargo
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October 8, 2014
18:31 EDTGPSOn The Fly: After Hours Movers
UP AFTER EARNINGS: Ruby Tuesday (RT), up 19.6%... Exar (EXAR), up 13.7% after reporting second quarter revenue guidance... Alcoa (AA), up 2.2%. ALSO HIGHER: Nuance (NUAN), up 2.5% following rumors that Carl Icahn will recommend that Apple (AAPL) buy the company... GrubHub (GRUB), up just under 1% after being initiated with a Buy at CRT Capital. DOWN AFTER EARNINGS: Kofax (KFX), down 20.1% after reporting first quarter revenue and fiscal 2015 revenue guidance below analyst estimates... ARC Group (ARCW), down 17%... E2open (EOPN), down 8.9%. ALSO LOWER: Gap (GPS), down 7.6% following September same store sales data and CEO transition... AMD (AMD), down 7% after announcing CEO transition.
16:50 EDTGPSGap CEO Glenn Murphy says board planned CEO succession
Gap's outgoing chairman and CEO Glenn Murphy stated that the CEO transition to Art Peck was planned in advance and was a part of the company's growth plan. Murphy stated that the board asked him to stay but he is not able to make a personal commitment to be at the company to execute long-term plans. Murphy says he will work closely with Peck during the transition period. Comments made during CEO transition conference call.
16:34 EDTCTRXCatamaran to acquire Salveo Specialty Pharmacy for $260M in cash
Catamaran announced that it has entered into a definitive agreement to acquire Salveo Specialty Pharmacy, an independent specialty pharmacy company headquartered in St. Petersburg, Florida with business operations in New York and California. Salveo manages approximately $400M in annual drug spend. The purchase price of $260M in cash represents a purchase price multiple of approximately 13x Salveo's trailing-twelve-month EBITDA and is expected to be funded through cash on the balance sheet. This acquisition is expected to be completed during Q4.
16:08 EDTGPSGap trades sharply lower in the extended session
The stock is down over 8% to $38.49 in the after hours market. At that price next support is at $37.25. Resistance is at $39.48.
16:05 EDTGPSGap reports September net sales up 1% vs. last year
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16:03 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
Gap Inc. announced that Art Peck, the president of its Growth, Innovation and Digital division, has been selected by the board to succeed Glenn Murphy as the company’s next CEO, effective February 1, 2015. Murphy made the personal decision to retire from the company at the end of the fiscal year, allowing for a smooth leadership transition. Peck joined the company in 2005. As part of the transition, Bob Fisher will become non-executive Chairman of the board, and Peck will join the board, effective February 1, 2015.
16:01 EDTGPSGap names Art Peck to succeed Glenn Murphy as CEO
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October 7, 2014
08:02 EDTMVNRMavenir Systems VoLTE should drive revenue upside, says Cowen
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