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Stock Market & Financial Investment News

News Breaks
February 15, 2013
06:41 EDTTTWO, EA, GME, ATVI, ZNGA, GLUUJanuary NPD sales down 19% on normalized basis, says Piper Jaffray
Piper Jaffray notes that NPD software sales in January grew 1% year-over-year given an extra week in the retail calendar. Consensus had been expecting down 4%, Piper says. On an apples-to-apples basis, NPD sales in January declined 19% year-over-year. The firm says it is encouraged to see that Activision (ATVI) and Take-Two (TTWO) continued to gain market share into January. Piper reiterates Overweight ratings on Activision, Take-Two, and Gamestop (GME).
News For ATVI;EA;GLUU;GME;TTWO;ZNGA From The Last 14 Days
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May 4, 2015
10:31 EDTGLUUOptions with decreasing implied volatility
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May 1, 2015
07:08 EDTEAElectronic Arts volatility elevated into Q1 and outlook
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April 30, 2015
16:55 EDTGLUUOn The Fly: Top stock stories for Thursday
Stocks on Wall Street opened lower and remained in negative territory throughout the day. The market received little help from better than expected data on jobless claims and personal income and spending reports. The market moved in a fairly narrow range for most of the day, albeit at sharply lower levels. ECONOMIC EVENTS: In the U.S., initial jobless claims slid 34K to 262K in the week ended April 25, versus expectations for 290K first time claims. Personal income was unchanged in March, versus expectations for a 0.2% increase, while consumer spending rose 0.4%, versus expectations for a 0.5% increase. The Chicago PMI rose 6.0 points to 52.3 in April, which was better than the expected 50.0 reading. COMPANY NEWS: Shares of Apple (AAPL) slid $3.49, or 2.71%, to $125.15 after The Wall Street Journal reported after the market close yesterday that the company was forced to limit production of its Apple Watch after a part involved in the watch's taptic engine supplied by AAC Technologies was shown to break down over time, forcing the company to shift to the use of a part produced by a second supplier. Apple has moved almost all of its production of the part to Nidec, but the Japanese supplier may take time to ramp up production, the report noted. MAJOR MOVERS: Among the notable gainers was Glu Mobile (GLUU), which jumped $1.36, or 25.19%, to $6.76 after the social game maker reported better than expected first quarter results, announced a game development deal with Britney Spears and said Tencent Holdings (TCEHY) had agreed to buy a stake in the company. Also higher was ClickSoftware (CKSW), which gained $2.60, or 26.48%, to $12.42 after agreeing to be acquired by private funds managed by Francisco Partners Management in an all-cash transaction valued at approximately $438M. Under the terms of the agreement, Francisco Partners will acquire all of ClickSoftware's outstanding ordinary shares for $12.65 per share in cash. Among the noteworthy losers was Yelp (YELP), which dropped $11.89, or 23.19%, to $39.39 after reporting lower than expected Q1 revenue and giving worse than expected revenue guidance, resulting in downgrades by at least four firms this morning. Also lower were shares of CTC Media (CTCM), which fell $77c, or 18.08%, to $3.49 after the company reported its first quarter results and said it will not to declare a dividend in Q2 to "preserve the financial and strategic flexibility" of the company. INDEXES: The Dow fell 195.01, or 1.08%, to 17,840.52, the Nasdaq lost 82.22, or 1.64%, to 4,941.42, and the S&P 500 declined 21.34, or 1.01%, to 2,085.51.
12:27 EDTGLUUOn The Fly: Top stock stories at midday
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10:11 EDTGLUUHigh option volume stocks
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09:18 EDTGLUUOn The Fly: Pre-market Movers.
UP AFTER EARNINGS: Glu Mobile (GLUU), up 28.2% after reporting first quarter results and deals with Tencent and Britney Spears... Civeo (CVEO), up 3.05... TASER (TASR), up 9.6%... Virgin America (VA), up 2.7%... Noble Corp (NE), up 1.8%... Statoil (STO), up 2.8%... Alpha Natural (ANR), up 3.6%... Exxon Mobil (XOM), up 1.4%... Phillips 66 (PSX), up 1.2%... NXP Semiconductors (NXPI), up 2.4%. ALSO HIGHER: Clicksoftware (CKSW), up 27.8% after being acquired by Francisco Partners... JetBlue (JBLU), up 1.4% after being upgraded to Outperform from Neutral at Credit Suisse... WuXi PharmaTech (WX), up 16.5% after receiving going private proposal. DOWN AFTER EARNINGS: Yelp (YELP), down 17.1%... Celgene (CELG), down 2.4%... STMicroelectronics (STM), down 11.4%... Harman International (HAR), down 9%... Potash (POT), down 2.4%... Generac (GNRC), down 7%... Nokia (NOK), down 8.7%... Baidu (BIDU), down 2.6%. ALSO LOWER: Inovio Pharmaceuticals (INO), down 18.1% after 9.5M share Spot Secondary priced at $8.00... Miller Energy (MILL), down 9% after receiving 'Wells Notice'... Scorpio Tankers (STNG), down 7.5% after 15M share Spot Secondary priced at $9.30... Advaxis (ADXS), down 6% after 2.8M share Spot Secondary priced at $19.00.
09:14 EDTGLUUOn The Fly: Pre-market Movers.
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08:51 EDTGLUUGlu Mobile investment by Tencent has strategic potential, says Cowen
Cowen said Glu Mobile (GLUU) reported "impressive" Q1 results and also noted its key partnership with Tencent and announcement that Britney spears will be joining its list of celebrity game personalities. The firm believes the Tencent (TCEHY) deal has strategic potential and highlights Glu's undervaluation. Cowen reiterated its Outperform rating and $10 price target on Glu Mobile shares, which are up 27% to $6.84 in pre-market trading.
April 29, 2015
19:09 EDTGLUUOn The Fly: After Hours Movers
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16:22 EDTGLUUGlu Mobile up 17% after reporting Q1 results, deal with Tencent
16:21 EDTGLUUGlu Mobile sees FY15 EPS 20c-24c, consensus 25c
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16:20 EDTGLUUGlu Mobile sees Q2 EPS (5c)-(3c), consensus (2c)
Sees FY15 non-GAAP revenue $50M-$52M, consensus $50.86M.
16:19 EDTGLUUGlu Mobile reports Q1 EPS 2c, consensus (1c)
Reports Q1 revenue $69.5M, consensus $51.6M.
16:18 EDTGLUUTencent to purchase 21M shares of Glu Mobile stock for $6.00 per share
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16:16 EDTGLUUGlu Mobile adds Britaney Spears to celebrity roster
Glu Mobile announced that the company will partner with Britney Spears on the development of a new mobile game. The exclusive agreement spans a five-year term with the possibility of a three-year extension. Featuring the voice, likeness, and creative influence of Spears, the game will allow players to interact with Britney and experience the glitz and glamour of the entertainment business. Glu expects to launch the game worldwide in the first half of 2016. Glu will provide additional details on the game’s development and Britney Spears’ involvement at a later date.
April 27, 2015
10:38 EDTZNGAZynga enters into retention pacts with two executives
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08:12 EDTATVIActivision Blizzard reveal Call of Duty: Black Ops III
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April 24, 2015
09:37 EDTZNGAActive equity options trading on open
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April 23, 2015
17:26 EDTZNGAZynga COO resigns
In a regulatory filing, Zynga reports that on April 19, Clive Downie provided notice of his resignation from his position as COO of Zynga, effective April 19.
10:26 EDTGMEGameStop management to meet with BB&T
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