New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 28, 2014
16:28 EDTBBRY, KING, RH, PCG, CLVS, BIIBOn The Fly: Closing Wrap
Stocks on Wall Street were higher, but closed well off their best levels, as the averages traded in a now-familiar pattern of a higher open followed by afternoon weakness. With just one trading day remaining in March, the Dow and S&P 500 are roughly flat for the month, while the Nasdaq has declined more than 3%. ECONOMIC EVENTS: In the U.S., personal income and consumer spending both rose 0.3% in February, matching expectations. The core PCE price index rose 0.1% in the month, which was also in-line with estimates. The final University of Michigan consumer sentiment reading for March came in at 80.0, which was down from February's 81.6 reading and a bit below expectations. In Europe, an index of executive and consumer sentiment rose to 102.4 in March from 101.2 in February, beating the consensus estimate of economists. COMPANY NEWS: BlackBerry (BBRY) reported a fourth quarter loss that was narrower than expected on revenue that missed expectations and fell below $1B for the first time since 2007. The handset maker said it sold 3.4M smartphones during the quarter. BlackBerry also said its cash and equivalents totaled $2.7B at March 1, down from $3.2B at the end of the prior quarter, and the company said it is targeting break-even cash flow by the end of its fiscal 2015. Shares of the company initially traded higher following the report, but closed down 64c, or 7.07%, to $8.41... King Digital (KING) lost another 41c, or 2.22%, to $18.08 to finish its first abbreviated week of trade down more than 14% following the "Candy Crush" maker's Wednesday initial public offering. MAJOR MOVERS: Among the notable gainers was home furnishing retailer Restoration Hardware (RH), up $8.12, or 12.73%, to $71.93 after its first quarter profit view beat estimates. Also higher were shares of Idera Pharmaceuticals (IDRA), up 69c, or 17.78%, to $4.57 after the company's Phase 2 trial of its treatment for moderate-to-severe plaque psoriasis met its primary objective. Among the noteworthy losers was PG&E Corporation (PCG), down $1.75, or 4.01%, to $41.89 after reporting that they expect that the federal government will bring criminal charges against the utility in connection with the 2010 San Bruno natural gas transmission pipeline accident. Following the announcement the stock was downgraded at Deutsche Bank and Citigroup. Also lower were a number of biotech names, including Clovis Oncology (CLVS), down $9.99, or 12.44%, to $70.33, and Biogen (BIIB), down $15.94, or 5.05%, to $294.12 as the sector continued to see significant weakness, as it often has in recent trade. INDEXES: The Dow was up 58.83, or 0.36%, to 16,323.06; the S&P 500 was up 8.58, or 0.46%, to 1,857.62; the Nasdaq was up 4.53, or 0.11%, to 4,155.76.
News For BBRY;KING;RH;PCG;CLVS;BIIB 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 | >>
October 20, 2014
11:10 EDTBBRYLenovo may make $15 per share BlackBerry bid shortly, Benzinga says
Subscribe for More Information
07:32 EDTBIIBCubist names Perez CEO to succeed Bonney
Subscribe for More Information
06:04 EDTBBRYAcacia Research subsidiary enters into agreement with BlackBerry
Acacia Research announced that its Cell and Network Selection subsidiary entered into an agreement with Blackberry Corporation and Blackberry Limited (BBRY). The agreement resolved litigation that was pending between Cell and Network Selection and Blackberry in the U.S. District Court for the Eastern District of Texas.
06:03 EDTBBRYBlackBerry implied volatility of 51 at lower end of index mean range
Subscribe for More Information
October 17, 2014
06:56 EDTPCGPG&E could deal with $1M penalty over PUC correspondence, LA Times says
Subscribe for More Information
06:46 EDTBBRYBlackBerry implied volatility of 55 at lower end of index mean range
Subscribe for More Information
October 16, 2014
10:01 EDTRHOn The Fly: Analyst Initiation Summary
Subscribe for More Information
07:21 EDTRHRestoration Hardware initiated with a Buy at Deutsche Bank
Subscribe for More Information
06:09 EDTBBRYBlackBerry implied volatility of 56 at lower end of index mean range
Subscribe for More Information
October 14, 2014
11:23 EDTBIIBBIND Therapeutics and The Conference Forum hold a conference
Subscribe for More Information
09:54 EDTKINGKing Digital falls, levels to watch
Subscribe for More Information
October 13, 2014
07:46 EDTBBRYBlackBerry second half hardware estimates lowered at Canaccord
Canaccord lowered its second half of 2015 hardware estimates for Blackberry after surveys show limited availability of its new Passport smartphone. The firm, however, expects improving trends and believes Blackberry will achieve its target of reaching break-even cash low levels. Canaccord maintains its Hold rating and $10 price target on Blackberry shares.
October 9, 2014
09:41 EDTRHBofA/Merrill retail analysts hold an analyst/industry conference call
Subscribe for More Information
06:54 EDTRHRestoration Hardware initiated with an Outperform at Raymond James
Subscribe for More Information
October 8, 2014
10:48 EDTKINGGlu drops despite Benchmark optimism about Kardashian game
Research firm Benchmark Co. upgraded digital video game maker Glu Mobile (GLUU) to Buy from Hold, based on optimism about the company's upcoming third quarter earnings report. WHAT'S NEW: Glu may report higher than expected third quarter sales and earnings before interest taxes depreciation and amortization on October 29, Benchmark analyst Mike Hickey wrote in a note to investors today. The company may also raise its fourth quarter guidance, Hickey believes. Glu's results are being lifted by the success of the company's "Kim Kardashian: Hollywood" game, the analyst believes. He has a $5.90 price target on the name. WHAT'S NOTABLE: Taking the opposite view on Glu Mobile in an article yesterday was a short-selling blog, TheStreetSweeper. The blog said it "wouldn't be surprised" if the company cut its Q4 guidance, as Kim Kardashian and other Glu games "are fading fast." Company insiders are "selling huge chinks" of the company's shares, added the blog. Northland Capital analyst Darren Aftahi yesterday countered by accusing TheStreetSweeper of "acting as a megaphone" for shorts in the name, trying to drive down the stock in a weak market, and producing an article that is "full of conjecture." The analyst said he thinks the company could beat Q3 revenue expectations by a large amount, potentially producing a "massive short squeeze." OTHERS TO WATCH: Other digital video game makers include Zynga (ZNGA) and King Digital (KING). PRICE ACTION: In early trading, Glu dropped 4% to $4.56.
October 7, 2014
10:02 EDTBBRYOn The Fly: Analyst Initiation Summary
Subscribe for More Information
10:02 EDTPCGOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
08:39 EDTPCGPG&E downgraded at CRT Capital
As previously reported, CRT Capital downgraded PG&E to Fair Value from Buy. The firm downgraded shares based on expectations the two pending regulatory proceedings will be indefinitely delayed and increases the burden to shareholders. Price target lowered to $43 from $51.
07:24 EDTBIIBAlliance for Regenerative Medicine
Subscribe for More Information
06:41 EDTPCGPG&E downgraded to Fair Value from Buy at CRT Capital
Subscribe for More Information
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