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Stock Market & Financial Investment News

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April 15, 2014
07:38 EDTBIDLoeb says Sotheby's accusations 'misleading,' Reuters says
Activist investor Daniel Loeb, who is fighting to gain control of three board seats at Sotheby's, increased tension by saying that the current board has failed and that its accusations on him are "false" and "misleading," according to Reuters, citing comments from Loeb. Reference Link
News For BID From The Last 14 Days
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May 11, 2015
07:12 EDTBIDSotheby's reports Q1 adjusted EPS 11c, consensus 0c
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May 8, 2015
13:34 EDTBIDSotheby's technical comments ahead of earnings
The shares made a strong advance off the October lows of last year, with a continuation of that trend into February of this year. Since then price has been more range-bound with a low of $40 and a high of $45. Breaks of either end of this range may therefore give some sense of where the stock could go post-earnings. If the news is bullish and there is a breakout above $45 it would resolve the range bullishly and reconnect to the prior uptrend. Additional resistance levels to watch as potential upside objectives would be at $46.65, $48.57, and the $50 area. If the news is bearish, we could expect to see a drift down to the range low at $40. It might take extreme negative news to break support at that level, in which case the following supports could become downside objectives: $38.21, and $37.08.

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