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Stock Market & Financial Investment News

News Breaks
August 25, 2014
12:19 EDTGILD, LTM, RGDO, THI, QIHU, GSK, RHHBY, BKW, CELG, ANN, SNY, ITMNOn The Fly: Midday Wrap
Stocks on Wall Street continued their recent run higher, pushing the S&P 500 above 2,000 for the first time ever. The benchmark index hit the record level despite a report that showed new home sales unexpectedly declined in July. At the lunch hour, the averages were just off their best levels and the S&P had dipped back just below the 2K milestone. ECONOMIC EVENTS: In the U.S., the Chicago Fed's National Activity index jumped to 0.39 in July from an upwardly revised 0.21 in June. Markit's preliminary August services PMI came in at 58.5, which was down from a prior reading of 60.8 but above the 58.0 consensus projection. New home sales dropped 2.4% to a 412K rate in July, missing expectations for them to have risen to a 430K annualized rate. COMPANY NEWS: Shares of InterMune (ITMN) surged 35.5% to trade just below $73 per share near noon after the company agreed to be acquired by Roche (RHHBY) for $74.00 per share in an all-cash transaction. The deal announcement comes less than two weeks after Bloomberg reported that Roche, along with big pharmaceutical peers Sanofi (SNY) and GlaxoSmithKline (GSK), had made takeover bids for the smaller drugmaker. A number of other biotech companies gained following the deal announcement, including Gilead (GILD), which rose about 3%, and Celgene (CELG), which advanced 2%... Burger King (BKW) shares rose 19% after the company confirmed it is in talks regarding a potential strategic transaction with Canadian donut chain Tim Hortons (THI). The new publicly-listed company, which would be headquartered in Canada, would be the world's third-largest quick service restaurant company with about $22B in system sales and over 18,000 restaurants. Shares of Tim Horton's trading in New York also gained 20% following the confirmation of news reported by The Wall Street Journal over the weekend. MAJOR MOVERS: Among the notable gainers was Life Time Fitness (LTM), which rose 10% after confirming the company has initiated a process to explore a potential conversion of its real estate assets into a Real Estate Investment Trust, or REIT. Also higher was Ann Inc. (ANN), which gained 4.5% after Engine Capital and Red Alder, who collectively own over 1% of the company's outstanding shares, urged the company to explore value creating opportunities, including a potential sale. Among the noteworthy losers was Regado Biosciences (RGDO), which plunged 60% and was downgraded at Deutsche Bank and Jefferies after the company announced the permanent termination of enrollment in its REGULATE-PCI phase 3 trial for its lead program. Also lower after its earnings report was Chinese Internet services provider Qihoo 360 (QIHU), which dropped 8%. INDEXES: Near midday, the Dow was up 96.27, or 0.57%, to 17,097.49, the Nasdaq was up 21.29, or 0.47%, to 4,559.85, and the S&P 500 was up 11.14, or 0.56%, to 1,999.54.
News For BKW;THI;ITMN;RHHBY;RGDO;SNY;GSK;LTM;ANN;QIHU;GILD;CELG From The Last 14 Days
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June 22, 2015
06:02 EDTQIHUStocks with implied volatility below IV index mean; QIHU LULU
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June 19, 2015
16:00 EDTGILDOptions Update; June 19, 2015
iPath S&P 500 VIX Short-Term Futures up 11c to 18.21, Option volume leaders: AAPL TWTR BAC T FB GILD NFLX BABA AAL MU AMZN
13:38 EDTQIHUOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU PIR RHT BLUE KMX RAD KBH ADBE ACM KR
07:38 EDTQIHUQihoo 360 forms special committee to consider 'going private' proposal
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06:40 EDTGILDPatent linked to Gilead's Solvadi rejected by China, Reuters reports
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06:09 EDTQIHUStocks with implied volatility below IV index mean; QIHU SINA
Stocks with implied volatility below IV index mean; Qihoo 360 (QIHU) 22, SINA (SINA) 45 according to iVolatility.
06:08 EDTQIHUStocks with implied volatility below IV index mean; QIHU SINA
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June 18, 2015
13:08 EDTGSKGlaxoSmithKline management to meet with Piper Jaffray
Meeting to be held in Minneapolis on June 23 hosted by Piper Jaffray.
10:33 EDTQIHUOptions with decreasing implied volatility
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07:36 EDTGILDReceptos remains an attractive takeover candidate, says Leerink
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June 17, 2015
12:23 EDTQIHUOn The Fly: Top stock stories at midday
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10:37 EDTQIHUOptions with decreasing implied volatility
Options with decreasing implied volatility: QIHU BOX RH ADBE NLY
10:05 EDTQIHUQihoo 360 Technology calls active following proposal to acquire
Qihoo 360 Technology June 70 and 72 calls are active on total call volume of 11K contracts (1K puts) following receipt of non-binding proposal to acquire company. June call option implied volatility is at 55, June is at 58, July is at 27, September is at 25; compared to its 52-week range of 40 to 66. Active call volume suggests traders taking positions for large price movement.
09:49 EDTQIHUQihoo 360 gaps up, levels to watch
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09:40 EDTQIHUActive equity options trading on open
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09:36 EDTQIHUActive equity options trading on open
Active equity options trading on open: AAPL FB AMD ADBE TWTR BABA QIHU NFLX BAC
09:17 EDTQIHUOn The Fly: Pre-market Movers
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07:32 EDTCELGCelgene announces additional $4B share repurchase authorization
Celgene Corporation announced that during its June meeting the company's Board of Directors authorized the repurchase of up to an additional $4B of the company's common stock. This open-ended program is effective immediately. Purchases may be made in the open market or in privately negotiated transactions from time to time, as determined by Celgene's management and in accordance with the requirements of the Securities and Exchange Commission. Celgene now has a total of approximately $5.2B remaining from previous authorizations plus the new authorization. Since 2009, Celgene has returned approximately $12.3B to shareholders through the repurchase program.
07:14 EDTRHHBYProthena announces PRX002 was safe, well tolerated
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06:42 EDTQIHUQihoo 360 announces receipt of non-binding proposal to acquire company
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