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News Breaks
February 27, 2014
10:36 EDTEWC, ZU, AXL, CTRX, CBLHigh option volume stocks: CBL AXL EWC CTRX ZU
News For CBL;AXL;EWC;CTRX;ZU From The Last 14 Days
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November 18, 2015
10:08 EDTZUGoPro sinks after analyst finds cameras on flash sales sites
The shares of action camera maker GoPro (GPRO) are sinking and hit a new 52-week low after research firm Piper Jaffray reported that the company has been offering significant discounts on its cameras. WHAT'S NEW: GoPro's cameras have been selling on flash sales websites such as Zulily (ZU) and Groupon (GRPN) at price discounts of 16%-34%, Piper analyst Erinn Murphy wrote in a note to investors today. As a result of these discounts and the 147% increase in GoPro's inventory at the end of the third quarter, the analyst is concerned that the company's gross margin could be pressured. In addition to the discounts GoPro is offering on the flash websites, the camera maker cut the price of its GoPro Session camera on Amazon to $299 from $399 in September and there has been "select downward price movement" on two more of its cameras on Amazon, Murphy reported. The analyst continues to expect GoPro's Q4 earnings per share to come in at 34c, versus analysts' consensus estimate of 41c. She slashed her fiscal 2016 EPS estimate for the company to $1.03 from $1.35, versus the consensus outlook of $1.37. Murphy reduced her price target on the stock to $15 from $20 and kept an Underweight rating on the name. WHAT'S NOTABLE: Ambarella (AMBA) makes chips used in GoPro's cameras. Best Buy (BBY), which is due to report its results tomorrow, sells GoPro's cameras. PRICE ACTION: In early trading, GoPro fell 8% to $19.19. Earlier today, it hit a new 52-week low of $19.04.
November 17, 2015
08:22 EDTCBLJefferies to hold events at NAREIT
Jefferies Company Events being held at NAREIT in Las Vegas on November 17-18.
November 16, 2015
17:02 EDTAXLPoint72 added to lululemon position, subtracted from Netflix position
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08:33 EDTCBLCBL sells Mayfaire Towne Center for $56.3M
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November 13, 2015
09:01 EDTCBLCBL & Associates to adopt proxy access by-law amendment
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