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News For CLSN;TSLA From The Last 14 Days Check below for free stories on CLSN;TSLA the last two weeks. |
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| May 16, 2013 | | 16:29 EDT |  | TSLA | On The Fly: Closing Wrap
Stocks on Wall Street were lower following some disappointing economic data and a hint from a regional Fed president that the central bank may taper its easing program in the coming months. The averages traded in a narrow range for much of the session before moving lower in the final hour of trading. Comments by San Francisco Fed president John Williams late in the afternoon, suggesting that the central bank may begin slowing its bond buying pace by the summer, may have spurred the late session selling. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares added $2.66, or 12.54%, to $23.87 to lead the blue chip index after the company's results beat expectations on the top and bottom lines. Wal-Mart fell $1.36, or 1.7%, to $78.50 after its first quarter earnings sand second quarter outlook missed the consensus forecast... Tesla Motors (TSLA) last night announced a stock and debt offering of more than $800M, with CEO Elon Musk announcing his intent to buy $100M of the offering, and shares of the electric car maker added $7.36, or 8.67%, to $92.20. MAJOR MOVERS: Among notable gainers was Aegerion (AEGR), up $14.73, or 31.37%, to $61.70 after the company said its Juxtapid treatment may have a $1B global market opportunity and at least two analyst firms raised their price targets on its shares. Also higher was Constellation Brands (STZ), up $1.52, or 3.03%, to $51.76 after the stock was upgraded at Stifel and ISI Group. Among noteworthy losers following analyst downgrades were AMD (AMD), which fell 55c, or 12.56%, to $3.83 after Goldman downgraded the stock to Sell, and CSC (CSC), which slid $2.12, or 4.74%, to $42.59 after being cut to Hold at Deutsche Bank. Also lower following its quarterly report was NetQin Mobile (NQ), down 72c, or 7.5%, to $8.88. INDICES: The Dow was down 42.47, or 0.28%, to 15,233.22; the Nasdaq was down 6.38, or 0.18%, to 3,465.24; and the S&P 500 was down 8.31, or 0.50%, to 1,650.47. | | | 14:39 EDT |  | TSLA | Tesla upsizing convertible bond offering to $525M from $450M, Reuters reports
The company is also revising the price talk to 1.5%-2% with the conversion premium fixed at 35%, from 2%-2.5% and 30%-35%, according to Reuters. | | | 14:01 EDT |  | TSLA | Options Update; May 16, 2013
 Subscribe for More Information | | | 12:24 EDT | | TSLA | On The Fly: Midday Wrap
The S&P 500 was virtually unchanged at midday following a deluge of domestic economic data this morning. The S&P began the session in negative territory, but only moderately lower, after investors received a host of data prior to the open, including reports on jobless claims, consumer prices, and housing starts. ECONOMIC EVENTS: In the U.S., initial jobless claims rose 32K to 360K last week, compared to expectations for them to remain relatively stable at 330K. The consumer price index dropped a larger than forecast 0.4% in April, though the "core" CPI rate rose 0.1%, as expected. Housing starts were down 16.5% in April from the prior month, versus an expected decrease of 6.4%, though building permits jumped 14.3% from the prior month, beating an expected increase of 3.8%. The Philadelphia Fed General Business Conditions Index for May came in at -5.2, versus expectations for a +2.2 reading. COMPANY NEWS: Earnings reports from two Dow members, Wal-Mart (WMT) and Cisco (CSCO), sent their shares in opposite directions. Cisco shares advanced 12% to lead the blue chip index after the company's results beat expectations on the top and bottom lines and prompted price target increases at several analyst firms. Wal-Mart, in contrast, lagged all Dow names, sliding 2% after its earnings for the just ended quarter and its view of the current quarter missed the consensus forecast... After the closing bell, Tesla Motors (TSLA) said it intends to raise about $830M by offering 2.7M common shares and $450M in convertible senior notes. CEO Elon Musk will buy $100M worth of the stock and debt, the company said, and its recently high-flying shares rose another 6%. MAJOR MOVERS: Among the notable gainers rising following Cisco's better than expected results and commentary were Ciena (CIEN), which rose 8%, and Cavium (CAVM), which advanced 4%. Also higher were shares of NetApp (NTAP), which gained over 6% after Bloomberg said activist investor Elliott Management has taken a stake in the company and is pushing its board to explore ways to boost shareholder value. Among the noteworthy losers were Oncothyreon (ONTY), which fell 20%, and Biomarin (BMRN), down 5%, after both pharmaceutical companies, among a number of others, published data to be presented at ASCO, an annual meeting of oncologists. Also lower was AMD (AMD), which declined 14% following a downgrade to Sell at Goldman Sachs. INDICES: Near noon, the Dow was up 12.47, or 0.08%, to 15,288.16; the Nasdaq was up 8.74, or 0.25%, to 3,480.36; and the S&P 500 was nearly flat at 1,658.80. | | | 12:24 EDT | | TSLA | Tesla May 90 straddle priced for 6.2% movement
Subscribe for More Information | | | 09:59 EDT |  | TSLA | Tesla falls from earlier spike high, levels to watch
Subscribe for More Information | | | 09:36 EDT | | TSLA | Active equity option families trading on open
Subscribe for More Information | | | 09:19 EDT |  | TSLA | On The Fly: Pre-market Movers
Subscribe for More Information | | | 09:16 EDT | | TSLA | Tesla spikes higher after stock, debt offering, levels to watch
Subscribe for More Information | | | 07:42 EDT | | TSLA | Tesla Motors volatility elevated into filing to sell common stocks, debt
Subscribe for More Information | | | | 07:28 EDT |  | CLSN | I/O Central to host a conference
Subscribe for More Information | | | 06:03 EDT |  | TSLA | Tesla capital raise reduces financial risk, says Barclays
Subscribe for More Information | | | May 15, 2013 | | 19:34 EDT | | TSLA | On The Fly: After Hours Movers
Subscribe for More Information | | | 16:32 EDT | | TSLA | Tesla CEO Musk interested in buying 1.2M shares of company stock
Subscribe for More Information | | | 16:30 EDT | | TSLA | Tesla up $4.19, or 4.94%, to $89.03 after filing to sell common stock, debt
| | | 16:24 EDT | | TSLA | Tesla files to sell 2.703M shares of common stock
Subscribe for More Information | | | 16:05 EDT | | TSLA | Tesla files automatic common stock and debt securities shelf
| | | 16:02 EDT | | TSLA | Options Update; May 15, 2013
Subscribe for More Information | | | 09:59 EDT | | TSLA | Tesla volatile, but range narrowing versus prior sessions
Volume in the shares is still high relative to the 3-month average, last at 4,651,580 shares per day. That amount has already been exceeded in the first half-hour of trading but is well below prior session pace. A further drop in volume interest could potentially increase price volatility as support for the shares at these levels could be difficult to maintain. The $86 area was ticked briefly and continues to be resistance after becoming, briefly, support yesterday. At the current price of $84.22, next support is at $83.03. Until shares reduce intraday volatility, any of these levels could easily be taken out. The current daily high at $86.87 and the low at $78.11 may be more effective bounds to use for longer trading times. | | | 09:43 EDT | | TSLA | Active equity option families trading on open
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