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Stock Market & Financial Investment News

News Breaks
February 12, 2014
07:52 EDTCNVRConversant upgraded to Buy from Hold at Craig-Hallum
Craig-Hallum upgraded Conversant to Buy following solid Q4 results, easier comps, and tremendous cash flow. Price target raised to $28 from $20.
News For CNVR From The Last 14 Days
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September 15, 2014
09:59 EDTCNVROn The Fly: Analyst Upgrade Summary
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September 13, 2014
07:34 EDTCNVRConversant upgraded to Neutral from Sell at Goldman
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September 12, 2014
16:44 EDTCNVRMarket ends week lower as investors fret over Fed statement
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16:20 EDTCNVROn The Fly: Closing Wrap
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12:51 EDTCNVROn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The day’s economic data, including retail sales figures, a report on import prices, and business inventories data, were generally in line with expectations. The economic bright spot was the University of Michigan consumer confidence report which came in higher than expected. The market is on the verge of ending the week lower, which would be its first weekly loss in the last seven. ECONOMIC EVENTS: In the U.S., sales at retailers climbed 0.6% in August, matching expectations but also representing the fastest pace in four months. Retail sales growth for July was also revised upward to 0.3% from a prior estimate of having been flat. Import prices dropped 0.9% in August, while export prices slipped 0.5%. The University of Michigan preliminary consumer sentiment reading for for September rose to 84.6, beating expectations for it to be up more modestly to 83.3. Business inventories grew 0.4% in July, as expected. COMPANY NEWS: Shares of eBay (EBAY) were up more than 2% near noon after rumors circulated that Google (GOOG) may look to take a stake in the company. However, an eBay spokesperson denied the speculation, telling Reuters that the company has held "no conversations" with Google about acquiring a stake. MAJOR MOVERS: Among the notable gainers was digital marketing services company Conversant (CNVR), which soared 30% after Alliance Data Systems (ADS) agreed to acquire it for about $2.3B in cash and stock. Following last night's announcement of the deal, some Conversant peers rose as well, as Criteo (CRTO) gained almost 5% and TubeMogul (TUBE) rose 1%, while Alliance Data gained over 2%. Among the noteworthy losers was Amarin (AMRN), which dropped 22% after an office within the FDA denied the company's appeal of FDA's rescission of the ANCHOR clinical trial Special Protocol Assessment agreement. Also lower were shares of Ruckus Wireless (RKUS), which fell 5% after one analyst downgraded the shares and another initiated coverage of the stock with an Underweight rating. INDEXES: Near midday, the Dow was down 66.43, or 0.39%, to 16,982.57, the Nasdaq was down 19.83, or 0.43%, to 4,571.97, and the S&P 500 was down 10.28, or 0.51%, to 1,987.17.
10:00 EDTCNVROn The Fly: Analyst Downgrade Summary
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09:14 EDTCNVROn The Fly: Pre-market Movers
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08:56 EDTCNVRConversant downgraded to Hold from Buy at Craig-Hallum
Conversant (CNVR) is being acquired by Alliance Data (ADS) for $35 per share.
08:42 EDTCNVRRocket Fuel volatility expected to move on Alliance Data acquiring Conversant
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08:31 EDTCNVRConversant downgraded to Hold from Buy at Lake Street
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07:14 EDTCNVRAlliance Data acquisition looks positive, says JMP Securities
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06:53 EDTCNVRConversant volatility expected to move on Alliance Data acquiring for $2.3B
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06:44 EDTCNVRConversant downgraded to Market Perform from Outperform at Raymond James
Conversant (CNVR) is being acquired by Alliance Data (ADS) for $35 per share.
06:14 EDTCNVRConversant downgraded to Neutral from Buy at B. Riley
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05:39 EDTCNVRConversant downgraded to Hold from Buy at Jefferies
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September 11, 2014
18:35 EDTCNVROn The Fly: After Hours Movers
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17:02 EDTCNVRConversant soars after Alliance data to acquire company for $2.3B
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16:07 EDTCNVRAlliance Data to acquire Conversant for $35 per share, or $2.3B
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16:04 EDTCNVRAlliance Data to acquire Conversant for $35 per share, or $2.3B
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15:40 EDTCNVRConversant trading halted, pending news
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