New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
June 12, 2013
16:20 EDTBIIB, LYV, HMA, GT, VOD, ULTA, CTBOn The Fly: Closing Wrap
Stocks on Wall Street were lower despite opening sharply higher as the market looked to avoid its first three day losing streak of the year. Downside momentum quickly took hold however, and the averages moved steadily lower through the session, moving to their lows in the final hour of trading but finishing just off those levels. ECONOMIC EVENTS: In the U.S., the MBA's purchase applications composite index rose 5.0% for the week. The U.S. posted a $139B May budget deficit against expectations for a $130B deficit, and compared to a $124.6B deficit a year ago. In Europe, factory production in the 17-nation euro area rose 0.4% in April from March, compared to expectations for it to remain unchanged. COMPANY NEWS: Cooper Tire (CTB) agreed to be acquired by India's Apollo Tyres for $35.00 per share in cash, or $2.5B. Cooper shares surged $10.10, or 41.12%, to $34.66 to trade near $34.50 following the deal announcement, while peer Goodyear Tire (GT) advanced about 33c, or 2.26%, to $14.93... Live Nation (LYV) shares gained $2.33, or 16.84%, to $16.17 after the company announced it prevailed in an arbitration ruling related to a ticketing license software agreement... MAJOR MOVERS: Among the notable gainers was Ulta Salon (ULTA), up $12.51, or 14.87%, to $96.64 following its quarterly earnings report. Also higher was Health Management (HMA), up $1.58, or 11.34%, to $15.51 after Glenview Capital said in a filing it is seeking to repeal a provision that prevents entities from holding more than 15% of the company's stock and saying it would look to nominate candidates to the company's board. Among noteworthy losers was Biogen (BIIB), down $16.48, or 7.39%, to $206.55 after the stock was downgraded to Neutral from Buy at Citigroup, which cited concerns that EU medical regulators are unlikely to approve the company's multiple sclerosis treatment. Also lower were U.S.-listed shares of Vodafone (VOD), down 71c, or 2.47%, to $28.12 after the company confirmed it approached Kabel Deutschland about a possible deal. INDICES: The Dow was down 126.79, or 0.84%, to 14,995.23; the S&P 500 was down 13.61, or 0.84%, to 1,612.52; the Nasdaq was down 36.52, or 1.06%, to 3,400.43.
News For CTB;GT;LYV;ULTA;HMA;BIIB;VOD From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | all recent news | >>
February 24, 2015
06:49 EDTVODVodafone downgraded to Underperform from Neutral at BofA/Merrill
Subscribe for More Information
February 23, 2015
07:46 EDTGTJPMorgan to hold a conference
Global High Yield & Leveraged Finance Conference is being held in Miami Beach, FL on February 23-25 with webcasted company presentations to begin on February 23 at 8:20 am; not all company presentations may be webcasted. Webcast Link
07:33 EDTCTBCooper Tire announces new $200M share repurchase authorization
Cooper Tire & Rubber Company announced that its Board of Directors has authorized the repurchase of up to $200M of the company’s outstanding common stock through December 31, 2016. Shares will be repurchased from time to time, based on market conditions and will be executed through open market purchases, privately negotiated purchases or otherwise. All or part of the repurchases may be implemented under Rule 10b5-1 trading plans, which allow repurchases under pre-set terms when the company might otherwise be prevented from doing so. The repurchased shares will be held in Treasury and used for general corporate purposes. The company recently completed a $200M accelerated share repurchase program announced in August 2014.
07:32 EDTCTBCooper Tire sees FY15 CapEx $205M-$215M, effective tax rate 30%-35%
Subscribe for More Information
07:31 EDTCTBCooper Tire reports Q4 EPS 45c ex-gain, consensus 64c
Subscribe for More Information
February 20, 2015
15:31 EDTCTBCooper Tire volatility elevated into Q4 and outlook
Subscribe for More Information
14:12 EDTLYVLive Nation has all claims dismissed in lawsuit from 2009
Subscribe for More Information
10:30 EDTGTOptions with decreasing implied volatility
Subscribe for More Information
February 19, 2015
18:25 EDTBIIBPiper Jaffray biotech analyst to hold analyst/industry conference call
Subscribe for More Information
14:08 EDTBIIBBiogen consortium identifies new ALS gene and signaling pathways
Subscribe for More Information
February 18, 2015
08:21 EDTVODBofa European telecom equipment analysts hold analyst/industry conference call
Subscribe for More Information
February 17, 2015
18:06 EDTVODPaulson & Co gives quarterly update on stakes
Subscribe for More Information
10:12 EDTGTGoodyear Tire moves higher after earnings, levels to watch
At the last price of $26.95, the stock is up over 3.3% on the day following its earning report before market open. Resistance is at the high of the day at $27.22 and then at $27.51, the bottom of a bearish gap down in price from January. Support is at the 50-day moving average, last at $26.57.
08:18 EDTGTGoodyear Tire backs 2015-2016 operating income growth of 10%-15%
Backs 2015-2016 annual positive free cash flow from operations and an adjusted debit to EBITDAP ratio of 2.0x to 2.1x.
08:17 EDTGTGoodyear Tire reports Q4 Tire unit volumes totaled 39.5M
Original equipment unit volume was down 1 percent, primarily due to continued industry weakness in Latin America. Replacement tire shipments were down 4 percent, due to lower sales of winter tires in Europe resulting from one of the warmest winters on record.
08:17 EDTGTGoodyear Tire reports Q4 EPS excl items 59c, consensus 58c
Subscribe for More Information
05:00 EDTGTGoodyear Tire volatility elevated into Q4 and outlook
Goodyear Tire February call option implied volatility is at 90, March is at 43, April is at 33; compared to its 26-week average of 36 according to Track Data. Elevated volatility suggests traders taking positions for large price movement into the expected release of Q4 results today.
February 16, 2015
19:13 EDTVODLiberty Global may become takeover target, NY Times says
Subscribe for More Information
February 13, 2015
16:58 EDTVODGreenlight Capital gives quarterly update on stakes
Subscribe for More Information
08:19 EDTBIIBAckman noncommittal on McDonald's rumors, Bloomberg reports
Subscribe for More Information
1 | 2 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use