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News Breaks | | | | March 21, 2013 | | 06:32 EDT |  | CWH, ULTA | Stocks with implied volatility below IV index mean; ULTA CWH
Stocks with implied volatility below IV index mean; Ulta Salon (ULTA), CommonWealth REIT (CWH) according to iVolatility. | |
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News For CWH;ULTA From The Last 14 Days Check below for free stories on CWH;ULTA the last two weeks. |
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| June 19, 2013 | | 13:17 EDT |  | CWH | Corvex, Related offer to buy 51% of CommonWealth's credit agreement
Corvex Management and Related Fund Management, whose funds collectively own approximately 9.6% of the outstanding common shares of CommonWealth REIT, issued the following statement regarding misleading statements made by CommonWealth and its representatives regarding the effects of the removal of the entire board of trustees on CommonWealth's outstanding debt obligations: "In order to put an end to CommonWealth's scare tactic campaign and alleviate any shareholder concern we hereby commit that, in the event our consent solicitation is successful and shareholders remove the entire board of trustees, Corvex and Related will immediately offer to buy 51% of the outstanding debt under each of CommonWealth's revolving credit agreement and term loan at par value, so that no acceleration of such loans will occur. Since no such acceleration will occur, cross-acceleration provisions included in other CommonWealth debt obligations will not be triggered and should be of no concern to shareholders. We continue to believe that the removal of the entire board is the only way to effect meaningful change, a position shared by both ISS and Glass Lewis, and we are gratified by the show of support from both large and retail investors. We hope that in light of the foregoing commitment, CommonWealth's trustees will now cease threatening their own shareholders." | | | June 18, 2013 | | 11:36 EDT | | ULTA | Options with decreasing implied volatility: LYV ULTA HRB
 Subscribe for More Information | | | June 17, 2013 | | 11:57 EDT | | ULTA | Options with decreasing implied volatility: DMND LYV CTRX ULTA HRB
| | | 10:39 EDT | | CWH | CommonWealth REIT urges shareholders to take no action to Corvex solicitation
Subscribe for More Information | | | 09:03 EDT | | CWH | Corvex and Related expresses "unacceptable value" for Commonwealth REIT
Subscribe for More Information | | | June 14, 2013 | | 13:11 EDT | | CWH | Marcato Capital urges removal of CommonWealth board
Marcato Capital, a San Francisco-based investment manager that holds approximately 3.7M common shares or approximately 3.1% of the common shares outstanding of CommonWealth REIT, sent a letter to CommonWealth’s independent trustees. In its letter, Marcato agreed with ISS' recommendation that shareholders vote in favor of the removal of the current board. | | | 12:05 EDT | | CWH | CommonWealth REIT comments on ISS report
CommonWealth REIT issued the following statement in response to a recent report from Institutional Shareholder Services regarding the purported written consent solicitation by Corvex Management, Related Fund Management, and others to remove without cause all of the members of CommonWealth's Board: "The Company strongly believes that it is not appropriate for ISS to issue any report or recommendation at this time, as no valid record date has been set and the Corvex/Related activities do not constitute a valid consent solicitation. The validity of the Corvex/Related consent solicitation depends upon a court or an arbitration panel making a number of findings, including that certain of CommonWealth's bylaws are invalid and that its Board members may be removed without cause. The company is also disappointed that ISS issued this report before it is appropriate to do so because it will likely cause confusion among CommonWealth shareholders." The company urges shareholders to ignore the premature recommendation issued by ISS and discard any materials they may have received from Corvex/Related. There is no valid consent solicitation underway and no action is necessary - or even possible - for CommonWealth shareholders to take at this time. | | | 11:14 EDT | | ULTA | Options with decreasing implied volatility: SUPN CTRX NAV ULTA
Subscribe for More Information | | | June 13, 2013 | | 11:51 EDT | | ULTA | Options with decreasing implied volatility: NAV CTRX ULTA LAMR LYV
| | | June 12, 2013 | | 16:20 EDT |  | ULTA | On 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. | | | | 12:53 EDT | | ULTA | Ulta Salon volatility decreases as shares rally on double-digit sales growth
Subscribe for More Information | | | 12:27 EDT | | ULTA | On The Fly: Midday Wrap
Subscribe for More Information | | | 09:54 EDT |  | ULTA | Ulta Salon trades higher after earnings beat, levels to watch
The stock is up over 14.7% to $96.62 after the company reported stronger than expected earnings last night after the close. At current price, resistance is at the high of the session at $98.63. That is below the life high at $103.52. Support is at $94.06. | | | 09:07 EDT | | ULTA | On The Fly: Pre-market Movers
Subscribe for More Information | | | 07:22 EDT |  | ULTA | Ulta Salon price target raised to $98 from $90 at RBC Capital
Subscribe for More Information | | | June 11, 2013 | | 18:50 EDT | | ULTA | On The Fly: After Hours Movers
UP AFTER EARNINGS: Ulta Salon (ULTA), up 9.5%. ALSO HIGHER: Rambus (RMBS), up 8.2% after announcing a patent license agreement that will pay the company $12M per quarter for the next five years. LOWER: Celsion (CLSN), down 22.6% after a Seeking Alpha contributor said the company's Phase III ThermoDox trial was a "total disaster" and that the stock could have 50% downside... Yum! Brands (YUM), down 1.7% after saying it sees Q2 China division same-store sales down 20%... First Solar (FSLR), down 7.1% after filing to sell 8.5M shares of common stock... Icahn Enterprises (IEP), down 5.1% after announcing an offering of depositary units representing limited partner interests. | | | 16:07 EDT |  | ULTA | Ulta sees Q2 EPS 64c-67c, consensus 68c
Sees Q2 revenue $579M-$589M. Comparable store sales for Q213 are expected to increase 4%-6%. The Company reported a comparable store sales increase of 9.3% in Q212. | | | 16:04 EDT | | ULTA | Ulta Salon reports Q1 EPS 65c, consensus 62c
Reports Q1 revenue $582.7M, consensus $576.3M. Comparable store sales (sales for stores open at least 14 months) increased 6.7% including the impact of e-commerce sales, compared to an increase of 10.1% in 1Q12. | | | 15:01 EDT | | ULTA | Notable companies reporting after market close
Subscribe for More Information | | | 12:33 EDT |  | ULTA | Ulta Salon management to meet with Sterne Agee
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