Stock Market & Financial Investment News

News Breaks January 29, 2013 07:33 EDT FIO, STX Seagate investment validates Fusion-io market opportunity, says Piper Jaffray Piper Jaffray views Seagate's (STX) $40M investment in Virident as a validation of the overall market opportunity for Fusion-io (FIO). The firm says Virident is the only logical alternative to Fusion-io and that Seagate's investment likely increases the takeover premium Fusion-io will garner. Piper thinks Seagate's investment will not change the competitive dynamic in the space as Virident has already received investments from Intel (INTC), Cisco (CSCO), Micron (MU) and others. The firm keeps an Overweight rating on Fusion-io shares with a $33 price target. News For FIO;STX From The Last 14 Days Check below for free stories on FIO;STX the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 23, 2013 10:08 EDT STX On The Fly: Analyst Upgrade Summary Subscribe for More Information 05:40 EDT STX Seagate upgraded to Buy from Hold at Deutsche Bank Deutsche Bank upgraded Seagate citing the move towards higher-margin enterprise drives and expectations for HDD unit growth to resume in the second half of 2013. The firm raised its price target for shares to $46 from $40. May 22, 2013 07:29 EDT FIO Fusion-io calls volatility flat, shares near record low Fusion-io overall option implied volatility of 56 is near its 26-week average of 55 according to Track Data, suggesting non-directional price movement into the company may be in play after valuation decline, Bloomberg reports. 07:22 EDT FIO Fusion-io may be in play after valuation decline, Bloomberg reports Subscribe for More Information May 17, 2013 11:04 EDT FIO Fusion-io calls June active on renewed takeover chatter Fusion-io June 16 and 18 calls are active on total call volume of 2,800 contracts (520 puts). June call option implied volatility is at 62, September is at 60, December is at 54; compared to its 26-week average of 55 according to Track Data. Active call volume suggests traders taking positions for larger price movement following renewed takeover chatter. 10:21 EDT FIO Rumor: Fusion-io moves off lows on renewed takeover chatter Subscribe for More Information May 15, 2013 17:09 EDT STX Greenlight gives quarterly update on stakes NEW STAKES: Oil States International (OIS), Hess (HES), Spirit (SPR), IAC/InterActiveCorp (IACI), and Capital Bank (CBF). INCREASED STAKES: Apple (AAPL). DECREASED STAKES: Microsoft (MSFT), Seagate (STX), Delphi (DLPH), CBS (CBS), and Computer Sciences (CSC). LIQUIDATED STAKES: Ensco (ESV), Xerox (XRX), Yahoo (YHOO), NVR (NVR), and Google (GOOG). May 14, 2013 12:47 EDT FIO Options with increasing implied volatility: FMCN FIO SVU BKS Subscribe for More Information 10:01 EDT FIO On The Fly: Analyst Upgrade Summary Subscribe for More Information 09:38 EDT STX Active equity option families trading on open Subscribe for More Information 09:14 EDT FIO On The Fly: Pre-market Movers Subscribe for More Information 07:12 EDT FIO Fusion-io management to meet with Benchmark Co. Subscribe for More Information 06:14 EDT FIO Fusion-io upgraded to Buy from Neutral at UBS UBS upgraded Fusion-io due to share weakness following management resignations and strong quarterly results and outlook. Price target raised to $19 from $16. May 13, 2013 11:12 EDT FIO Options with increasing implied volatility: BKS FIO SOHU AGNC HNZ Subscribe for More Information May 10, 2013 12:32 EDT FIO Options with increasing implied volatility: SNTA BKS FIO QIHU VMED May 9, 2013 12:15 EDT FIO Fusion-io CEO says customer reaction to resignations 'positive' Subscribe for More Information 10:55 EDT STX Seagate falls after Chanos comments at Sohn Conference The shares are down nearly 5% at time of writing, heading for the $40 level. At the current price of $40.29, next support is at $39.63, and then at $38.05. Resistance is at $41.23. 09:19 EDT STX On The Fly: Pre-market Movers UP AFTER EARNINGS: Tesla (TSLA), up 23.7%... Green Mountain (GMCR), up 14.5%... Groupon (GRPN), up 14.1%... Walter Investment (WAC), up 6.1%... News Corp. (NWSA), up 3.9%... ALSO HIGHER: Barnes & Noble (BKS), up 29.4% after TechCrunch says Microsoft (MSFT) may buy Nook Media assets for $1B... Oil States (OIS), up 4.2% after David Einhorn recommends shares at investor conference... MGM Resorts (MGM), up 1.2% following upgrade to Buy at Sterne Agee. DOWN AFTER EARNINGS: Rackspace (RAX), down 21.6%... Monster Beverage (MNST), down 9.8%... McDermott (MDR), down 8.3%... Activision Blizzard (ATVI), down 7.1%. ALSO LOWER: Seagate (STX), down 3.4%, and Western Digital (WDC), down 2.2% after negative mention of both by Jim Chanos at Sohn conference. 09:14 EDT STX Seagate volatility low into Chanos cautious mention Subscribe for More Information 05:45 EDT FIO Stocks with implied volatility movement; FIO SVU Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.