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December 5, 2012
18:38 EDTALGN, VRA, AMBA, DCTH, DHIL, ASNA, ELX, MW, GRMN, FNSROn The Fly: After Hours Movers
UP AFTER EARNINGS: Finisar (FNSR), up 6%... Ascena Retail (ASNA), up 2%... Ambarella (AMBA), up 1.5%... ALSO HIGHER: Garmin (GRMN), up 4% after being added to S&P 500, effective December 11 close... Diamond Hill Investment Group (DHIL), up 5% after announcing $8 per share special dividend... DOWN AFTER EARNINGS: Vera Bradley (VRA), down 9%... Men's Warehouse (MW), down 8% after earnings and lowered guidance... ALSO LOWER: Delcath Systems (DCTH), down 11% after announcing a modified NDA with the FDA... Align Technology (ALGN), down 4% after saying it sees EPS, revenue at lower end of previous guidance... Emulex (ELX), down 3% after announcing acquisition, reaffirming previous guidance.
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October 8, 2015
19:14 EDTASNAOn The Fly: After Hours Movers
UP AFTER EARNINGS: Helen of Troy (HELE), up 8.6%. ALSO HIGHER: Ascena Retail Group (ASNA), up 5.6% after GGC Public Equities Opportunities reports 9% stake in the company... Tribune Media (TRCO), up 5.7% after announcing that it is exploring strategic monetization alternatives for Tribune Tower and adjacent land... Aduro BioTech (ADRO), up 1.7% after receiving a milestone payment from Janssen Janssen Biotech (JNJ) for submitting an Investigational New Drug Application to the FDA for ADU-214. DOWN AFTER EARNINGS: Ruby Tuesday (RT), up 7.6%... AngioDynamics (ANGO), down 4.3%... Alcoa (AA), down 5%. ALSO LOWER: Gap (GPS), down 5.7% after reporting September Same Store Sales... Verastem (VSTM), down 4% after announcing that it will reduce its workforce by 50% to 20 employees... Super Micro Computer (SMCI), down 16.7% after lowering its first quarter non-GAAP EPS guidance... LDR Holding (LDRH), down 19.4% after reports preliminary third quarter revenue.
16:22 EDTASNAGGC Public Equities Opportunities reports 9% stake in Ascena Retail
GGC Public Equities Opportunities believe that the Common Stock is an attractive investment that is significantly undervalued, presenting an opportunity for a firm such as Golden Gate to become a significant shareholder in a scale, high-quality, and well-managed business at a very attractive valuation.
11:10 EDTASNAOptions with increasing implied volatility
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08:34 EDTDCTHDelcath Systems' Chemosat issued reimbursement coverage in Germany
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07:14 EDTAMBAAmbarella volatility flat as shares near six-month low
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05:24 EDTASNAStocks with implied volatility movement; ASNA BP
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October 7, 2015
17:19 EDTDCTHDelcath Systems files $77.4M mixed securities shelf
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17:11 EDTASNAAscena Retail subsidiary ANN Inc. makes management transition
Ascena Retail announced that Kay Krill is transitioning from President and CEO of subsidiary ANN and has been appointed to ascena's Board of Directors. Gary Muto, who currently serves as President of ANN brands, will succeed Krill as CEO of ANN. Kay Krill has served as President and CEO of ANN INC. since 2005.
11:33 EDTAMBAGoPro drops to 52-week low after Morgan Stanley slashes price target
GoPro (GPRO) shares, which are down over 50% year-to-date, fell to a new 52-week low in morning trading after an analyst from Morgan Stanley lowered the action camera maker's price target as a result of disappointing sales of its Session device. WHAT'S NEW: Morgan Stanley analyst James Faucette maintained an Equal Weight rating on GoPro's shares but slashed his price target on the stock to $35 from $62, saying that "disappointing" HERO4 Session sales indicate future disappointments, absent marked improvements in usability. Faucette said that recent checks were "decidedly more negative" since customers prefer the HERO4 Silver's screen and video quality over the Session's smaller form factor. Disappointing demand for the Session resulted in the company deciding to reduce the price to $299 a week ago, down $100 lower than the $399 price tag in July, the analyst noted. Faucette added that mobile software improvements and editing are still lagging behind apps available on Google's (GOOG) Android and Apple's (AAPL) iOS systems. WHAT'S NOTABLE: On September 23, Cowen also lowered its price target on GoPro shares to $60 from $76, saying that the slower than expected sales for the HERO4 Session now seem well discounted. Separately, on September 19, Alexander Eule argued in a Barron's article that GoPro's share price may drop to as low as $25, calling the company's cameras a "one-product wonder" akin to BlackBerry (BBRY) smartphones and Palm digital organizers. Three days later, GoPro chief executive officer Nick Woodman said in an interview with CNBC that it was "short-sighted" to refer to his company as a "one trick pony." Woodman added that the Session was selling against incumbents and that it was unreasonable to believe it would immediately become a top seller. RISING COMPETITION: In the same CNBC interview, GoPro's head said that companies such as Sony (SNE), which is viewed as a major competitor in the market for cameras, have actually helped GoPro expand total reach and that its market share has grown since Sony entered the market. In addition, on September 22, Woodman said that he does not believe Apple (AAPL), which was granted patents for action cameras in January, is "investing and exploring GoPro-like devices," Fortune reported. PRICE ACTION: In morning trading, GoPro shares dropped 9.7% to $27.69. Earlier in the session, the stock hit a new 52-week low of $27.52. ANOTHER TO WATCH: Ambarella (AMBA), which supplies chips to GoPro, fell 2.5% to $60.15.
11:04 EDTASNAAscena Retail October volatility at 52-week high
Ascena Retail October call option implied volatility is at 76, November is at 65; compared to its 52-week range of 23 to 58, suggesting large price movement.
10:52 EDTASNAOptions with increasing implied volatility
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10:01 EDTASNAOn The Fly: Analyst Initiation Summary
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07:22 EDTASNAAscena Retail initiated with a Neutral at Citi
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October 6, 2015
12:58 EDTAMBAAscendiant to hold an analyst/industry conference call
Senior Technology Analyst David Williams discusses Ambarella's strategic positioning and competitive dynamics on an Analyst/Industry conference call to be held on October 6 at 1 pm.
October 5, 2015
08:46 EDTASNAAscena Retail reinstated with a Sell at Goldman
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September 30, 2015
08:04 EDTDCTHDelcath Systems' Chemosat for liver metastases shows efficacy in two studies
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September 29, 2015
10:00 EDTGRMNOn The Fly: Analyst Initiation Summary
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09:22 EDTDHILMorningstar to hold a conference
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08:30 EDTAMBAAmbarella fundamentals unchanged, selloff a buying opportunity, says Canaccord
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September 28, 2015
16:07 EDTGRMNGarmin initiated with a Neutral at Sterne Agee CRT
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