New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
August 25, 2014
06:24 EDTFNSRFinisar September volatility elevated into Q1 and outlook
Finisar September call option implied volatility is at 51, October is at 45, December is at 42; compared to its 26-week average of 44 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on September 4.
News For FNSR From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
June 22, 2015
10:21 EDTFNSROptions with decreasing implied volatility
Subscribe for More Information
June 19, 2015
16:17 EDTFNSROn The Fly: Top stock stories for Friday
Stocks on Wall Street began the session in negative territory and remained there throughout the entire day. The economic calendar was quiet and the news flow was slow, leaving the averages to move in a narrow range until the final hour, when “quadruple witching” action kicked in and moved them a leg lower. The simultaneous expiration of futures and options can cause increased volatility, which occurred as the day’s volume was light. ECONOMIC EVENTS: In the U.S., Baker Hughes reported that the U.S. Rig Count declined 2 rigs from last week to 857. In Europe, the ECB agreed to raise the limit on Emergency Liquidity Assistance to Greek banks for the second time in a week, though there were contradictory reports about the size of the increase. Next, the eurozone's heads of government will meet for an emergency summit to discuss Greece on Monday. In Asia, China's Shanghai Composite index dropped 6.4%, bringing the benchmark's weekly loss to 13.3% and sending the index into correction territory. The Bank of Japan kept interest rates unchanged and maintained its asset purchases program, as expected. The BOJ also said it will reduce the number of policy meetings it holds each year to 8 from the current 14 meetings, putting it on par with other major central banks. COMPANY NEWS: Shares of ConAgra (CAG) advanced $4.31, or 11.02%, to $43.43 after activist investor Jana Partners reported that it has acquired a 7.2% stake in the packaged foods company. Jana suggested that the company should undertake a strategic review of its strategy and corporate structure to determine if its businesses are optimally positioned to succeed, as well as various potential alternative transactions and structures... Another food producer, Hershey (HSY), fell $3.38, or 3.66%, to $88.89 after lowering its outlook for this fiscal year. The chocolate maker said its North America confectionery business is on track to deliver on its 2015 financial objectives, but cited growth in China that was below expectations for its lowered outlook. Hershey also announced the implementation of a new productivity initiative that will result in the company cutting about 300 jobs by the end of this year. MAJOR MOVERS: Among the notable gainers following the activist involvement in ConAgra were a number of its peers, including Pinnacle Foods (PF), which rose 8.58% to $46.80, and Treehouse Foods (THS), which gained 4.86% to $75.55. Also higher was KB Home (KBH), which gained $1.41, or 9.43%, to $16.37 after the homebuilder reported better than expected results for its fiscal second quarter. Among the noteworthy losers was Healthways (HWAY), which sunk $3.13, or 20.15%, to $12.40 after the health management solutions provider lowered its revenue outlook for fiscal year 2015. Also lower were shares of Finisar (FNSR), which fell $2.27, or 10.25%, to $19.88 and were downgraded at Raymond James following the company's fourth quarter earnings report last night. INDEXES: The Dow dropped 101.56, or 0.56%, to 18,014.28, the Nasdaq fell 15.95, or 0.31%, to 5,117.00, and the S&P 500 lost 11.49, or 0.54%, to 2,109.75.
12:49 EDTFNSROptical networking stocks slide after Finisar results
Subscribe for More Information
10:00 EDTFNSROn The Fly: Analyst Downgrade Summary
Subscribe for More Information
09:18 EDTFNSROn The Fly: Pre-market Movers
Subscribe for More Information
09:14 EDTFNSRFinisar downgraded to Outperform at Raymond James
As previously reported, Raymond James downgraded Finisar to Outperform from Strong Buy and lowered its price target to $24 from $27. The firm is less positive regarding expense control and margins given increased competition among web scale customers.
06:54 EDTFNSRFinisar downgraded to Outperform from Strong Buy at Raymond James
Subscribe for More Information

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