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Stock Market & Financial Investment News

News Breaks
August 4, 2014
11:39 EDTGPRO, TWTRStocks with call strike movement; GRPO TWTR
GoPro (GPRO) January 43 call option implied volatility decreased 5% to 54, Twitter (TWTR) November 50 call option implied volatility decreased 2% to 52 according to IVolatility.
News For GPRO;TWTR From The Last 14 Days
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November 19, 2014
05:26 EDTTWTRVimpelCom announces partnership with Twitter
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November 18, 2014
16:00 EDTTWTROptions Update; November 18, 2014
iPath S&P 500 VIX Short-Term Futures down 48c to 28.09. Option volume leaders: AAPL TSLA TWTR KO PBR GILD according to Track Data.
11:28 EDTGPROGoPro rises after company, shareholders file to sell 10.36M shares
Shares of GoPro (GRPO) are rising in early trade after the company filed to sell 10.36M shares of its stock on behalf of the company and its stockholders. WHAT'S NEW: GoPro announced in a prospectus that it is selling about 1.29M shares of class A common stock and that selling stockholders are selling 9.073M shares of class A common stock. The holders of the company's outstanding class B common stock will hold approximately 96.1% of the voting power following this offering, with its executive officers and directors and their affiliates holding approximately 65% and CEO Nicholas Woodman holding approximately 42.5% after his sale of about 4.08M shares of class A common stock in this offering, the company explained. GoPro estimated that it will receive net proceeds of $97.1M from the sale of class A shares, assuming a public offering price of $79.15 per share. The company said it expects to use the net proceeds of this offering for general corporate purposes including working capital, adding that it may also use a portion of the net proceeds to acquire or invest in complementary businesses, technologies or assets. "However, we have no present commitments or agreements to enter into any acquisitions or make any investments," GoPro noted. WHAT'S NOTABLE: On November 10, GoPro shares slipped after its CEO acknowledged he planned to sell some of his stake as part of this stock offering. In a regulatory filing at that time, the company shared an email message sent by Woodman to employees, in which he assured that he plans to be a "significant shareholder in GoPro for a long time." Additionally, on its earnings conference call this morning, Dick's Sporting Goods (DKS) management said it continues to be "extremely enthusiastic" about the electronics category, particularly wearables, GoPro cameras, and the Fitbit activity tracker. ANALYST OPINION: In a note to investors this morning, Pacific Crest said channel checks for high end GoPros are looking better than expected. The firm said it sees upside to the upcoming quarter for Ambarella (AMBA), which provides components used by GoPro in its cameras. Pacific Crest increased its price target on Ambarella shares to $55 from $47 and maintains its Outperform rating on the stock. PRICE ACTION: In morning trading, shares of GoPro rose 4.2% to $84.92, while Ambarella (AMBA) gained 5.8% to $51.60.
09:32 EDTTWTRActive equity options trading according to Track Data: AAPLTSLA TWTR FB
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November 17, 2014
16:58 EDTGPROGoPro files to sell 9.07M shares of common stock for holders
16:58 EDTGPROGoPro files to sell 1.29M shares of common stock
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16:00 EDTTWTROptions Update; November 17, 2014
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09:36 EDTTWTRActive equity options trading
Active equity options trading according to Track Data: AAPL PBR BHI GILD MU HD AMZN TSLA YHOO FB TWTR
November 14, 2014
16:26 EDTTWTRNasdaq clear leader as major averages end week higher
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16:01 EDTTWTROptions Update; November 14, 2014
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09:38 EDTTWTRActive equity options trading
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November 13, 2014
16:03 EDTTWTROptions Update; November 13, 2014
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15:42 EDTTWTRTwitter heads for lows of the day following steady decline
The shares have been on a downside move since the start of the session. The initial gap up in price was met with selling that did not really pause for long. Volume is more than double the average. S&P assigned an unsolicited BB- corporate credit rating which has additionally weighed on the shares. At the current price of $40.26 next support is at $40, $39.38, and $37.45.
14:59 EDTTWTRS&P assigns Twitter unsolicited BB- rating
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11:22 EDTTWTRDan Niles says looking to short more of Twitter
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09:47 EDTGPROTexas legislator wants police to wear body cameras, KDFW says
A Texas state senator has proposed a bill that would have every patrol officer in the state wearing body cameras, according to Dallas local Fox affiliate KDFW. Companies that make body cameras for police include Taser (TASR), Digital Ally (DGLY), and GoPro (GRO). Reference Link
09:40 EDTTWTRActive equity options trading
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08:58 EDTTWTRTwitter analyst day yields cohesive growth strategy, says Canaccord
Canaccord said Twitter's analyst day presentation yielded a cohesive strategy, which increased their confidence in management. The firm continues to like the stock, citing the company's broadly defined user base and engagement and the monetization potential of these users. Canaccord reiterated its Buy rating and $56 price target on Twitter shares.
08:58 EDTTWTRTwitter met needs at Investor Day, says RBC Capital
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07:24 EDTTWTRTwitter addressed key challenges at analyst day, says JPMorgan
JPMorgan reiterates an Overweight rating on Twitter with a $64 price target saying the company addressed the key challenges around product and monthly active users at its analyst day. The firm it is encouraged that new product launches over the next 12 months will be heavier than it's ever been.
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