New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 18, 2012
16:36 EDTGNW, IVN, CHK, INTC, YPF, SXCI, BRK.B, IBM, RIO, CHSI, BRK.AOn The Fly: Closing Wrap
Stocks on Wall Street were lower, as earnings, particularly from the technology sector, disappointed. Stock futures were lower following yesterday’s big advance but closed the pre-market trading session just slightly below fair value. There were no economic numbers released before the open so investors focused on the earnings reports from companies including IBM (IBM) and Intel (INTC). The market opened at its session highs and quickly moved lower by roughly 0.5%, where it sat for several hours. The market selling then picked up in the afternoon, with the indices hitting session lows and struggling the rest of the day... ECONOMIC EVENTS: In the U.S., crude oil inventories grew more than expected, while gasoline and distillates inventories shrank more than analyst forecast. In Europe, investors are anxious to see what emerges from Spain's auction of two-year notes and 10-year debt, which occurs tomorrow... NEWS: Reuters reported that the CEO of Chesapeake Energy (CHK) took out as much as $1.1B in unreported loans in the last three years, raising the possibility of conflicts of interest. Chesapeake’s stock price fell 5.54% throughout the day, ending at $18.06... Berkshire Hathaway’s (BRK.A;BRK.B) Warren Buffett was diagnosed with treatable stage one prostate cancer. Berkshire’s stock price fell slightly on the news, ending the day down 1.29% at $119,750... MAJOR MOVERS: Among the notable gainers were Catalyst Health Solutions (CHSI), skyrocketing 34.14%, to $85.23, after it was acquired in a merger with SXC Health Solutions (SXCI), and Ivanhoe (IVN), up 15.99%, to $13.64, after CEO Robert Friedland resigned in a sweeping agreement with majority shareholder Rio Tinto (RIO) that involved funding for the massive Oyu Tolgoi copper-gold mining project in Mongolia. Noteworthy losers included YPF (YPF), which resumed trading after being halted and continued to plummet, down 32.72%, to $13.12, following the Argentine government’s nationalization of the company, and Genworth Financial (GNW), down 23.77%, to $5.87, after the company decided to postpone its IPO of its Australian unit backing home loans to early 2013 after “elevated” losses in the country this year... INDICES: The Dow lost 82.79 points, or 0.63%, to 13,032.75; the Nasdaq fell 11.37 points, or 0.37%, to 3,031.45; and the S&P 500 dropped 5.64 points, or 0.41%, to 1,385.14.
News For B;CHK;CHSI;SXCI;IVN;RIO;YPF;GNW From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 2, 2015
11:14 EDTCHKStocks with call strike movement; CHK PBR
Subscribe for More Information
June 29, 2015
10:09 EDTCHKOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
06:45 EDTCHKChesapeake upgraded to Buy from Underperform at Sterne Agee CRT
Sterne Agee CRT upgraded Chesapeake (CHK) two notches to Buy from Underperform and increased its price target to $13 from $9. The firm said shares are now oversold and the "short" call is now crowded. Sterne Agee CRT said management is working to mitigate the near-term liquidity drain and is aggressively pursuing alternatives to keep pipeline counter-party Williams Companies (WMB) whole on its contract, which could reset shares higher. The firm said the focus should be on Chesapeake's absolute liquidity and raised estimates to reflect slightly improved NGL fundamentals. Sterne Agee CRT recommends trading oriented accounts cover shorts and go long as any catalyst may drive a short squeeze rally in shares.
June 25, 2015
16:00 EDTCHKOptions Update; June 25, 2015
Subscribe for More Information
15:48 EDTCHKChesapeake options active as share trend lower
Chesapeake July 11 and 12 puts are active on total put volume of 59K contracts (43K puts). July call option implied volatility is at 42, August is at 44; compared to its 52-week range of 23 to 68. Active put volume suggests traders taking positions for large price movement.
10:00 EDTCHKOn The Fly: Analyst Downgrade Summary
Subscribe for More Information
05:56 EDTCHKChesapeake downgraded to Sell from Neutral at UBS
UBS analyst William Featherston downgraded Chesapeake Energy (CHK) to Sell after his firm cut its long-term normalized natural gas price forecast to $4.00 from $4.50. Featherston thinks Chesapeake carries "far too much financial leverage" and he views the shares as expensive relative to peers. The analyst cut his price target for the stock to $11 from $16. Shares of the natural gas producer closed yesterday down 22c to $11.56. Featherston coupled the downgrade with an upgrade of Marathon Oil (MRO) to Buy.
June 22, 2015
16:00 EDTCHKOptions Update; June 22, 2015
iPath S&P 500 VIX Short-Term Futures down 78c to 17.45. Option volume leaders: AAPL FB BAC CHK WMB BABA TWTR MU AMBA TSLA JPM

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