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Stock Market & Financial Investment News

News Breaks
April 9, 2014
10:16 EDTCTSH, IMGN, AXAS, GTNHigh option volume stocks: IMGN GTN RDA AXAS CTSH
News For IMGN;GTN;AXAS;CTSH From The Last 14 Days
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March 31, 2015
06:53 EDTIMGNImmunoGen upgraded to Buy from Hold at Cantor
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March 30, 2015
08:03 EDTIMGNImmunoGen announces $200M non-dilutive royalty transaction
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March 26, 2015
08:07 EDTAXASAbraxas Petroleum management to meet with Johnson Rice
Meetings to be held in Los Angeles/ San Francisco March 31- April 1 hosted by Johnson Rice.
March 25, 2015
19:38 EDTGTNGray Television 12M share Secondary priced at $13.00
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March 24, 2015
14:45 EDTGTNGray Television management to meet with Barrington
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March 23, 2015
16:20 EDTIMGNOn The Fly: Closing Wrap
Stocks on Wall Street opened in relatively quiet fashion and remained that way throughout the session until a sharp selloff in the closing minutes. For most of the day the averages moved in a narrow range, as the Dow broke its streak of consecutive days with triple digit moves. Like stocks, the oil markets had a quiet session that stood out amid the recent volatility in crude prices. A late day drop prevented the major stock indexes from adding to the big gains they'd notched on Friday. ECONOMIC EVENTS: In the U.S., the Chicago Fed's national activity index fell to -0.11 in February, below expectations for a reading of 0.10. Existing home sales rose 1.2% to a 4.88M rate in February, which was below the consensus forecast for them to grow 2% to a 4.92M unit rate. COMPANY NEWS: Shares of Kansas City Southern (KSU) declined $9.21, or 7.96%, to $106.48 after the railroad operator lowered its fiscal year revenue guidance to reflect slower year-to-date carload growth primarily from the energy sector, along with a continued deterioration in the value of the Mexican peso against the U.S. dollar and lower fuel surcharge revenues driven by lower WTI prices. The revenue warning appeared to weigh on others in the rail industry as well, with Union Pacific (UNP) falling $4.67, or 3.98%, to $112.78, Norfolk Southern (NSC) dropping $3.87, or 3.5%, to $106.56 and Canadian National (CNI) sliding $1.13, or 1.65%, to $67.24. MAJOR MOVERS: Among the notable gainers was ImmunoGen (IMGN), which gained $1.25, or 16.8%, to $8.69 after Takeda (TKPYY) licensed rights to use the company's antibody drug conjugate technology. Also higher was Tenet Healthcare (THC), which rose $2.45, or 4.94%, to $52.07 after agreeing to combine its short-stay surgery and imaging center assets into a new joint venture with United Surgical Partners International. Tenet will initially own 50.1% of the joint venture and will consolidate its financial results and will have a path to full ownership of USPI over the next five years through a put/call structure, the company noted. Among the noteworthy losers was MEI Pharma (MEIP), which plunged $4.37, or 69.37%, to $1.93 and was downgraded by at least four Wall Street research firms after the combination of Pracinostat and azacitidine showed no difference in the rate of complete remission, the primary endpoint of a Phase II study, compared to azacitidine alone. Also lower were shares of Vertex (VRTX), which fell $5.21, or 3.98%, to $125.79 after reporting data from a study evaluating VX-661 in combination with ivacaftor in cystic fibrosis that JPMorgan said was generally below expectations. INDEXES: The Dow fell 11.61, or 0.06%, to 18,116.04, the Nasdaq lost 15.44, or 0.31%, to 5,010.97, and the S&P 500 dropped 3.68, or 0.17%, to 2,104.42.
12:57 EDTGTNGray Television management to meet with Sidoti
Meetings to be held in Ohio on March 25 and in Chicago on March 26 hosted by Sidoti.
12:17 EDTIMGNOn The Fly: Midday Wrap
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09:28 EDTIMGNOn The Fly: Pre-market Movers
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06:31 EDTIMGNTakeda licenses rights to use ImmunoGen's antibody drug conjugate technology
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06:03 EDTGTNGray Television files to sell 12M shares of common stock
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March 20, 2015
09:05 EDTCTSHJefferies Euro offshore IT services analyst has analyst/industry conference call
Analysts discusses the market growth in Ofshore IT Services in Continental Europe which is expected to outpace project growth in the U.S., with Cognizant Technology Solutions/EPAM Systems best positioned and IBM/Hewlett Packard disadvantaged on an Analyst/Industry conference call to be held on March 20 at 10 am.
March 17, 2015
07:53 EDTCTSHMatson American Eagle Jack Henry named triple play at Oppenheimer
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