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August 7, 2014
10:28 EDTKORS, WETF, EXPE, FEYE, OWW, GRPN, SALE, GMCR, GPRO, INSMOptions with decreasing implied volatility
Options with decreasing implied volatility: INSM GRPN EXPE GPRO OWW WETF GMCR FEYE KORS SALE
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July 16, 2015
10:00 EDTKORSOn The Fly: Analyst Downgrade Summary
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09:21 EDTKORSMichael Kors downgraded to Mixed from Positive at OTR Global
OTR Global downgraded Michael Kors to Mixed following checks that indicate U.S. Department Store sales are below goals and feedback that popularity is waning due to over distribution.
08:36 EDTFEYEFinjan Holdings files second lawsuit against Blue Coat
Finjan Holdings (FNJN) announced that its subsidiary, Finjan, Inc. has filed a second patent infringement lawsuit against Blue Coat Systems, alleging infringement of seven Finjan patents relating to new infringing Blue Coat products and services. The Complaint, filed July 15, 2015, in the U.S. District Court for the Northern District of California, alleges that Blue Coat's new products and services infringe seven Finjan patents. In particular, Finjan is asserting infringement of U.S. Patent Nos. 6,154,844; 6,965,968; 7,418,731; 8,079,086; 8,225,408; 8,566,580; 8,677,494; four of which are being asserted against Blue Coat for the first time. Finjan is seeking a jury trial; entry of judgment of direct and indirect infringement of certain claims of each of the asserted patents by Blue Coat; preliminary and permanent injunction against Blue Coat and its officers, among others, from infringing the asserted patents; and damages to be determined by a jury. This original case against Blue Coat will be proceeding to trial on July 20, 2015, with all six patents included in Finjan's first complaint against Blue Coat. Those patents include 6,804,780; 6,154,844; 7,418,731; 6,965,968; 7,058,822 and 7,647,633. The trial in the first case is expected to last for two weeks. Finjan has filed patent infringement lawsuits against FireEye (FEYE), Proofpoint, Sophos, Symantec (SYMC), and Palo Alto Networks (PANW) relating to, collectively, more than 20 patents in the Finjan portfolio.
07:09 EDTSALERetailMeNot announces partnership with Placed
RetailMeNot announced a partnership with Placed, a marketing attribution and location analytics company. The strategic partnership with Placed will allow RetailMeNot's retail, restaurant and brand partners to apply attribution insights from Placed. The results will help partners better understand their return on investment on mobile-based in-store marketing campaigns active within the RetailMeNot app.
06:59 EDTGPROPiper positive on GoPro into results, explains recent selloff
Piper Jaffray analyst Erinn Murphy views the risk/reward for shares of GoPro (GPRO) as favorable into the company's Q2 results. Murphy attributes the recent pullback in GoPro to money rotation out of the name following the initial public offering of Fitbit (FIT) as well as Goldman Sachs rolling out coverage with a Neutral rating on July 6. The analyst expects the action camera maker to beat expectations and raise guidance when reporting quarterly results next week. She keeps an Overweight rating on the name with a $68 price target. Shares of GoPro closed yesterday down 47c to $54.50.
06:31 EDTGRPNBlue Calypso announces favorable 'Markman' rulings at District Court
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July 15, 2015
11:24 EDTKORSStocks with call strike movement; AAL KORS
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10:52 EDTGMCRStocks with call strike movement; CHK GMCR
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July 14, 2015
11:16 EDTEXPE, OWWAnalyst says sell Orbitz as risks to Expedia deal mount
The shares of online travel agency Orbitz Worldwide (OWW) are falling after UBS downgraded the stock to Sell from Neutral, citing increased risk that regulators will block the company's proposed takeover by Expedia (EXPE). WHAT'S NEW: Based on recent press reports and his own conversations with players in the online travel sector, UBS analyst Eric Sheridan believes that antitrust concerns surrounding the proposed takeover of Orbitz are mounting. Specifically, travel suppliers are voicing more concern about the deal to regulators, Sheridan stated. Additionally, regulators have vetoed a number of proposed takeovers recently, including Time Warner Cable's (TWC) proposed acquisition by Comcast (CMCSA) and Electroloux's (ELUXY) proposed acquisition of GE's (GE) home appliances unit, Sheridan noted. As a result of these developments, the risk/reward ratio of Orbitz's stock is now "skewed negative," according to the analyst, who cut his price target on the stock to $10 from $12. PRICE ACTION: In morning trading, Orbitz fell 2.4% to $11.12. On February 12, Expedia announced it had agreed to acquire Orbitz for $12 per share in cash.
10:36 EDTOWWOptions with increasing implied volatility
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10:01 EDTOWWOn The Fly: Analyst Downgrade Summary
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10:01 EDTGPROOn The Fly: Analyst Upgrade Summary
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09:46 EDTGPROGoPro rallies sharply, levels to watch
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09:20 EDTOWW, GPROOn The Fly: Pre-market Movers
HIGHER: Natural Health Trends Corp. (NHTC), up 16.2% following second quarter guidance... Transgenomic (TBIO), up 14% after launching genetic test for Leukodystrophy diagnosis... Biocept (BIOC), up 12.4% after launching diagnostic assay for BRAF mutations in melanoma patients... Micron (MU), up 13.1% after WSJ reports that Tsinghua made $23B acquisition offer... SanDisk (SNDK) and AMD (AMD) are up 3.8% and 3.1%, respectively, following reports of Tsinghua offer to Micron... GoPro (GPRO), up 3.2% after being upgraded to Overweight from Equal Weight at Barclays. DOWN AFTER EARNINGS: Wells Fargo (WFC), down 1%... JPMorgan (JPM), down fractionally. ALSO LOWER: Vince Holding (VNCE), down 16.3% after being downgraded to Market Perform from Outperform at William Blair... Tonix Pharmaceuticals (TNXP), down 8.3% after 2.3M share Spot Secondary priced at $7.50... Spirit Airlines (SAVE), down 7.4% after pricing pressure leads to reduced fiscal 2015 margin view... Orbitz Worldwide (OWW), down 2.8% after being downgraded to Sell from Neutral at UBS.
08:00 EDTGPROAmazon, GoPro advance after analysts up ratings to buy
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07:52 EDTSALERetailMeNot initiated with an Equal Weight at Morgan Stanley
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06:33 EDTGRPNBlue Calypso completes hearing in case against Groupon and Yelp
Blue Calypso (BCYP) announced that on July 8, it completed its Claim Construction Hearing, or "Markman hearing" for its patent infringement lawsuits against Groupon (GRPN), Foursquare, Yelp (YELP) and IZEA in the Eastern District Court of Texas. Judge Rodney Gilstrap presided. As is typical in Markman hearings, no ruling was issued from the bench. It is anticipated that the District Court's ruling will be announced in the next several weeks. The PTAB review which successfully concluded in December required a similar process of defining the terms of the patents. While the District Court has the ability to take reference from the PTABs construction, they are not required to adopt the PTAB's definition.
06:06 EDTEXPE, OWWOrbitz downgraded to Sell from Neutral at UBS
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05:36 EDTGPROBarclays upgrades GoPro to buy on progress since IPO
Barclays analyst Joseph Wolf upgraded GoPro to Overweight from Equal Weight saying the company's progress since going public has reduced his concerns "considerably." Overweight is his firm's equivalent of a buy rating. In a note to investors this morning, Wolf highlights the action camera maker's "solid" execution, acquisitions and continued brand strength. GoPro's total addressable market is expanding both demographically and geographically, while expectations for the new Hero4 and upcoming drone are reasonable, Wolf writes. He raised his price target for shares to $65 from $50. GoPro closed yesterday down 40c to $52.11.
05:30 EDTGPROGoPro upgraded to Overweight from Equal Weight at Barclays
Barclays analyst Joseph Wolf upgraded GoPro to Overweight saying the company's progress since going public has reduced his concerns "considerably." Wolf highlights the action camera maker's "solid" execution, acquisitions and continued brand strength. He raised his price target for shares to $65 from $50. GoPro closed yesterday down 40c to $52.11.
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