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Stock Market & Financial Investment News

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May 30, 2014
10:45 EDTCL, DLLR, INSM, TSN, MNKD, IPG, NPSPOptions with increasing implied volatility
Options with increasing implied volatility: INSM NPSP MNKD DLLR IPG TSN CL
News For INSM;NPSP;MNKD;DLLR;IPG;TSN;CL From The Last 14 Days
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January 13, 2015
16:03 EDTIPGMcCann Worldgroup Detroit appoints Lance Miller as Chief Technology Officer
McCann Worldgroup Detroit announced that Lance Miller has been named Chief Technology Officer. Miller will lead the IT department, oversee the integration of existing and emerging technologies and build a cohesive infrastructure for the Worldgroup Detroit teams, Commonwealth//McCann global operations and their respective clients. Miller joins the company after serving as Director of Client Services for Southfield, Michigan-based UltraLevel, where he oversaw the Professional Services, Managed Services and Learning Services business units. Prior to that, he spent four years at MRM//McCann. McCann Worldgroup is part of the Interpublic Group.
10:00 EDTNPSPOn The Fly: Analyst Downgrade Summary
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06:56 EDTTSNTyson may see 'some impact' to business by China poultry ban, WSJ says
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06:53 EDTNPSPNPS Pharmaceuticals downgraded to Hold from Buy at Needham
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05:34 EDTNPSPNPS Pharmaceuticals downgraded to Equal Weight from Overweight at Barclays
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January 12, 2015
16:32 EDTNPSPOn The Fly: Closing Wrap
Stocks spent almost the entire session in negative territory as the continued slump in crude oil prices weighed on equities. As the price of crude searches for a bottom, analysts and investors are concerned about how the low prices may affect U.S. economic growth. It had been estimated that more than half of the expected growth in the S&P 500's earnings would come from the oil industry and the continued drop in oil prices may be wiping out the chances of earnings increasing from the prior quarter. The earnings season unofficially kicks off tonight when Alcoa (AA) reports its fourth quarter earnings. ECONOMIC EVENTS: In the U.S., no major economic data was released. WTI and Brent crude both suffered slides of 5% during the session, sending WTI oil below $46 and Brent near $47 per barrel. Of note, Goldman Sachs said it sees oil prices bottoming in Q2 of this year at $42 a barrel. Goldman lowered its Brent crude oil price estimate for 2015 to $50 a barrel from $84 and for 2016 onwards to $70 a barrel from $90. COMPANY NEWS: Shire (SHPG) shares trading in New York slipped $8.39, or 3.86%, to $209.10 after the company announced over this weekend that it struck a deal to acquire NPS Pharmaceuticals (NPSP) for $46 per share in cash, for a total consideration of approximately $5.2B. NPS shares gained $3.44, or 8.21%, to $45.35... Shares of flash storage provider SanDisk (SNDK) dropped $13.47, or 13.88%, to $83.57 after the company cut its revenue outlook for Q4 and added that non-GAAP gross margin for the quarter is expected to be approximately 45%, compared to the previously guided range of 47%-49%. "The lower revenue was primarily due to weaker than expected sales of retail and iNAND products," SanDisk explained. Micron (MU) fell $1.87, or 5.56%, to $31.66 following the warning from its peer. MAJOR MOVERS: Among the notable gainers was Foundation Medicine (FMI), whose shares surged $22.81, or 95.32%, to $46.74 after the company and Roche (RHHBY) announced that they will enter into a strategic collaboration. Roche will invest in Foundation as part of the deal, resulting in Roche owning a minimum of 52.4% and a maximum of 56.3% of Foundation Medicine on a fully diluted basis. Also higher was Build-A-Bear Workshop (BBW), which jumped $3.12, or 16.75%, to $21.75 after the toy company gave a fourth quarter revenue view that beat expectations. Among the noteworthy losers was Arrowhead Research (ARWR), which fell $2.16, or 23.84%, to $6.90 after announcing that the FDA verbally informed the company of a partial clinical hold on its study of ARC-520 in patients with chronic hepatitis B infection. Also lower were shares of Sarepta Therapeutics (SRPT), which dropped $2.04, or 14.62%, to $11.91 after the company provided data through Week 168 from its Phase IIb open-label extension study of eteplirsen in patients with Duchenne muscular dystrophy. INDEXES: The Dow fell 96.53, or 0.54%, to 17,640.84, the Nasdaq lost 39.36, or 0.84%, to 4,664.71, and the S&P 500 declined 16.55, or 0.81%, to 2,028.26.
12:46 EDTNPSPOn The Fly: Midday Wrap
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12:04 EDTTSNUSDA raises 2015 meat production forecast
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10:15 EDTNPSPOptions with decreasing implied volatility
Options with decreasing implied volatility: NBIX APOL NPSP BBBY INFY JCP MU TIF
10:00 EDTNPSPOn The Fly: Analyst Downgrade Summary
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09:30 EDTNPSPOn The Fly: Pre-market Movers
HIGHER: Foundation Medicine (FMI) up 138.9% following transaction with Roche (RHHBY)... Celator Pharmaceuticals (CPXX), up 19.1% after announcing promising Phase 2 data for CPX-351... Second Sight (EYES), up 16.7% after Health Canada approves Argus II retinal prosthesis system... Aegerion (AEGR), up 7.8% after reporting preliminary fourth quarter results and guidance... Express (EXPR), up 4.5% after reporting preliminary fourth quarter results. NOTABLE: NPS Pharmaceuticals (NPSP), up 8.5% following acquisition by Shire (SHPG)... Shire is down 1.1% in pre-market trading. LOWER: Arrowhead (ARWR), down 20.9% after FDA clears company to begin modified study of ARC-520 in a preliminary call of a partial clinical hold... Tiffany (TIF), down 10.4% after lowering fiscal 2014 net EPS guidance... SanDisk (SNDK), down 10.1% after lowering fourth quarter outlook... Ascena Retail (ASNA), down 5.8% after lowering fiscal 2015 adjusted EPS view... Sarepta Therapeutics (SRPT), down 5.9% after reporting long-term outcomes from Phase IIb Eteplirsen study... Loral Space & Communications (LORL), down 3.6% following a NY Post article that reported that talks to sell itself to the Ontario Teachers’ Pension Plan have ended... Southwestern Energy (SWN), down 4.2% after filing to sell 20.3M shares of stock and 26M depository shares.
08:47 EDTNPSPShire acquisition favorable, says RBC Capital
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08:37 EDTNPSPShire deal suggests most biotech companies in play, says JMP Securities
After Shire (SHPG) agreed to buy NPS Pharmaceuticals (NPSP), JMP Securities says the deal indicates that most biotech companies are in play, particularly those with worldwide rights to their products for well-defined patient populations. The firm expects investors to speculate all week about potential new targets in the space. Publicly traded companies in the space include AstraZeneca (AZN), Bristol-Myers (BMY), Eli Lilly (LLY), GlaxoSmithKline (GSK), Johnson & Johnson (JNJ), Merck (MRK), Novartis (NVS), Pfizer (PFE), Roche (RHHBY) and Sanofi (SNY).
08:14 EDTNPSPShire acquisition positive, says SunTrust
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08:00 EDTNPSPShire deal for NPS Pharmaceuticals positive, says Susquehanna
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07:56 EDTNPSPShire price target raised to $257 from $223 at William Blair
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07:55 EDTNPSPNPS Pharmaceuticals downgraded to Neutral from Outperform at Wedbush
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07:15 EDTMNKDMannKind CEO Mann to transition to chairman, COO Edstrom named CEO
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07:11 EDTNPSPNPS Pharmaceuticals volatility elevated into being acquired by Shire in a $5.2B
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06:48 EDTNPSPNPS Pharmaceuticals downgraded to Hold from Buy at Canaccord
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