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Stock Market & Financial Investment News

News Breaks
July 24, 2014
13:16 EDTKS, RKT, PKG, IPContainerboard names rally with Perry seeing 50%-100% upside
Richard Perry's Perry Capital took positions or increased holdings during Q2 in containerboard names International Paper (IP), RockTenn (RKT), KapStone (KS) and Packaging Corp. (PKG), Bloomberg reports. Perry believes managements can create master limited partnerships for their paper mills, driving share upside potential of 50%-100%, Bloomberg cites Perry as stating in the fundís Q2 letter. Shares of containerboard names are rallying today, with International Paper up 5%, RockTenn and KapStone up 9%, and Packaging Corp. up 4% in afternoon trading. Perry Capital has $10.9B under management, according to Bloomberg.
News For IP;RKT;KS;PKG From The Last 14 Days
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July 1, 2015
07:18 EDTIP, PKGInternational Paper Packaging Corp. drop a buying opportunity, says Wells Fargo
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June 24, 2015
17:34 EDTRKTRockTenn, MeadWestvaco shareholders approve combination
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06:03 EDTRKTRockTenn announces perliminary shareholder merger election results
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June 23, 2015
17:04 EDTRKTRockTenn to host special shareholder meeting
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17:01 EDTRKTMeadWestvaco to host special shareholder meeting
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June 22, 2015
10:00 EDTKSOn The Fly: Analyst Downgrade Summary
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08:57 EDTKSKapStone downgraded to Neutral from Outperform at Macquarie
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07:30 EDTRKT, IP, PKG, KSPaper & Packaging group to open lower on price cut, says Jefferies
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June 19, 2015
18:12 EDTRKTS&P announces changes to S&P 100, 400, 500, and 600 indices
S&P Dow Jones Indices will make the following changes to the S&P 100, S&P 500, S&P MidCap 400 and S&P SmallCap 600 indices: S&P 500 constituent The Priceline Group (PCLN) will replace Baxter International (BAX) in the S&P 100, Baxalta (BXLT) will replace QEP Resources (QEP) in the S&P 500, QEP Resources will replace Itron (ITRI) in the S&P MidCap 400, and Itron will replace Arch Coal (ACI) in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. Baxter International is spinning off Baxalta in a transaction expected to be completed on that date. Baxter International will remain in the S&P 500 following the distribution, but its post spin market capitalization will no longer make it appropriate for the S&P 100. QEP Resources, Itron and Arch Coal are all ranked near or at the bottom of their current indices. Skechers USA (SKX) will replace Rock-Tenn Co. (RKT) in the S&P MidCap 400, and MiMedx Group (MDXG) will replace Skechers USA in the S&P SmallCap 600 after the close of trading on Tuesday, June 30. S&P 500 constituent MeadWestvaco Corp. (MWV) is combining with Rock-Tenn in a transaction expected to be completed on or about that date. The combined company will remain in the S&P 500 and will change its name to WestRock Co. HealthEquity (HQY) will replace Zep Inc. (ZEP) in the S&P SmallCap 600 after the close of trading on Thursday, June 25. Private equity firm New Mountain Capital is acquiring Zep in a transaction expected to be completed on or about that date pending final approvals.
17:22 EDTRKTSkechers to replace RockTenn in S&P 400 as of 6/30 close
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