Stock Market & Financial Investment News

News Breaks March 21, 2013 05:21 EDT ISRG Intuitive Surgical increases share repurchase program by additional $1B Intuitive Surgical announced that its board has authorized the company to repurchase an additional $1B of the company's outstanding common stock. The $1B repurchase authorization will be available after the company's internal trading window opens on April 23. With this authorization, the total amount available for share repurchases by the company is approximately $1.21B, which includes approximately $208M remaining from previous authorizations. The company expects to fund the repurchase program through cash and investments. As of December 31, the company had approximately $2.9B of cash, cash equivalents and investments. News For ISRG From The Last 14 Days Check below for free stories on ISRG the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 24, 2013 09:25 EDT ISRG On The Fly: Pre-market Movers Subscribe for More Information 07:06 EDT ISRG Intuitive Surgical risk decreased by court decision, says Cantor After Intuitive Surgical won the first of 26 cases alleging that patients' injuries or deaths were caused by the company's da Vinci robotic surgery product, Cantor thinks the decision indicates that the cases will not greatly damage the company's reputation. The firm reiterates a $575 price target and Buy rating on the stock. 06:31 EDT ISRG Intuitive Surgical verdict encouraging, legal risk remains, says Leerink Subscribe for More Information May 23, 2013 16:46 EDT ISRG Intuitive Surgical beats negligent training claims, Bloomberg says Subscribe for More Information 16:11 EDT ISRG Intuitive Surgical rise 5% to $503.80 after jury reportedly rules in its favor 16:09 EDT ISRG Intuitive Surgical wins trial, defeats claim of negligent traing, Bloomberg says Subscribe for More Information 15:31 EDT ISRG Clerk says jury has reached verdict in Intuitive Surgical case, Bloomberg says Subscribe for More Information 15:31 EDT ISRG Intuitive Surgical May weekly volatility increases to 80 Intuitive Surgical May weekly call option implied volatility is at 80, June is at 27, July and August is at 29; compared to its 26-week average 30 according to Track Data, suggesting large near term price movement on expectations a verdict from a Washington state jury. May 22, 2013 11:02 EDT ISRG Intuitive Surgical May weekly volatility elevated at 51 Intuitive Surgical May weekly call option implied volatility is at 51, June is at 26, July and August is at 29; compared to its 26-week average 30 according to Track Data, suggesting large near term price movement on expectations a Washington state jury will begin deliberations in Intuitive Surgical robotic case. 08:26 EDT ISRG Jury to begin deliberations in Intuitive Surgical robotic case, Bloomberg says In Washington state, jury deliberations are set to begin in the first case to go to trial of at least 26 lawsuits against Intuitive Surgical alleging injuries tied to its da Vinci robotic system, reports Bloomberg. Reference Link 07:41 EDT ISRG JPMorgan gets surgeon feedback after Intuitive Surgical notification JPMorgan says none of the 25 urologic and gynecologic da Vinci surgeons it surveyed were planning to postpone procedures and send instruments back to Intuitive Surgical following the Urgent Medical Device Notification that the company sent out on May 8. JPMorgan said the surgeons, who use the -09 or -10 Monopolar Curved Scissors, said they will continue to use the instruments in a cautious manner. The firm keeps an Overweight rating on shares of Intuitive Surgical with a $625 price target. May 20, 2013 15:42 EDT ISRG Viking Global reports 5.1% passive stake in Intuitive Surgical Subscribe for More Information May 14, 2013 17:48 EDT ISRG Lone Pine gives quarterly update on stakes NEW STAKES: Valeant Pharmaceuticals (VRX), Virgin Media (VMED), Thermo Fisher Scientific (TMO), CME Group (CME), and Liberty Media (LMCA). INCREASED STAKES: Mead Johnson Nutrition (MJN), News Corp (NWSA), Intuitive Surgical (ISRG), Monsanto (MON), and Qualcomm (QCOM). DECREASED STAKES: Cognizant Technology Solutions (CTSH), Equinix (EQIX), Ralph Lauren (RL), Disney (DIS), and Oceaneering International (OII). LIQUIDATED STAKES: Facebook (FB), Crown Castle (CCI), Accretive Health (AH), Informatica (INFA), and NetEase (NTES). Sign up for a free trial to see the rest of the stories you've been missing.