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News Breaks
August 11, 2014
11:48 EDTKINGKing Digital shares weaker after Pacific Crest downgrade
Shares of interactive entertainment company King Digital (KING) are falling in late-morning trading after the company was downgraded at Pacific Crest. WHAT'S NEW: In a note to investors earlier today, Pacific Crest analysts downgraded the company to Sector Perform from Outperform, saying King Digital's "Candy Crush Soda Saga" will not drive a return to growth. The firm believes that the game's popularity may have already peaked and leveled off. WHAT'S NOTABLE: In light of their low confidence in the "Soda Saga" game and the current trends in King Digital's portfolio, Pacific Crest is lowering its 2015 estimates, although it expects near-term estimates in the third quarter to meet expectations. The firm believes that the company faces the same risks as other videogame companies and must be able to develop another hit game to sustain growth, and says growth forecasts are more difficult to achieve in the fourth quarter and beyond. PRICE ACTION: Shares of King Digital are down 58c, or 3.01%, to $18.71 in late-morning trading. Year-to-date, shares are down over 1.5%.
News For KING From The Last 14 Days
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May 21, 2015
10:12 EDTKINGOptions with decreasing implied volatility
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May 20, 2015
10:29 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: ZIOP KING ARIA CTRP WTW VHC XON KERX VIPS JCP
10:16 EDTKINGHigh option volume stocks
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May 19, 2015
11:59 EDTKINGOptions with decreasing implied volatilit
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11:32 EDTKINGKing Digital says launches in Q2 will be towards end of quarter
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11:28 EDTKINGKing Digital sees mobile business 'making up' for desktop declines
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May 18, 2015
10:37 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK ARWR CTRP ZIOP CLNE ARIA VHC AOL KING XON PEIX
May 15, 2015
10:20 EDTKINGOptions with decreasing implied volatility
Options with decreasing implied volatility: NLNK ARWR CTRP RAX KING AOL WPZ RL Z MBI
09:11 EDTKINGOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Bsquare (BSQR), up 34.2%... Applied Materials (AMAT), up 3.2%. ALSO HIGHER: Trillium Therapeutics (TRIL), up 13% after being initiated with an Outperform at Oppenheimer... Pernix Therapeutics (PTX), up 7.4% after announcing FDA approval of Treximet for use in pediatric patients... Advaxis (ADXS), up 4.4% after being initiated with a Buy at Jefferies... Netflix (NFLX), up 3.3% following a Bloomberg report that the company is in talks to enter China's online video market... Inovalon (INOV), up 2.9% after being upgraded to Buy from Neutral at Goldman. DOWN AFTER EARNINGS: El Pollo LoCo (LOCO), down 12.8%... King Digital (KING), down 8.3%. ALSO LOWER: PlasmaTech (PTBI), down 5.4% after filing to sell 1.93M shares for selling stockholders... Paycom Software (PAYC), down 7% after 8M share Spot Secondary priced at $36.25... Keurig Green Mountain (GMCR), down 5.9% after Keurig Kold investor presentation... 3D Systems (DDD), down 2.4% after CFO transition... Celladon (CLDN), down 5.1% after the CEO says that the company is evaluating strategic options.
May 14, 2015
19:02 EDTKINGOn The Fly: After Hours Movers
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16:46 EDTKINGKing Digital falls sharply after earnings
Shares are down over 11% in the extended session to $13.39. At that price next support is at $12.56. Resistance is at $13.91.
16:14 EDTKINGKing Digital sees Q2 gross bookings $490M-$520M
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16:13 EDTKINGKing Digital reports Q1 adjusted EPS 61c, consensus 53c
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15:01 EDTKINGNotable companies reporting after market close
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14:06 EDTKINGKing Digital May volatility elevated into Q1 and outlook
King Digital May call option implied volatility is at 220, June is at 58, August is at 54; compared to its 90-average of 54, suggesting large near term price movement in to the expected release of Q1 results on May 15.

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