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News Breaks | | | | February 19, 2013 | | 09:20 EDT |  | LINE | LINN Energy shares defended at Raymond James
The firm reiterated its Strong Buy rating on LINN Energy with a $44 price target. | |
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News For LINE From The Last 14 Days Check below for free stories on LINE the last two weeks. |
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| May 8, 2013 | | 06:23 EDT |  | LINE | LINN Energy volatility elevated on wide price movement
LINN Energy May put option implied volatility is at 34, June is at 30, July is at 32; compared to its 26-week average of 21 according to Track Data, suggesting large price movement. | | | May 7, 2013 | | 05:53 EDT | | LINE | Stocks with implied volatility movement; LINE HLF
 Subscribe for More Information | | | May 6, 2013 | | 16:39 EDT |  | LINE | On The Fly: Closing Wrap
The Wall Street averages were mixed as a light news flow and light volume did little to catalyze a further advance. Still, with its positive close, the S&P 500 managed to set a new all-time closing high. ECONOMIC EVENTS: In the U.S., no major economic data was reported. COMPANY NEWS: Bank of America (BAC) and MBIA (MBI) announced a comprehensive settlement to resolve all claims between the two companies. As part of the settlement, Bank of America will pay MBIA $1.6B in cash, receive warrants to purchase a 4.9% equity stake in MBIA and provide a $500M credit facility to the bond insurer. Bank of America also said it would take $1.3B in Q1 charges related to the settlement and that its first quarter earnings would be negatively impacted by 10c per share. Shares of MBIA, which spiked higher near noon after Dow Jones first reported the settlement, closed up $4.46, or 45.37%, to $14.29. Bank of America shares added 64c, or 5.23%, to $12.88... A team of private-equity firms led by Bain Capital and Golden Gate Capital agreed to buy BMC Software (BMC) for $46.25 per share in cash, or $6.9B. BMC shares, which have added more than 14% year-to-date amidst reports of negotiations for the deal, closed unchanged at $45.42. MAJOR MOVERS: Among notable gainers was Arkansas Best (ABFS), up $4.18, or 39.62%, to $14.73 after reaching a tentative labor agreement with the Teamsters union. Also higher was Tesla (TSLA), up $4.95, or 9.07%, to an all-time closing high of $59.50 after Barclays raised its price target on shares to $56 from $38 and the company named Aston Martin's lead vehicle engineer as VP of vehicle engineering. Among the noteworthy losers were LINN Energy (LINE), down $1.97, or 5.21%, to $35.75, and its spin-off LinnCo (LNCO), down $2.59, or 6.2%, to $39.24, following a cautious mention in this weekend's Barron's magazine. Also lower were shares of Tyson Foods (TSN), down 83c, or 3.33%, to $24.10 after its earnings report. INDICES: The Dow was down 5.07, or 0.03%, to 14,968.89; the Nasdaq was up 14.34, or 0.42%, to 3,392.97; and the S&P 500 was up 3.08, or 0.19%, to 1,617.50. | | | 14:19 EDT | | LINE | LINN Energy, LinnCo mentioned positively at Raymond James
Subscribe for More Information | | | 12:53 EDT | | LINE | On The Fly: Midday Wrap
Subscribe for More Information | | | 12:34 EDT |  | LINE | Linn Energy retreats after Barron's highlights concerns
Shares of Linn Energy (LINE) are dropping after this weekend's Barron's magazine alleged that the company's fundamentals have weakened. Some investors contend that the company's earnings have been deceptive, the publication added. Meanwhile, a separate stock spun off by Linn Energy, LinnCo (LNCO), is also declining. WHAT'S NEW: Some investors have questioned Linn Energy's accounting methods, Barron's stated. Moreover, the company's energy production didn't increase last quarter and it didn't make enough money last quarter to cover the cost of its distribution to investors, according to the publication. The stock could tumble if the company ever reduces its payout to investors, Barron's contended. ANALYST REACTION: In a note to investors, Wells Fargo wrote that Barron's overstated the impact of the company's accounting methods on its cash flow. Moreover, Wells contends that the article focuses on issues that have previously been disclosed. Linn Energy's distribution is secure, added the firm, which maintained an Outperform rating on Linn Energy and LinnCo. TODAY'S PRICE ACTION: In early afternoon trading, Linn Energy dropped 7% to $35.10, while LinnCo gave back 7% to $38.90. | | | 11:38 EDT | | LINE | LINN, LinnCo weakness a buying opportunity, says Wells Fargo
Wells Fargo believes Barron's article brought up old points of contention and views today's pullback in shares of LINN Energy (LINE) and LinnCo (LNCO) as buying opportunities. | | | 11:28 EDT | | LINE | LINN Energy shares defended at Wells Fargo
Subscribe for More Information | | | 09:55 EDT | | LINE | LINN Energy shares drop 7% following cautious Barron's article
Subscribe for More Information | | | 09:38 EDT |  | LINE | LINN Energy drops after Barron's note, levels to watch
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