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Stock Market & Financial Investment News

News Breaks
February 7, 2013
18:59 EDTSPWR, NUAN, ATVI, RVBD, UBTI, LNKD, ETRM, CSTR, MCHPOn The Fly: After Hours Movers
UP AFTER EARNINGS: LinkedIn (LNKD), up 10%... Activision Blizzard (ATVI), up 5.4%... Microchip Technology (MCHP), up 6.5%... Ubiquiti Networks (UBTI), up 8.9%... DOWN AFTER EARNINGS: Nuance (NUAN), down 14.5%... Coinstar (CSTR), down 8.5%... Riverbed (RVBD), down 8.8%... SunPower (SPWR), 5%... ALSO LOWER: EnteroMedics (ETRM), down 51% after its ReCharge trial failed to meet an efficacy endpoint.
News For LNKD;ATVI;MCHP;UBTI;NUAN;CSTR;RVBD;SPWR;ETRM From The Last 14 Days
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December 15, 2014
16:36 EDTRVBDOn The Fly: Closing Wrap
The Dow began the session with triple digit gains, but the move was short lived and so was the positive start for the equities market, which tumbled with oil prices and struggled for the remainder of the session. The day’s economic reports, which included the Empire Manufacturing report, industrial production and capacity utilization reports, and the NAHB housing market index, had little effect on the market. Stocks recovered a bit but did not get back into the green before the close, with investors wondering how the Fed, which begins its final FOMC meeting of the year tomorrow, will view its strategy in light of the recent weakness in oil. ECONOMIC EVENTS: In the U.S., the Empire State manufacturing index fell to -3.6 in December, which was significantly worse than the expectation for it to rise to 12.4 from its prior 10.2 reading. Industrial production jumped 1.3% in November, which was better than the expected 0.7% increase. The NAHB homebuilder sentiment index fell one point to 57 in December, versus expectations for a one point rise to a 59 reading. Near noon, WTI crude was down more than 2% and was trading below $57 per barrel. COMPANY NEWS: Riverbed Technology (RVBD) rose $1.57, or 8.38%, to $20.31 after the company agreed to be acquired by private equity investment firm Thoma Bravo and the private investor department of Ontario Teachers’ Pension Plan. Riverbed stockholders will receive $21 per share in cash, or a total of approximately $3.6B, which Wells Fargo views as a "good decision" and good deal for the company given the challenges in its business... PetSmart (PETM) advanced $3.30, or 4.25%, to $80.97 after the company agreed to be acquired by a consortium led by BC Partners at a price of $83.00 per share in cash. However, the private equity backers of Petco that were not allowed to participate in the auction process because of competition concerns, Leonard Green & Partners and TPG, could still make a rival offer, according to The Deal Pipeline, citing a source familiar with the situation. MAJOR MOVERS: Among the notable gainers was Sorrento Therapeutics (SRNE), which advanced $1.50, or 25.86%, to $7.30 after the company announced that it has entered into a binding agreement with NantWorks founder Dr. Patrick Soon-Shiong to establish a strategic collaboration to jointly develop next generation immunotherapies for the treatment of cancer and auto-immune diseases. Also higher was Cirrus Logic (CRUS), which rallied $4.12, or 21.87%, to $22.96 after Barclays upgraded the stock two notches to Overweight from Underweight and said the company is poised to make significantly more money per each iPhone sold next year. Among the noteworthy losers was CGG SA (CGG), which was downgraded to Underperform at Raymond James and dropped $2.41, or 28.29%, to $6.11 after Technip (TKPPY) said that it does not plan to file a tender for the company after talks between the companies did not result in a deal. Also lower were shares of Habit Restaurants (HABT), which fell $7.20, or 17.19%, to $34.69 as analysts rolled out coverage of the stock following its IPO about a month ago. Amid the coverage initiations, Habit Restaurants shares were initiated with a Neutral and $41 price target at RW Baird, with a Market Perform rating at Wells Fargo, with an Equal Weight at Stephens and with an Overweight rating and $48 target at Piper Jaffray. INDEXES: The Dow fell 99.99, or 0.58%, to 17,180.84, the Nasdaq dropped 48.44, or 1.04%, to 4,605.16, and the S&P 500 declined 12.70, or 0.63%, to 1,989.63.
15:22 EDTLNKDLinkedIn management to meet with Evercore ISI
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12:37 EDTRVBDOn The Fly: Midday Wrap
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10:35 EDTRVBDRiverbed going private deal a 'good decision,' says Wells Fargo
Wells Fargo views Riverbed's agreement with Thoma Bravo to go private at $21 per share as a "good decision" for the company given the challenges in its business. Wells thinks the deal represents "fair value" to shareholders and does not expect a higher offer to emerge. It keeps a Market Perform rating on the name.
10:10 EDTRVBDHigh option volume stocks:
High option volume stocks: RVBD AGCO FRO CRUS UBNT LH PAY PETM OREX KOS
10:10 EDTSPWRSolar stocks could be volatile ahead of ITC/ITA decisions, says Brean Capital
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09:38 EDTRVBDActive equity options trading
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08:46 EDTRVBDElliot Management says supports Riverbed transaction
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08:37 EDTRVBDRiverbed says board concluded partnering with Thoma Bravo 'best choice' for co.
08:37 EDTRVBDRiverbed to be acquired by Thoma Bravo for $21 per share in cash
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08:36 EDTRVBDRiverbed to be acquired by Thoma Bravo for $21 per share in cash
08:04 EDTSPWRSunPower invests $20M in Tendril
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06:08 EDTLNKDStocks with implied volatility below IV index mean; LNKD PCLN
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December 12, 2014
14:24 EDTNUANNuance management to meet with Wedbush
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08:12 EDTATVIActivision says COD: Advance Warfare and Destiny are top two U.S. console games
Activision Publishing, a wholly owned subsidiary of Activision Blizzard, announced it has delivered the top two selling console retail releases of the year to date overall in the U.S., as well as the #1 kids video game franchise of 2014, based on retail sell-through, according to the NPD Group, through November. Call of Duty: Advanced Warfare is the #1 top-selling console game of the year through November in the U.S. overall, as well as individually on Xbox One, PlayStation 4, Xbox 360 and PlayStation3. Destiny is the #2 top-selling console game among all titles in the U.S. in 2014 through November and Skylanders is the #1 kids video game franchise of the year through November in the U.S., based on retail sell-through including toys and accessories.
06:16 EDTLNKDLinkedIn implied volatility of 34 at lower end of index mean range
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05:38 EDTATVINovember NPD video game software sales fell 2%, says Piper Jaffray
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December 11, 2014
19:50 EDTATVINovember new video game sales up 14% from last year, Game Informer says
November sales of newly launched video games rose 14% from the same period last year, but overall software sales were down 2%, according to Game Informer, citing NPD data. Publicly traded companies in the space include Activision Blizzard (ATVI), Electronic Arts (EA), GameStop (GME) and Take-Two (TTWO). Reference Link
11:10 EDTLNKDLinkedIn participates in a conference call with Sterne Agee
Conference call with Investor Relations to be held on December 11 at 12 pm hosted by Sterne Agee.
December 8, 2014
07:28 EDTRVBDFBN Securities to hold a bus tour
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