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Stock Market & Financial Investment News

News Breaks
January 30, 2013
09:38 EDTMGAMMultimedia Games gaps up after earnings and guidance, levels to watch
Shares are up over 10.6% at time of writing, putting them close to the lows of the session following a big gap up. The company beat on both reported quarter earnings and raised guidance to above consensus. At the current price of $15.70, next resistance is at $16.12 and then at $16.49. Support is at $15.34, a prior pivot high.
News For MGAM From The Last 14 Days
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September 17, 2014
07:35 EDTMGAMImperial Capital to hold a conference
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September 11, 2014
13:31 EDTMGAMRumor: Multimedia Games strength attributed to takeover speculation
September 9, 2014
10:10 EDTMGAMOn the Fly: Analyst Downgrade Summary
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08:53 EDTMGAMGlobal Cash shares undervalued, says Sterne Agee
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08:02 EDTMGAMMultimedia Games downgraded to Neutral from Buy at Buckingham
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07:06 EDTMGAMGlobal Cash Access upgraded at Stifel
As noted earlier, Stifel upgraded Global Cash Access (GCA) to Buy from Hold. The firm upgraded the stock based on the company's acquisition of Multimedia Games (MGAM), which the firm conservatively estimates will be 20%+ accretive. Stifel also cited valuation as a reason for the upgrade. Target $10.

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