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Stock Market & Financial Investment News

News Breaks
August 22, 2014
05:42 EDTVRNG, MNSTStocks with implied volatility below IV index mean; MNST VRNG
Stocks with implied volatility below IV index mean; Monster Beverage (MNST) 30, Vringo (VRNG) 138 according to iVolatility.
News For MNST;VRNG From The Last 14 Days
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June 29, 2015
09:19 EDTVRNGVringo updates on ZTE litigation in Brazil, Romania
Vringo provided an update on enforcement actions in Brazil and Romania against ZTE, as well as an update in its SDNY litigation and corporate matters. In Brazil, on June 24, the reporting appellate judge denied ZTE's latest request to overturn the injunction, rejecting a new interlocutory appeal, which requested an ex parte preliminary injunction in order to, upon payment of a bond, lift the original injunction. In addition, the trial court which issued the original injunction against ZTE ordered both parties to file briefs regarding the report by a court-appointed expert on the raid conducted at ZTE's Headquarters in São Paulo, which confirmed that ZTE violated the injunction. Vringo filed a brief on June 24, requesting further enforcement measures to secure ZTE's compliance with the injunction, and asking the court to order ZTE to pay an accumulated daily fine of approximately $2.5M for ZTE's violation of the injunction. Vringo expects a decision by the 5th Business Trial Court of Rio de Janeiro shortly. On June 19, ZTE Romania's latest attempt, a motion to cancel the January 8 decision which confirmed the preliminary injunction granted to Vringo against ZTE Romania and others, alleging that the Court made a material error when issuing that decision, was denied by the Bucharest Court of Appeal. In addition, based on documents recently obtained by Vringo, Vringo is currently investigating whether ZTE Romania and its retailers have breached the preliminary injunction. Vringo is currently assessing the legal remedies available to cure any violation. On June 23, the United States District Court for the Southern District of New York granted Vringo's motions to de-designate ZTE's responses to discovery requests, including those that reference ZTE's communications with the National Resources Development Counsel of the People's Republic of China, as "Highly Confidential - Attorneys Eyes Only - US Only". The Court's ruling will allow Vringo to participate more effectively in its breach of contract case against ZTE, in which the Court has already held that ZTE breached a non-disclosure agreement signed between the parties in December 2013. ZTE may request that these communications remain confidential by July 6.
June 26, 2015
17:20 EDTVRNGVringo files $50M mixed securities shelf
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10:26 EDTMNSTMonster Beverage calls active
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June 25, 2015
07:39 EDTMNSTMonster Beverage legacy international sales can at least triple, says Stifel
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June 24, 2015
08:40 EDTVRNGVringo announces creation of JV
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June 22, 2015
17:29 EDTMNSTCoca-Cola reports 16.7% stake in Monster Beverage
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June 18, 2015
09:32 EDTVRNGVringo granted six-month extension to regain minimum bid price compliance
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08:35 EDTVRNGVringo granted six-month extension by NASDAQ to regain compliance
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June 16, 2015
11:11 EDTMNSTMonster Beverage climbs after added to Citi Focus List
Energy drink maker Monster Beverage (MNST) is advancing after Citi added the stock to its Focus List, saying that the company has many potential positive catalysts. WHAT'S NEW: Monster's stock can rise significantly from current levels, as it has many potential positive catalysts that can kick in over the next 12 months, Citi analyst Wendy Nicholson wrote in a note to investors today. Specifically, the company can enter new markets such as China and its overseas profit margins may increase, the analyst stated, adding that Monster may also sign new distribution deals in foreign markets and launch new products. Other potential catalysts include signs that the distribution of the company's drinks in the U.S. has become smoother in the wake of its transition to Coca-Cola's (KO) system and the possibility that the soda giant will increase its stake in Monster, the analyst believes. Monster could initiate large share repurchases, given the huge amount of cash it received from Coca-Cola, the analyst stated. She predicted that the company's earnings before interest and taxes would grow at an "outsized" compound annual growth rate of 12% over the next five years and kept a $155 price target and Buy rating on the stock. WHAT'S NOTABLE: UBS on June 12 upgraded Monster to Buy from Neutral, saying that the short-term risks facing the company were already priced into the stock, while the beverage maker's U.S. and foreign growth outlook is strong. The analyst predicted that Coca-Cola would increase its stake in the company to 25% from its current 16.7% level. Also on June 12, Monster and Coca-Cola announced that the acquisition of the 16.7% stake in Monster by Coke had been closed. PRICE ACTION: In late morning trading, Monster climbed 4% to $132.
07:25 EDTMNSTMonster Beverage added to U.S. Focus List at Citi
Citi added Monster Beverage to its U.S. Focus List saying it sees "considerable" upside potential from current share levels. Citi calls Monster its top pick in U.S. Beverages and keeps a Buy rating on the stock with a $155 price target.

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