New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTNKE, GMCR, ECYT, ANN, SYMC, RALY, GEOS, WPXOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages open higher before the Nasdaq quickly reversed lower, with the benchmark S&P 500 and blue-chip Dow joining the tech index in the red late in the session. Volume on each of the major indexes was heavy, with index and stock futures, as well as index and stock options, all set to expire at today's close. Despite today's sell off, each of the averages finished the week with gains larger than 1%. ECONOMIC EVENTS: In the U.S., no notable economic reports were released. COMPANY NEWS: Dow-member Nike (NKE) was the blue-chip index's worst performer, losing $4.06, or 5.12%, to $75.21 after reporting third quarter profit and sales that beat analyst expectations but saying that the devaluation of some developing market currencies will be a "significant drag" on its reported revenue, gross margin and profit in fiscal 2015. The athletic footwear and apparel maker said that excluding forex adjustments, its revenue growth in 2015 should exceed its target range for high-single digit growth... Keurig Green Mountain (GMCR) was scheduled to join the S&P 500 as of today's market close, replacing WPX Energy (WPX), and shares of the coffee maker closed the session down $3.40, or 2.95%, to $112. MAJOR MOVERS: Among the notable gainers was Endocyte (ECYT), up $13.53, or 92.42%, to $28.17 after the company announced that the Committee for Medicinal Products for Human Use of the European Medicines Agency issued "positive opinions" for conditional authorizations for its Vynfinit, Folcepri and Neocepri treatments. The company also announced a Phase 2b lung cancer trial met its primary endpoint, and following the news no fewer than three analyst firms increased their price target on the stock. Also higher was Ann Inc (ANN), up $4.82, or 12.95%, to $42.05 after Golden Gate Capital last night disclosed a 9.5% stake in the retailer and said it plans to leverages its retail and equity experience to create value for shareholders. Among the noteworthy losers was Symantec (SYMC), down $2.70, or 12.94%, to $18.20 after the company last night announced it terminated its CEO, Steve Bennett. No fewer than five analysts downgraded shares of the company following the news. Also lower was Geospace Technologies (GEOS), down $11.16, or 15.07%, to $62.89 after the company disclosed in a regulatory that a $29.4M order the company previously said would occur in its third quarter may be postponed following capital concerns at its customer. INDEXES: The Dow was down 28.35, or 0.17%, to 16,302.70, the S&P 500 was down 5.49, or 0.29%, to 1,866.52, and the Nasdaq was down 42.50, or 0.98%, to 4,276.79.
News For NKE;GMCR;ECYT;ANN;SYMC;RALY;GEOS;WPX From The Last 14 Days
Check below for free stories on NKE;GMCR;ECYT;ANN;SYMC;RALY;GEOS;WPX the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 29, 2014
18:35 EDTECYTOn The Fly: After Hours Movers
Subscribe for More Information
16:29 EDTECYTEndocyte reports Q2 EPS 52c, may not compare to consensus 14c
Reports Q2 revenue $49.2M, may not compare to consensus $22.09M.
10:00 EDTWPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Albemarle (ALB) upgraded to Buy from Hold at Topeka... American Capital Agency (AGNC) upgraded to Buy from Hold at Wunderlich... Bank of Hawaii (BOH) upgraded to Buy from Neutral at DA Davidson... Columbia Sportswear (COLM) upgraded to Hold from Sell at McAdams Wright... Costco (COST) upgraded to Conviction Buy from Neutral at Goldman... Ducommun (DCO) upgraded to Buy from Neutral at DA Davidson... Family Dollar (FDO) upgraded to Neutral from Underweight at Piper Jaffray... Ferrellgas Partners LP (FGP) upgraded to Neutral from Sell at Citigroup... Higher One (ONE) upgraded to Overweight from Underweight at Piper Jaffray... Landstar System (LSTR) upgraded to Buy from Hold at BB&T... MarkWest Energy (MWE) upgraded to Buy from Hold at Wunderlich... Matador (MTDR) upgraded to Outperform from Market Perform at BMO Capital... MicroStrategy (MSTR) upgraded at JMP Securities... Pharmacyclics (PCYC) upgraded to Outperform from Market Perform at Leerink... Provident Financial (PFS) upgraded at Sterne Agee... Sally Beauty (SBH) upgraded to Buy from Neutral at Citigroup... Tyson Foods (TSN) upgraded to Buy from Hold at Miller Tabak... WPX Energy (WPX) upgraded to Accumulate from Hold at Tudor Pickering... Zions Bancorp (ZION) upgraded at Bernstein.
09:19 EDTWPXWPX Energy upgraded to Accumulate from Hold at Tudor Pickering
Subscribe for More Information
July 25, 2014
12:18 EDTGMCRGreenlight discloses short positions in Safeway, Questcor, Bloomberg says
Subscribe for More Information
11:29 EDTNKEDeckers Outdoor climbs higher after Q1 results, increased FY outlook
Subscribe for More Information
July 24, 2014
09:34 EDTGMCRRumor: Keurig Green Mountain weakness attibuted to weak IRI data
Subscribe for More Information
July 22, 2014
10:30 EDTSYMCSymantec accused of false claims by Justice Department
The Justice Department said it has intervened in a lawsuit against Symantec, alleging that Symantec submitted false claims to the United States on a General Services Administration software contract. The case alleges that Symantec knowingly provided the United States with inaccurate and incomplete information about the prices it was offering to its commercial customers during the negotiation and performance of the contract. "The suit contends that Symantec misrepresented its true commercial sales practices, ultimately leading to government customers receiving discounts far inferior to those Symantec gave to its commercial non-government customers," the government stated. The contract at issue was in place from 2007 to 2012 and involved hundreds of millions of dollars in sales, it added.
10:15 EDTSYMCDOJ intervenes in whistleblower suit against Symantec alleging false claims
July 16, 2014
05:52 EDTSYMCSymantec assumed with a Neutral at Goldman
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use