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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:33 EDTRALY, ECYT, WPX, SYMC, GMCR, GEOS, ANN, NKEOn 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
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December 15, 2014
06:38 EDTGMCRKeurig Green Mountain transferring coffee buying to Switzerland, Reuters says
Keurig Green Mountain is moving a majority of its U.S. coffee buying operations to Switzerland, emulating its competitors, according to Reuters. The move will make the company "a global beverage player," Reuters quoted a Green Mountain spokeswoman as saying. Reference Link
December 12, 2014
09:01 EDTNKENike December volatility increases into Q2 and outlook
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December 11, 2014
09:00 EDTGMCRKeurig Green Mountain announces expanded agreement with Caribou Coffee
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06:33 EDTNKENike CIO Anthony Watson leaves company after 10 months, Business Insider reports
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December 10, 2014
11:41 EDTGMCRGreen Mountain Coffee December calls active
Green Mountain Coffee December weekly 140 calls are active on total call volume of 2,200 contracts, compared to its open interest of 395 contracts. December weekly call option implied volatility is at 57, December is at 37, January is at 32, March is at 33; compared to its 26-week average of 42 according to Track Data. Active call volume suggests traders taking positions for large near term price movement
09:15 EDTNKENike price target raised to $105 from $100 at Credit Suisse
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07:25 EDTNKENike sues employees who left for Adidas for stealing trade secrets, ESPN reports
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December 9, 2014
17:03 EDTNKENike appoints Tom Peddie as VP and GM of the Emerging Markets
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December 8, 2014
10:00 EDTNKEOn The Fly: Analyst Downgrade Summary
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06:38 EDTNKENike downgraded to Market Perform from Outperform at Telsey Advisory
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December 4, 2014
18:34 EDTRALYOn The Fly: After Hours Movers
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16:22 EDTRALYRally Software names Angela Tucci Chief Revenue Officer
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16:21 EDTRALYRally Software sees FY15 EPS ($1.02)-($1.05), consensus ($1.23)
Sees FY15 revenue $87M-$87.6M, consensus $87.94M.
16:20 EDTRALYRally Software sees Q4 EPS (23c)-(26c), consensus (31c)
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16:18 EDTRALYRally Software reports Q3 EPS (22c), consensus (35c)
Reports Q3 revenue $22M, consensus $22.38M.
16:02 EDTGMCRKeurig Green Mountain to acquire Bevyz Global for $220M
Keurig Green Mountain announced that it has entered into an agreement to acquire the outstanding equity of MDS Global Holding p.l.c. that it does not already own. The transaction is valued at approximately $220M in cash, based on exchange rates as of the close of business on December 3. Keurig currently owns approximately 15% of Bevyz on a fully diluted basis and will fund the acquisition with cash on hand. The transaction is subject to customary closing conditions and is expected to close in the next month. Following the acquisition, Bevyzís roughly 50 employees will become part of Keurigís technology and product systems teams and are expected to continue to be located primarily in the Netherlands and Malta. Keurig reiterated its FY15 and Q1 guidance provided in its November 19, earnings press release.
16:01 EDTGMCRKeurig Green Mountain to acquire Bevyz Global for $220M
13:15 EDTNKENike, Adidas open stores for women in China, WantChinaTimes says
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08:37 EDTGMCRKeurig Green Mountain acquires Laughing Man Coffee and Tea brand
Keurig Green Mountain announced it has acquired the Laughing Man Coffee and Tea brand from Laughing Man Worldwide. Keurig will introduce Laughing Manís curated selection of gourmet coffees and teas to Keurig brand packs for use in Keurig brewers beginning in spring 2015. Financial terms of the agreement were not disclosed.
06:48 EDTSYMCSony denies North Korea identified as source of hack, NY Times says
Sony's (SNE) Sony Pictures unit said Re/code's report which stated that North Korea had been identified as the source of the cyber attack on the unit was not accurate, according to The New York Times. Sony Pictures and the FBI are continuing to identify the incident, the newspaper added. Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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