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May 29, 2014
13:31 EDTNQNQ Mobile volatility elevated on wide price movement
NQ Mobile June weekly call option implied volatility is at 194, June is at 160, July is at 160, August is at 150; compared to its 26-week average of 114 according to Track Data, suggesting large near term price movement.
News For NQ From The Last 14 Days
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December 1, 2015
16:58 EDTNQOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street started the day higher following manufacturing data from China and Europe. The averages briefly stalled and appeared set to lose their momentum when a reading on U.S. manufacturing came in a well below expectations, but the market gathered itself up quickly and spent the rest of the first day of December, a historically strong month for equities, in the green. ECONOMIC EVENTS: In the U.S., Markit's manufacturing purchasing managers index for November came in at 52.8, slightly higher than the 52.6 consensus forecast. ISM's manufacturing index, however, was unexpectedly weak, falling to its worst levels since the summer of 2009 and dropping into contraction territory. The ISM measure for November came in at 48.6, well below expectations for a reading of 50.5. Construction spending in the U.S. grew 1.0% in October, beating the 0.6% growth estimate. In China, the official purchasing managers index fell to its lowest level since the summer of 2012, hitting 49.6 in November. This is down from the prior 49.8 reading, where economists had projected for it to remain. The non-manufacturing PMI rose to 53.6 from 53.1 a month earlier. In Europe, the purchasing managers index for the euro area rose to 52.8 in November from 52.3 the previous month, in-line with expectations. COMPANY NEWS: Vehicle sales kept up their torrid pace last month, with Autodata estimating that November's U.S. Seasonally Adjusted Annual Rate, or SAAR, was 18.19M units, marking the first time that the measure held above 18M for three straight months. The strength in today's sales reports from the automakers wasn't necessarily reflected in their shares, however, as Ford (F) closed the session with a gain of just 1.64% while General Motors (GM) added 0.2%. MAJOR MOVERS: Among the notable gainers was TerraForm Power (TERP), which surged $2.25, or 32.6%, to $9.15 after David Tepper's Appaloosa Management disclosed holdings of TerraForm common equity and senior notes and called on the company to make "substantial further disclosures" regarding its relationship with its "Sponsor", SunEdison (SUNE). SunEdison, which backed out of a deal to purchase a 15.87% stake in Renova and reportedly is arranging financing for a portfolio of solar projects while simultaneously exploring the sale of some assets, rose 9.1% today as well. Also higher was Infoblox (BLOX), which gained 22% to $18.35 after the company reported stronger than expected results and authorized a $100M stock repurchase plan.. Among the noteworthy losers was NQ Mobile (NQ), which fell 17.42%, to $3.48 after reporting earnings and announcing it will temporarily suspend the practice of providing revenue guidance. Also lower were shares of Joy Global (JOY) and Cummins (CMI), which dropped 13.16% and 7.9%, respectively, after Bank of America Merrill Lynch downgraded both stocks to sell-equivalent ratings, citing another expected devaluation of China's Renminbi along with the continued tough commodity environment. INDEXES: The Dow rose 168.43, or 0.95%, to 17,888.35, the Nasdaq gained 47.64, or 0.93%, to 5,156.31, and the S&P 500 advanced 22.22, or 1.07%, to 2,102.63.
13:23 EDTNQNQ Mobile weakness an overreaction, says Rosenblatt
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09:22 EDTNQOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Infoblox (BLOX), up 21.4%... Bank of Montreal (BMO), up marginally. ALSO HIGHER: Giga-tronics (GIGA), up 122.5% after entering into a software licensing agreement with Lockheed Martin (LMT)... Imprimis Pharmaceuticals (IMMY), up 11.6% following a partnership announcement with Express Scripts (ESRX)... Mattress Firm (MFRM), up 10.4% after reporting its preliminary third quarter results and Sleepy's acquisition... Qihoo 360 (QIHU), up 3% after the Wall Street Journal reported that a group is near a deal to take the company private. DOWN AFTER EARNINGS: NQ Mobile (NQ), down 16.4%. ALSO LOWER: Breitburn Energy Partners (BBEP), down 21.5% after announcing that it will suspend its distribution for common units... Rex Energy (REXX), down 8% after being downgraded to Sell from Hold at Stifel... Cummins (CMI), down 3.7% after being downgraded to Underperform from Buy at BofA/Merrill... Joy Global (JOY), down 5.7% after being downgraded to Underperform from Neutral at BofA/Merrill.
November 30, 2015
19:17 EDTNQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Shoe Carnival (SCVL), up 1.4%. ALSO HIGHER: HF Financial (HFFC), up 18.6% after announcing merger agreement with Great Western Bancorp (GWB)... Mattress Firm (MFRM), up 7.1% after reporting its preliminary third quarter results and Sleepy's acquisition... Uniqure (QURE), up 2.5% after being initiated with a Buy at Janney Capital. DOWN AFTER EARNINGS: NQ Mobile (NQ), down 13.5% after reporting third quarter results and announcing that it will temporarily suspend the practice of providing revenue guidance. ALSO LOWER: Amsurg (AMSG), down after proposing an offering of 5.5M shares of common stock... Sunshine Heart (SSH), down 1.8% after announcing that its CEO David Rosa is leaving the company.
19:13 EDTNQNQ Mobile to temporarily suspend providing revenue guidance
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17:34 EDTNQNQ Mobile reports Q3 EPS 1c vs 7c in Q314
Reports Q3 revenue $87.9M, one estimate $111.5M. Gross profit in the third quarter of 2015 decreased 8.0% to $20.7M from $22.5M in the same period in 2014. Gross margin, or gross profit as a percentage of net revenues, was 23.6% in the third quarter of 2015, compared with 27.8% in the same period in 2014. Excluding the impact from hardware sales of the enterprise mobility business and associated costs, gross margin was 35.0% in the third quarter of 2015, down from 43.2% in the same period in 2014.
November 18, 2015
06:58 EDTNQNQ Mobile enters into binding agreement to sell Beijing Tianya
NQ Mobile announced it has entered into a legally binding agreement to sell 100% of the equity interest in Beijing Tianya , which operates NQ Mobile's mobile health applications related business, to Tack Fiori International Group, a Cayman Islands company listed in Hong Kong, for an aggregate consideration of $40M. Beijing Tianya is a wholly owned subsidiary of Beijing NQ Technology Co., Ltd., NQ Mobile's consolidated affiliated entity in China. The company's board has approved both the transaction and the Agreement. The closing of the transaction is subject to the condition that Tack Fiori obtains the necessary approvals, including shareholder approval, to complete the transaction, as well as additional customary closing conditions, and the satisfaction and compliance of all relevant requirements under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited.

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