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Stock Market & Financial Investment News

News Breaks
August 18, 2014
18:21 EDTONTY, RAX, PDLI, URBN, SKH, WPX, AROOn The Fly: After Hours Movers
UP AFTER EARNINGS: PDL BioPharma (PDLI), up 4.2% after reporting second quarter results and announcing that the company delivered a notice of default to Wellstat Diagnostics. ALSO HIGHER: Aeropostale (ARO), up 4.9% after announcing CEO transition and issuing second quarter guidance... Skilled Healthcare (SKH), up 44.7% following Genesis HealthCare combination... Rackspace (RAX), up 3.1% after Blue Harbour reported a 6.4% stake in the company... WPX Energy (WPX), up 1.2% after announcing announcing sale of mature coalbed methane holdings in the Powder River Basin. DOWN AFTER EARNINGS: Urban Outfitters (URBN), down 1.7%. ALSO LOWER: Oncothyreon (ONTY), down 8.3% after announcing that EMR 63325-009 study did not its meet primary endpoint.
News For PDLI;ARO;SKH;RAX;WPX;URBN;ONTY From The Last 14 Days
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February 12, 2016
06:52 EDTRAXRackspace volatility elevated into Q4 and outlook
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February 11, 2016
10:33 EDTRAXRackspace announces private cloud powered by Red Hat
Rackspace (RAX) announced the release of Rackspace Private Cloud powered by Red Hat (RHT), which delivers OpenStack private clouds as-a-service using the Red Hat Enterprise Linux OpenStack Platform. The new offering expands the Rackspace OpenStack-as-a-Service product portfolio, further extending the company's strategy to deliver the most reliable and easy-to-use OpenStack private and hybrid clouds in the world. "As the leading operator of OpenStack clouds with the most comprehensive OpenStack product portfolio in the industry, Rackspace is excited to expand our managed services and expertise to the Red Hat Enterprise Linux OpenStack Platform," said Darrin Hanson, vice president and general manager of OpenStack Private Cloud at Rackspace. "We help make OpenStack simple by eliminating the complexity and delivering it as-a-service to customers in their data center, a Rackspace data center or in a colocation facility."
February 10, 2016
08:10 EDTURBNUrban Outfitters price target raised to $28 from $25 at SunTrust
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February 9, 2016
16:15 EDTURBNUrban Outfitters reports Q4 revenue $1.01B, consensus $1.02B
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10:00 EDTWPXOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ArcelorMittal (MT) upgraded to Neutral from Sell at Goldman... Electronic Arts (EA) upgraded to Buy from Neutral at Hilliard Lyons... First Interstate (FIBK) upgraded to Outperform from Market Perform at Fig Partners... Flagstar Bancorp (FBC) upgraded to Buy from Hold at Sandler O'Neill... Frontline (FRO) upgraded to Buy from Neutral at Clarksons Platou... Grifols (GRFS) upgraded to Buy from Hold at Berenberg... Grupo Financiero (GGAL) upgraded to Neutral from Underweight at JPMorgan... Kinross Gold (KGC) upgraded to Outperform from Neutral at Credit Suisse... Luxottica (LUX) upgraded to Hold from Underperform at Jefferies... PrivateBancorp (PVTB) upgraded on growth outlook at SunTrust... SS&C (SSNC) upgraded to Outperform from Market Perform at Raymond James... Salesforce (CRM) upgraded to Hold from Underperform at Jefferies... TCF Financial (TCB) upgraded to Neutral from Sell at Compass Point... TreeHouse (THS) upgraded to Overweight from Neutral at JPMorgan... WPX Energy (WPX) upgraded to Overweight from Equalweight at Capital One... Yelp (YELP) upgraded to Neutral from Sell at B. Riley.
08:41 EDTWPXWPX Energy upgraded to Overweight on another transformative deal at Capital One
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08:31 EDTWPXWPX Energy upgraded to Overweight from Equalweight at Capital One
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07:07 EDTWPXTerra Energy to acquire WPX Energy Rocky Mountain for $910M
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07:01 EDTWPXWPX Energy sells Piceance subsidiary for $910M to Terra Energy for $910M
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February 1, 2016
19:09 EDTPDLIOn The Fly: After Hours Movers
UP AFTER EARNINGS: Alphabet (GOOG, GOOGL), up 5.2% and 4.7%, respectively... Mattel (MAT), up 5.6%... Anadarko Petroleum (APC), up 4%... AFLAC (AFL), up 1.5%. ALSO HIGHER: PVH Corp. (PVH), up 8.1% after giving guidance for fiscal 2015 and entering a license agreement with G-III Apparel (GIII) for Tommy Hilfiger womenswear collections. DOWN AFTER EARNINGS: Integrated Device (IDTI), down 15.8%... Rent-A-Center (RCII), down 9.6%. ALSO LOWER: Pixelworks (PXLW), down 5.7% after giving fourth quarter guidance and announcing the resignation of its CEO... PDL BioPharma (PDLI), down 14.3% after cutting its quarterly dividend to 5c per share from 15c per share.
17:25 EDTPDLIPDL BioPharma lowers quarterly dividend to 5c per share from 15c per share
PDL Biopharma announced that its board has declared a 5c per share dividend for Q1. The dividend will be paid on March 11, to all stockholders who own shares of PDL on March 4, the record date for Q1 dividend payment. The company believes PDL's prospects in 2016 are very strong. In particular, factors the board assessed to determine the dividend payment amount included: The need to retain a sizeable cash position in order to capitalize on potential income-generating deals that could provide significantly greater long-term benefits to the company and its shareholders. In particular, PDL already has seen an increase in deal flow as companies are impacted by the broader equity and debt market shift to less favorable terms. The expiration of the Queen et al. patents associated with a number of PDL's revenue-generating assets. In preparation and to mitigate the impact, the Company has committed more than $1B to acquire other income generating assets not covered by these patents that should continue to generate income for PDL. As expected, the impact of the expiration of Queen et al. patents will begin to be reflected with Q2 revenues. The vast majority of companies that pay dividends evaluate their dividend disbursements on a quarterly, rather than annual basis. Based on PDL's research, PDL was only one of two companies out of 308 that employed the annual assessment. PDL will now adopt the more common practice of announcing its dividend payout on a quarterly basis in order to better evaluate alternative opportunities for maximizing long-term growth.
16:39 EDTPDLIPDL BioPharma to hold a conference call
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