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Stock Market & Financial Investment News

News Breaks
June 25, 2014
07:10 EDTPSECProspect Capital announces dismissal of all security class action complaints
Prospect Capital announced that all putative securities class action complaints against Prospect, John Barry III and Brian Oswald relating to Prospect's historical accounting have been voluntarily dismissed. On May 6, Prospect announced that Prospect disagreed with the initial position of the Securities and Exchange Commission Investment Management staff that Prospect's historical non-consolidation of certain wholly-owned holding companies required a restatement of Prospect's prior period financial statements, and Prospect intended to appeal through the SEC's Office of the Chief Accountant. In May, three putative securities class action complaints were filed based on the SEC staff's initial position that a restatement would be required. On June 10, Prospect announced that Prospect's historical financial statements would not need to be restated for holding company consolidation. Following that announcement, all three putative class plaintiffs voluntarily dismissed their lawsuits without prejudice.
News For PSEC From The Last 14 Days
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August 26, 2014
11:44 EDTPSECOptions with increasing implied volatility
Options with increasing implied volatility: TLM CODE TRW GILD WTW PSEC
08:56 EDTPSECOn The Fly: Pre-market Movers
HIGHER: Tim Hortons (THI), up 10.5% after announcing merger agreement with Burger King (BKW), which is up 4% after the news. Burger King CEO Schwartz will become group CEO of the new company and Berkshire Hathaway (BRK.A) has committed $3B of preferred equity financing for the deal... DSW (DSW), up 12% after reporting Q2 earnings beat, FY14 outlook above consensus... Kite Pharma (KITE), up 17% after announcing phase 1-2a results from trial of potential treatment of non-Hodgkin's lymphoma... Mobileye (MBLY), up 4.4% after coverage of stock initiated at several research firms, including Morgan Stanley which started with an Overweight rating and $46 price target and named it a new top pick... Kandi Technologies (KNDI), up 9% following Bloomberg report on Chinese government considering funding for electric car chargers. LOWER: Best Buy (BBY), down 3.7% after reporting Q2 revenue below consensus, Q2 same-store sales decline of 2.7%... Sanderson Farms (SAFM), down 5.9% after Q3 earnings, revenue miss estimates... Movado (MOV), down 5.1% after Q2 revenue miss expectations... DOWN AFTER EARNINGS: Prospect Capital (PSEC), down 3.5%... Trina Solar (TSL), down 7.6%.
August 25, 2014
17:05 EDTPSECProspect Capital reports Q4 EPS 25c, consensus 32c
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15:18 EDTPSECNotable companies reporting after market close
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11:26 EDTPSECOptions with increasing implied volatility: EXAS FTR PSEC
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August 21, 2014
10:22 EDTPSECOptions with increasing implied volatility: LOCO PSEC
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August 18, 2014
10:57 EDTPSECOptions with decreasing implied volatility
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