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Stock Market & Financial Investment News

News Breaks
June 25, 2014
13:48 EDTPVASoros Fund reports 9.53% stake in Penn Virginia
On June 25, SFM sent a letter to the company reiterating its view that the best path to maximize share value would be for the company to be sold. It also expressed its disappointment with the company's rejection of its suggestions that the Issuer provide additional financial incentives to its management team to align their interests with the Issuer's shareholders in the event of a sale. In the letter, SFM also expressed its concern with what it believes to be the company's recent missteps, including: (i) the recent investor presentation failures and the resulting decline in the price of the Common Stock; (ii) the company's private offering of convertible preferred stock at a significant discount to inherent value, which diluted existing equity holders by approximately 21%; and (iii) the intended use of the proceeds from such offering. SFM also noted that the board of directors of the company has presided over a long period of decline in the share price, which further supported its view that the company should pursue a sale. Finally, SFM reserved the right to take any and all actions it believes necessary to ensure that shareholder value is not further eroded if the company fails to pursue a sale.
News For PVA From The Last 14 Days
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December 22, 2014
11:00 EDTPVAOptions with decreasing implied volatility
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December 18, 2014
10:01 EDTPVAOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Bruker (BRKR) downgraded to Sell from Neutral at Goldman...Linear Technology (LLTC) downgraded to Sell from Neutral at Citigroup... Macerich (MAC) downgraded to Neutral from Buy at MLV & Co... BreitBurn Energy (BBEP) downgraded to Sector Perform from Outperform at RBC Capital... Oceaneering (OII) downgraded to Sector Perform from Outperform at RBC Capital... Oil States (OIS) downgraded to Sector Perform from Outperform at RBC Capital... Teradyne (TER) downgraded to Neutral from Buy at Citigroup... Volcano (VOLC) downgraded to Neutral from Buy at Roth Capital... XL Group (XL) downgraded to Market Perform from Outperform at Keefe Bruyette... Intuit (INTU) downgraded to Neutral from Outperform at Wedbush... Penn Virginia (PVA) downgraded to Market Perform from Outperform at Wells Fargo... Whiting Petroleum (WLL) downgraded to Market Perform from Outperform at Wells Fargo... Time Warner Cable (TWC) downgraded to Neutral from Buy at BTIG... Royal Caribbean (RCL) downgraded to Sell from Hold at DNB Markets... Silicon Image (SIMG) downgraded to Market Perform from Outperform at Northland.
08:03 EDTPVAPenn Virginia downgraded to Market Perform from Outperform at Wells Fargo
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December 12, 2014
12:05 EDTPVAOptions with increasing implied volatility
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