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Stock Market & Financial Investment News

News Breaks
July 8, 2014
10:22 EDTSFLYMarathon reports 5.06% stake in Shutterfly, may have contact on alternatives
Marathon Partners Equity Management beneficially owns 5.06% of Shutterfly's shares and Mario Cibelli beneficially owns 5.07% of the shares, as disclosed in a regulatory filing. Marathon and Cibelli have been and may continue to be in contact with members of Shutterfly's management, its Board of Directors, other significant shareholders and others regarding alternatives that the company could employ to improve shareholder value, the filing stated. Marathon and Cibelli have purchased call option contracts relating to Shutterfly's common stock with an expiration date of January 17, 2015 that give the right to purchase 225,000 shares at a strike price of $40.00 and the parties have purchased call option contracts relating to the stock with an expiration date of December 20, 2014 that give the right to purchase 35,000 shares at a strike price of $45.00, the filing noted.
News For SFLY From The Last 14 Days
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December 16, 2014
11:40 EDTSFLYGrubHub advances after Goldman ups to Buy
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09:59 EDTSFLYOn The Fly: Analyst Downgrade Summary
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09:17 EDTSFLYInternet sector upgraded to Attractive from Neutral at Goldman
Goldman upgraded the Americas Internet sector to Attractive to Neutral based on more reasonable valuations, reduced expectations, and strong sector growth. As part of the sector change, the firm upgraded GrubHub (GRUB) to Buy from Neutral, downgraded Shutterfly (SFLY) to Neutral from Buy, and lowered Priceline (PCLN) to Buy from Conviction Buy.
06:22 EDTSFLYShutterfly downgraded to Neutral from Buy at Goldman
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