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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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April 24, 2015
15:37 EDTSFLYShutterfly May volatility elevated into Q1 and outlook
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April 21, 2015
14:16 EDTSFLYShutterfly unlikely to see major impact from Snapfish takeover, says Cantor
After Snapfish was acquired by District Photo, Cantor says that the deal is unlikely to have a material impact on Shutterfly. The firm says that Snapfish is considerably smaller than Shutterfly, and has underinvested in itself over the years, while District Photo is unlikely to continue Snapfish's tradition of steep discounting. The firm does believe, however, that the deal reduces the chances of Shutterfly being acquired by private equity firms. Cantor keeps a $58 price target and Buy rating on the shares.

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