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Stock Market & Financial Investment News

News Breaks
January 2, 2013
11:38 EDTSKULSkullcandy slides following Jefferies downgrade
Shares of headphone and audio accessory maker Skullcandy (SKUL) declined in mid-morning trading after research firm Jefferies downgraded the stock two levels, to Underperform from Buy. Jefferies analyst Randal Konik said he has become more concerned about promotional activity and competition in the headphone market. Konik noted that the in-ear segment, which comprises over 60% of Skullcandy's total revenues, is under significant competitive pressure and this trend is expect to continue in the coming quarters. Additionally, the analyst is concerned that Skullcandy is losing market share. Though Konik expects the pressure on the company's margins will likely get worse before it gets better, he also believes Skullcandy's sales trends will remain solid and sees mid-teens sales growth in 2013. In mid-morning trading, Skullcandy slid $1.06, or 13.59%, to $6.73.
News For SKUL From The Last 14 Days
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September 17, 2014
11:47 EDTSKULSkullcandy management to meet with Roth Capital
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10:00 EDTSKULOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AB InBev (BUD) upgraded to Hold from Sell at Societe Generale... Baker Hughes (BHI) upgraded to Outperform from Sector Perform at Howard Weil... Bank of the Ozarks (OZRK) upgraded to Buy from Hold at BB&T... Bill Barrett (BBG) upgraded to Buy from Neutral at Mizuho... Cepheid (CPHD) upgraded to Buy from Hold at Cantor... Cigna (CI) upgraded to Positive from Neutral at Susquehanna... Extra Space Storage (EXR) upgraded to Buy from Hold at Jefferies... GNC Holdings (GNC) upgraded to Outperform from Neutral at Wedbush... MB Financial (MBFI) upgraded at DA Davidson... Mondelez (MDLZ) upgraded to Buy from Hold at Societe Generale... Radian Group (RDN) upgraded to Buy from Neutral at Compass Point... Skullcandy (SKUL) assumed with a Overweight from Neutral at Piper Jaffray... Under Armour (UA) upgraded to Overweight from Neutral at Piper Jaffray.
06:52 EDTSKULSkullcandy assumed with a Overweight from Neutral at Piper Jaffray
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September 16, 2014
18:30 EDTSKULSkullcandy assumed with an Overweight at Piper Jaffray
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