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Stock Market & Financial Investment News

News Breaks
February 8, 2013
11:41 EDTSKULAnalysts mixed on Skullcandy after CEO resigns
Skullcandy (SKUL), which sells headphones and other audio accessories, is falling after the company announced that its CEO, Jeremy Andrus, had resigned in order to join a private investment firm. Skullcandy also announced that its fiscal 2012 earnings per share would be at the low end of its previous guidance of $1-$1.04. Analysts' consensus estimate was $1.02. Two research analysts had different reactions to Skullcandy's news in notes to investors earlier today. Roth Capital analyst Dave King downgraded the stock to Neutral from Buy. Investors are likely to speculate that Andrus resigned because he is worried about the company’s future, wrote King, explaining that he prefers to move to the sidelines until those worries subside. However, King did admit that the stock may have reached a bottom. DA Davidson analyst Andrew Burns, on the other hand, doesn't believe that sentiment towards Skullcandy can deteriorate further, and he was encouraged by the company's fourth quarter results. The results indicate that the company's fundamentals have not collapsed, he believes. Burns maintained a Buy rating on the shares, which sank 50c, or 8%, to $6.10 in late morning trading.
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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