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Stock Market & Financial Investment News

News Breaks
February 26, 2013
11:49 EDTSPPI, TSLA, MDRX, SODA, MELIOptions with decreasing implied volatility: SPPI TSLA MDRX SODA MELI
News For SPPI;TSLA;MDRX;SODA;MELI From The Last 14 Days
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October 7, 2014
11:15 EDTTSLATesla expected to unveil all-wheel drive Model S, Re/code reports
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10:56 EDTSODAOptions with increasing implied volatility
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10:16 EDTSODASodaStream plunges after warning of weaker sales, levels to watch
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10:08 EDTSODASodaStream sinks after Q3 profit warning
Shares of SodaStream International (SODA) are sinking this morning after the company warned that revenue for the third quarter of 2014 will come in well below Wall Street estimates. SodaStream develops, manufactures and markets home beverage carbonation systems and related products. WHAT'S NEW: This morning, SodaStream reported preliminary Q3 revenue of $125M, significantly missing analysts' consensus estimate of about $154M. The company said it expects operating income of about $8.5M for the quarter. Chief Executive Officer Daniel Birnbaum cited an underperformance in the U.S. market as the primary driver of the quarterly shortfall, and said the results are an indication that the company must alter its course and improve its execution. Birnbaum said in a statement that the company is "very disappointed" by its recent performance, noting that it has "not succeeded in attracting new consumers to our home carbonation system at the rate we believe should be achieved." Birnbaum said the company has started a strategic shift towards health and wellness, mostly in the U.S., where he believes the message "will resonate more strongly" with customers. In addition, SodaStream is developing a growth plan, and more details are expected when Q3 results are reported later this month. WHAT'S NOTABLE: The carbonated beverage machine company has been the subject of buyout rumors for months. In July, Bloomberg reported that the company was in talks to go private for around $40 per share. In September, Israel's TheMarker said SodaStream was in talks to sell itself to a British investment fund for $840M, or $40 per share. SodaStream has also been rumored as an acquisition target for beverage makers SABMiller (SBMRY) and Diageo (DEO) or private equity group KKR (KKR), The Independent reported last month. In July, SodaStream cut its fiscal year 2014 revenue growth view to 5% from 15% and cut its FY14 net income expectations to a 5% decrease from a 3% increase. At that time, the company said it believed sales trends for sodamakers would remain challenging in the U.S. in the second half of the year. PRICE ACTION: In mid-morning trading, SodaStream shares dropped $5.72, or 21%, to $21.85.
09:36 EDTTSLAActive equity options trading on open
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09:14 EDTSODAOn The Fly: Pre-market Movers
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08:08 EDTSODASodaStream down 13% in pre market trade after Q3 revenue warning
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07:56 EDTSODASodaStream trading to resume at 8:00 am ET
07:54 EDTSODASodaStream volatility expected to move on preliminary Q3 revenue miss
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07:32 EDTSODASodaStream CEO: We are disappointed in our recent performance
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07:31 EDTSODASodaStream reports Q3 preliminary revenue $125M, consensus $154.12M
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07:11 EDTSODASodaStream trading halted, pending news
06:35 EDTTSLAPanasonic says Tesla plant stake worth 'tens of billions' of yen, Reuters says
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October 6, 2014
18:16 EDTTSLATesla VP of Communications to leave company, WSJ reports
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16:00 EDTTSLAOptions Update; October 6, 2014
iPath S&P 500 VIX Short-Term Futures up 46c to 30.08. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX HPQ C RSH CLF PBR according to Track Data.
14:49 EDTTSLATesla looking to sell used Model S vehicles, Automotive News says
Tesla is working on an initiative to sell its Model S vehicles secondhand, Automotive News reported last night. The news was confirmed by a company spokesman, the website stated. Reference Link
13:38 EDTTSLATesla speculated to announce auto-driving features Thursday, WSJ reports
Tesla is expected to reveal new features that enable more computer controlled driving of the Model S sedan on Thursday, The Wall Street Journal reports, citing a person familiar with the matter. Reference Link
09:37 EDTTSLAActive equity options trading on open
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08:38 EDTTSLATesla volatility flat into October 9 announcement
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07:41 EDTTSLAToyota hydrogen plans knocked by heads of Nissan, Daimler, WSJ says
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