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Stock Market & Financial Investment News

News Breaks
June 23, 2014
06:45 EDTDGX, SQNMSequenom upgraded to Outperform from Market Perform at William Blair
William Blair upgraded Sequenom (SQNM) to Outperform after its survey indicated a high likelihood of non-invasive prenatal testing moving quickly into the $1B-plus average-risk pregnancy market. The firm also believes Sequenom's agreement last week with Quest Diagnostics (DGX) provides added market coverage.
News For SQNM;DGX From The Last 14 Days
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May 22, 2015
12:34 EDTDGXOn The Fly: Top stock stories at midday
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12:10 EDTDGXQuest declines comment to Bloomberg on takeover speculation
Quest Diagnostics (DGX) declined comment to Bloomberg regarding the takeover speculation that pushed the company's stock higher today. Shares of Quest are up $7.01 to $80.89 in midday trading. Shares spiked earlier in the trading day amid talk among traders that Quest hired an investment bank to explore a sale after being approached by a suitor. The talk is unconfirmed speculation that has not been reported by any news agencies. Quest peer LabCorp (LH) is up $1.74 to $122.10 at midday.
10:43 EDTDGXQuest Diagnostics jumps amid takeover speculation
The move higher in Quest Diagnostics (DGX), which was earlier halted for volatility and remains up 15% to $85 per share in morning trading, has been attributed to takeover speculation. Peer Lab Corp. (LH) is also up 3.9% to $125 in morning trading.
10:35 EDTSQNMSequenom genetic test false positive highlighted in NBC Nightly News report
Recent studies have "cast doubt" on the reliability of pre-natal genetic tests such as Sequenom's MaterniT21 test, according to a report aired by NBC Nightly News. Reference Link
10:19 EDTDGXQuest Diagnostics calls active on renewed takeover chatter
Quest Diagnostics June 75 and 80 calls are active on total call volume of 2,100 contracts (100 puts) on renewed takeover chatter. June call option implied volatility is at 18, July is at 19; compared to its 26-week average of 19. Active call volume suggests traders taking positions for upside price movement.
10:15 EDTDGXRumor: Quest Diagnostics moves up on renewed takeover chatter
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