New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 5, 2014
UP AFTER EARNINGS: Smith & Wesson (SWHC), up 10%... AeroVironment (AVAV), up 7%... Gentherm (THRM), up 4%... Veeva (VEEV), up 5%. ALSO HIGHER: Dara (DARA), up 19% after signing agreement with WellCare (WCG) for Soltamox formulary status... Navidea (NAVB), up 3.7% after announcing FDA accepts sNDA to further expand Lymphoseek labeling. DOWN AFTER EARNINGS: Canadian Solar (CSIQ), down 5.4%... IMRIS (IMRS), down 3%. ALSO LOWER: XOMA (XOMA), down 21% after Phase II trial failure of gevokizumab in Erosive Osteoarthritis of the Hand... USEC (USU), down 29% after implementing financial restructuring plan under Chapter 11... Yongye (YONG), down 13% after announcing going private proposal not approved by stockholders...Nielsen (NLSN), down 2% after 30M share spot secondary offering of stock priced at $46.45.
Sign up for a free trial to see the rest of the stories you've been missing.
October 7, 2015
13:01 EDTCSIQSunEdison has positive readthrough for yieldco exposed solars, says Roth Capital
Subscribe for More Information
October 5, 2015
17:30 EDTSWHCGunmakers surge as Clinton vows regulatory reform
Shares of gunmakers Smith & Wesson (SWHC) and Sturm Ruger (RGR) advanced Monday after presidential candidate Hillary Clinton reaffirmed her vow to expand firearm regulations following last week's Oregon shooting. REGULATORY PROMISES: Speaking at a New Hampshire town hall meeting, Hillary Clinton outlined her plan to reduce gun violence across the United States. The presidential candidate vowed to close loopholes affecting sales at gun shows and over the Internet, no longer permitting private sellers to skip background checks. Additionally, the Democrat promised to revise the so-called "default proceed" rule, which currently allows gun sales to proceed without background checks if that check is not completed within three days. Clinton also said she would strive to repeal a law preventing victims of gun crime from suing the firearm manufacturers themselves, and called for comprehensive background checks to "keep guns out of the hands of domestic abusers, other violent criminals, and the severely mentally ill." PRICE ACTION: Shares of Smith & Wesson and Sturm Ruger rose a respective 7.29% and 2.75% during Monday's session, while hunting retailer Cabelas (CAB) advanced 2.88%. The positive moves come after a reported surge in gun sales on fears of sharply increased regulations, with Clinton notably promising to "take administrative action" on the issue.
October 1, 2015
12:36 EDTVEEVVeeva management to meet with William Blair
Subscribe for More Information
11:06 EDTXOMAXOMA price target raised to $1.50 from $1 at Piper Jaffray
Piper Jaffray analyst Edward Tenthoff raised his price target for XOMA (XOMA) to $1.50 after the company partnered a preclinical TGF-beta antibody with Novartis (NVS) for $37M upfront and up to $480M in milestones. The payment brings XOMA's pro forma cash to $88M, enabling the company to advance its endocrine antibody pipeline, including lead candidate XOMA 358 for hyperinsulinism disorders, Tenthoff tells investors in a research note. The analyst keeps a Neutral rating on the name. The stock is up 20c to 95c in early trading.
09:20 EDTXOMAOn The Fly: Pre-market Movers
HIGHER: XOMA (XOMA), up 55.7% after announcing an agreement for anti-TGFb program with Novartis (NVS)... Sarepta Therapeutics (SRPT), up 10.6% after announcing additional clinical efficacy and safety data from the company's Phase IIb program of eteplirsen... Huntsman (HUN), up 3.8% after announcing a $150M share repurchase program... Mellanox (MLNX), up 3.2% after raising third quarter revenue guidance. DOWN AFTER EARNINGS: McCormick (MKC), down 3.4%. ALSO LOWER: Capstone Turbine (CPST), down 26.5% after announcing that its preliminary second quarter earnings were notably below management's expectations and analysts' consensus estimates... Concho Resources (CXO), down 3.9% after 7.7M share Spot Secondary priced at $92.50... AGCO (AGCO), down 3.5% after being downgraded to Sell from Neutral at UBS.
07:37 EDTXOMAXOMA announces agreement for anti-TGFb program with Novartis
Subscribe for More Information
September 30, 2015
13:39 EDTNLSNAnalysts, investors cheer Rentrak, comScore merger plan
Shares of both Rentrak (RENT) and comScore (SCOR) are driving higher in afternoon trading after the companies announced a stock-for-stock merger agreement following Tuesday's session close. The move could see the companies developing new, compelling products to track cross-platform media consumption amid changing viewership trends, according to executives and analysts. MERGER: Rentrak and comScore announced a stock-for-stock merger agreement that will see comScore shareholders owning approximately 66.5% of the combined company and Rentrak shareholders owning roughly 33.5%. comScore's current CEO, Serge Matta, will lead the combined company as Chief Executive, while Rentrak CEO Bill Livek will transition to executive vice chairman and president. The combined company expects total synergies of at least $20M in 2016 and at least $35M in 2017, with those figures "very, very heavily" weighted towards revenue, as noted by comScore CFO Mel Wesley. EXECUTIVE COMMENTARY: On a conference call discussing the merger agreement, comScore Chief Executive Matta remarked that the media industry is at an "inflection point" in terms of consumer behavior, which is trending towards cross-platform, cross-device, delayed media viewing. Rentrak Chief Bill Livek explained that the combined company will be capable of delivering cross-platform viewership and advertising metrics "that account for all of the ways in which content is consumed," something that the industry has been "pleading" for, according to Livek. ANALYST TAKE: William Blair analyst Timothy McHugh weighed in on the merger, saying that while both companies previously had some fledgling cross-platform initiatives, their combined capability is undoubtedly stronger. McHugh added that the industry "ultimately appears headed" towards cross-media consumption habits, to which the combined company should be better positioned to respond. On the other hand, Rentrak-comScore still cannot truly challenge Nielsen's (NLSN) TV metrics even as the company develops similar cross-platform capabilities, said McHugh, though he did acknowledge that the deal looks incrementally negative for Nielsen. Meanwhile, Needham analyst Laura Martin said the "compelling" deal still relies on the merged company's eventual cross-platform products, which must be seen as unknowns at this point. Martin downgraded Rentrak to Buy from Strong Buy and cut her price target to $60 from $85, noting that if the deal fails, she believes there are other potential purchasers for Rentrak. PRICE ACTION: Shares of Rentrak are up about 24% to roughly $54 in Wednesday afternoon trading, while comScore has risen about 12% to trade above $46 per share. Meanwhile, Nielsen has slipped about 2.5% to $44 per share.
08:09 EDTNLSNMobee announces collaboration with Nielsen
07:14 EDTNLSNcomScore, Rentrak merger makes lot of strategic sense, says William Blair
Subscribe for More Information
September 29, 2015
07:29 EDTVEEVVeeva acquires Zinc Ahead for approximately $130M in cash
Veeva Systems announced it has acquired Zinc Ahead, a provider of commercial content management solutions. Veeva and Zinc Ahead are joining forces to address the growing need for end-to-end compliance management that reduces regulatory risk and boosts operational efficiency as companies face increasing volumes of content, a proliferation of digital channels, and increased regulatory scrutiny. Veeva's acquisition of Zinc Ahead was signed and closed simultaneously on September 29, 2015. Veeva's indirect subsidiary, Veeva U.K. Holdings Limited acquired all of the share capital of Mineral Newco Ltd., a company organized under the laws of the United Kingdom that is the ultimate parent company of all Zinc operating entities, pursuant to the terms of a Share Purchase Agreement entered into on September 29, 2015, among Veeva U.K. Holdings Limited and the shareholders of Mineral Newco Ltd. The aggregate purchase price for the acquisition was approximately $130 million in cash, which includes amounts to pay off outstanding indebtedness and expenses at closing, and $10 million of deferred consideration payable over three years to non-institutional shareholders and option holders.
September 25, 2015
08:59 EDTVEEVAutodesk, Workday, Veeva weakness present buying opportunities, says Canaccord
Subscribe for More Information
07:33 EDTNAVBNavidea's Macrophage says produces first two immunoconstructs
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use