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News Breaks
March 12, 2013
14:15 EDTSYNA, SYNA, SYNASynaptics management to meet with Maxim
Group luncheon to be held in San Francisco on March 18 at 2:30pm hosted by Maxim.
News For SYNA From The Last 14 Days
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October 2, 2015
10:10 EDTSYNAOptions with increasing implied volatility
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September 30, 2015
16:34 EDTSYNAOn The Fly: Top stock stories for Wednesday
Stocks on Wall Street were sharply higher in the last day of the third quarter, but not by nearly enough to turn any of the major averages positive on a quarterly basis. The Dow ended the quarter with a loss of about 7.6%, the Nasdaq slid 7.4% and the S&P has lost 7% in the last three months. Investors hope the fourth quarter will be more profitable and the non-farm payrolls report for September and the kickoff of earnings season, which are both on the near-term horizon, will certainly have a say in whether that is the case. ECONOMIC EVENTS: In the U.S., payroll processor ADP reported that 200,000 jobs were added this month, topping expectations for 190,000 job additions. The Chicago PMI business barometer index fell to 48.7 in September, missing expectations for a reading of 53.6. Additionally, the Senate passed a continuing resolution, officially funding the government through December 11. In China, important data, including manufacturing PMIs and Caixin readings, will be released overnight, but Chinese markets will be closed for "Golden Week" from October 1 to October 7. COMPANY NEWS: Shares of Gap (GPS) and Ralph Lauren (RL) moved in opposite directions after an executive for one left to take over for an icon at the other. Stefan Larsson will step down as global president of Old Navy in order to become the new Chief Executive Officer of Ralph Lauren, replacing the man who founded the company that bears his name. At least three research firms downgraded Gap shares to sell or equivalent ratings and the stock fell 5.69% to $28.50 in the wake of the executive shake-up, while Ralph Lauren shares advanced 13.56% to $118.16... Re/code's Kara Swisher and Kurt Wagner reported, citing sources, that Twitter (TWTR) founder and interim CEO Jack Dorsey is set to be named permanent Chief Executive, possibly as soon as Thursday. Re/code noted that Dorsey will remain as CEO of Square, the payments company he also founded, and that the company is likely to reconfigure its board of directors, beginning with the departure of former CEO Dick Costolo. MAJOR MOVERS: Among the notable gainers were Rentrak (RENT) and comScore (SCOR), which advanced a respective 24.61% and 11.29% after announcing a stock-for-stock merger agreement. Also higher was Western Digital (WDC), which gained $10.57, or 15.35%, to $79.44 after a subsidiary of China's Tsinghua Holdings agreed to take a 15% stake in the company. Additionally, Synaptics (SYNA) rose 27.31% to $82.46 after Bloomberg reported that the company rejected a $110 per share bid from a state-backed Chinese investment group. Among the noteworthy losers was Barracuda Networks (CUDA), which crashed $8.01, or 34.01%, to $15.54 after its quarterly results and future guidance both fell short of analyst expectations. Also lower was Mellanox (MLNX), which fell $2.00, or 5.03%, to $37.79 after agreeing to acquire EZchip (EZCH) but failing to reiterate its guidance on a subsequent conference call. Separately, Universal Truckload (UACL) plunged 18.91% to $15.57 after guiding its Q3 results significantly below consensus estimates, after which the stock saw downgrades at research firms BB&T and Citi. INDEXES: The Dow advanced 235.57, or 1.47%, to 16,284.70, the Nasdaq added 102.84, or 2.28%, to 4,620.17, and the S&P 500 rose 35.94, or 1.91%, to 1,920.03.
11:14 EDTSYNASynaptics options active on report of rejected bid from Chinese investor
Synaptics October weekly 66 and 68 calls are active on total call volume of 4K contracts (2K puts) on a rejected a $110 per share takeover offer from a state-backed Chinese investment group, Bloomberg reports. October weekly call option implied volatility is at 125, October is at 77, November is at 64; compared to its 52-week range of 25 to 62. Active call volume suggests traders taking positions for upside price movement.
10:49 EDTSYNASynaptics rejected $110/share bid from Chinese investor, Bloomberg reports
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10:25 EDTSYNASynaptics jumps after Bloomberg says takeover bid rejected
Shares of Synaptics (SYNA) jumped after Bloomberg reported that the company rejected a $110 per share takeover bid from a state-backed Chinese investment group. The supplier of custom-designed human interface solutions is trading up 19% to $77.34.
10:22 EDTSYNASynaptics halted for volatility after jumping 14% on Bloomberg report
10:21 EDTSYNASynaptics rejected $110/share bid from Chinese investor, Bloomberg reports
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