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Stock Market & Financial Investment News

News Breaks
March 22, 2013
12:07 EDTDG, THRX, ELN, HUM, OCN, WPRTOptions with increasing implied volatility: THRX WPRT HUM DG OCN ELN
News For THRX;WPRT;HUM;DG;OCN;ELN From The Last 14 Days
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May 29, 2015
14:38 EDTHUMCigna options active following report Humana considering possible sale
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14:11 EDTHUMHumana options after report of considering possible sale
Humana June 205, July 210 calls and June 160 and 167.5 puts are active on total call volume of 10K contracts (32K puts) on considering sale after receiving takeover interest, WSJ reports. June call option implied volatility is at 42, July is at 38; compared to its 52-week range of 18 to 34. Active option volume suggests traders taking positions for large price movement.
13:58 EDTHUMHumana sale exploration comes after Cigna takeover approach, Bloomberg says
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13:50 EDTHUMHumana surges after report says sale being explored
Shares of health insurer Humana (HUM) are surging in afternoon trading after a report claimed the company is exploring a potential sale after receiving indications of takeover interest. WHAT'S NEW: The Wall Street Journal, citing sources, reported that Humana has hired Goldman Sachs (GS) to help it explore a potential sale after receiving indications of interest. Some of the Journal's sources reportedly said Aetna (AET) and Cigna (CI) are among possible bidders. WHAT'S NOTABLE: After meeting with Aetna's (AET) management, Leerink analyst Ana Gupte wrote in a note to investors on May 12 that consolidation in the industry remains likely, adding that a deal between Aetna and either Cigna or Humana were both "meaningfully accretive" and "imminent" possibilities. The next day, Sterne Agee analyst Brian Wright said Humana was unlikely to be acquired with its stock where it has recently been trading. Wright, who added that speculation about a takeover is "wishful thinking," downgraded Humana shares to Underperform, the firm's sell equivalent rating, and cut his price target on the stock to $150 from $165. OTHERS TO WATCH: Other publicly traded companies in the space include Anthem (ANTM), Centene (CNC), Health Net (HNT), Molina Healthcare (MOH), UnitedHealth (UNH) and WellCare (WCG). PRICE ACTION: In afternoon trading, Humana jumped 17.33% to $209.33, Aetna rose 2.1% to $118.84 and Cigna gained 4.45% to $141.91.
13:18 EDTHUMHumana resumes, up 15% to $205 after report of considering possible sale
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13:17 EDTHUMHumana considering sale after receiving takeover interest, WSJ reports
Humana (HUM) is working with advisers at Goldman Sachs (GS) to consider a potential sale after receiving indications of takeover interest, reported The Wall Street Journal, citing people familiar with the matter. Some of the people said Aetna (AET) and Cigna (CI) are among possible bidders for Humana, the report added. In afternoon trading, Humana jumped 5% before being halted for volatility, while Aetna rose nearly 1% and Cigna gained about 2%. Reference Link
13:12 EDTHUMHumana working with Goldman on potential sale after takeover interest, DJ says
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13:11 EDTHUMHumana halted after jumping 5% after Dow Jones says takeover interest received
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08:29 EDTDGDollar General June weekly volatility elevated into Q1 and outlook
Dollar General June weekly call option implied volatility is at 34, June is at 29, July is at 22, August is at 21; compared to its 52-week range 19 to 44, suggesting large near term price movement into its expected release of Q1 results on June 2.
May 28, 2015
09:03 EDTDGDollar General names COO Todd Vasos as CEO
Dollar General Corporation announced that effective June 3, its board of directors has named Todd J. Vasos, COO, to the position of CEO and has elected him to the board. Vasos will succeed Rick Dreiling, chairman and CEO, who had previously announced his retirement plans. Dreiling will remain on the board for the remainder of his term and will serve as senior advisor and chairman of the board through January 29, 2016. The election of Vasos to Dollar Generalís board will bring the total number of directors to nine.
May 27, 2015
16:41 EDTOCNOcwen to discontinue residential servicing operations at Houston facility
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May 26, 2015
09:58 EDTDGOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: L Brands (LB) upgraded to Conviction Buy from Buy at Goldman... Dollar General (DG) upgraded to Conviction Buy from Buy at Goldman... Accenture (ACN) upgraded to Outperform from Market Perform at Cowen... Expedia (EXPE) upgraded to Outperform from Market Perform at JMP Securities... The Fresh Market (TFM) upgraded to Neutral from Underperform at Longbow... Marvell (MRVL) upgraded to Overweight from Equal Weight at Morgan Stanley... Health Care REIT (HCN) upgraded to Buy from Neutral at Mizuho... Gold Fields (GFI) upgraded to Buy from Hold at HSBC... eBay (EBAY) upgraded to Buy from Hold at Axiom... CNOOC (CEO) upgraded to Neutral from Underweight at JPMorgan... Quintiles (Q) upgraded to Buy from Neutral at SunTrust... DCT Industrial (DCT) upgraded to Neutral from Underperform at Credit Suisse... Pebblebrook Hotel (PEB) upgraded to Outperform from Neutral at Credit Suisse... Fortinet (FTNT) upgraded to Buy from Hold at Needham... BB&T (BBT) upgraded to Buy from Neutral at Guggenheim... Hercules Technology (HTGC) upgraded to Outperform from Neutral at Macquarie... InterXion (INXN) upgraded to Buy from Hold at Stifel.
06:19 EDTDGDollar General upgraded to Conviction Buy from Buy at Goldman
Goldman added Dollar General to the Conviction Buy List and increased its price target to $87 from $85. The firm sees a positive inflection in fundamentals given favorable low-income consumer tailwinds and a reduced margin drag from tobacco, sustainable competitive advantages driving long-term growth, and attractive valuation.
May 20, 2015
13:13 EDTOCNLawsky to step down as head of NYDFS, Bloomberg reports
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May 19, 2015
12:04 EDTHUMAnthem CFO says 'good time' for 'meaningful' acquisition, Reuters reports
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May 18, 2015
12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
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12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
09:25 EDTOCNOn The Fly: Pre-market Movers
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08:09 EDTOCNOcwen in full compliance with NYSE continued listing requirements
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06:53 EDTOCNOcwen says in talks with lender for renenwal, replacement or extension of debt
In a regulatory filing, Ocwen stated: "We currently are in negotiations with our lenders for the renewal, replacement or extension of our debt arrangements that mature or begin amortization in 2015. We may also consider other capital markets transactions including, but not limited to, the sale and financing of advance receivables in the event we do not renew, replace or extend a portion or all of our existing advance financing facilities. We have entered into commitment letters to refinance certain of our debt agreements and extended certain facilities ahead of their scheduled maturity...Our lendersí obligations to fund under these commitment letters are subject to conditions precedent, some of which are outside our control. In the event we are unable to renew, replace or extend all of these debt agreements, we may not have adequate sources of funding for our business. Due to the significant level of cash requirements related to servicing advances, we may not have sufficient levels of liquidity to fund the operations without our advance financing facilities. We typically require significantly more liquidity to meet our advance funding obligations than our available cash on hand."
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