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Stock Market & Financial Investment News

News Breaks
January 30, 2013
07:04 EDTTHRXFDA panel vote on olodaterol positive for Theravance drug, says Piper Jaffray
Piper Jaffray believes the positive FDA panel recommendation for Boehringer's olodaterol in COPD signals a similar outcome for Theravance's Breo's panel on March 7. The firm recommends buying shares of Theravance ahead of the FDA panel and keeps an Overweight rating on the name with a $32 price target.
News For THRX From The Last 14 Days
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May 21, 2013
07:07 EDTTHRXTheravance pullback on Elan bid a buying opportunity, says Piper Jaffray
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May 16, 2013
11:27 EDTTHRXOptions with decreasing implied volatility: LNCO MBI OPK THRX SGMO
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May 15, 2013
11:13 EDTTHRXOptions with decreasing implied volatility: MM GMCR GRPN THRX SGMO
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May 14, 2013
12:16 EDTTHRXOptions with decreasing implied volatility: MM PANL DGIT VCLK THRX
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08:16 EDTTHRXTheravance price target raised to $48 from $38 at RW Baird
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07:07 EDTTHRXTheravance price target raised to $54 from $44 at Stifel
Stifel thinks that Theravance's (THRX) royalty deal with Elan (ELN) demonstrates its ability to generate revenue that had not been reflected in its stock price. The firm expects Theravance to make similar deals in the future and it keeps a Buy rating on the stock.
May 13, 2013
16:25 EDTTHRXOn The Fly: Closing Wrap
Stocks on Wall Street were little changed from their opening levels as investors weighed the potential end of the Fed's quantitative easing program against a better than expected report on retail sales. The Wall Street Journal's Jon Hilsenrath suggested in a report over the weekend that the Federal Reserve has mapped a QE exit strategy. The report paired with the retail sales data left the market lacking conviction in either direction today, as the averages spent the majority of the session range-bound near the flatline. ECONOMIC EVENTS: In the U.S., retail sales rose 0.1% in April, which beat expectations for a 0.3% decline. Retail sales excluding autos, gas, and building materials rose 0.6%, which was also better than expected. Business inventories were flat in March, versus expectations for a 0.3% gain. In Asia, Chinese factory output grew 9.3% annually in April, which was up from 8.9% in March but still missed expectations for a 9.5% growth rate. COMPANY NEWS: The Supreme Court ruled unanimously that Monsanto's (MON) patented genetically altered soybeans are protected and that farmers cannot use them to create new seeds without paying the company... Dell's (DELL) special committee publicly asked for more information from Carl Icahn and Southeastern Asset Management about their proposed leveraged recapitalization. This request follows television interviews by Icahn last Friday in which he discussed his Dell proposal, as well as a weekend report in Barron's saying the Icahn and Southeastern plan could be a better deal for shareholders. MAJOR MOVERS: Among the notable gainers was Theravance (THRX), up $6.26, or 17.92%, to $41.20 after Elan Corporation (ELN) bought a stake in the potential future royalty payments from four respiratory programs partnered with GlaxoSmithKline (GSK) in exchange for $1B in cash. Also higher was Tesla (TSLA), which rose $11.04, or 14.38%, to $87.80 in its third straight double-digit percentage gain following a better-than-expected earnings report last week. Among the noteworthy losers was Barnes & Noble (BKS), down $2.21, or 9.48%, to $21.10 after the blog InsiderMonkey disputed a previous report about Microsoft's (MSFT) interest in the bookseller's NOOK assets. Also lower was JoS. A. Bank (JOSB), down $3.31, or 7.16%, to $42.90 after the company's first quarter earnings view came in below expectations. INDICES: The Dow was down 26.81, or 0.18%, to 15,091.68; the Nasdaq was up 2.21, or 0.06%, to 3,438.79; and the S&P 500 was nearly unchanged at 1,633.77.
12:20 EDTTHRXOn The Fly: Midday Wrap
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09:25 EDTTHRXOn The Fly: Pre-market Movers
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05:44 EDTTHRXElan provides additional information on Elan/Theravance agreement
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05:35 EDTTHRXTheravance, Elan enter into $1B royalty participation agreement
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05:31 EDTTHRXTheravance, Elan enter into $1B royalty participation agreement
05:26 EDTTHRXTheravance to host conference call
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May 10, 2013
12:42 EDTTHRXGlaxoSmithKline, Theravance confirm FDA approval of Breo Ellipta
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11:17 EDTTHRXTheravance jumps 12% to $35.12 following FDA approval for COPD drug
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11:15 EDTTHRXFDA approves Breo Ellipta to treat chronic obstructive pulmonary disease
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May 9, 2013
06:12 EDTTHRXTheravance price target raised to $44 from $32 at Piper Jaffray
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