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Stock Market & Financial Investment News

News Breaks
February 14, 2014
08:01 EDTVIPSVipshop acquires controlling interest in Lefeng for $132.5M
Vipshop announced that it has acquired a 75% equity interest in Lefeng.com Limited from Ovation Entertainment Limited. Immediately after the acquisition, the Company and Ovation hold 75% and 25%, respectively, of Lefeng. The total consideration payable by the Company for the acquisition is approximately $132.5M, including cash payment and financing in connection with assumed liabilities. In connection with the acquisition, Vipshop entered into a framework supply agreement with the PRC affiliates of Lefeng and Ovation. Pursuant to the agreement, Ovation will supply cosmetics, apparel and other consumer products developed under Ovation's proprietary brands to Vipshop for retail through vip.com and lefeng.com while Vipshop undertakes to achieve at least RMB900 million of sales of Ovation products in 2014 and has a right to receive progressive commissions based on the sales volume.
News For VIPS From The Last 14 Days
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August 14, 2014
16:29 EDTVIPSVipshop price target raised to $300 from $200 at Brean Capital
Brean Capital raised its price target for Vipshop shares to $300 following the company's Q2 results citing a ramp-up on mobile in both revenue growth and user acquisition. The firm sees Vipshop mobile efforts as setting up 2015-2016 growth and it keeps a Buy rating on the stock.
13:03 EDTVIPSVipshop price target raised to $243 from $218 at Deutsche Bank
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11:52 EDTVIPSVipshop price target raised to $260 from $224 at Piper Jaffray
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09:11 EDTVIPSOn The Fly: Pre-market Movers
UP AFTER EARNINGS: Kohl's (KSS), up 2.5%... Plug Power (PLUG), up 10%... Perrigo (PRGO), up 4.5%. HIGHER: Aruba Networks (ARUN), up 3% after shares upgraded at Stifel... KaloBios (KBIO), up 7.9% after publication shows EphA3 as target for anticancer therapy... Supernus (SUPN), up 4.4% after receiving FDA fast track designation for SPN-810. DOWN AFTER EARNINGS: Noodles & Company (NDLS), down 22%... Vipshop (VIPS), down 5.8%. LOWER: ExOne (XONE), down 10.7%, Voxeljet (VJET), down 6.6%, after earnings reports. Peers in the 3D space are lower as well, with Stratasys (SSYS) down 1% and 3D Systems (DDD) down 0.2%... Enphase Energy (ENPH), down 2.6% after filing to sell common stock for holders... InterMune (ITMN), down 3% after downgraded at Goldman following yesterday's advance on Bloomberg report that the company received takeover bids from Sanofi (SNY), Roche (RHHBY).
August 13, 2014
16:04 EDTVIPSVipshop sees Q3 revenue $850M-$860M, consensus $824.85M
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16:04 EDTVIPSVipshop reports Q2 EPS 72c, consensus 64c
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15:13 EDTVIPSVipshop August 225 straddle priced for 8.2% move into Q2
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07:39 EDTVIPSVipshop August volatility elevated into Q2 and outlook
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