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Stock Market & Financial Investment News

News Breaks
March 28, 2014
05:27 EDTWBAI500.com enters into strategic cooperation agreement with Yhd.com
500.com announced that it has signed a strategic cooperation agreement with Yhd.com, a leading B2C e-commerce platform for food, beverages and imported food products in China which is owned by Wal-Mart Group, to begin offering the company's sports lottery products through Yhd.com's extensive e-commerce platform. According to the terms of the agreement, Yhd.com will begin marketing 500.com's sports lottery products and services. The company's sports lottery purchase and information services will be made available to Yhd.com's 60 million registered users through its online platform and mobile apps. With its extensive experience in managing online lottery products, 500.com will provide its advanced technology and operational expertise to aid Yhd.com in optimizing its lottery sales service, improving the customer experience, and promoting lottery products and user registrations through various marketing campaigns. 500.com will maintain full control of the product design, development and operation.
News For WBAI From The Last 14 Days
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April 1, 2015
13:49 EDTWBAI500.com slips after prior bull recommends short position
The shares of Chinese online lottery operator 500.com (WBAI) are falling after boutique research firm GeoInvesting recommended shorting the stock. According to GeoInvesting, the company is not generating new revenue. BACKGROUND: On March 2, 500.com made an announcement in furtherance to the company's announcement on February 25 with regard to the suspension of sales by certain provincial sports lottery administration centers. The company noted that during the temporary suspension period the company plans to continue processing online orders for lottery products that are distributed by local lottery stations and represented by paper lottery tickets. "As a result, the company expects transaction volume to decrease significantly and in turn the company's financial results will likely be materially and adversely impacted during the temporary suspension period," 500.com stated. WHAT'S NEW: With a majority of 500.com's online lottery sales suspended the company is "in a non-revenue generating holding pattern," GeoInvesting stated. This "holding pattern" may not end this year or ever, added GeoInvesting, which noted 500.com's warning on how that these suspensions could have a material adverse effect on its financial results. GeoInvesting cautioned that the company is only "doing the bare minimum" to warn U.S. investors about these events. WHAT'S NOTABLE: On February 10, Geo Investing had predicted that 500.com could "handily" beat consensus Q4 estimates when it reported results the next day, citing its "on the ground due diligence," data it has reviewed, and conversations with other analysts. On February 11, 500.com reported Q4 EPADS of 23c, compared to consensus of 27c, and revenue of $23.6M, versus the consensus $22.54M forecast. PRICE ACTION: In early afternoon trading, 500.com fell 3% to $10.50. The stock is down over 11% in the last five days and down 40% in this year to date.
10:37 EDTWBAIGeoInvesting says short 500.com after service suspensions
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March 30, 2015
14:23 EDTWBAI500.com volatility elevated
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March 26, 2015
10:30 EDTWBAIOptions with decreasing implied volatility
Options with decreasing implied volatility: ASPS WLL WBAI CTRP FIVE LINE DRC RHT LULU APOL
March 25, 2015
10:36 EDTWBAIOptions with decreasing implied volatility
Options with decreasing implied volatility: FOLD WLL WBAI ASPS GES PSEC CTRP LNCO VRTX ARP
March 18, 2015
10:21 EDTWBAIHigh option volume stocks:
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