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Stock Market & Financial Investment News

News Breaks
July 23, 2014
10:20 EDTXLNXXilinx tumbles after results, bearish pattern active, levels to watch
Shares are trading at $40.08, down 16.7% to a new 52-week low, following the company's earnings report last night after the close. Off that report several firms downgraded the name: BMO Capital to Market Perform with a price target cut to $42 from $60, William Blair to Market Perform, and to Neutral at BofA/Merrill. Support is at $39.13, the session low. Resistance is at $41.33. On a 5-year chart the move today confirms that a large bearish head and shoulders top is now in progress. The neckline was just below $43. The downside potential for this pattern over time is to the $30 area.
News For XLNX From The Last 14 Days
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November 17, 2014
18:32 EDTXLNXOn The Fly: After Hours Movers
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16:21 EDTXLNXXilinx announces $800M share repurchase plan
Xilinx announced that its Board of Directors has granted an authorization for the company to repurchase up to $800M of its common stock, or approximately 7% of its outstanding shares at the current stock price. Since fiscal 2010, the company has repurchased approximately 50M shares for approximately $1.6B. Timing of repurchases and exact number of shares of common stock to be purchased will depend upon prevailing market conditions and other factors.

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