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Stock Market & Financial Investment News

News Breaks
June 18, 2014
08:46 EDTXOOMXoom initiated with a Buy at Monness Crespi
Target $36.
News For XOOM From The Last 14 Days
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July 2, 2015
10:04 EDTXOOMHigh option volume stocks
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10:00 EDTXOOMOn The Fly: Analyst Downgrade Summary
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09:15 EDTXOOMOn The Fly: Pre-market Movers
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08:57 EDTXOOMAnalysts split on impact to Western Union from PayPal deal
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08:41 EDTXOOMXoom downgraded to Neutral from Buy at Buckingham
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08:17 EDTXOOMWestern Union has negative read through from Xoom deal, says JMP Securities
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07:51 EDTXOOMeBay deal positive, says Stifel
After eBay's (EBAY) PayPal agreed to buy Xoom (XOOM), Stifel says that the deal should reduce fraud at PayPal and Xoom, and accelerate Xoom's growth. The firm expects the deal to close successfully. It raised its price target on Xoom to $25 from $23 and keeps a Buy rating on the shares.
06:51 EDTXOOMXoom downgraded to Neutral from Outperform at Baird
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06:00 EDTXOOMWells sees minimal impact to peers from Xoom buyout
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05:49 EDTXOOMCompetitive bid for Xoom is possible, says SunTrust
SunTrust analyst Andrew Jeffrey believes eBay (EBAY) unit PayPal's acquisition agreement with Xoom (XOOM) could invite a competitive bid. In a note to investors last night titled "Steal Of The Century," Jeffrey writes Xoom's "one-of-a-kind cross-border remittance franchise and market-leading ACH risk management technology" could bring other suitors. At $890M or $25 per share, PayPal is paying a compelling price, the analyst argues. He sees Xoom's takeover as potentially threatening to Western Unionís (WU) business. Jeffrey has a Buy rating on Xoom with a $29 price target. Following the company's merger agreement with PayPal, the shares traded up $4.40 to $25.10 last night in after-hours trading. PayPal is looking to acquire Xoom ahead of its planned separation from eBay.
July 1, 2015
18:39 EDTXOOMOn The Fly: After Hours Movers
UP AFTER EARNINGS: Progress Software (PRGS), up 6.6%. ALSO HIGHER: Xoom (XOOM), up 22% after announcing company to be acquired by PayPal... BioDelivery Sciences (BDSI), up 4.7% after Point72 Asset Management reports 5.5% passive stake in the company... Green Brick Partners (GRBK), up 7.5% after Third Point reports 16.9% stake in the company.
18:07 EDTXOOMXoom up 25% after announcing company to be acquired by PayPal
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17:43 EDTXOOMXoom to resume trading at 6:00 PM ET
Quotes resume at 5:55 PM ET.
17:40 EDTXOOMXoom trading halted, news released
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17:39 EDTXOOMXoom up 7% after Paypal acquires company for $25 per share
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17:37 EDTXOOMXoom acquisition to be slightly dilutive to PayPalís FY16 EPS
Due to anticipated one-time integration costs, the completion of the Xoom (XOOM) transaction is expected to be slightly dilutive to PayPalís non-GAAP EPS for FY16. PayPal intends to fund the transaction with cash on its balance sheet. Upon closing of the acquisition, Xoom will operate as a separate service within PayPal. The acquisition is expected to close in Q4, subject to customary closing conditions, including Xoom stockholder approval, the expiration or early termination of the applicable pre-merger waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and the receipt of certain consents relating to Xoomís money transmitter licenses. Holders of approximately 18% of Xoom's outstanding shares, including all executive officers and directors of Xoom and certain entities affiliated with Sequoia Capital, have entered into voting and support agreements with PayPal pursuant to which they have agreed to vote in favor of the transaction. eBay (EBAY) is PayPalís parent company.
17:34 EDTXOOMPayPal to acquire Xoom for $25 per share
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June 29, 2015
10:09 EDTXOOMOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Assured Guaranty (AGO) downgraded to Neutral from Buy at BTIG... Capital Bank (CBF) downgraded to Hold from Buy at Sandler O'Neill... F5 Networks (FFIV) downgraded to Neutral from Overweight at Piper Jaffray... First BanCorp (FBP) downgraded to Neutral from Buy at Guggenheim... Gannett (GCI) downgraded to Hold at Jefferies following spin-off... IBERIABANK (IBKC) downgraded to Hold from Buy at Sandler O'Neill... JPMorgan (JPM) downgraded to Perform from Outperform at Oppenheimer... KYTHERA (KYTH) downgraded to Market Perform from Outperform at Leerink... MBIA (MBI) downgraded to Neutral from Buy at BTIG... Macy's (M) downgraded to Sell from Buy at Deutsche Bank... MarketAxess (MKTX) downgraded to Underperform from Neutral at Macquarie... Nutrisystem (NTRI) downgraded to Market Perform from Outperform at Barrington... Park Sterling Bank (PSTB) downgraded to Hold from Buy at Sandler O'Neill... Popular (BPOP) downgraded to Neutral from Buy at Guggenheim... Qualcomm (QCOM) downgraded to Sell from Hold at Drexel Hamilton... SunTrust (STI) downgraded to Perform from Outperform at Oppenheimer... Ternium (TX) downgraded to Neutral from Buy at BofA/Merrill... Xoom (XOOM) downgraded to Neutral at Susquehanna... Youku Tudou (YOKU) downgraded to Underperform from Neutral at Mizuho.
08:57 EDTXOOMXoom downgraded to Neutral at Susquehanna
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07:25 EDTXOOMXoom downgraded to Neutral from Positive at Susquehanna
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