Shares of the satellite radio company, Sirius XM Radio Inc. (NASDAQ: SIRI) gained 2.90 by mid-day trade on Tuesday. The Company said that it added 715,000 new subscribers in the fiscal second quarter, raising its total base in excess of 25 million.
Continue reading Major Movers on July 9; SIRI, ISRG, WDFC, BKS, KR, HTSI
Shares of Netflix Inc. (NASDAQ: NFLX) fell 3% by afternoon trade after Bernstein’s senior equity analyst, carlos Kirjner downgraded the internet streaming company’s stock to “underperform” from “market-perform”. Bernstein has a price target of $180. The firm said current valuation reflected “unrealistic expectations.” In his research note, Kirjner wrote, “We believe Netflix will grow its subscriber base, will expand its margins and will be able to replicate its business model in different geographies….However, we also believe that the stock’s current valuation reflects unrealistic expectations across all major economic and strategic levers of the business.”
Continue reading Major Movers on June 25; NFLX, BKS, WAG, P, IPXL
Shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) soared about 25% by afternoon trade after the coffee maker, late last evening, announced that it has extended its partnership with the world’s biggest coffee-store chain, Starbucks Corp (NASDAQ: SBUX). Under the latest agreement, Green Mountain would triple its supplies of KEURIG Brewers line of products to Starbucks.
Continue reading Major Movers on May 9; GMCR, ATVI, GRPN, RAX, TSLA, RAX, BKS
Shares of Barnes & Noble (NYSE: BKS) soared on Thursday after TechCrunch reported that Microsoft Corp. (NASDAQ: MSFT) has considered offering the bookseller $1 billion to acquire its e-reader (tablet) business.
Continue reading Microsoft Shows Interest in Buying Nook’s E-Reader Business (BKS, MSFT)
Barnes & Noble Inc.’s (NYSE: BKS) Chairman and biggest stakeholder, Leonard Riggio, has shown interest on buying out Company’s consumer book store chain division, possibly splitting the company into two.
Shares of Barnes & Noble Inc. (NYSE: BKS), a content, commerce and technology company that provides consumers access to books, rose sharply in trading on Friday after the company announced that Pearson (NYSE: PSO) agreed to make a strategic investment in Nook Media LLC.
Shares of Barnes & Noble Inc. (NYSE: BKS), a content, commerce and technology company providing customers access to books, magazines, newspapers and other content across its multi-channel distribution platform, are surging today after technology giant Microsoft Corporation (NASDAQ: MSFT) said that it will make a $300 million investment in the company’s Nook e-reader.
Continue reading Big Mover; Barnes & Noble Surges on Microsoft Investment (BKS, MSFT)