Breaking News Instant updates and real-time market news.

ARNC

Arconic

$27.81

0.305 (1.11%)

15:48
03/20/17
03/20
15:48
03/20/17
15:48

Elliott says Arconic's press release fails to answer shareholder questions

Elliott Management, which manages funds that collectively beneficially own a 13.2% economic interest in Arconic sent a letter to the Arconic Board demanding a full, fair and independent accounting of the secret vote-buying agreement that was only disclosed for the first time on March 13. Elliot continued, "The company's press release, which announced that the voting lock-up had been waived, fails to answer shareholders' existing questions and raised new questions that demand answers. In its letter to the Board, Elliott provided a list of questions that, at minimum, shareholders deserve answers to. Elliott also called for the immediate dismissal of those found to have been responsible for the illicit vote-buying deal." The letter said in part: "Last Thursday, we sent you a letter detailing management's diversion of corporate assets for its own benefit related to a vote-buying agreement that was deliberately concealed, likely in violation of applicable law, from the company's shareholders for the better part of a year...This morning, in a brief statement, the company announced it would waive the provisions of that agreement. This is a necessary step, but it is hardly sufficient. The problem with the Secret August Voting Lock-up wasn't just that it affected the company's upcoming proxy contest, but that it looks to have been contrary to law, contrary to the company's own Code of Ethics, and contrary to the fundamental principles of shareholder trust. In executing the vote-buying agreement, management traded shareholder value for votes promoting its own entrenchment and that of the Board. The Board cannot simply "waive" the terms of the agreement and act as if nothing implicating management integrity ever happened. ..In our letter last week, we expressed our disbelief - which we know is widely shared by other Company shareholders - that the Board could possibly have been made aware of or approved of this arrangement or the efforts undertaken to cover it up. Today's statement, though lacking in detail, seems to confirm our belief. But unfortunately, today's statement also suggests the Board is not treating these illicit dealings with the necessary gravity. It cannot be the ongoing responsibility of the shareholders to police management misconduct"

ARNC Arconic
$27.81

0.305 (1.11%)

02/10/17
FBCO
02/10/17
NO CHANGE
Target $33
FBCO
Outperform
Arconic price target raised to $33 from $27 at Credit Suisse
Credit Suisse analyst Curt Woodworth raised his price target for Arconic to $33 from $27 as he now incorporates more substantive cost reductions to account for more aggressive behavior from current management and the potential for more sizeable "shock therapy" if a new CEO is appointed following the annual meeting anticipated in early May. The analyst reiterates an Outperform rating on the shares.
02/02/17
JPMS
02/02/17
UPGRADE
Target $46
JPMS
Overweight
Alcoa upgraded to Overweight from Neutral at JPMorgan
JPMorgan analyst Michael Gambardella upgraded Alcoa (AA) to Overweight saying the company, post the Arconic (ARNC) spin-off, is in a much better position to "weather weaker commodity price environments given the significant deleveraging of its balance sheet." Arconic absorbed most of Alcoa's consolidated debt, giving the latter "significant leverage" to recently rebounding alumina and aluminum prices, Gambardella tells investors in a research note. He raised his price target for Alcoa shares to $46 from $29.
12/01/16
DBAB
12/01/16
INITIATION
Target $26
DBAB
Sell
Alcoa initiated with a Sell at Deutsche Bank
Deutsche Bank analyst Jorge Beristain initiated Alcoa (AA) with a Sell rating and $26 price target, following its spin-off from Arconic (ARNC), as he believes the roughly 30% run-up in the stock in the month since the break-up has moved its price to a level that more-than-fully reflects the value from Alumina Ltd. He also sees the company's complex structure and Arconic's pending 19.9% stake sales as added headwinds.
11/07/16
MSCO
11/07/16
INITIATION
Target $19
MSCO
Equal Weight
Arconic initiated with an Equal Weight at Morgan Stanley
Morgan Stanley analyst Rajeev Lalwani initiated Arconic with an Equal Weight and a $19 price target and would wait for a better entry point before becoming more constructive on shares.

TODAY'S FREE FLY STORIES

SITE

SiteOne Landscape

$51.93

1.59 (3.16%)

17:46
05/25/17
05/25
17:46
05/25/17
17:46
Hot Stocks
SiteOne Landscape acquires Evergreen Partners »

SiteOne Landscape Supply…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

LMT

Lockheed Martin

$282.06

2.01 (0.72%)

17:45
05/25/17
05/25
17:45
05/25/17
17:45
Hot Stocks
Lockheed Martin LM-100J makes successful first flight »

The first Lockheed Martin…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

17:45
05/25/17
05/25
17:45
05/25/17
17:45
General news
Breaking General news story  »

Dallas Federal Reserve…

LGF.A

Lionsgate

$25.55

0.4 (1.59%)

, LGF.B

Lionsgate

$23.45

0.31 (1.34%)

17:43
05/25/17
05/25
17:43
05/25/17
17:43
Hot Stocks
Lionsgate sees low to mid teens adjusted OIBDA growth, warns of near-term spend »

"We're…

LGF.A

Lionsgate

$25.55

0.4 (1.59%)

LGF.B

Lionsgate

$23.45

0.31 (1.34%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 27

    Jun

DXC

DXC Technology

$78.64

0.69 (0.89%)

17:41
05/25/17
05/25
17:41
05/25/17
17:41
Earnings
DXC Technology sees FY18 adjusted EPS $6.50-$7.00, consensus $6.72 »

Guidance taken from Q4…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

17:36
05/25/17
05/25
17:36
05/25/17
17:36
Hot Stocks
GameStop sees 'strong' Switch demand outpacing supply in near term »

GameStop (GME) sees…

GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

TWX

Time Warner

$99.37

0.97 (0.99%)

T

AT&T

$38.23

0.08 (0.21%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 31

    May

  • 31

    May

  • 15

    Jun

NTNX

Nutanix

$17.57

0.12 (0.69%)

, DECK

Deckers Brands

$56.57

-1.51 (-2.60%)

17:36
05/25/17
05/25
17:36
05/25/17
17:36
Hot Stocks
On The Fly: After Hours Movers »

UP AFTER EARNINGS:…

NTNX

Nutanix

$17.57

0.12 (0.69%)

DECK

Deckers Brands

$56.57

-1.51 (-2.60%)

ULTA

Ulta Beauty

$293.04

12.53 (4.47%)

EGHT

8x8, Inc.

$13.15

0.05 (0.38%)

VEEV

Veeva

$61.74

0.67 (1.10%)

COST

Costco

$174.73

1.72 (0.99%)

BIG

Big Lots

$48.37

1.39 (2.96%)

TGNA

Tegna

$23.71

0.26 (1.11%)

NXST

Nexstar

$57.50

-1.3 (-2.21%)

ZOES

Zoe's Kitchen

$16.20

-0.18 (-1.10%)

GME

GameStop

$23.62

0.91 (4.01%)

SPLK

Splunk

$67.09

0.92 (1.39%)

MRVL

Marvell

$16.94

0.16 (0.95%)

TRIL

Trillium Therapeutics

$5.45

-0.15 (-2.68%)

TRGP

Targa Resources

$48.47

-1.11 (-2.24%)

AERI

Aerie Pharmaceuticals

$54.25

13.75 (33.95%)

MACK

Merrimack

$3.40

-0.04 (-1.16%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 26

    May

  • 30

    May

  • 31

    May

  • 31

    May

  • 31

    May

  • 01

    Jun

  • 06

    Jun

  • 06

    Jun

  • 06

    Jun

  • 08

    Jun

  • 08

    Jun

  • 13

    Jun

  • 15

    Jun

  • 20

    Jun

  • 28

    Jun

  • 29

    Jun

  • 14

    Jul

  • 28

    Feb

  • 26

    May

OKE

ONEOK

$51.66

-1.12 (-2.12%)

, OKS

ONEOK Partners

$50.70

-1.04 (-2.01%)

17:34
05/25/17
05/25
17:34
05/25/17
17:34
Hot Stocks
ONEOK names Walter Hulse III CFO »

ONEOK (OKE) and ONEOK…

OKE

ONEOK

$51.66

-1.12 (-2.12%)

OKS

ONEOK Partners

$50.70

-1.04 (-2.01%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

AZN

AstraZeneca

$34.34

0.07 (0.20%)

17:32
05/25/17
05/25
17:32
05/25/17
17:32
Hot Stocks
AstraZeneca recalls one lot of Brilinta sample bottles »

AstraZeneca announced…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 26

    Jun

NTNX

Nutanix

$17.57

0.12 (0.69%)

17:29
05/25/17
05/25
17:29
05/25/17
17:29
Technical Analysis
Technical View: Nutanix breaks out, rounding pattern in progress »

In the extended session…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 08

    Jun

BIG

Big Lots

$48.37

1.39 (2.96%)

, COST

Costco

$174.73

1.72 (0.99%)

17:27
05/25/17
05/25
17:27
05/25/17
17:27
Hot Stocks
Breaking Hot Stocks news story on Big Lots, Costco »

Big Lots up 3.4% after…

BIG

Big Lots

$48.37

1.39 (2.96%)

COST

Costco

$174.73

1.72 (0.99%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 26

    May

  • 31

    May

WING

Wingstop

$29.72

-0.12 (-0.40%)

17:19
05/25/17
05/25
17:19
05/25/17
17:19
Hot Stocks
Wingstop CFO Mravle to resign effective June 23, 2017 »

According to a regulatory…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 20

    Jun

HUBG

Hub Group

$34.10

-0.05 (-0.15%)

17:17
05/25/17
05/25
17:17
05/25/17
17:17
Hot Stocks
Hub Group acquires Estenson Logistics »

Hub Group announced that…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

17:14
05/25/17
05/25
17:14
05/25/17
17:14
Hot Stocks
GameStop: Red Dead 2 delay, Switch demand keep company at initial FY17 guidance »

GameStop (GME) says Q2…

GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

TTWO

Take-Two

$78.53

0.8 (1.03%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 25

    May

  • 31

    May

RELL

Richardson Electronics

$5.96

-0.04 (-0.67%)

17:09
05/25/17
05/25
17:09
05/25/17
17:09
Hot Stocks
Richardson Electronics sells PACS display businss to Double Black Imaging »

Richardson Electronics…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

GME

GameStop

$23.62

0.91 (4.01%)

, NTDOY

Nintendo

$35.95

0.4 (1.13%)

17:09
05/25/17
05/25
17:09
05/25/17
17:09
Hot Stocks
GameStop backs FY17 new hardware sales view to unchanged to up slightly »

GameStop (GME) says it…

GME

GameStop

$23.62

0.91 (4.01%)

NTDOY

Nintendo

$35.95

0.4 (1.13%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 31

    May

COST

Costco

$174.73

1.72 (0.99%)

17:07
05/25/17
05/25
17:07
05/25/17
17:07
Hot Stocks
Costco reports Q3 comparable sales up 5% »

Reports Q3 comparable…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

MNK

Mallinckrodt

$41.00

0.76 (1.89%)

17:04
05/25/17
05/25
17:04
05/25/17
17:04
Hot Stocks
Mallinckrodt reports on study of Acthar Gel after multiple sclerosis relapse »

Mallinckrodt highlights…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 13

    Jun

FRGI

Fiesta Restaurant

17:03
05/25/17
05/25
17:03
05/25/17
17:03
Hot Stocks
Fiesta Restaurant rejects 'misleading' claims by activist group JCP »

Fiesta Restaurant Group,…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

YUM

Yum! Brands

$72.13

0.18 (0.25%)

17:02
05/25/17
05/25
17:02
05/25/17
17:02
Hot Stocks
Taco Bell to add restaurants domestically to reach $15B sales goal »

Taco Bell, a subsidiary…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 31

    May

  • 31

    May

LBIO

Lion Biotechnologies

$6.15

-0.35 (-5.38%)

16:57
05/25/17
05/25
16:57
05/25/17
16:57
Hot Stocks
Lion Biotechnologies announces resignation of CFO Gregory Schiffman »

Lion Biotechnologies…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 02

    Jun

  • 06

    Jun

CPE

Callon Petroleum

$12.01

-0.08 (-0.66%)

16:55
05/25/17
05/25
16:55
05/25/17
16:55
Hot Stocks
Callon Petroleum names Joseph Gatto, Jr. CEO »

Callon Petroleum Company…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

HGV

Hilton Grand Vacations

$36.32

0.24 (0.67%)

16:54
05/25/17
05/25
16:54
05/25/17
16:54
Syndicate
Breaking Syndicate news story on Hilton Grand Vacations »

Hilton Grand Vacations…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

SYPR

Sypris Solutions

$1.48

0.05 (3.50%)

16:51
05/25/17
05/25
16:51
05/25/17
16:51
Hot Stocks
Sypris Electronics achieves ISO 13485 registration from NSF-ISR »

Sypris Electronics, a…

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

BBY

Best Buy

$61.25

10.83 (21.48%)

, HPQ

HP Inc.

$18.37

-0.64 (-3.37%)

16:42
05/25/17
05/25
16:42
05/25/17
16:42
General news
On The Fly: Top stock stories for Thursday »

Stocks began the session…

BBY

Best Buy

$61.25

10.83 (21.48%)

HPQ

HP Inc.

$18.37

-0.64 (-3.37%)

SHLD

Sears

$8.48

1.01 (13.52%)

GM

General Motors

$32.60

-0.6 (-1.81%)

BCRX

BioCryst

$6.73

1.6 (31.19%)

PVH

PVH Corp.

$106.98

4.94 (4.84%)

SPLS

Staples

$9.06

0.28 (3.19%)

SIG

Signet Jewelers

$50.30

-4.23 (-7.76%)

GCO

Genesco

$34.40

-10.15 (-22.78%)

03/08/13
Wedge Partners
03/08/13
Credit Suisse
03/06/13
Citigroup
03/06/13
Barclays

See Street Research during your Free Trial

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 25

    May

  • 31

    May

  • 31

    May

  • 31

    May

  • 06

    Jun

  • 06

    Jun

  • 06

    Jun

  • 12

    Jun

  • 13

    Jun

  • 28

    Jun

Get Full Fly Access

Breaking market intelligence sent straight to you
Our team of experts analyze every news story and filter out the noise to deliver real-time market moving news.
Up-to-date information on important industry events
Get real-time updates on events that are moving the market—from conferences and calls to syndicate announcements.
News focused on the companies in your portfolio
Create up to 12 portfolios with 150 stocks each, and see how active they are in market news.