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AABA

Altaba

$19.60

-0.11 (-0.56%)

08:08
09/30/19
09/30
08:08
09/30/19
08:08

Altaba shares to halt trading on Nasdaq

Altaba announced that Nasdaq has advised the fund that it intends to halt trading in the fund's shares of common stock, par value $0.001 per share, on Nasdaq following the close of regular trading in anticipation of the fund's filing of a certificate of dissolution with the Secretary of State of the State of Delaware on October 4. Nasdaq has further advised the fund that it intends to maintain the halt in trading in the shares until confirmation of the filing of the certificate of dissolution, and that upon confirmation, Nasdaq intends to indefinitely suspend trading in the shares prior to the opening of trading on Nasdaq. The fund previously announced that it plans to file the certificate of dissolution immediately following the close of regular trading on Nasdaq on October 4 and that, upon the filing of the certificate of dissolution, the fund will close its stock transfer books, after which record holders of the fund's shares will be prohibited from transferring record ownership of their shares, except by will, intestate succession or operation of law.

AABA Altaba
$19.60

-0.11 (-0.56%)

04/04/19
JPMS
04/04/19
DOWNGRADE
Target $78
JPMS
Neutral
Altaba downgraded to Neutral from Overweight at JPMorgan
JPMorgan analyst Douglas Anmuth downgraded Altaba to Neutral from Overweight and lowered his price target for the shares to $78 from $84.
04/04/19
JPMS
04/04/19
DOWNGRADE
Target $78
JPMS
Neutral
JPMorgan downgrades Altaba to Neutral ahead of dissolution
JPMorgan analyst Douglas Anmuth downgraded Altaba (AABA) to Neutral from Overweight and lowered his price target for the shares to $78 from $84. Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels, Anmuth tells investors in a research note. The analyst says this is not the tax-efficient outcome he had hoped for. He believes Altaba's ability to execute the most efficient transaction ultimately depended on Alibaba's (BABA) interest and willingness to participate, and "it was clear Alibaba has not shown an interest in repurchasing its shares." His Neutral rating reflects his expectation for a Q4 dissolution.
04/04/19
04/04/19
DOWNGRADE

Fly Intel: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Micron (MU) downgraded to Underweight from Equal Weight at Morgan Stanley with analyst Joseph Moore saying the company's fundamentals have not changed but the stock has rallied amid recent optimism as cloud demand has started to come back and a competitor has experienced a "minor product qualification challenge." 2. Brighthouse Financial (BHF) downgraded to Sell from Neutral at Citi with analyst Suneet Kamat saying the recent decline in long-term interest rates and the forward curve could negatively impact Brighthouse's ability to generate free cash flow from its variable annuity business. 3. Altaba (AABA) downgraded to Neutral from Overweight at JPMorgan with analyst Douglas Anmuth saying Altaba yesterday announced its board approved plans for a voluntary liquidation and dissolution, with total distributions paid expected between $76.62 and $79.22 per share, which represents ~5-9% upside from current levels. 4. Comerica (CMA) downgraded to Neutral from Overweight at JPMorgan and to Neutral from Buy at Goldman Sachs. 5. Roku (ROKU) downgraded to Neutral from Buy at Guggenheim with analyst Michael Morris saying Apple's (AAPL) video product unveiled on March 25 represents an additional risk to Roku's active user base. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
05/24/19
STFL
05/24/19
NO CHANGE
Target $220
STFL
Buy
Stifel adds Alibaba to Select List, sees 40% upside from current levels
Stifel analyst Scott Devitt added Alibaba Group Holding (BABA) to his firm's Select List while keeping a Buy rating on the shares with a $220 price target. The 12% pullback in the stock since the company's Q4 results, due to trade war concerns, an Altaba (AABA) selling event, and concern over near-term investment in growth initiatives, has created an opportunity to own shares with a long-term investment horizon, Devitt tells investors in a research note. The stock now trades at 13 times estimated fiscal 2021 EBITDA, and is "even cheaper" on earnings from Alibaba's core marketplace-based businesses, says the analyst. Devitt sees 40% upside from current share levels.

TODAY'S FREE FLY STORIES

TORC

resTORbio

$1.35

-6.58 (-82.98%)

10:51
11/15/19
11/15
10:51
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10:51
Downgrade
resTORbio rating change  »

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VRSN

VeriSign

$186.74

-0.36 (-0.19%)

10:50
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Options
Delta neutral call buyers in VeriSign December »

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UAA

Under Armour

$17.47

0.34 (1.98%)

, UA

Under Armour

$15.76

0.2 (1.29%)

10:47
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10:47
Hot Stocks
Under Armour says 'always in compliance' with GAAP amid scrutiny »

Under Armour said earlier…

UAA

Under Armour

$17.47

0.34 (1.98%)

UA

Under Armour

$15.76

0.2 (1.29%)

03/08/13
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NVDA

Nvidia

$204.28

-5.605 (-2.67%)

10:40
11/15/19
11/15
10:40
11/15/19
10:40
Options
Nvidia options volume 7x normal as shares whip post earnings »

Nvidia options volume 7x…

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  • 20

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BTC

Bitcoin

$0.00

(0.00%)

, BITCOIN

Bitcoin

$0.00

(0.00%)

10:30
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11/15
10:30
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10:30
On The Fly
The Intersection: Crypto and Wall Street This Week »

As bitcoin, ethereum and…

BTC

Bitcoin

$0.00

(0.00%)

BITCOIN

Bitcoin

$0.00

(0.00%)

CS

Credit Suisse

$12.98

0.135 (1.05%)

NVDA

Nvidia

$202.92

-6.96 (-3.32%)

OSTK

Overstock.com

$8.30

0.12 (1.47%)

AMD

AMD

$39.05

0.69 (1.80%)

DPW

DPW Holdings

$1.16

-0.06 (-4.92%)

KODK

Kodak

$2.35

-0.02 (-0.84%)

RIOT

Riot Blockchain

$1.53

-0.05 (-3.16%)

TEUM

Pareteum

$0.39

-0.006 (-1.50%)

SRAX

Social Reality

$1.56

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03/08/13
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  • 20

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    Jan

PPL

PPL Corp.

$33.72

0.1 (0.30%)

10:30
11/15/19
11/15
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10:30
Options
Size call spread in PPL Corp reloads short calls »

Size call spread in PPL…

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NFLX

Netflix

$292.26

2.58 (0.89%)

, HPQ

HP Inc.

$20.13

0.01 (0.05%)

10:29
11/15/19
11/15
10:29
11/15/19
10:29
Recommendations
Netflix, HP Inc., Aramark analyst commentary  »

Gordon Haskett says…

NFLX

Netflix

$292.26

2.58 (0.89%)

HPQ

HP Inc.

$20.13

0.01 (0.05%)

ARMK

Aramark

$43.38

0.08 (0.18%)

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

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  • 19

    Nov

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  • 26

    Nov

  • 09

    Dec

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    Dec

10:25
11/15/19
11/15
10:25
11/15/19
10:25
Conference/Events
Wolfe Research tech strategist to hold analyst/industry webcast »

Tech Strategist…

DTIL

Precision BioSciences

$11.35

-0.45 (-3.81%)

10:25
11/15/19
11/15
10:25
11/15/19
10:25
Conference/Events
Precision BioSciences participates in a conference call with BTIG »

Conference call with…

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  • 15

    Nov

  • 07

    Dec

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

10:20
11/15/19
11/15
10:20
11/15/19
10:20
Options
Put sale in VIX appears to exit two-week position for 64% gain »

Put sale in VIX appears…

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Citigroup
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10:20
11/15/19
11/15
10:20
11/15/19
10:20
General news
The September business inventory report undershot estimates »

The September business…

AMRN

Amarin

$22.68

1.19 (5.54%)

10:19
11/15/19
11/15
10:19
11/15/19
10:19
On The Fly
One analyst thinks Amarin could rise toward $50 after positive FDA panel vote »

Shares of Amarin…

03/08/13
Wedge Partners
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  • 28

    Dec

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

10:17
11/15/19
11/15
10:17
11/15/19
10:17
Technical Analysis
NASDAQ market internals summary »

Volume is above average…

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Citigroup
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PAYS

Paysign

$10.74

-0.53 (-4.70%)

, WAB

Wabtec

$79.36

0.82 (1.04%)

10:16
11/15/19
11/15
10:16
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10:16
Initiation
Fly Intel: Top five analyst initiations »

Catch up on today's…

PAYS

Paysign

$10.74

-0.53 (-4.70%)

WAB

Wabtec

$79.36

0.82 (1.04%)

AWK

American Water

$117.25

-0.65 (-0.55%)

RIGL

Rigel Pharmaceuticals

$2.32

0.035 (1.53%)

LPSN

LivePerson

$37.54

1.12 (3.08%)

03/08/13
Wedge Partners
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03/06/13
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  • 19

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    Dec

MITK

Mitek Systems

$7.35

-0.35 (-4.55%)

, AGCO

Agco

$80.01

-0.11 (-0.14%)

10:16
11/15/19
11/15
10:16
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10:16
Downgrade
Fly Intel: Top five analyst downgrades »

Catch up on today's…

MITK

Mitek Systems

$7.35

-0.35 (-4.55%)

AGCO

Agco

$80.01

-0.11 (-0.14%)

GPOR

Gulfport Energy

$2.84

-0.26 (-8.39%)

CNP

CenterPoint Energy

$25.31

-1.37 (-5.13%)

NVDA

Nvidia

$204.18

-5.7 (-2.72%)

03/08/13
Wedge Partners
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  • 20

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  • 13

    Dec

  • 06

    Jan

$NYE

NYSE Market Internals

$0.00

(0.00%)

10:16
11/15/19
11/15
10:16
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10:16
Technical Analysis
NYSE market internals summary »

Volume is average for…

03/08/13
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QCOM

Qualcomm

$92.55

2.07 (2.29%)

, AMAT

Applied Materials

$61.45

4.56 (8.02%)

10:16
11/15/19
11/15
10:16
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10:16
Upgrade
Fly Intel: Top five analyst upgrades »

Catch up on today's…

QCOM

Qualcomm

$92.55

2.07 (2.29%)

AMAT

Applied Materials

$61.45

4.56 (8.02%)

GRUB

GrubHub

$38.99

0.47 (1.22%)

BCRX

BioCryst

$1.65

0.07 (4.43%)

NVDA

Nvidia

$204.69

-5.19 (-2.47%)

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

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  • 19

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  • 02

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  • 09

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  • 06

    Jan

  • 14

    Nov

AM

Antero Midstream

$5.34

-0.035 (-0.65%)

10:15
11/15/19
11/15
10:15
11/15/19
10:15
Options
Antero Midstream put volume heavy and directionally bearish »

Bearish flow noted in…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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10:10
11/15/19
11/15
10:10
11/15/19
10:10
General news
U.S. business inventories were flat in September, with sales slipping -0.2% »

U.S. business inventories…

FBHS

Fortune Brands

$63.32

0.18 (0.29%)

10:09
11/15/19
11/15
10:09
11/15/19
10:09
Downgrade
Fortune Brands rating change  »

Fortune Brands downgraded…

03/08/13
Wedge Partners
03/08/13
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03/06/13
Citigroup
03/06/13
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AMRN

Amarin

$22.66

1.17 (5.44%)

10:05
11/15/19
11/15
10:05
11/15/19
10:05
Options
Amarin call volume above normal and directionally bullish »

Bullish option flow…

03/08/13
Wedge Partners
03/08/13
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03/06/13
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03/06/13
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  • 28

    Dec

10:05
11/15/19
11/15
10:05
11/15/19
10:05
General news
The industrial production report sharply undershot estimates »

The industrial production…

10:02
11/15/19
11/15
10:02
11/15/19
10:02
General news
Business Inventories data reported »

September Business…

NCNA

NuCana

$5.59

(0.00%)

10:02
11/15/19
11/15
10:02
11/15/19
10:02
Recommendations
NuCana analyst commentary  »

NuCana price target…

03/08/13
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03/08/13
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KZR

Kezar Life Sciences

$2.59

(0.00%)

10:02
11/15/19
11/15
10:02
11/15/19
10:02
Conference/Events
Kezar Life Sciences management to meet with William Blair »

Meeting to be held in…

03/08/13
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03/08/13
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03/06/13
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03/06/13
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  • 18

    Nov

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