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QUOT

Quotient Technology

$7.49 /

-0.035 (-0.47%)

09:23
11/17/21
11/17
09:23
11/17/21
09:23

Engaged Capital sends letter to board of Quotient Technology

Engaged Capital, an investment firm specializing in enhancing the value of small and mid-cap North American equities and the owner of 6.5% of the outstanding shares of Quotient Technology, sent a letter to the Company's Board of Directors. "Dear Board Members... While we have a significant ownership position because we believe QUOT is a very valuable asset, we have become increasingly concerned with the Company's consistently poor performance, both in regards to the Company's share price and operations... In addition to the Company's operational struggles, we are alarmed by the Board of Directors' blatant disregard for good governance and dereliction of fiduciary duties to stockholders. Rather than taking decisive action to remedy the weak operating and share price underperformance, the Board has selfishly focused on employing strategies to further entrench itself... The magnitude of relative value destruction is evidence that QUOT is suffering from a company-specific problem, not an industry- or market-wide issue... Contributing to the Company's drastic underperformance, we believe, is the fact that QUOT suffers from abysmal corporate governance practices that minimize accountability and serve to entrench the existing Board and management team, including the following: Classified Board. The Board is classified into three separate classes, meaning the Company's directors are only subject to re-election by stockholders once every three years. In our view, the ability of stockholders to select directors each year is an important check on the performance of the Board... Manipulation of Director Classes. While having a classified Board is bad enough, the Board manipulated the classes on which directors serve to further limit stockholders' say on the composition of the Board... 4.9% NOL Pill. The NOL Pill entered into on November 11, 2021 effectively prohibits stockholders from acquiring 4.9% or more of the Company's outstanding shares.... Combined Chairman/CEO... No Action by Written Consent or Ability to Call Special Meetings... Supermajority Vote to Amend Bylaws and Restrictive Charter Provisions... The supermajority vote requirement significantly reduces stockholders' ability to remediate these poor corporate governance practices. Plurality Voting Standard in Uncontested Elections. The use of a plurality voting standard in uncontested elections reduces director accountability and entrenches the Board because it guarantees the election of the candidates nominated by the Board. We find these governance provisions and tactics to be self-serving and an improper use of the Company's corporate machinery to insulate the Board.

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Options
FaZe Holdings Inc call volume above normal and directionally bullish » 10:45
10/05/22
10/05
10:45
10/05/22
10:45
FAZE

FaZe Holdings

$6.70 /

+1.72 (+34.54%)

Bullish option flow…

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FAZE FaZe Holdings
$6.70 /

+1.72 (+34.54%)

FAZE FaZe Holdings
$6.70 /

+1.72 (+34.54%)

FAZE FaZe Holdings
$6.70 /

+1.72 (+34.54%)

Hot Stocks
FingerMotion Inc trading resumes  10:43
10/05/22
10/05
10:43
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10:43
FNGR

FingerMotion

$6.94 /

+0.11 (+1.61%)

 
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$6.94 /

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Hot Stocks
GSR II Meteora files preliminary proxy statement with SEC for Bitcoin Depot deal » 10:41
10/05/22
10/05
10:41
10/05/22
10:41
GSRM

GSR II Meteora Acquisition

$9.92 /

+ (+0.00%)

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Bitcoin Depot

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Marathon Digital downgraded to Neutral at B. Riley amid sharp decline in Bitcoin
$BTC Bitcoin
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07/26/22 Jefferies
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07/06/22 Atlantic Equities
Atlantic downgrades Coinbase to Neutral, lowers price target 'materially'
06/28/22 Compass Point
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06/23/22 B. Riley
Marathon Digital downgraded to Neutral at B. Riley amid sharp decline in Bitcoin
BITCOIN Bitcoin
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07/06/22 Atlantic Equities
Atlantic downgrades Coinbase to Neutral, lowers price target 'materially'
06/28/22 Compass Point
Compass Point upgrades Riot Blockchain to Buy while halving price target
06/23/22 B. Riley
Marathon Digital downgraded to Neutral at B. Riley amid sharp decline in Bitcoin
06/13/22 Morgan Stanley
Ethereum weakening faster than bitcoin, says Morgan Stanley
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GSRM GSR II Meteora Acquisition
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Hot Stocks
FingerMotion Inc trading halted, volatility trading pause  10:38
10/05/22
10/05
10:38
10/05/22
10:38
FNGR

FingerMotion

$5.95 /

-0.88 (-12.88%)

 
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General news
U.S. mortgage rates soared through September » 10:35
10/05/22
10/05
10:35
10/05/22
10:35
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Economic Data

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Options
Snowflake Inc put volume heavy and directionally bearish » 10:35
10/05/22
10/05
10:35
10/05/22
10:35
SNOW

Snowflake

$178.40 /

-5.59 (-3.04%)

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SNOW Snowflake
$178.40 /

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09/22/22 MoffettNathanson
Snowflake initiated with a Buy at MoffettNathanson
09/16/22 Needham
Snowflake initiated with a Buy at Needham
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Snowflake price target raised to $210 from $180 at Loop Capital
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Snowflake price target raised to $180 from $120 at Stifel
SNOW Snowflake
$178.40 /

-5.59 (-3.04%)

SNOW Snowflake
$178.40 /

-5.59 (-3.04%)

SNOW Snowflake
$178.40 /

-5.59 (-3.04%)

SNOW Snowflake
$178.40 /

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General news
Fed's Daly reiterated the Committee is "resolute" » 10:35
10/05/22
10/05
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General news
Week of 9/30 distillate inventories down 3.4M barrels  10:33
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General news
Week of 9/30 gasoline inventories down 4.7M barrels  10:33
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General news
Week of 9/30 crude oil inventories down 1.4M barrels  10:33
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Hot Stocks
Facebook to offer new ways to customize Facebook Feed » 10:32
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META

Meta Platforms

$135.97 /

-4.28 (-3.05%)

Facebook has announced…

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META Meta Platforms
$135.97 /

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META Meta Platforms
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Meta Platforms price target lowered to $196 from $218 at BofA
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Alphabet price target lowered to $114 from $125 at BofA
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META Meta Platforms
$135.97 /

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META Meta Platforms
$135.97 /

-4.28 (-3.05%)

META Meta Platforms
$135.97 /

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META Meta Platforms
$135.97 /

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General news
Crude inventories for week of September 30 » 10:30
10/05/22
10/05
10:30
10/05/22
10:30
USO

United States Oil Fund

$70.66 /

+0.36 (+0.51%)

Crude inventories 1.36M…

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USO United States Oil Fund
$70.66 /

+0.36 (+0.51%)

USO United States Oil Fund
$70.66 /

+0.36 (+0.51%)

USO United States Oil Fund
$70.66 /

+0.36 (+0.51%)

General news
The U.S. ISM-NMI services index » 10:25
10/05/22
10/05
10:25
10/05/22
10:25
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Options
Bank of America call volume above normal and directionally bullish » 10:25
10/05/22
10/05
10:25
10/05/22
10:25
BAC

Bank of America

$31.61 /

-0.78 (-2.41%)

Bullish option flow…

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BAC Bank of America
$31.61 /

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BAC Bank of America
$31.61 /

-0.78 (-2.41%)

07:55 Today Morgan Stanley
Bank of America price target lowered to $36 from $40 at Morgan Stanley
09/12/22 Deutsche Bank
Bank of America price target lowered to $45 from $51 at Deutsche Bank
07/19/22 RBC Capital
Bank of America price target lowered to $40 from $45 at RBC Capital
07/19/22 Barclays
Bank of America price target lowered to $51 from $58 at Barclays
BAC Bank of America
$31.61 /

-0.78 (-2.41%)

BAC Bank of America
$31.61 /

-0.78 (-2.41%)

BAC Bank of America
$31.61 /

-0.78 (-2.41%)

BAC Bank of America
$31.61 /

-0.78 (-2.41%)

General news
European Fixed Income Summary: » 10:25
10/05/22
10/05
10:25
10/05/22
10:25
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Economic Data

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European Fixed Income…

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Periodicals
Twitter, Musk have not reached deal to end litigation, Reuters reports » 10:21
10/05/22
10/05
10:21
10/05/22
10:21
TWTR

Twitter

$51.07 /

-0.93 (-1.79%)

, TSLA

Tesla

$238.14 /

-11.35 (-4.55%)

Tesla (TSLA) CEO Elon…

Tesla (TSLA) CEO Elon Musk and Twitter (TWTR.N) have not yet reached an agreement to end their litigation and clear the way for Musk to buy the social media company for $44B, two sources familiar with the litigation told Reuters. "Keep an eye on the docket," said one source. Twitter's legal team and lawyers for Musk updated the judge who is overseeing the litigation on Tuesday to try to overcome mutual distrust and find a process for closing the deal, Tom Hals of Reuters reports. Musk is scheduled to be deposed on Thursday in Texas, and "that's the pressure point," a source told the news agency. Shares of Twitter are down 2% to $50.76 in morning trading. Reference Link

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TWTR Twitter
$51.07 /

-0.93 (-1.79%)

TSLA Tesla
$238.14 /

-11.35 (-4.55%)

TWTR Twitter
$51.07 /

-0.93 (-1.79%)

09:56 Today Gordon Haskett
Musk has more Tesla to sell for Twitter deal, says Gordon Haskett
08:54 Today Vertical Group
Twitter downgraded to Neutral from Buy at Vertical Group
06:12 Today Citi
Citi ups Twitter target to $54.20, says takeover likely to close
08/24/22 Gordon Haskett
Twitter whistleblower has no 'smoking gun,' says Gordon Haskett
TSLA Tesla
$238.14 /

-11.35 (-4.55%)

09:56 Today Gordon Haskett
Musk has more Tesla to sell for Twitter deal, says Gordon Haskett
10/04/22 Morgan Stanley
Morgan Stanley expects Tesla shares to give back recent relative strength
10/03/22 JPMorgan
Tesla price target raised to $153 from $137 at JPMorgan
10/03/22 Oppenheimer
Tesla should be bought on any weakness following Q3 deliveries, says Oppenheimer
TWTR Twitter
$51.07 /

-0.93 (-1.79%)

TSLA Tesla
$238.14 /

-11.35 (-4.55%)

TWTR Twitter
$51.07 /

-0.93 (-1.79%)

TSLA Tesla
$238.14 /

-11.35 (-4.55%)

TWTR Twitter
$51.07 /

-0.93 (-1.79%)

TSLA Tesla
$238.14 /

-11.35 (-4.55%)

TWTR Twitter
$51.07 /

-0.93 (-1.79%)

TSLA Tesla
$238.14 /

-11.35 (-4.55%)

Technical Analysis
NASDAQ market internals summary » 10:17
10/05/22
10/05
10:17
10/05/22
10:17
$NSD

NASDAQ Market Internals

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Periodicals
Musk, Twitter have yet to reach deal to end litigation, Reuters reports  10:16
10/05/22
10/05
10:16
10/05/22
10:16
TWTR

Twitter

$50.88 /

-1.12 (-2.15%)

, TSLA

Tesla

$240.05 /

-9.44 (-3.78%)

 
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TWTR Twitter
$50.88 /

-1.12 (-2.15%)

TSLA Tesla
$240.05 /

-9.44 (-3.78%)

TWTR Twitter
$50.88 /

-1.12 (-2.15%)

09:56 Today Gordon Haskett
Musk has more Tesla to sell for Twitter deal, says Gordon Haskett
08:54 Today Vertical Group
Twitter downgraded to Neutral from Buy at Vertical Group
06:12 Today Citi
Citi ups Twitter target to $54.20, says takeover likely to close
08/24/22 Gordon Haskett
Twitter whistleblower has no 'smoking gun,' says Gordon Haskett
TSLA Tesla
$240.05 /

-9.44 (-3.78%)

09:56 Today Gordon Haskett
Musk has more Tesla to sell for Twitter deal, says Gordon Haskett
10/04/22 Morgan Stanley
Morgan Stanley expects Tesla shares to give back recent relative strength
10/03/22 JPMorgan
Tesla price target raised to $153 from $137 at JPMorgan
10/03/22 Oppenheimer
Tesla should be bought on any weakness following Q3 deliveries, says Oppenheimer
TWTR Twitter
$50.88 /

-1.12 (-2.15%)

TSLA Tesla
$240.05 /

-9.44 (-3.78%)

TWTR Twitter
$50.88 /

-1.12 (-2.15%)

TSLA Tesla
$240.05 /

-9.44 (-3.78%)

TWTR Twitter
$50.88 /

-1.12 (-2.15%)

TSLA Tesla
$240.05 /

-9.44 (-3.78%)

TWTR Twitter
$50.88 /

-1.12 (-2.15%)

TSLA Tesla
$240.05 /

-9.44 (-3.78%)

Technical Analysis
NYSE market internals summary » 10:16
10/05/22
10/05
10:16
10/05/22
10:16
$NYE

NYSE Market Internals

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Options
Goldman Sachs put volume heavy and directionally bearish » 10:15
10/05/22
10/05
10:15
10/05/22
10:15
GS

Goldman Sachs

$306.89 /

-8.12 (-2.58%)

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GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

07:52 Today Morgan Stanley
Goldman Sachs price target lowered to $341 from $354 at Morgan Stanley
06:25 Today Atlantic Equities
Atlantic Equities downgrades Goldman to sell on declining banking activity
04:52 Today Atlantic Equities
Goldman Sachs downgraded to Underweight from Neutral at Atlantic Equities
09/12/22 Deutsche Bank
Goldman Sachs price target lowered to $370 from $430 at Deutsche Bank
GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

GS Goldman Sachs
$306.89 /

-8.12 (-2.58%)

General news
The U.S. ISM services index slipped -0.2 ticks to a still healthy 56.7 in September » 10:15
10/05/22
10/05
10:15
10/05/22
10:15
$ECON

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General news
September ISM services index 56.7, consensus 56.0  10:09
10/05/22
10/05
10:09
10/05/22
10:09
$ECON

Economic Data

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Upgrade
Toray Industries upgraded to Conviction Buy from Buy at Goldman Sachs » 10:08
10/05/22
10/05
10:08
10/05/22
10:08
TRYIY

Toray Industries

$10.25 /

+0.39 (+3.96%)

Goldman Sachs analyst…

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TRYIY Toray Industries
$10.25 /

+0.39 (+3.96%)

08/26/22 Macquarie
Toray Industries upgraded to Outperform from Neutral at Macquarie
06/16/22 Goldman Sachs
Toray Industries upgraded to Buy from Neutral at Goldman Sachs
05/25/22 Nomura
Toray Industries upgraded to Buy from Neutral at Nomura
Hot Stocks
Tyson Foods to shift multiple corporate offices to world headquarters » 10:07
10/05/22
10/05
10:07
10/05/22
10:07
TSN

Tyson Foods

$66.90 /

-0.56 (-0.83%)

Tyson Foods announced…

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TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

09/13/22 Argus
Tyson Foods cut to Hold at Argus on inflation and strong USD headwinds
09/13/22 Argus
Tyson Foods downgraded to Hold from Buy at Argus
08/09/22 Stephens
Tyson Foods price target lowered to $95 from $100 at Stephens
08/09/22 BMO Capital
Tyson Foods price target lowered to $90 from $99 at BMO Capital
TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

TSN Tyson Foods
$66.90 /

-0.56 (-0.83%)

Hot Stocks
FINRA fines Barclays Capital $2M for best execution violations » 10:05
10/05/22
10/05
10:05
10/05/22
10:05
BCS

Barclays

$6.76 /

-0.21 (-3.02%)

The Financial Industry…

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BCS Barclays
$6.76 /

-0.21 (-3.02%)

BCS Barclays
$6.76 /

-0.21 (-3.02%)

09/06/22 JPMorgan
Barclays price target raised to 200 GBp from 190 GBp at JPMorgan
08/05/22 Morgan Stanley
Barclays price target raised to 210 GBp from 200 GBp at Morgan Stanley
08/01/22 JPMorgan
Barclays price target raised to 190 GBp from 180 GBp at JPMorgan
07/29/22 Credit Suisse
Barclays price target lowered to 240 GBp from 245 GBp at Credit Suisse
BCS Barclays
$6.76 /

-0.21 (-3.02%)

BCS Barclays
$6.76 /

-0.21 (-3.02%)

BCS Barclays
$6.76 /

-0.21 (-3.02%)

BCS Barclays
$6.76 /

-0.21 (-3.02%)

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