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Periodicals
Ascena Retail plans to close 1,200 stores, file for bankruptcy, Bloomberg says » 06:15
07/08/20
07/08
06:15
07/08/20
06:15
ASNA

Ascena Retail

$1.30 /

-0.11 (-7.80%)

, EV

Eaton Vance

$37.27 /

-1.3 (-3.37%)

Ascena Retail (ASNA),…

Ascena Retail (ASNA), owner of clothing brands such as Ann Taylor and Lane Bryant, plans to shut at least 1,200 stores as it prepares to file for bankruptcy, Bloomberg's Eliza Ronalds-Hannon and Katherine Doherty report. Ascena may enter bankruptcy proceedings within the week, with a credit arrangement allowing it to shed $700M from its $1.1B debt load, according to the report. Once the process is finalized, proceeds will go to lenders including Eaton Vance (EV), who will then assume ownership of the company, sources with knowledge of the plan say. Reference Link

ShowHide Related Items >><<
EV Eaton Vance
$37.27 /

-1.3 (-3.37%)

ASNA Ascena Retail
$1.30 /

-0.11 (-7.80%)

ASNA Ascena Retail
$1.30 /

-0.11 (-7.80%)

EV Eaton Vance
$37.27 /

-1.3 (-3.37%)

06/02/20
Fly Intel: Top five analyst upgrades
06/02/20 BofA
Eaton Vance upgraded to Buy from Neutral at BofA
06/02/20 BofA
Eaton Vance upgraded to Buy from Neutral at BofA
01/09/20 BofA
Eaton Vance upgraded on improving flow, fee rate outlook at BofA
EV Eaton Vance
$37.27 /

-1.3 (-3.37%)

ASNA Ascena Retail
$1.30 /

-0.11 (-7.80%)

ASNA Ascena Retail
$1.30 /

-0.11 (-7.80%)

ASNA Ascena Retail
$1.30 /

-0.11 (-7.80%)

Over a week ago
Options
Largest borrow rate increases among liquid names » 08:45
06/12/20
06/12
08:45
06/12/20
08:45
ADAP

Adaptimmune

$9.56 /

-1.32 (-12.13%)

, GNUS

Genius Brands

$3.43 /

-1.145 (-25.05%)

, SAVE

Spirit Airlines

$16.09 /

-3.38 (-17.36%)

, JKS

JinkoSolar

$16.94 /

-1.28 (-7.03%)

, NE

Noble Corp.

$0.30 /

-0.1062 (-25.95%)

, ASNA

Ascena Retail

$1.70 /

-0.32 (-15.84%)

, ALT

Altimmune

$7.10 /

+1.06 (+17.55%)

, GME

GameStop

$4.37 /

-0.69 (-13.64%)

, RIO

Rio Tinto

$55.54 /

-3.05 (-5.21%)

Latest data shows the…

Latest data shows the largest indicative borrow rate increases among liquid option names include: Adaptimmune (ADAP) 65.80% +19.89, Genius Brands (GNUS) 278.50% +7.85, Spirit Airlines (SAVE) 14.33% +4.36, JinkoSolar (JKS) 4.21% +3.76, Noble Corp. (NE) 7.91% +2.34, Direxion Oil & Gas 3x Bear ETF (DRIP) 16.45% +1.89, Ascena Retail (ASNA) 32.19% +1.64, Altimmune (ALT) 61.97% +0.89, GameStop (GME) 33.91% +0.81, and Rio Tinto (RIO) 0.87% +0.60.

ShowHide Related Items >><<
SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

RIO Rio Tinto
$55.54 /

-3.05 (-5.21%)

NE Noble Corp.
$0.30 /

-0.1062 (-25.95%)

JKS JinkoSolar
$16.94 /

-1.28 (-7.03%)

GNUS Genius Brands
$3.43 /

-1.145 (-25.05%)

GME GameStop
$4.37 /

-0.69 (-13.64%)

ASNA Ascena Retail
$1.70 /

-0.32 (-15.84%)

ALT Altimmune
$7.10 /

+1.06 (+17.55%)

ADAP Adaptimmune
$9.56 /

-1.32 (-12.13%)

ADAP Adaptimmune
$9.56 /

-1.32 (-12.13%)

06/01/20 Mizuho
Adaptimmune price target raised to $9 from $3 at Mizuho
05/29/20 JonesTrading
JonesTrading upgrades Adaptimmune to Buy after data alleviates 'key concern'
05/29/20 JonesTrading
Adaptimmune upgraded to Buy from Hold at JonesTrading
05/29/20 Mizuho
Adaptimmune data 'incrementally supportive,' but still early, says Mizuho
GNUS Genius Brands
$3.43 /

-1.145 (-25.05%)

SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform at Credit Suisse on valuation
06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform from Neutral at Credit Suisse
06/12/20 Credit Suisse
Spirit Airlines downgraded to Underperform from Neutral at Credit Suisse
06/10/20 JPMorgan
Spirit Airlines price target raised to $14 from $10 at JPMorgan
JKS JinkoSolar
$16.94 /

-1.28 (-7.03%)

04/08/20 GLJ Research
JinkoSolar price target lowered to $6.88 from $7.97 at GLJ Research
03/25/20 Roth Capital
ITC extension 'NOT' in Phase 3 coronavirus rescue package, says Roth Capital
02/11/20 CICC
JinkoSolar upgraded to Outperform from Neutral at CICC
10/07/19 Goldman Sachs
Goldman says U.S. solar makers should benefit from end of bifacial exemption
NE Noble Corp.
$0.30 /

-0.1062 (-25.95%)

05/13/20 Credit Suisse
Noble Corp. downgraded to Underperform from Neutral at Credit Suisse
04/21/20 RBC Capital
Noble Corp. downgraded to Underperform from Sector Perform at RBC Capital
03/17/20 Capital One
Noble Corp. downgraded to Underweight from Equalweight at Capital One
03/13/20 Wells Fargo
Drillers downgraded at Wells Fargo on recent sell off in commodity prices
ASNA Ascena Retail
$1.70 /

-0.32 (-15.84%)

ALT Altimmune
$7.10 /

+1.06 (+17.55%)

06/01/20 Roth Capital
Altimmune surprises with differentiated T-COVID study, says Roth Capital
05/06/20 Roth Capital
Novo data 'sets up the runway' for Altimmune, says Roth Capital
04/01/20
Roth Capital biotech analyst to hold an analyst/industry conference call
GME GameStop
$4.37 /

-0.69 (-13.64%)

06/11/20 Ascendiant
GameStop price target raised to $4 from $3 at Ascendiant
06/10/20 Baird
GameStop significant challenges remain ahead, says Baird
04/21/20 Baird
GameStop FY20 EPS target cut at Baird
03/27/20 Baird
GameStop trneds to remain weak despite recent increase, says Baird
RIO Rio Tinto
$55.54 /

-3.05 (-5.21%)

06/10/20 Citi
Citi opens positive '30-day catalyst watch' on Rio Tinto
06/08/20 JPMorgan
Rio Tinto price target raised to 5,140 GBp from 4,560 GBp at JPMorgan
06/05/20 Exane BNP Paribas
Rio Tinto downgraded to Neutral from Outperform at Exane BNP Paribas
05/29/20 BofA
Rio Tinto upgraded to Buy from Neutral at BofA
SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

NE Noble Corp.
$0.30 /

-0.1062 (-25.95%)

JKS JinkoSolar
$16.94 /

-1.28 (-7.03%)

GME GameStop
$4.37 /

-0.69 (-13.64%)

ASNA Ascena Retail
$1.70 /

-0.32 (-15.84%)

ALT Altimmune
$7.10 /

+1.06 (+17.55%)

ADAP Adaptimmune
$9.56 /

-1.32 (-12.13%)

SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

RIO Rio Tinto
$55.54 /

-3.05 (-5.21%)

NE Noble Corp.
$0.30 /

-0.1062 (-25.95%)

GNUS Genius Brands
$3.43 /

-1.145 (-25.05%)

GME GameStop
$4.37 /

-0.69 (-13.64%)

ASNA Ascena Retail
$1.70 /

-0.32 (-15.84%)

SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

RIO Rio Tinto
$55.54 /

-3.05 (-5.21%)

NE Noble Corp.
$0.30 /

-0.1062 (-25.95%)

JKS JinkoSolar
$16.94 /

-1.28 (-7.03%)

GME GameStop
$4.37 /

-0.69 (-13.64%)

ALT Altimmune
$7.10 /

+1.06 (+17.55%)

ADAP Adaptimmune
$9.56 /

-1.32 (-12.13%)

SAVE Spirit Airlines
$16.09 /

-3.38 (-17.36%)

RIO Rio Tinto
$55.54 /

-3.05 (-5.21%)

GNUS Genius Brands
$3.43 /

-1.145 (-25.05%)

GME GameStop
$4.37 /

-0.69 (-13.64%)

ALT Altimmune
$7.10 /

+1.06 (+17.55%)

ADAP Adaptimmune
$9.56 /

-1.32 (-12.13%)

Over a month ago
Periodicals
Ascena Retail said to consider bankruptcy filing, Bloomberg reports  18:58
06/05/20
06/05
18:58
06/05/20
18:58
ASNA

Ascena Retail

$2.76 /

+0.84 (+43.75%)

 
ShowHide Related Items >><<
ASNA Ascena Retail
$2.76 /

+0.84 (+43.75%)

ASNA Ascena Retail
$2.76 /

+0.84 (+43.75%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
ASNA Ascena Retail
$2.76 /

+0.84 (+43.75%)

ASNA Ascena Retail
$2.76 /

+0.84 (+43.75%)

Periodicals
Ascena Retail reported to explore 'balance sheet alternatives,' Retail Dive says » 11:19
06/04/20
06/04
11:19
06/04/20
11:19
ASNA

Ascena Retail

$1.72 /

+0.18 (+11.69%)

A Debtwire report that…

A Debtwire report that cites unnamed sources claims that Ascena Retail Group has brought on new advisers to "explore balance sheet alternatives," according to Retail Dive's Ben Unglesbee. Law firm Kirkland & Ellis and Guggenheim Securities are said by Debtwire to be working with Ascena, according to Unglesbee's account of the report. Reference Link

ShowHide Related Items >><<
ASNA Ascena Retail
$1.72 /

+0.18 (+11.69%)

ASNA Ascena Retail
$1.72 /

+0.18 (+11.69%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
ASNA Ascena Retail
$1.72 /

+0.18 (+11.69%)

Hot Stocks
ascena will continue to evaluate all options to preserve ongoing operations » 16:17
05/28/20
05/28
16:17
05/28/20
16:17
ASNA

Ascena Retail

$1.95 /

-0.39 (-16.67%)

The company ended Q3 with…

The company ended Q3 with cash and cash equivalents of approximately $439M. The company ended Q3 with outstanding term-loan debt of $1.29B, with interest payments due in Q4 of FY20 of $20.9M and its next quarterly term-loan payment of $22.5M due in November 2020. The company also ended Q3 with $230M of borrowings outstanding under its amended and restated revolving credit agreement, which was utilized to maintain maximum financial flexibility. Borrowings under the company's amended and restated revolving credit agreement have no required repayments until the maturity date, which is currently expected to be in May 2022. Due to the company's increased level of debt and deferred liabilities resulting from the COVID-19 pandemic, despite the aggressive steps it has taken, the company will continue to evaluate all available options to preserve its ongoing operations.

ShowHide Related Items >><<
ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

Hot Stocks
ascena provides update, says Q3 total revenues down 45% » 16:15
05/28/20
05/28
16:15
05/28/20
16:15
ASNA

Ascena Retail

$1.95 /

-0.39 (-16.67%)

ascena retail group…

ascena retail group provided a brief update related to its most recently completed quarter that ended on May 2. The company closed all of its stores on March 18. Prior to the closing, store revenue in FY20 represented approximately 60% of total revenues. The company was able to continue its e-commerce business, which experienced a 9% increase in demand during April 2020, compared to April 2019. Total revenues in Q3 were down 45% compared to Q3 of the prior year. In early May, the company began to re-open a select number of stores in states that have lifted business restrictions on non-essential businesses. In markets where shelter-in-place orders have been lifted, and where the company has fully opened stores, the company is experiencing significantly reduced customer traffic relative to the same period last year. Inventory at the end of the quarter was down approximately 20% compared the same period in the prior year. This reflects a significant increase in inventory reserves, reflecting the uncertainty of consumer sentiment once stores fully re-open. Gross inventory, before reserves, was up 5% compared to the same period in the prior year.

ShowHide Related Items >><<
ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
ASNA Ascena Retail
$1.95 /

-0.39 (-16.67%)

Hot Stocks
Ascena Retail adopts tax benefits preservation plan » 16:21
05/26/20
05/26
16:21
05/26/20
16:21
ASNA

Ascena Retail

$1.36 /

+0.13 (+10.57%)

ascena retail grou…

ascena retail grou announced that its Board of Directors adopted a tax benefits preservation plan. Under the tax benefits preservation plan, the Company will issue a dividend of one right for each share of its common stock held by stockholders of record as of the close of business on June 5, 2020. The plan is designed to protect stockholder value by mitigating the likelihood of an "ownership change" that would result in significant limitations on the Company's ability to use its net operating losses or other tax attributes to offset future income. The plan is similar to plans adopted by other public companies with significant net operating loss carryforwards. The tax benefits preservation plan provides, subject to certain exceptions, that if any person or group acquires 4.9% or more of the Company's outstanding common stock, there would be a triggering event potentially resulting in significant dilution in the voting power and economic ownership of that person or group. Existing stockholders who hold 4.9% or more of the Company's outstanding common stock as of the date of the plan will trigger a dilutive event only if they acquire an additional 1% of the outstanding shares of the Company's common stock.

ShowHide Related Items >><<
ASNA Ascena Retail
$1.36 /

+0.13 (+10.57%)

ASNA Ascena Retail
$1.36 /

+0.13 (+10.57%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
ASNA Ascena Retail
$1.36 /

+0.13 (+10.57%)

Over a quarter ago
Hot Stocks
Ascena Retail implements furlough program across business » 16:19
03/30/20
03/30
16:19
03/30/20
16:19
ASNA

Ascena Retail

$1.43 /

-0.205 (-12.58%)

ascena retail group,…

ascena retail group, announced additional measures being taken to mitigate the financial impact of COVID-19. Gary Muto, Chief Executive Officer of ascena commented, "We have been continuously monitoring the impact of COVID-19 and are putting our associates, customers and community at the center of everything that we do. In light of the current environment, we have extended the temporary store closures and will continue to reassess as information becomes available. We are taking immediate steps to reduce costs and preserve cash so that we are able to resume operations when we emerge from this crisis." Due to the uncertain environment, the Company made the extremely difficult decision to ncluding all store associates and close to half of its corporate associates. During this time, furloughed associates who are participating in any of the Company's medical benefit plans will keep those benefits. Mr. Muto continued, "Impacting our associates is one of the most difficult decisions we have ever had to make as an organization. I want to thank our team members for their unwavering commitment to our customers and brands." In addition to the furlough program, the Company announced temporary reductions in the base salaries of all corporate associates above a certain salary beginning this week. The base salaries of Carrie W. Teffner, Interim Executive Chair and Gary Muto, Chief Executive Officer, will each be reduced by 50%. Reductions for other executives and corporate associates above a certain salary will range from 10% to 45% depending on base pay.

ShowHide Related Items >><<
ASNA Ascena Retail
$1.43 /

-0.205 (-12.58%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
04/03/19 Citi
Ascena Retail upgraded to Neutral with unchanged $1 target at Citi
04/03/19 Citi
Ascena Retail upgraded to Neutral from Sell at Citi
Hot Stocks
Fly Intel: After Hours Movers » 19:03
03/17/20
03/17
19:03
03/17/20
19:03
FDX

FedEx

$95.10 /

+4.55 (+5.02%)

, CNK

Cinemark

$6.97 /

-3.135 (-31.02%)

, MDB

MongoDB

$114.29 /

+15.28 (+15.43%)

, CRON

Cronos Group

$5.96 /

+0.565 (+10.48%)

, ASNA

Ascena Retail

$1.86 /

+0.03 (+1.64%)

, VECO

Veeco

$9.19 /

+1.48 (+19.20%)

, LYFT

Lyft

$18.64 /

-0.2 (-1.06%)

, TGT

Target

$103.53 /

+9.77 (+10.42%)

UP AFTER EARNINGS: FedEx…

UP AFTER EARNINGS: FedEx (FDX) up 1.1%. ALSO HIGHER: Cinemark (CNK) up 3.6% after announcing closure of all U.S. theaters. DOWN AFTER EARNINGS: MongoDB (MDB) down 9.2%. ALSO LOWER: Cronos (CRON) down 14.3% after announcing plans to restate certain 2019 financial statements... Ascena (ASNA) down 10.1% after pulling Q3 guidance, closing all retail stores... Veeco (VECO) down 2.7% after cutting Q1 guidance... Lyft (LYFT) down 1.7% after pausing shared rides across all markets... Target (TGT) down 1.1% after reducing hours nationwide. Movers as of 18:30ET.

ShowHide Related Items >><<
FDX FedEx
$95.10 /

+4.55 (+5.02%)

03/16/20 Wells Fargo
FedEx price target lowered to $150 from $183 at Wells Fargo
03/11/20 Cowen
FedEx price target lowered to $160 from $185 at Cowen
03/04/20 Credit Suisse
FedEx price target lowered to $159 from $170 at Credit Suisse
03/03/20 Morgan Stanley
Morgan Stanley expects FedEx to miss Q3 expectations amid 'cloud' of coronavirus
CNK Cinemark
$6.97 /

-3.135 (-31.02%)

03/17/20
Fly Intel: Top five analyst downgrades
03/17/20 JPMorgan
JPMorgan downgrades Cinemark to Neutral on theater closings
03/17/20 JPMorgan
Cinemark downgraded to Neutral from Overweight at JPMorgan
03/10/20 JPMorgan
Cinemark price target lowered to $32 from $39 at JPMorgan
MDB MongoDB
$114.29 /

+15.28 (+15.43%)

01/10/20 Barclays
Barclays double upgrades Cornerstone to Overweight from Underweight
01/08/20 Piper Sandler
MongoDB, Anaplan among Piper's 'multi-billion potential' ideas for this decade
01/06/20 Argus
MongoDB initiated with a Hold at Argus
12/10/19 DA Davidson
MongoDB price target lowered to $143 from $165 at DA Davidson
CRON Cronos Group
$5.96 /

+0.565 (+10.48%)

03/04/20
Fly Intel: Top five analyst upgrades
03/04/20 MKM Partners
Cronos Group upgraded to Buy from Neutral at MKM Partners
03/04/20 MKM Partners
Cronos Group upgraded to Buy from Neutral at MKM Partners
03/03/20
Fly Intel: Top five analyst downgrades
ASNA Ascena Retail
$1.86 /

+0.03 (+1.64%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
04/03/19 Citi
Ascena Retail upgraded to Neutral with unchanged $1 target at Citi
04/03/19 Citi
Ascena Retail upgraded to Neutral from Sell at Citi
VECO Veeco
$9.19 /

+1.48 (+19.20%)

03/03/20 Stifel
Veeco upgraded to Buy from Hold at Stifel
05/16/19 Benchmark
II-VI, Lumentum may be hurt by Huawei news, says Benchmark
05/07/19 Benchmark
Veeco upgraded to Buy on expectations for improved margins at Benchmark
05/07/19 Benchmark
Veeco upgraded to Buy from Hold at Benchmark
LYFT Lyft
$18.64 /

-0.2 (-1.06%)

03/13/20 UBS
Impacted COVID-19 cities not seeing significant Lyft volume declines, says UBS
03/12/20 JPMorgan
Lyft management tone not related to selloff yesterday, says JPMorgan
03/06/20
Fly Intel: Top five analyst initiations
03/06/20 Piper Sandler
Lyft may benefit from COVID-19 driven recession, says at Piper Sandler
TGT Target
$103.53 /

+9.77 (+10.42%)

03/17/20 KeyBanc
KeyBanc favors Walmart/Target/Amazon in midst of 'difficult retail conditions'
03/04/20 Wells Fargo
Target price target lowered to $130 from $140 at Wells Fargo
03/04/20 BMO Capital
Target price target lowered to $115 from $134 at BMO Capital
03/04/20 Goldman Sachs
Target upgraded to Conviction Buy from Buy at Goldman Sachs
Earnings
Ascena Retail withdraws Q3 guidance » 16:50
03/17/20
03/17
16:50
03/17/20
16:50
ASNA

Ascena Retail

$1.86 /

+0.03 (+1.64%)

Given the uncertain…

Given the uncertain impact of COVID-19, Ascena is withdrawing its third quarter guidance issued in its second quarter earnings release filed on Form 8-K on March 9, 2020. The company is not providing updated guidance at this time.

ShowHide Related Items >><<
ASNA Ascena Retail
$1.86 /

+0.03 (+1.64%)

06/11/19 B. Riley FBR
Ascena Retail price target lowered to $1 from $2 at B. Riley FBR
04/03/19 Citi
Ascena Retail upgraded to Neutral with unchanged $1 target at Citi
04/03/19 Citi
Ascena Retail upgraded to Neutral from Sell at Citi

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