American Tower Prepares For Viom Networks Bid

Real estate investment trust American Tower (NYSE:AMT) is preparing a bid for an Indian telecommunications tower company, Viom Networks, that could amount to $1.6 billion to $1.9 billion, according to the Economic Times, an Indian newspaper. Citing unnamed sources, the Times said the bid may come by March 7, and that American Tower is likely to value Viom based on its operating profit and not … Continue reading American Tower Prepares For Viom Networks Bid

Momentum Stocks for February 26th: CPS, JAKK, ARCC

Cooper-Standard Holdings (NASDAQ:CPS), the parent company of automotive systems and components supplier Cooper Standard Automotive, is considering buying TI Automotive, Reuters reported citing unnamed people with knowledge of the matter. Cooper-Standard is evaluating a takeover bid for TI Automotive, which is estimated to have an enterprise value of more than $2 billion, Reuters said. The two companies both have annual sales of about $3 billion. … Continue reading Momentum Stocks for February 26th: CPS, JAKK, ARCC

Workday Inc (NYSE:WDAY) Earnings Reaction History

Workday, Inc. (NYSE:WDAY) is due to issue its quarterly earnings report in the upcoming extended-hours session. Given its history, traders can expect very active trading in the issue immediately following its quarterly earnings announcement. Historical earnings event related premarket and after-hours trading activity in WDAY indicates that the price change in the extended hours is likely to be of limited value in forecasting additional price … Continue reading Workday Inc (NYSE:WDAY) Earnings Reaction History

Morning Watchlist: Apollo Investment, XOMA, Taminco, Hyperion Pharma

Shares in Apollo Investment Corporation (NASDAQ:AINV) dropped more than 5% pre-market after the company said it has priced a public offering of 12.0 million shares. Underwriters have the option to buy an additional 1.8 million shares. The company didn’t give the price of the offer. XOMA Corp (NASDAQ:XOMA) is moving nearly 5% higher after the drug maker announced that gevokizumab, the company’s IL-1 beta modulating … Continue reading Morning Watchlist: Apollo Investment, XOMA, Taminco, Hyperion Pharma

Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

Paragon Shipping (NASDAQ:PRGN) firms after Jefferies & Co. initiates coverage with a buy rating a $12 price target. Jefferies said the outlook for dry bulk shipping is attractive, and Paragon has an attractive valuation. In afternoon trading, PRGN was up 3.05% to $6.67, at a 36% discount to Jefferies’ estimated net asset value (NAV). Shares in US Steel (NYSE:X) fell on Monday by 2.3% after … Continue reading Afternoon Movers – Paragon Shipping (NASDQ:PRGN), U.S. Steel (NYSE:X), Monster Worldwide (NYSE:MWW), Hibbett Sports (NASDAQ:HIBB), Visteon (NYSE:VC)

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Oculus Innovative Sciences (NASDQ:OCLS) Drops 9% Pre-Bell; Celsion (NASDAQ:CLSN) up 6%

Shares in Oculus Innovative Sciences, Inc. (NASDQ:OCLS) fell more than 9% pre-market Monday after the company said it will sell 450,620 units to two institutional investors for $3.00 each.  The units will be made up of common stock, and Series A and Series B warrants. The company will raise about $1.35 million gross from the sale for general corporate purposes. The Series A warrants carry the … Continue reading Oculus Innovative Sciences (NASDQ:OCLS) Drops 9% Pre-Bell; Celsion (NASDAQ:CLSN) up 6%