Blackberry(BBRY) rose about 5% on reports that the company plans on either searching for partnership options or potential buyers. This follows the gains it made on Friday after rumors surfaced that the company was warming up to the idea of going up for sale. The once powerful smartphone maker has plummeted in recent quarters after reporting disappointing second quarter sales that dampened comeback hopes for its new BB10 operating system. These gains are the first steady ones since it made its plummet in June.
Tesla Motors(TSLA) dropped over 4% after being downgraded to Neutral by Lazard Capital Markets. It has made fantastic gains over the last few months following a series of earnings beats. Most recently, its second quarter reports sent shares flying 15% as the company reported a surprise profit when most analysts were expecting a loss. Tesla plans on releasing a new all-electric SUV next year, which will help it expand to a larger variety of consumers.
J. C. Penny(JCP) again shed its market value due to concerns about the future of the company. Earlier this year, the stock made some gains on hopes that CEO Ron Johnson, designer of Apple's flagship stores, would be able to lead the company in a turnaround effort. As his efforts didn't yield expected results, billionaire investor Bill Ackman had him ousted and temporarily replaced with former CEO Mike Ullman. He is now leading a search for a new CEO, sending shares into a volatile frenzy. Many board members of the company have deemed his efforts "counterproductive" to the company.
Dole Foods(DOLE) rose 4.9% during trading hours after CEO Murdock offered to take the company private for $1.6 billion. This represents a 12.5% premium over his initial offer of $12 a share. Murdock made his first offer earlier on in the year after the company reported lower-that-expected sales and a slightly weaker outlook. He currently own 40% of the company's shares.
Tesla Motors(TSLA) dropped over 4% after being downgraded to Neutral by Lazard Capital Markets. It has made fantastic gains over the last few months following a series of earnings beats. Most recently, its second quarter reports sent shares flying 15% as the company reported a surprise profit when most analysts were expecting a loss. Tesla plans on releasing a new all-electric SUV next year, which will help it expand to a larger variety of consumers.
J. C. Penny(JCP) again shed its market value due to concerns about the future of the company. Earlier this year, the stock made some gains on hopes that CEO Ron Johnson, designer of Apple's flagship stores, would be able to lead the company in a turnaround effort. As his efforts didn't yield expected results, billionaire investor Bill Ackman had him ousted and temporarily replaced with former CEO Mike Ullman. He is now leading a search for a new CEO, sending shares into a volatile frenzy. Many board members of the company have deemed his efforts "counterproductive" to the company.
Dole Foods(DOLE) rose 4.9% during trading hours after CEO Murdock offered to take the company private for $1.6 billion. This represents a 12.5% premium over his initial offer of $12 a share. Murdock made his first offer earlier on in the year after the company reported lower-that-expected sales and a slightly weaker outlook. He currently own 40% of the company's shares.
Sources:
Yahoo! Finance
Disclaimer: Trading stocks has extremely high risks, and should not be taken to lightly without a thorough understanding. This is written from a purely commentary point of view and is not meant to suggest buying, selling, or holding a stock. All traders must do their own research prior to investing. We (StockQuests) are unaffiliated with all of the companies that are mentioned on this blog, and can't be held responsible for any losses that may occur. Invest at your own risk.
Disclaimer: Trading stocks has extremely high risks, and should not be taken to lightly without a thorough understanding. This is written from a purely commentary point of view and is not meant to suggest buying, selling, or holding a stock. All traders must do their own research prior to investing. We (StockQuests) are unaffiliated with all of the companies that are mentioned on this blog, and can't be held responsible for any losses that may occur. Invest at your own risk.
No comments:
Post a Comment