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Tuesday's Put/Call Ratio Leaders
Tuesday, June 21, 2011 - 11:33am | 71Here are today's Put/Call Ratio leaders… 1. IntraLinks Holdings (NYSE: IL) 10,041 puts, 28 calls 2. Overseas Shipholding Group (NYSE: OSG) 3,156 puts, 203 calls 3. Cardinal Health (NYSE: CAH) 3,558 puts, 286 calls 4. Spectrum Pharmaceuticals (NASDAQ: SPPI) 2,580 puts, 239 calls 5. Dollar Thrifty...
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PharMerica Corporation Comments on Activity in Its Stock
Tuesday, June 21, 2011 - 11:23am | 50In view of the unusual market activity in the stock of PharMerica Corporation (NYSE: PMC), the NYSE has contacted PharMerica in accordance with the NYSE's usual practice; PharMerica states that its policy is not to comment on unusual market activity or rumors.
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Options Brief: Cardinal Health, Inc.
Tuesday, June 21, 2011 - 9:55am | 86Shares of Cardinal Health, Inc. (NYSE: CAH) are higher on the session by 1.05%, trading at $44.92. Overall put volume is now running at 10.89x the daily average, with 0% of all puts traded being purchases on the offer. 3,431 contracts have traded on the session so far. Cardinal Health, Inc. is a...
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Deutsche Bank Retains Buy Rating, $50 PT on Cardinal Health
Tuesday, June 21, 2011 - 7:39am | 104Cardinal Health, Inc. (NASDAQ: CAH) is poised for sustainable O/P, “given attractive NT leverage to the favorable generics landscape, while also possessing a myriad of LT growth drivers including specialty, ambulatory, nuclear and China,” Deutsche Bank reports. “We note a healthy balance sheet...
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Bank of America Merrill Lynch Reports on McKesson
Monday, June 20, 2011 - 8:01am | 124Bank of America Merrill Lynch commented on McKesson (NYSE: MCK) in a report released today. In the report, Bank of America Merrill Lynch was positive in its assessment of the company. Bank of America Merrill Lynch writes, "MCK focused on strong, continuing fundamentals for its Distribution...
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Merger Arbitrage Mondays – June 20, 2011
Monday, June 20, 2011 - 3:08am | 4958Merger activity increased last week with seven new deals announced and six closing. This spike in deals announced follows a temporary lull in the week prior where no new deals were announced. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates...
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Deutsche Bank Updates 6/17
Friday, June 17, 2011 - 8:43am | 1447Deutsche Bank made a number of updates in a research report published today. Deutsche Bank initiated coverage of FXCM (NASDAQ: FXCM) with a Hold rating and a price target of $11. In a research report published today, Deutsche Bank states, "We are initiating coverage on FXCM, a leading provider of...
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PSS World Medical Board of Directors Authorizes Purchase of Five Percent of Common Shares
Friday, June 17, 2011 - 7:01am | 122PSS World Medical, Inc. (Nasdaq: PSSI) announced today that, at its regularly scheduled June meeting, its Board of Directors authorized the purchase of up to five percent of its total common stock. This is in addition to any shares remaining under existing authorizations previously enacted by the...
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American Medical Alert Corp. Announces Medical Advisory Board and Appoints Chairman
Thursday, June 16, 2011 - 1:18pm | 146American Medical Alert Corp. (NASDAQ: AMAC) today announced the inception of a Medical Advisory Board and the appointment of Joseph F. Renzulli, II, MD, FACS, as Chairman of the Medical Advisory Board. The Medical Advisory Board will provide insights to innovate and expand the use of technology...
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Options Brief: Cardinal Health, Inc.
Thursday, June 16, 2011 - 9:29am | 86Shares of Cardinal Health, Inc. (NYSE: CAH) are lower on the session by 0.52%, trading at $43.34. Overall call volume is now running at 5.09x the daily average, with 8% of all calls traded being purchases on the offer. 2,542 contracts have traded on the session so far. Cardinal Health, Inc. is a...
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J.P. Morgan Recaps AmerisourceBergen Conference Call
Thursday, June 16, 2011 - 7:22am | 119J.P. Morgan is recapping AmerisourceBergen Corporation's (NYSE: ABC) recent conference call. “We've discussed with each of the drug wholesalers UnitedHealth's (NYSE: UNH) pilot program designed to change the incentive structure for oncologists from a ‘buy-and-bill' model of drug administration to...
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McKesson Reaffirms Fiscal 2012 Guidance
Thursday, June 16, 2011 - 7:00am | 35McKesson Corporation (NYSE: MCK) today reaffirmed its earnings guidance for the fiscal year ending March 31, 2012 and the underlying key assumptions provided in its press release of May 3, 2011.
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American Medical Alert Corp. Announces Medical Advisory Board and Appoints Chairman
Wednesday, June 15, 2011 - 10:33am | 249American Medical Alert Corp. (NASDAQ: AMAC) today announced the inception of a Medical Advisory Board and the appointment of Joseph F. Renzulli, II, MD, FACS, as the Chairman of the Medical Advisory Board. The AMAC Medical Advisory Board will provide insights that will contribute to AMAC's...
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J.P. Morgan Dives Deep Into AmerisourceBergen Corporation
Wednesday, June 15, 2011 - 6:58am | 132For Day 3 of AmerisourceBergen Corporation (NYSE: ABC) week “we are taking a deeper dive into the AmerisourceBergen Specialty Group (ABSG), the company's specialty pharmaceutical distribution segment. ABSG's dominant position in the specialty market will be a key earnings driver for ABC going...
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Patterson Companies Names New Chief Information Officer
Tuesday, June 14, 2011 - 3:03pm | 68The Board of Directors of Patterson Companies, Inc. (Nasdaq: PDCO) declared a quarterly cash dividend of $0.12 per diluted share on June 13, 2011, payable July 28, 2011 to shareholders of record at the close of business on July 11, 2011. In another development, Ranell Hamm was named Patterson's...