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Wednesday's S&P Sector Recap 6/22/11
Wednesday, June 22, 2011 - 5:44pm | 1502The S&P 500 traded in positive territory for most of session on Wednesday, but sellers came in around 2:25pm, as the index neared its intraday high of 1298.61. The S&P proceeded to drop 11.47 points to close at 1287.14 – down 8.38 on the day. The Sector Breakdown for Wednesday's session...
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Insulet Announces Concurrent Public Offerings of Notes and Common Stock Issued in Previously Announced Neighborhood Diabetes Acquisition
Wednesday, June 22, 2011 - 4:23pm | 112Insulet Corporation (NASDAQ: PODD) today announced its intention to offer, subject to market and other conditions, $110 million principal amount of convertible senior notes due 2016 pursuant to an effective shelf registration statement filed with the Securities and Exchange Commission today....
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Options Brief: Boston Scientific Corporation
Wednesday, June 22, 2011 - 11:16am | 75Shares of Boston Scientific Corporation (NYSE: BSX) are higher on the session by 2.02%, trading at $7.06. Overall put volume is now running at 5.26x the daily average, with 0% of all puts traded being purchases on the offer. 6,012 contracts have traded on the session so far. Boston Scientific...
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U.S. Stocks Rebound From Lower Open
Wednesday, June 22, 2011 - 10:25am | 70Stocks opened lower Wednesday, but turned narrowly mixed ahead of this afternoon's news from the Federal Reserve. The NYSE composite and S&P were fractionally higher. But the Nasdaq fell 0.2%, dragged down by software and chip stocks. Volume was tracking sharply lower across the board....
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Stifel Nicolaus Rating and Price Target Updates 6/22
Wednesday, June 22, 2011 - 9:28am | 214Stifel Nicolaus made a number of rating and price target changes in a research report published today. Boston Scientific Corporation (NYSE: BSX) had its rating upgraded from Hold to Buy. At the same time, its new price target was set at $9. On Tuesday, Boston Scientific closed the day at $6.92....
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Dynatronics Signs Pact With Ohio State Chiropractic Association
Wednesday, June 22, 2011 - 8:13am | 194Dynatronics Corporation (NASDAQ: DYNT) today announced the signing of an agreement with the Ohio State Chiropractic Association to promote Dynatronics' electronic patient communications platform, Stream, to the nearly 800 OSCA member facilities across the state of Ohio. The agreement became...
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Piper Jaffray Neutral On Integra LifeSciences
Wednesday, June 22, 2011 - 8:12am | 180Piper Jaffray has a Neutral rating and a $56 price target on shares of Integra LifeSciences (NASDAQ: IART). In a note to clients, Piper Jaffray writes, "We view Integra's debt restructuring as a positive, reducing the company's cost of capital and improving its access to financing. We also view...
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Stifel Nicolaus Upgrades BSX, FST To Buy
Wednesday, June 22, 2011 - 8:01am | 41Stifel Nicolaus has upgraded the following companies: Boston Scientific (NYSE: BSX) from Hold to Buy, $9 PT Forest Oil (NYSE: FST) from Hold to Buy, $34 PT
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Bank of America Reiterates Neutral on Boston Scientific
Wednesday, June 22, 2011 - 6:58am | 147Bank of America reiterated its Neutral on Boston Scientific (NYSE: BSX) as the company prepares for the coming of a new CEO. In a research report published today, Bank of America states, "We remain on the sidelines with BSX as we continue to assess the implications of Mr. Elliott's pending...
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Mad Money Lightning Round: Cramer Likes MAKO Surgical, John Deere
Wednesday, June 22, 2011 - 12:42am | 308On CNBC's Mad Money, Jim Cramer said during the Lightning Round that MAKO Surgical (NASDAQ: MAKO) is a “company that has strong momentum. They've got the mojo." Cramer doesn't recommend buying Bitauto Holdings (NYSE: BITA). He said, "It's time to cut and run and take your losses. No Chinese...
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NuVasive to Offer $325 Million Convertible Senior Notes Due 2017
Tuesday, June 21, 2011 - 4:17pm | 236NuVasive, Inc. (NASDAQ: NUVA) announced today its intention to offer, subject to market and other conditions, approximately $325 million principal amount of Convertible Senior Notes due 2017 in an underwritten public offering. The notes will be convertible at the option of the holders into cash,...
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Syneron Medical Cuts Range Of Loss Contingency Associated With Palomar Litigation To $0-$21M
Tuesday, June 21, 2011 - 9:03am | 242Syneron Medical Ltd. (NASDAQ: ELOS) announced today that it has adjusted its estimate of the range of loss contingency associated with litigation between Palomar Medical Technologies, Inc. (NASDAQ: PMTI) and Syneron's subsidiary, Candela Corporation, from $0 to $50 million as set forth in the notes...
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Piper Jaffray Discontinuing Coverage On American Med. Systems
Tuesday, June 21, 2011 - 7:29am | 27Piper Jaffray is discontinuing coverage on American Med. Systems (NASDAQ: AMMD) after the company was acquired by Endo Pharmaceuticals.
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Hansen Medical Jumping 6%
Monday, June 20, 2011 - 9:47am | 51Hansen Medical, Inc. (NASDAQ: HNSN) shares are jumping nearly 6% this morning, gaining 17 cents to $3.00, a gain of 6.01% on 15,000 shares in early trade. The stock looks as if it is trying to break out. This is a name traders should watch throughout the day.
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Goldman Stays At Convicion Buy On Sirona Dental Systems
Monday, June 20, 2011 - 7:41am | 143Goldman Sachs is staying at Conviction Buy after meeting with Sirona Dental Systems, Inc. (NASDAQ: SIRO) management. It has a $66 price target on shares. In a note to clients, Goldman writes, "On June 17 we held investor meetings with Sirona where overall the tone was upbeat, especially around...