-
Upside Purchased on Flextronics International (FLEX)
Tuesday, July 13, 2010 - 1:21pm | 153Shares of Flextronics International ltd (NASDAQ: FLEX) are higher on the session by 5.20%, currently trading at $6.47. The stock has been trading largely lower over the past three months, though it has been catching a bid this week and is now trading right on the 50-day moving average. Options...
-
Benzinga’s Volume Movers (ADCT, VVUS, EZCH, ACTG)
Tuesday, July 13, 2010 - 1:06pm | 174ADC Telecommunications, Inc (NASDAQ: ADCT) shares gained 3.09% to $65.73 at 11:29 am. The volume of ADCT shares traded was 4851% higher than normal. Tyco Electronics (NYSE: TEL) is acquiring ADCT for $12.75 per share. Vivus, Inc (NASDAQ: VVUS) shares jumped 2.34% to $46.80. The volume of VVUS...
-
Mid-Day Market Movers (ADCT, WGA, STXS, THLD)
Tuesday, July 13, 2010 - 11:49am | 146ADC Telecommunications Inc (NASDAQ: ADCT) surged 41.58% to $12.53 at 10:58 am. Tyco Electronics (NYSE: TEL) has agreed to purchase ADCT for $1.25 billion in order to expand its wireless connectivity offerings. Wells-Gardner Electronics Corp (AMEX: WGA) shares jumped 27.03% to $2.35. WGA's trailing-...
-
Tyco Electronics to Acquire ADC
Tuesday, July 13, 2010 - 9:18am | 94Tyco Electronics (NYSE: TEL) and ADC (Nasdaq: ADCT) announced today a definitive agreement under which Tyco Electronics will acquire ADC for $12.75 per share in cash, or an enterprise value of approximately $1.25 billion. The transaction is expected to be accretive by approximately $0.14 per share...
-
Mad Money Lightning Round OT (FLEX, JBL, AB, DNDN)
Monday, July 12, 2010 - 8:03pm | 204On CNBC's Mad Money, Jim Cramer said that he is a buyer of Flextronics International Ltd. (NASDAQ: FLEX). He added that he prefers Jabil Circuit, Inc. (NYSE: JBL), but FLEX is also good. Flextronics (FLEX) gained 1.32% today, and closed at $6.15, while Jabil (JBL) jumped 0.79%. AllianceBernstein...
-
Top Narrow Based Indexes for July 7 (HTZ, SOLF, NLST)
Wednesday, July 7, 2010 - 2:25pm | 222By 1:29 pm, the Dow Jones Industrial Average was up 169.46 points, or 1.74%, to 9,913.08, while the broader Standard & Poor's 500 index had gained 19.31 points, or 1.88%. The NASDAQ composite index had also jumped 37.50 points, or 1.79%. Some of the narrow based indexes driving the markets are...
-
Afternoon Market Update
Wednesday, July 7, 2010 - 12:54pm | 229Shares of EMC Corp (NYSE: EMC) gained about 3% after the analysts at Oppenheimer upgraded the company from “perform” to “outperform.” The upgrade in the rating was due to healthy demand for data storage systems. Analyst Ittai Kidron of Oppenheimer mentioned, "Backed by our positive checks in the U....
-
Mid-Day Market Movers (NLST, CVBK, BMJ, ARTW)
Wednesday, July 7, 2010 - 11:16am | 175Netlist Inc (NASDAQ: NLST) shares surged 19.57% to $2.75 by 10:42 am. NLST has received the OEM qualification from Dell Inc (NASDAQ: DELL) for its non-volatile cache subsystems, NetVault NV. The NetVault NV subsystems have been qualified by DELL to support RAID storage applications on PowerEdge...
-
Puts Sold on Echelon Corp. (ELON)
Tuesday, July 6, 2010 - 11:28am | 122Shares of Echeon Corp. (NASDAQ: ELON) are higher on the session by 5.42%, currently trading at $7.59. The stock has been trading largely lower over the past six months and is currently in a technical downtrend. Options traders are selling puts on the name today. The August $7.50 put was sold 1,700...
-
Calls Purchased on Flextronics (FLEX)
Tuesday, June 29, 2010 - 5:03pm | 138Shares of Flextronics International LTD (NASDAQ: FLEX) ended the session lower by 10.53%, trading at $5.52. The stock came under selling pressure when Ticonderoga Securities downgraded the name to Neutral from Buy. Options traders are betting that the sell off is overdone. Though action was...
-
Benzinga’s Top Upgrades (WDR, JBL, LEN, DIS)
Tuesday, June 29, 2010 - 8:43am | 152Waddell & Reed Financial Inc (NYSE: WDR) was upgraded by Keefe Bruyette from “market perform” to “outperform.” WDR’s shares closed at $23.79 yesterday. Waddell & Reed Financial’s quarterly earnings jumped 130.10%. Thomas Weisel upgraded Jabil Circuit Inc (NYSE: JBL) from “market weight” to...
-
Top Performing Industries For June 23 (JBL, RUK, KMX, PM)
Wednesday, June 23, 2010 - 12:39pm | 223At 11:41 am, the Dow lost 28.79 points, or 0.28%, to 10,264.73, the broader Standard & Poor's 500 index moved down 5.90, or 0.54%, to 1,089.41 and the NASDAQ composite index fell 13.33, or 0.59%, to 2,248.47. The industries that are driving the market today are: Printed Circuit Boards: The top...
-
Citi Raises Jabil Circuit Target Price (JBL)
Wednesday, June 23, 2010 - 12:33pm | 90Citing increased sales and a positive EPS surprise, Citigroup Capital markets raised its price target for Jabil Circuit (NYSE: JBL) to $22 from $19. Citi also reiterated its Buy rating on the stock. Citi noted "the potential for more margin accretion should demand remain firm, positive cycle timing...
-
Calls Sold on Jabil Circuit (JBL)
Wednesday, June 23, 2010 - 11:11am | 135Shares of Jabil Circuit Inc. (NYSE: JBL) are higher on the session by 9.12%, currently trading at $14.83. The stock is rallying strongly today on the heels of better than expected Q3 results, as well as some upgrades. Options traders are taking advantage of the increased premiums and are selling...
-
Benzinga's After Hours Gainers (JBL, KMX, SONC)
Tuesday, June 22, 2010 - 5:51pm | 224U.S. equity markets were hit hard today, as the Dow Jones Industrial Average fell nearly 149 points to close at 10,293.52. Among the stocks that are gaining ground in the after hours this evening are Sonic Corp (NASDAQ: SONC), Jabil Circuit (NYSE: JBL), and CarMax (NYSE: KMX). Shares of Sonic (...