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Level 3 Signs Agreement Relating to the Conversion of $127.96M of 15% Convertible Senior Notes due 2013
Thursday, July 7, 2011 - 8:01am | 162Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that pursuant to a conversion agreement, Fairfax Financial Holdings Limited and certain of its affiliates and certain other investors have agreed to convert a total of $127,962,000 in aggregate principal amount of Level 3's 15% Convertible...
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Benzinga's Top Pre-Market NASDAQ Gainers
Friday, July 1, 2011 - 7:12am | 114Dendreon Corporation (NASDAQ: DNDN) shares advanced 4.59% to $41.25 in the pre-market session. Medicare agreed to pay for DNDN's prostate cancer therapy Provenge. Logitech International SA (NASDAQ: LOGI) shares advanced 1.96% to $11.46 in the pre-market session. LOGI is scheduled to report its Q1...
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Stocks to Watch for 07/1/11: Fresh 52 Week Highs and Lows
Friday, July 1, 2011 - 3:16am | 2869Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Thursday's trading session: 1) Walter Investment Company (NYSE: WAC): Shares of Walter Investment hit a 52-week...
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Benzinga's Top Pre-Market NASDAQ Losers
Thursday, June 30, 2011 - 7:17am | 102Star Scientific Inc (NASDAQ: CIGX) dipped 4.48% to $4.26 in the pre-market session. CIGX's trailing-twelve-month operating margin is -3,490.86%. Vodafone Group Plc (NASDAQ: VOD) dropped 1.83% to $26.27 in the pre-market trading. VOD's trailing-twelve-month ROA is 2.71%. lululemon athletica inc (...
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Biggest Gainers and Losers in Pre-Market Trading
Thursday, June 30, 2011 - 6:58am | 249Gainers: US Airways (NYSE: LCC) is trading up near 12% after an agreement was announced yesterday with Greek airline Aegean. First Solar (NASDAQ: FSLR) is trading up near 6% after it was guaranteed 3 loans by the Department of Energy. Dendreon (NASDAQ: DNDN) is trading up near 2.50% after...
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Medtech College Selects tw telecom to Connect Ten Campus Locations in Five States and D.C.
Tuesday, June 21, 2011 - 9:04am | 125tw telecom (NASDAQ: TWTC) today announced that healthcare education provider Medtech College has selected the company to provide advanced converged voice, data and Internet services to its 10 campuses located in Georgia, Indiana, Kentucky, Maryland, Virginia and Washington, D.C. This agreement...
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Globalstar Announces $38 Million Capital Raise
Tuesday, June 21, 2011 - 8:02am | 199Globalstar (Nasdaq: GSAT) today announced that it has completed a private placement with select current institutional investors including Thermo Funding Company LLC, to raise initial gross proceeds of $38 million, before deducting fees and other offering expenses. Additionally, investors have the...
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Benzinga's Top Pre-Market NASDAQ Losers
Monday, June 20, 2011 - 7:26am | 126Vitacost.com Inc (NASDAQ: VITC) dipped 61.40% to $2.20 in the pre-market session. Vitacost's common stock will resume trading on June 20 on the NASDAQ Global Market under the symbol “VITC”. Human Genome Sciences Inc (NASDAQ: HGSI) dropped 4.57% to $24 in the pre-market trading. HGSI's trailing-...
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Stocks to Watch: Moving Average Indicators
Monday, June 20, 2011 - 2:31am | 626The “Golden Cross” is a major bullish technical indicator. It occurs when a stock's 50-day simple moving average crosses above its 200-day simple moving average. The “Golden Cross,” like most technical indicators, should never be used alone, but is a significant event to consider when evaluating a...
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MomentumOptionsTrading.com Weekly Wrap for 6/19/11
Sunday, June 19, 2011 - 10:18pm | 5211:15pm (EST) 1. Market Summary 2. iRobot Corporation (IRBT) – The Final Frontier 3. Global Crossing (GLBC) – A Rollercoaster Ride 4. Earnings 5. Weekly Wrap Portfolio Update 6. Week Ahead (To view the charts, please log into the Members Area and go to the Weekly Wrap Premium...
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Citi Reiterates Buy Rating On TW Telecom
Wednesday, June 15, 2011 - 8:09am | 126According to Citi, TW Telecom (NASDAQ: TWTC) Buy rating is reiterated. Citi said that it met with TW Telecom's management team in Denver in addition to some additional private & public Telco providers that serve Business and Wholesale (B&W) customers. “CenturyLink's efforts to expand into...
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Citi Provides Color on TW Telecom and Anadarko Petroleum Corporation
Wednesday, June 15, 2011 - 5:51am | 229Citi provided color on TW Telecom (NASDAQ: TWTC) and Anadarko Petroleum Corporation (NYSE: APC) after meetings with the companies' management. In a research report published today, Citi reiterated its optimism about TW as the rating agency states, "We remain a Buyer of TW Telecom as our top- pick...
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No Guts, No Glory: Highest Beta Stocks In the Market
Wednesday, June 15, 2011 - 3:13am | 607High beta stocks have large price fluctuations, and thus, have big potential for profits. On the other hand, they also have big potential for losses. Traders love stocks with high beta values since it is, in essence, a way to maximize leverage and garner higher returns. Beta is a calculation of a...
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Level 3 Determines Acquisition by Institutional Investor is Exempted Transaction for Purposes of NOL Rights Plan
Monday, June 6, 2011 - 4:00pm | 77Level 3 Communications, Inc. (NASDAQ: LVLT) today announced that its Board of Directors has determined that the acquisition of more than 4.9 percent of the company's shares of common stock by an institutional investor, as reported on a Schedule 13G filed with the SEC on May 23, 2011, is an exempted...
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Thomas C. Stortz Rejoins Level 3 as Chief Administrative Officer
Monday, June 6, 2011 - 3:15pm | 59Level 3 Communications, Inc. (Nasdaq: LVLT) announced today that Thomas C. Stortz has been named executive vice president, chief administrative officer and secretary for the company with a broad range of responsibilities. Stortz, who had served as the company's chief legal officer since 1998,...