June 2:
We were the first to break StreetSweeper’s short position on Mitek Systems, Inc. MITK. In the hour that followed, shares dropped from $9.04 to $7.35. In an exclusive interview with Russell Clark, CFO of Mitek, he said the 20 percent price drop was exaggerated, and expressed skepticism toward StreetSweeper’s analysis.
June 2:
As Concordia Healthcare Corp CXRX shares were trading at a nine-month high on rumors, Benzinga broke information that identified the source of the rumors as unreliable and shares dropped 24 percent in a matter of minutes.
June 3:
Benzinga learned an anonymous source was spreading unconfirmed rumors of a Monsanto MON takeover by Bayer. We broke the news of upcoming volatility and called the parabolic movement that followed.
June 8:
Anadarko Petroleum Corporation APCfinished the day trading up nearly 4 percent, peaking at 56. Our analysts were the first to alert chatter of a possible bid for Anadarko by Chevron for $76 per share.
June 9:
We reported that shares of Relypsa Inc RLYP were still up based on false rumors; minutes later, the stock began trading down from $19.97 and continued between $19.35 and $18.76 the rest of the day.
June 9:
We alerted our users to negative reports of Tesla's TSLA Model S suspensions and to expect share to fall. Within minutes, shares fell from $232 to about $227.
June 14:
We alerted users to vague takeover rumors in Perrigo PRGO towards the closing bell. Before markets opened the next morning, we confirmed that the rumor was invalid and shares fell about $10 in a matter of minutes.
June 16:
Our news desk alerted our users to a rise in the price per share of Hain Celestial HAIN. They linked this to the company cancelling on the Jefferies Conference. Moments later, the stock rose to a day high of $51.16.
June 20:
Benzinga Pro alerted users to the news that Google was replicating WebMd WBMD's service with an intelligent search feature. This resulted in a sharp selloff in WedMD shares on fears a new competitor is entering the health information space.
June 23:
The Benzinga Newsdesk alerted users to a breaking negative report on SolarEdge Technologies SEDG from StreetSweeper. Moments later, the stock fell to a day low of $19.43 per share.
June 20-23:
Benzinga Pro reported that Alarm.com ALRM was in talks to acquire Icontrol in a joint bid with Comcast CMCSA. Three days later, the BZ News Desk report was confirmed as Alarm.com and Comcast acquired IControl, resulting in a 10 percent rise in Alarm shares.
June 30:
At 2:31 p.m. ET, the newsdesk received word there were multiple bidders for FireEye FEYE. Just a few minutes after the desk released this breaking news to our users, the stock hit a day high of $17.07.
Our users had a full day to take a position for 12.8% upside. $884 Million of market cap moved on this news.
Minutes later Level 3 Communications, a $19 billion company, jumped 6% from this news provided by the Benzinga newsdesk.
On July 12th, rumors surfaced that Oracle was going to buy NetSuite.
16 days later, the stock is up 42.62% since Benzinga's initial report after Oracle acquired NetSuite for $109/share.
Immediately following the report, shares sold off on heavy volume.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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