Benzinga's Recent Market Moving Exclusives
Benzinga's newsroom breaks stories that move stocks. Get access to the "Market Moving Exclusives" channel in Benzinga Pro.
We were the first to break StreetSweeper’s short position on Mitek Systems, Inc. (NASDAQ: 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.
As Concordia Healthcare Corp (NASDAQ: 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.
Benzinga learned an anonymous source was spreading unconfirmed rumors of a Monsanto (NYSE: MON) takeover by Bayer. We broke the news of upcoming volatility and called the parabolic movement that followed.
Anadarko Petroleum Corporation (NYSE: APC)finished 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.
We reported that shares of Relypsa Inc (NASDAQ: 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.
We alerted our users to negative reports of Tesla's (NASDAQ: TSLA) Model S suspensions and to expect share to fall. Within minutes, shares fell from $232 to about $227.
We alerted users to vague takeover rumors in Perrigo (NYSE: 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.
Our news desk alerted our users to a rise in the price per share of Hain Celestial (NASDAQ: HAIN). They linked this to the company cancelling on the Jefferies Conference. Moments later, the stock rose to a day high of $51.16.
Benzinga Pro alerted users to the news that Google was replicating WebMd (NASDAQ: 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.
The Benzinga Newsdesk alerted users to a breaking negative report on SolarEdge Technologies (NASDAQ: SEDG) from StreetSweeper. Moments later, the stock fell to a day low of $19.43 per share.
Benzinga Pro reported that Alarm.com (NASDAQ: ALRM) was in talks to acquire Icontrol in a joint bid with Comcast (NASDAQ: 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.
At 2:31 p.m. ET, the newsdesk received word there were multiple bidders for FireEye (NASDAQ: FEYE). Just a few minutes after the desk released this breaking news to our users, the stock hit a day high of $17.07.
At 10:40 a.m. ET, our newsdesk reported on a rumor of a possible buyer for Harley-Davidson Inc (NASDAQ: HOG). Minutes later the stock rose 15%, eventually reaching a day high of $53.1 per share.
Yesterday Benzinga's Market-Moving Exclusive feed told traders to watch for near term upside in Netsuite (NYSE: N). Benzinga Pro explained unusual trade volume to support this. Today Netsuite is up 12.8% after media outlets started reporting Oracle may be making an acquisition offer for Netsuite.
Our users had a full day to take a position for 12.8% upside. $884 Million of market cap moved on this news.
At 9:43:55am the Benzinga newsdesk reported that Comcast could be a suitable buyer for Level 3 Communications.
Minutes later Level 3 Communications, a $19 billion company, jumped 6% from this news provided by the Benzinga newsdesk.
On July 11th, the Benzinga newsdesk reported seeing near-term upside in NetSuite after unusual options activity. Benzinga noted that the action followed a $14 billion bond sale by Oracle on June 29th and that Larry Ellison owns ~24% of Oracle, and ~43% of Netsuite.
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.
A source familiar with the matter spoke with the newsdesk regarding possible interest in WYNN from Icahn. Shares of WYNN were up ~3% on a rumor that he was going to be taking a stake. The Benzinga newsdesk exclusively reported that "Icahn has no interest in buying a casino.
Immediately following the report, shares sold off on heavy volume.
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