An upstart airline just snubbed the owner of British Airways.
Norwegian Air Shuttle said Friday that it has rejected two takeover offers from British Airways parent IAG (BABWF) because they undervalued the airline and its prospects.
IAG, which also owns Iberia and Aer Lingus, confirmed that it had approached Norwegian. But the industry giant said that talks had “ended without an agreement” and it was “currently considering its options.”
Norwegian stock fell as much as 11%. Shares in IAG, which reported earnings on Friday, surged 4.5%.
One of Europe’s newest airlines, Norwegian has made a splash with ultra-cheap transatlantic flights from its bases in London, Paris and Barcelona.
The upstart, which now flies around 500 routes to more than 150 destinations, carried 33 million passengers in 2017, compared to 105 million for IAG’s carriers.
IAG said in April that it had amassed a 4.6% stake in the budget airline, signaling its interest in a potential acquisition. But investors who had been hoping for a positive update on Friday were left disappointed.
Hot Undervalued Stocks To Invest In Right Now: STAAR Surgical Company(STAA)
Advisors’ Opinion:
- [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) shares jumped 155.56 percent to close at $5.75 on Thursday.
Inspire Medical Systems, Inc. (NYSE: INSP) shares gained 56.12 percent to close at $24.98. Inspire Medical went public Thursday on the New York Stock Exchange. The company issued 6.75 million shares priced at $16 each.
Presbia PLC (NASDAQ: LENS) shares rose 53.02 percent to close at $3.55.
Integrated Media Technology Limited (NASDAQ: IMTE) shares rose 46.29 percent to close at $32.11. The nano-cap low-float stock skyrocketed over 1,300 percent on Wednesday on no company specific news which would support the surge. The move higher is consistent with what was seen in other low-float stocks over the past few months.
Technical Communications Corporation (NASDAQ: TCCO) climbed 27.78 percent to close at $5.75.
STAAR Surgical Company (NASDAQ: STAA) shares gained 26.27 percent to close at $21.15 after reporting upbeat Q1 results.
Sharing Economy International Inc. (NASDAQ: SEII) shares jumped 22.16 percent to close at $4.30 on Thursday after gaining 9.32 percent on Wednesday.
China Advanced Construction Materials Group, Inc. (NASDAQ: CADC) rose 20.45 percent to close at $2.65 on Thursday.
YRC Worldwide Inc. (NASDAQ: YRCW) surged 18.36 percent to close at $9.99 following upbeat quarterly earnings.
MYR Group Inc. (NASDAQ: MYRG) jumped 17.68 percent to close at $35.74 after the company posted strong Q1 earnings.
Xspand Products Lab Inc (NASDAQ: XSPL) jumped 17.4 percent to close at $5.87. Xspand Products priced its IPO at $5 per share.
Coherus BioSciences, Inc. (NASDAQ: CHRS) shares rose 17.32 percent to close at $14.90. Coherus BioSciences reported resubmission of BLA for CHS-1701.
Rudolph Technologies, Inc. (NASDAQ: RTEC) shares gained 17.17 percent to close at $31.05 following upbeat quarterly earnings.
The Meet Group, Inc. (NASDAQ: MEET) gained 16.02 percent to close at $2.68 following Q1 earnings.
Ca - [By Lisa Levin] Gainers
Euro Tech Holdings Company Limited (NASDAQ: CLWT) surged 73.3 percent to $3.90.
Integrated Media Technology Limited (NASDAQ: IMTE) shares gained 51 percent to $33.1365. The nano-cap low-float stock skyrocketed over 1,300 percent on Wednesday on no company specific news which would support the surge. The move higher is consistent with what was seen in other low-float stocks over the past few months.
Monaker Group, Inc. (NASDAQ: MKGI) shares jumped 34 percent to $3.00.
Sharing Economy International Inc. (NASDAQ: SEII) shares rose 28.2 percent to $4.51 after gaining 9.32 percent on Wednesday.
STAAR Surgical Company (NASDAQ: STAA) shares jumped 27.8 percent to $21.40 after reporting upbeat Q1 results.
Boxlight Corporation (NASDAQ: BOXL) rose 20.5 percent to $8.920 after climbing 107.87 percent on Wednesday.
Xspand Products Lab Inc (NASDAQ: XSPL) gained 19.5 percent to $ 5.97. Xspand Products priced its IPO at $5 per share.
YRC Worldwide Inc. (NASDAQ: YRCW) rose 18.9 percent to $10.035 following upbeat quarterly earnings.
ENDRA Life Sciences Inc. (NASDAQ: NDRA) gained 18.3 percent to $3.0177. ENDRA Life Sciences is expected to report Q1 results on May 15.
MYR Group Inc. (NASDAQ: MYRG) rose 18.1 percent to $35.85 after the company posted strong Q1 earnings.
Rudolph Technologies, Inc. (NASDAQ: RTEC) shares jumped 16 percent to $30.75 following upbeat quarterly earnings.
TTM Technologies, Inc. (NASDAQ: TTMI) gained 13.7 percent to $16.53 after reporting Q1 results.
Insight Enterprises, Inc. (NASDAQ: NSIT) shares surged 12 percent to $40.06 following better-than-expected Q1 earnings.
TreeHouse Foods, Inc. (NYSE: THS) rose 11.8 percent to $40.93 following Q1 results.
Engility Holdings, Inc. (NYSE: EGL) surged 11.2 percent to $27.36. Engility reported upbeat quarterly earnings.
Synalloy Corporation (NASDAQ: SYNL) rose 10.7 percent to $19.10 following Q1 results.
Logitech International S.A. (NASDAQ: LOGI) - [By Keith Speights]
Shares of STAAR Surgical Company (NASDAQ:STAA) were up 21.5% as of 11:25 a.m. EDT on Thursday. The big jump occurred after the maker of implantable lenses announced its second-quarter earnings results on Wednesday evening.
- [By Joseph Griffin]
STAAR Surgical (NASDAQ:STAA) was upgraded by equities researchers at TheStreet from a “c” rating to a “b-” rating in a research report issued on Monday.
- [By Lisa Levin]
STAAR Surgical Company (NASDAQ: STAA) shares shot up 26 percent to $21.03 after reporting upbeat Q1 results.
Shares of Integrated Media Technology Limited (NASDAQ: IMTE) got a boost, shooting up 56 percent to $34.2425. The nano-cap low-float stock skyrocketed over 1,300 percent on Wednesday on no company specific news which would support the surge. The move higher is consistent with what was seen in other low-float stocks over the past few months.
- [By Joseph Griffin]
STAAR Surgical (NASDAQ:STAA) hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $28.55 and last traded at $28.42, with a volume of 6590 shares changing hands. The stock had previously closed at $27.80.
Hot Undervalued Stocks To Invest In Right Now: EnSync, Inc.(ESNC)
Advisors’ Opinion:
- [By Stephan Byrd]
Here are some of the media stories that may have impacted Accern Sentiment’s analysis:
Get Molecular Templates alerts:
Trading Center: Watching the Levels for Molecular Templates, Inc. (:MTEM): Move of 0.02 Since the Open (stocknewscaller.com) Molecular Templates (MTEM) Announces Clinical Data at 2018 ASCO Meeting (streetinsider.com) Gallbladder Cancer Treatment Sales Market Size by Players, Regions, Type, Application and Forecast to 2025 (exclusivereportage.com) ATR in spotlight EnSync, Inc. (NYSE:ESNC), CDTi Advanced Materials, Inc. (NASDAQ:CDTI), Molecular Templates, Inc … (stocksnewspoint.com)
MTEM has been the subject of several research analyst reports. ValuEngine lowered shares of Molecular Templates from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of Molecular Templates from a “sell” rating to a “hold” rating in a research report on Thursday, June 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $5.20.
- [By Logan Wallace]
Get a free copy of the Zacks research report on EnSync (ESNC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
EnSync Inc (NYSEAMERICAN:ESNC) was the recipient of a large growth in short interest in the month of September. As of September 14th, there was short interest totalling 2,862,471 shares, a growth of 19.1% from the August 31st total of 2,402,751 shares. Currently, 8.5% of the shares of the company are sold short. Based on an average trading volume of 789,142 shares, the days-to-cover ratio is currently 3.6 days.
Hot Undervalued Stocks To Invest In Right Now: Materialise NV(MTLS)
Advisors’ Opinion:
- [By Logan Wallace]
TheStreet upgraded shares of Materialise (NASDAQ:MTLS) from a c+ rating to a b- rating in a research report report published on Thursday.
Several other brokerages have also commented on MTLS. BidaskClub upgraded shares of Materialise from a sell rating to a hold rating in a report on Tuesday, August 28th. ValuEngine upgraded shares of Materialise from a hold rating to a buy rating in a report on Friday, August 24th. Finally, Zacks Investment Research lowered shares of Materialise from a hold rating to a strong sell rating in a report on Thursday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $19.00.
- [By Stephan Byrd]
Materialise (NASDAQ:MTLS) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
Royal Caribbean Cruises (NYSE:RCL) was upgraded by analysts at ValuEngine from a sell rating to a hold rating.
- [By Logan Wallace]
Get a free copy of the Zacks research report on Materialise (MTLS)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Materialise (NASDAQ:MTLS) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
Navigator (NYSE:NVGS) was upgraded by analysts at ValuEngine from a hold rating to a buy rating.
Hot Undervalued Stocks To Invest In Right Now: Utilities Select Sector SPDR ETF (XLU)
Advisors’ Opinion:
- [By Steve Symington]
Financial stocks paved the way higher, with the Financial Select Sector SPDR Fund (NYSEMKT:XLF) rising 1.8%. Utilities companies lost ground; the Utilities SPDR ETF (NYSEMKT:XLU) fell 2.4%.
- [By Jim Crumly]
Rate-sensitive stocks in the utility and real estate sectors led the market. The Utilities Select SPDR ETF (NYSEMKT:XLU) gained 0.9% and the Vanguard REIT ETF (NYSEMKT:VNQ) added 1%.
- [By ]
High-yield and traditionally-safe sectors like Utilities, represented by the Utilities Select Sector SPDR (NYSE: XLU), and Consumer Staples, represented by the Consumer Staples Select Sector SPDR (NYSE: XLP), show this relationship with yields.
- [By Jim Crumly]
Utility stocks were the weakest sector, with the Utilities Select SPDR ETF (NYSEMKT:XLU) falling 1.4%. Semiconductor stocks also helped pull the market down after some analyst downgrades; the iShares PHLX Semiconductor ETF (NASDAQ:SOXX) dropped 1.6%.
- [By Jim Crumly]
Technology shares were hit hard today, with the Technology Select Sector SPDR ETF (NYSEMKT:XLK) sinking 2.1%. Utilities moved higher, though; the Utilities Select SPDR ETF (NYSEMKT:XLU) rose 1.7%.
Hot Undervalued Stocks To Invest In Right Now: ECA Marcellus Trust I(ECT)
Advisors’ Opinion:
- [By Ethan Ryder]
SuperEdge (CURRENCY:ECT) traded 19.2% lower against the US dollar during the 24-hour period ending at 19:00 PM E.T. on September 1st. SuperEdge has a market capitalization of $0.00 and approximately $947.00 worth of SuperEdge was traded on exchanges in the last day. Over the last seven days, SuperEdge has traded up 2.2% against the US dollar. One SuperEdge token can now be purchased for approximately $0.0002 or 0.00000002 BTC on popular exchanges.
- [By Joseph Griffin]
Media coverage about Eca Marcellus Trust I (NYSE:ECT) has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Eca Marcellus Trust I earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the oil and gas company an impact score of 47.7651927822973 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
- [By Max Byerly]
SuperEdge (CURRENCY:ECT) traded 17.2% higher against the dollar during the 24-hour period ending at 14:00 PM ET on September 22nd. One SuperEdge token can now be purchased for about $0.0001 or 0.00000001 BTC on cryptocurrency exchanges. In the last seven days, SuperEdge has traded 52.1% lower against the dollar. SuperEdge has a total market capitalization of $0.00 and approximately $623.00 worth of SuperEdge was traded on exchanges in the last day.