It looked really bad.
Last year, Goldman Sachs (NYSE:GS) upgraded shares of Tesla (NASDAQ:TSLA) to a buy rating, mere hours before the electric-car maker announced its 2016 secondary offering in May. Goldman was one of the lead book runners in the deal, and exercised all of its underwriter options to max out the secondary offering.
The timing looked awfully suspicious on Goldman’s part. Goldman’s upgrade pushed shares higher, benefiting the offering’s pricing and translating into Goldman collecting more; the underwriting discount was $1.78 per share and all underwriters in that deal collectively earned about $19 million thanks to the full exercise of underwriter options, according to the prospectus.
At the time, Goldman told MarketWatch, “Our research is independent. We followed all of our standard policies and procedures with respect to our research publication on Wednesday.” The timing of the two announcements was ultimately probably a coincidence, but the optics could not have been worse.
Top Gold Stocks For 2018: FORM Holdings (FH)
- [By Matthew Briar]
Looking for a quick, money-making trading idea? Put FORM Holdings Corp. (NASDAQ:FH) on your watchlist, if not yet in your portfolio. FH shares are knocking on the door of a breakout move, and one more nudge could do the trick.
There are a couple of factors in play here. One of the is the converging wedge pattern that’s developed after the October-December finally stabilized. The upper boundary of that wedge at $2.40 has been tested several times since late last year, but FORM Holdings could never get past the hurdle. At the same time, several key moving average lines seem to be acting as support — even if unevenly — keeping FH positioned well for a breakout effort.
Top Gold Stocks For 2018: Cancer Genetics, Inc.(CGIX)
- [By Lisa Levin] Related HTGM 20 Biggest Mid-Day Losers For Thursday 25 Stocks Moving In Thursday's Pre-Market Session HTG Molecular Diagnostics Obtains CE Mark for its HTG EdgeSeq ALKPlus Assay EU (GuruFocus)
Related SSH 15 Biggest Mid-Day Gainers For Wednesday 12 Biggest Mid-Day Losers For Tuesday Healthcare – Top 5 Gainers / Losers as of 11:00 am (Seeking Alpha) Gainers
HTG Molecular Diagnostics Inc (NASDAQ: HTGM) rose 63.6 percent to $3.50 in pre-market trading after the company disclosed that it has obtained CE marking in the EU for HTG EdgeSeq ALKPlus Assay.
Sunshine Heart Inc (NASDAQ: SSH) rose 20.3 percent to $2.61 in pre-market trading after the company issued a business update regarding execution of its strategic growth plan.
bebe stores, inc. (NASDAQ: BEBE) shares rose 11.1 percent to $4.29 in pre-market trading after the company disclosed that it is exploring strategic alternatives.
Cancer Genetics Inc (NASDAQ: CGIX) rose 10.3 percent to $3.20 in pre-market trading after the company posted a narrower-than-expected quarterly loss.
Five Below Inc (NASDAQ: FIVE) rose 8.8 percent to $41.50 in pre-market trading after the company reported better-than-expected earnings for its fourth quarter.
FireEye Inc (NASDAQ: FEYE) rose 8 percent to $12.40 in pre-market trading. Goldman Sachs upgraded FireEye from Sell to Buy.
PVH Corp (NYSE: PVH) shares rose 7.4 percent to $97.60 in pre-market trading after the company posted upbeat earnings for its fourth quarter and issued a strong earnings forecast.
Bitauto Hldg Ltd (ADR) (NASDAQ: BITA) shares rose 7 percent to $26.00 in pre-market trading after dropping 1.30 percent on Wednesday.
Pingtan Marine Enterprise Ltd (NASDAQ: PME) rose 6.6 percent to $4.50 in pre-market trading after gaining 0.48 pe
- [By Lisa Levin]
Shares of Cancer Genetics Inc (NASDAQ: CGIX) got a boost, shooting up 17 percent to $3.39 after the company posted a narrower-than-expected quarterly loss.
Top Gold Stocks For 2018: Catabasis Pharmaceuticals, Inc.(CATB)
- [By Lisa Levin]
Shares of Catabasis Pharmaceuticals Inc (NASDAQ: CATB) got a boost, shooting up 46 percent to $6.52. Catabasis Pharmaceuticals and Sarepta Therapeutics Inc (NASDAQ: SRPT) reported a joint research collaboration in Duchenne Muscular Dystrophy.
Top Gold Stocks For 2018: Embraer-Empresa Brasileira de Aeronautica(ERJ)
- [By Lisa Levin]
In trading on Friday, industrials shares fell by 0.12 percent. Meanwhile, top losers in the sector included Stericycle Inc (NASDAQ: SRCL), down 17 percent, and Embraer SA (ADR) (NYSE: ERJ), down 13 percent.
Top Gold Stocks For 2018: Alon USA Partners, LP(ALDW)
- [By Tom Dorsey]
Over a several day period, I submitted questions and Mr. Eisman, President, Chief Executive Officer and Director of Alon USA Energy Inc. (ALJ) and the parent company of Alon USA Partners LP Inc. (ALDW) responded. He provided some key insights to some challenges the company faces, where the company is going, and the opportunities available in the future. This insight should provide investors with additional information to understand the value of the company and the opportunity as an investor in the company.
Top Gold Stocks For 2018: Take-Two Interactive Software, Inc.(TTWO)
- [By John Ballard]
But now we are starting to see game publishers step up with that commitment. Two important new leagues to watch are Activision Blizzard’s (NASDAQ:ATVI) Overwatch League and Take-Two Interactive Software’s (NASDAQ:TTWO)NBA 2K eLeague. Activision Blizzard will soon start selling teams for Overwatch League to prospective owners this year, and the NBA and Take-Two just announced the formation of its own professional e-sports league based on the best-selling NBA 2K franchise.
- [By John Ballard]
Investors interested in the video game industry should find both Electronic Arts (NASDAQ:EA) and Take-Two Interactive Software(NASDAQ:TTWO) appealing. Both are expanding margins as digital revenue opportunities from in-game content and mobile gaming continue to propel the industry forward.
- [By ]
Take-Two Interactive Software (Nasdaq: TTWO) is one of the world’s largest video game publishers on consoles (Xbox and PlayStation), PCs, smartphones and tablets. The firm’s two most popular products are Grand Theft Auto and NBA 2K, but it also has other popular games such as Civilization, Borderlands and Bioshock.
- [By Lee Jackson]
Take-Two Interactive Software Inc. (NASDAQ: TTWO) saw the CFO at the video gaming company shedding shares this past week. Lainie Goldstein sold 56,167 shares at prices that ranged from $49.27 to $50.01. The total for the sale was posted at $3 million. The stocktraded on Friday at $47.90, so a well-timed sale indeed.