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Zogenix to Sell 4.3 Mln Shares in Public Offering

Zogenix to Sell 4.3 Mln Shares in Public Offering

Zogenix (ZGNX shares 3% lower in the pre-market session after the pharmaceutical company said Monday that it intends to offer and sell 4.3 million shares of its common stock in an underwritten public offering. The company said it expects to grant to the underwriters a 30-day option to purchase up to an additional 645,000 shares of common stock. All of […]

October 3, 2017 ×
JPMorgan’s Morning Recap

JPMorgan’s Morning Recap

JPMorgan’s morning recap said equity markets are subdued, with the main focus is on the September economic data — manufacturing PMIs were very strong in Asia, especially China, while the Eurozone number was about in line. The Street is modeling 53 and 58 for the US Markit Manufacturing PMI at 9:45 am ET and 58 for the US manufacturing ISM […]

October 3, 2017 ×
Toshiba Seals $18 Bn Deal to Sell Memory-Chip Business to Bain Capital-Led Consortium

Toshiba Seals $18 Bn Deal to Sell Memory-Chip Business to Bain Capital-Led Consortium

Japan’s Toshiba (6502.T) has signed an agreement to sell its chip-making division, Toshiba Memory Corporation, to a consortium led by Bain Capital in a transaction worth 2 trillion Japanese yen ($17.73 billion), after a drawn-out bidding process. The transaction value includes a 350 billion yen reinvestment in the company from Toshiba, 212 billion yen from Bain Capital as well as […]

October 2, 2017 ×
OPTIONS Chinese Internet Names Option Implied Volatility into China Communist Party Congress

OPTIONS Chinese Internet Names Option Implied Volatility into China Communist Party Congress

Chinese Internet names option implied volatility into China Communist Party Congress Baidu.com (BIDU) 30-day option implied volatility is at 33; compared to its 52-week range of 18 to 44 Ctrip.com (CTRP) 30-day option implied volatility is at 53; compared to its 52-week range of 22 to 43 New Oriental Education (EDU) 30-day option implied volatility is at 39; compared to […]

October 2, 2017 ×
Nikkei 225 Up 0.47% On Stronger U.S. Dollar

Nikkei 225 Up 0.47% On Stronger U.S. Dollar

The Nikkei 225 Thursday moved forward 0.47%, as traders mulled overnight Wall Street gains and a stronger U.S. dollar, the latter regarded as a positive in export-oriented Japan. In other news, international hedge funds are taking futures positions in Japanese stocks, betting on a Prime Minister Shinzo Abe win in Japan’s pending snap election, now slated for late October. Non-Japanese […]

October 2, 2017 ×