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DryShips Inc. DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips is having a very bad day in the market today, only falling further after yesterday’s declines. While the stock was trading in the green at the open, that didn’t last very long. As soon as the trading session started, the stock started to dive, quickly making it to the red and beyond. Below, we’ll talk about what we’re seeing from DRYS, why, and what we’ll be watching for ahead.





What We’re Seeing From DRYS

As mentioned above, DryShips isn’t having the best of days in the market today. In fact, the stock is seeing some big losses. In the pre-market, things looked like they might go well. In fact, the stock opened the day slightly in the green, thanks to strong pre-market activity. Nonetheless, at the open, it took a dive, and it has been falling ever since. At the moment (11:08), DRYS is trading at $2.75 per share after a loss of $0.53 per share (16.16%) thus far today.

Why The Stock Is Falling

As is almost always the case, our partners at Trade Ideas brought the alert to us first about the downward movement on DRYS. As soon as we received the alert, the CNA Finance team started working to see why the stock was falling so hard. The truth is that there has been no fundamental news released that would suggest such strong declines. Nonetheless, we believe we know the reason for the fall.




A short while ago, DryShips announced a $200 million fund raise. While most experts covering the story saw it as incredibly dillutive and not likely to be in the best interest of investors, excitement surrounding the raise sent the stock higher. However, that excitement has died off, and now investors are back to concerns.

At the end of the day, DRYS isn’t in the best position at the moment. Not only is the company likely to hit some major financial headwinds soon, there are also allegations of potential fraud on behalf of the CEO that have been surfacing for weeks. With no new positive news, investors are forced to move based on what they know about the company; unfortunately, that’s not good news for the stock price.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DRYS. In particular, we’re watching for an update from the company in an attempt to stop the bleeding. We’ll keep a close eye on the news and continue to bring it to you as it breaks!

Update (11:43): DRYS continues on the steady downtrend. Currently, the stock is trading at $2.68 per share after a loss of $0.60 per share (18.45%) thus far today. Considering the rate of the fall, it wouldn’t be unrealistic for the stock to close down between 20% and 25% today. Further declines are likely to come as the bears take charge and the bulls abandon ship!

UPDATE Feb 23, 11:07 – Things don’t seem to be getting any better as DRYS continues the plunge. At the moment, the stock is trading at $2.26 per share after a loss of $0.44 per share or 16.30% thus far today. Considering the momentum, chances are that there is still room to fall!

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Americann Inc ACAN Stock News

Americann Inc (OTCMKTS: ACAN)

Shares of AmeriCann. Inc. (ACAN) ripped higher by over 30% on Tuesday on news that the company will be included in the markets first proposed cannabis exchange-traded fund, the Emerging AgroSphere ETF.





ACAN closed just two cents off of its 52-week high at a price of $5.42 per share. Volume of ACAN was almost twice its daily average, and the price spike into the close drove the market cap of ACAN past the $100 million mark, settling in at $103.69 million on the day.

In addition to the potential inclusion into the proposed ETF, ACAN also announced that it has been added to the LD Micro Index as of February 1, 2016. The LD Micro Index is designed to give an accurate representation of the intraday activity of microcap stocks in North America.

ACAN And LD Micro Index

Inclusion into the LD Micro Index may bring liquidity to the shares, as the index identifies and includes only about 1000 stocks in the U.S. and Canada that have a market cap of between $50 million and $300 million, and must trade an average daily volume of at least $50,000 over the preceding three months.

Commenting on the inclusion into the LD Micro Index, David Scher, a spokesman for the index , said, “We have been monitoring AmeriCann for some time now and are truly pleased to see them included in the index. This is a company that has performed incredibly well from a business perspective, as well as an investment perspective.”




ACAN And Emerging AgroSphere ETF

ACAN is also expected to enjoy inclusion into the Emerging AgroSphere ETF, with the ETF Managers Group filing an initial registration statement for what could be the first cannabis ETF created for investors in the U.S. markets. The fund is intending to focus on companies in the medical cannabis industry, and will exclude any and all cannabis related companies that are serving non-medical marijuana markets in the U.S., Canada, or any other country until such time that non-medical use of marijuana becomes legal for recreational and discretionary use.

ACAN’s Plan

As CNA Finance covered in February, ACAN is a company focused toward the development and lease back of cultivation based facilities. The company is developing its state-of-the-art, one million square foot cultivation facility on 53 acres of property located in Massachusetts. The Massachusetts Medical Cannabis Center is expected to be the most technologically advanced cultivation center in the country, targeting the increased demand needs for medical grade cannabis in the United States.

Recognized as one of the fasted growing industries in the country by Cowen & Co. , who project the market to eclipse $50 billion in ten years, ACAN is taking advantage of the lack of industry infrastructure by developing cultivation facilities that can address the rising public demand. The Massachusetts center will be the first of several planned cultivation centers within the ACAN growth strategy.

As always, stay focused to CNA Finance for additional breaking news for AmeriCann.

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Popeyes Louisiana Kitchen Inc PLKI Stock News

Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI)

Poppeyes Louisiana Kitchen is having an incredibly strong day in the market today. At the opening bell, the stock was already trading on overwhelmingly impressive gains. Since then, there has been no movement in either direction, but the gains are here to stay. Below, we’ll talk about what we’re seeing from PLKI, why, and what we’ll be watching for ahead.





What We’re Seeing From PLKI

As mentioned above, Popeyes Louisiana Kitchen is having a great day in the market today. At the opening bell, the stock was already trading cleanly in the green. Since the market open, we haven’t seen much by way of upward or downward movement as investors seem content with the current price. At the moment (11:58), PLKI is trading at $78.80 per share after a gain of $12.68 per share or 19.18% thus far today.

Why The Stock Is Up

As is almost always the case, our partners at Trade Ideas were the first to give us the alert that PLKI was up in a big way. As soon as we received the notification, the CNA Finance team started working to see what was causing the movement. It didn’t take long to dig up the story. The gains are the result of takeover news.




Recently we covered Popeyes Louisiana Kitchen as rumors started to break that the company was going to be acquired. However, this is unlike most other rumors. That’s because, this morning, the rumor became true. Restaurant Brands has agreed to buy Popeyes. The deal comes to a total of $1.8 billion in cash or $79 per share, representing a strong premium.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PLKI. In particular, we’ll be watching for further news surrounding this acquisition as it is subject to customary closing conditions. Nonetheless, we’ll be watching the news closely and bringing it to you as it breaks!

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Legg Mason Inc LM Stock News

Legg Mason Inc (NYSE: LM)

Legg Mason was off to a pretty strong start to the trading session today. After starting the day off in the green, the stock went through a series of both ups and downs, but didn’t fall to the red at all. And minutes ago, things went from good to great as the stock started to make a run for the top. Below, we’ll talk about what we’re seeing from LM, why, and what we’ll be watching for ahead.





What We’re Seeing From LM

As mentioned above, Legg Mason had a pretty good start to the trading session today. After starting the day off in the green, the stock saw some normal upward and downward activity, but held onto the gains, for the most part. And then things went from good to great, minutes ago, as the stock started to make a run for the top. At the moment (11:07), LM is trading at $38.37 per share after a gain of $1.67 per share (4.55%) thus far today.

Why The Stock Is Spiking

As is usually the case, our friends at Trade Ideas were the first to alert us to the gains on LM. As soon as we go the alert, the CNA Finance team started working to see what was causing the gains. It didn’t take long to uncover the story in this case. The gains are ultimately the result of takeover chatter.




Minutes ago, Street Insider made an interesting report surrounding Legg Mason. The report was that the company has received a takeover offer. At this moment, we’re not quite sure who the offer came from or what the price on the offer was. Nonetheless, given the source of the news, we are comfortable saying that this is likely not a rumor.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on LM. In particular, we’ll be watching to see if the takeover offer does result in an acquisition. If it does, we can expect to see incredible value returned to shareholders. We’ll be watching the news closely and bringing it to you as it breaks!

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TOP Ships Inc TOPS Stock News

TOP Ships Inc (NASDAQ: TOPS)

TOP Ships is having an incredibly strong day in the market today. When the trading session opened, the stock was already trading on incredible gains. From there, we have seen some slow downward movement, but the stock is holding onto massive profits. Below, we’ll talk about what we’re seeing from TOPS, why, and what we’ll be watching for ahead.





What We’re Seeing From TOPS

As mentioned above, TOP Ships is having an incredibly strong day in the market today. At the opening bell, the stock was already trading with massive gains. Throughout the day, the stock has seen a slight correction, but the gains are still well worth writing home about. At the moment (10:59), TOPS is trading at $4.25 per share after a gain of $1.25 per share (41.67%) thus far today.

Why The Stock Is Up

As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on TOPS. As soon as we received the alert, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, there’s a little more to it than usual.




First and foremost, we’ve seen a recent rise of the bulls, so to speak, surrounding shipping – not just TOP Ships, but the entire industry. The industry has been down on its luck for some time, but things are changing. With presidential promises surrounding trade agreements that will allow for higher shipping prices, investors have started to take notice. On top of that, we’ve seen tons of recent private equity purchases, and big ones at that, in the shipping sector. This is fueling confidence in the sector, as investors see that smart money is making moves.

Because of all of this, there’s already a pretty bullish opinion. So, it doesn’t take much to push investors into a frenzy. With that said, today, it’s starting to come to the attention of investors that the prices of key materials like iron and steel are increasing in China. As a result, it is expected that shipping demand associated with the Asian region is likely to climb. This is causing excitement among investors and sending TOPS through the roof!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on TOPS and, really, the entire shipping sector as a whole. In particular, we’ll be watching for further data with regard to growth in demand. We’ll also be watching as the trade war between the US and China plays out, as this could cause quite a bit of movement in the sector. We’ll continue to keep a close eye on the news and bring it to you as it breaks!

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Deckers Outdoor Corp DECK Stock News

Deckers Outdoor Corp (NYSE: DECK)

Deckers Outdoor Corp wasn’t off to the best of days in today’s trading session. In fact, at the opening bell, the stock was trading well into the red. For the first hour of the session or so, the stock saw some upward and some downward movement, but stayed in the range of losses. Nonetheless, minutes ago, the stock quickly spiked to the gains and it looks like it may continue running. Below, we’ll talk about what we’re seeing from DECK, why, and what we’ll be watching for ahead.





What We’re Seeing From DECK

As mentioned above, Deckers Outdoor Corp didn’t look like it was going to have the best of days in the market today. Unfortunately, at the opening bell, the stock was already trading in the red. Throughout the first hour, the stock struggled to find direction. However, minutes ago, it seems as though that direction became clear… UP! At the moment (10:34), DECK is trading at $53.14 per share after a gain of $0.41 per share or 0.78% thus far today.

Why The Stock Is Climbing

As is usually the case, our partners at Trade Ideas were the first to inform us of the run on DECK. As soon as we received the alert, the CNA Finance team started working to see what was causing the gains. While we were unable to find any fundamental news, we believe we found the cause of the movement. It seems as though the gains are the result of the company’s consideration of a sale.




All over social media at the moment, we’re seeing a big rumor surrounding Deckers Outdoor Corp. The rumor is that the company has hired multiple banks in the attempt to explore the idea of selling itself. The banks said to be hired are unnamed. Nonetheless, if this is true, it could be great news for investors!

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DECK. In particular, we’ll be watching for further news associated with the potential sale to see if there is any validity to the rumor. Nonetheless, we’ll keep a close eye on the news and be sure to bring it to you as it breaks!

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DeVry Education Group Inc DV Stock News

DeVry Education Group Inc (NYSE: DV)

DeVry Education Group was off to a rough day in the market today. When the opening bell rang, the stock was trading slightly above the green line. However, that didn’t last long. As the session started the stock traded flat before falling to the red. Since then, the stock has yet to recover. Now, the stock has been halted. Below, we’ll talk about what we’re seeing from DV, the halt, and what we’ll be watching for ahead.





What We’re Seeing From DV

As mentioned above, DeVry Education Group wasn’t having the best of days in the market today. While the stock was in the green at the start of the day, that didn’t last long. Throughout the morning, the stock fell further and further into the red. Now (1:40), DV is halted at $32.10 per share after a loss of $0.90 per share or 2.73%.

What’s Going On With The Halt

As is almost always the case, our partners at Trade Ideas were the first to inform us of the halt on DV. As soon as we received the alert, the CNA Finance team started digging to see exactly what was causing the halt. At this point, the there is news pending, and nothing has been offered as to why this is happening.

Nonetheless, there is one thing that we do know, the stock is halted. With DeVry Education Group on a halt, we know that something big is likely going on. After all, there’s got to be a good reason to pause trading in an active session.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DV. In particular, we’re watching for the breaking news surrounding the halt. As always, we’ll be watching the story closely and bringing the updates to you as they break! Stay tuned!

Update (2:20): The halt is still active and no news has been released yet. The most recent bit of news had to do with a disclosure of insider selling, but nothing that we believe would cause the halt.

Update (2:35): Hearing news down the line that the halt is the result of a buyback. We’ll continue to follow the story and bring it to you as it breaks!

Update (2:38): DV announces that it now has the ability to buy back up to $300 million of its common stock through December 2020. In a statement, Lisa Wardell, President and CEO of DeVry Education Group had the following to offer…

“The significant expansion of our share repurchase program reflects our improved financial performance and our board’s confidence in our strategic direction as well as our focus on delivering increased returns to our owners… We remain committed to balancing our capital allocation efforts with the goal of enhancing academic quality, supporting our growth objectives and consistently delivering value to our shareholders.”

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The Rubicon Project Inc RUBI Stock News

The Rubicon Project Inc (NYSE: RUBI)

The Rubicon Project is in the midst of an overwhelmingly strong trading session. When the market opened for the day, the stock was already trading on impressive gains. Since then, the stock has progressed with slow, yet steady upward movement. Below, we’ll talk about what we’re seeing from RUBI, why, and what we’ll be watching for ahead.





What We’re Seeing From RUBI

As mentioned above, The Rubicon Project is having an overwhelmingly strong day in the market today. At the opening bell, the stock was already trading on some pretty impressive gains. Since the bell, the stock has been working upward, albeit slow and steady. At the moment (10:53), RUBI is trading at $9.00 per share after a gain of $0.76 per share or 9.22% thus far today.

Why The Stock Is Gaining

As is almost always the case, our partners at Trade Ideas were the first to inform us of the gains on RUBI. As soon as we received the alert, the CNA Finance team started working to see exactly what was causing the upward movement. It didn’t take long to dig up the news. The gains are the result of excitement surrounding an announcement made by SoundCloud.

In their early morning announcement, SoundCloud announced that it has chosen The Rubicon Project as a content partner. The company said that SoundCloud’s premium audio and video inventory will be available for real-time buying through RUBI. In a statement, Alison Moore, Chief Revenue Officer of SoundCloud, had the following to offer…




SoundCoud’s audience is loyal, influential and highly engaged… Together with Rubicon Project we are now able to serve up our global audio and video inventory on one platform for the first time in an automated fashion. Making it easier than ever for advertisers to share their message with the right person, at precisely the right time.”

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RUBI. In particular, we’re interested in watching the process as this new plan is put into play and turns into dollars for the company. Nonetheless, we’ll be watching for the news and bringing it to you as it breaks

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American Express Company AXP Stock News

American Express Company (NYSE: AXP)

American Express Company was off to a relatively positive day in the market today. At the opening bell, the stock was trading in the green. From there, we continued to see growth throughout the day with the occasional bump in the road. However, everything changed minutes ago when the stock took a dive. Below, we’ll talk about what we’re seeing from AXP, why the stock is tanking, and what we’ll be watching for ahead.





What We’re Seeing From AXP

As mentioned above, American Express Company was having a pretty good start in the market early on today. After starting the day off in the green, the stock continued on a steady upward run to what seemed like it would be impressive daily gains. However, all of that came to an end minutes ago as the stock started to take a dive. At the moment (1:42), AXP is trading at $79.10 per share after a loss of $0.31 per share (0.39%) thus far today.

Why The Stock Is Spiking Downward

As is almost always the case, our partners at Trade Ideas were the first to inform us of the drop on AXP. As soon as we got the alert, the CNA Finance team went to work to figure out exactly why the stock was taking a dive. In this case, it didn’t take long to dig up the news. Unfortunately, it seems like one of the most trusted and respected investors in the world isn’t happy with the company.




In fact, minutes ago, Billionaire Investor Mogul Charlie Munger made negative comments about the company. In particular, he said he was confused about the future of the company. Not to mention, he is the Chairman of the largest shareholder the company has. As a result, American Express started to take a dive as investors reacted to the comments. At the end of the day, when the big players in the game – the Munger- and Buffet-type players – speak, investors listen and investors react.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be digging further into Charlie Munger’s opinion of AXP. We’ll also be keeping a close eye on the company and any other news surrounding it. We’ll be watching the story closely and bringing updates to you as they break!

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Popeyes Louisiana Kitchen Inc PLKI Stock News

Popeyes Louisiana Kitchen Inc (NASDAQ: PLKI)

Popeyes Louisiana Kitchen didn’t look like it was going to have a great day in the market today. In fact, after starting the day off in the green, the stock quickly ran to the red. Throughout the day, the stock has stayed red. However, it quickly spiked well into the green minutes ago and was then halted. Below, we’ll talk about what we’re seeing from PLKI, why, and what we’ll be watching for ahead.





What We’re Seeing From PLKI

As mentioned above, Popeyes Louisiana Kitchen wasn’t having the best of days in the market. While the stock was trading on gains at the open, it quickly fell to losses. Throughout the day, it traded relatively flat as it stayed in the red. However, minutes ago, the stock started spiking. At the moment (3:11), PLKI is halted at $72.60 per share after a gain of $6.56 per share (9.93%) thus far today.

Why The Stock Is Halted

As is almost always the case, our partners at Trade Ideas were the first to alert us to the spike on PLKI. As soon as they did, the CNA Finance team started working to see what was causing the movement. It didn’t take long to dig up the story. It seems as though the gains are the result of excitement surrounding a takeover bid.




At the moment, there’s news surfacing that Popeyes Louisiana Kitchen is getting a takeover bid. The bid is coming from Restaurant Brands International Inc (NYSE: QSR). Currently, there is no news as to what price was offered. Nonetheless, it is expected that the offer comes with a decent premium.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PLKI. In particular, we’ll be watching to learn more about the takeover bid from QSR and whether or not the acquisition will happen. If it does, it will likely return tremendous value to shareholders. We’ll keep a close eye on the news and bring it to you as it breaks!

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AzurRx BioPharma Inc. AZRX Stock News

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