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DISH Network Corp DISH Stock News

DISH Network Corp (NASDAQ: DISH)

DISH Network wasn’t having the best of days in the market today. While the stock opened the day in the green, it quickly found its way to the red. After a short recovery, it went on a fall that seemed like it was going to last all day. However, minutes ago, the stock started to spike, quickly making it back to the green. Below, we’ll talk about what we’re seeing, why, and what we’ll be watching for with regard to DISH ahead.





What We’re Seeing From DISH

As mentioned above, DISH Network wasn’t off to the most amazing of days in the market today. In fact, after opening the trading session in the green, the stock took a dash for the red. We saw a slight recovery, then more downward movement. Unfortunately, it looked like the stock was going to close the day in the red. Nonetheless, minutes ago, it started to soar. At the moment (11:27), DISH is trading at $60.98 per share after a gain of $0.12 per share (0.20%) thus far today.

Why The Stock Is Spiking

As is almost always the case, our partners at Trade Ideas were the first to alert us to the gains on DISH. As soon as we got the alert, the CNA Finance team started digging to see what was causing the movement. While the company has released no fundamental news that would lead to such gains, we believe we’ve found the rumor that is the cause.




At the moment, we’re seeing a rumor all over social media that DISH Network will soon be acquired. The rumor is not vague like most that we see come down the line. In this case, it is rumored that Verizon will be the buyer and they will pay $80 per share. However, it’s important to keep in mind that the rumor is unconfirmed at the moment.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching DISH closely. In particular, we’re watching for any confirmation of this rumor. While it is more detailed than most rumors we come across, it is also unconfirmed. Nonetheless, if confirmation does come down the line, this will be a massive return for shareholders. We’ll keep an eye on the news and bring it to you as it breaks!

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Packaging Corp Of America PKG Stock News

Packaging Corp Of America (NYSE: PKG)

Packaging Corp of America was off to a relatively normal day in the market today. At the start of the trading session, the stock was trading slightly in the green. From there, it went red, recovered, and continued the process throughout the day. However, minutes ago, the stock started to fall on a rumor that could be a massive concern. Below, we’ll talk about what we’re seeing from PKG, why, and what we’ll be watching for ahead.





What We’re Seeing

As mentioned above, Packaging Corp Of America wasn’t having the most exciting of days in the market today. After starting the day slightly in the green, the stock fell to the red before recovering. Throughout the day, we saw more of the same, but nothing was worth writing home about. That is, until a rumor broke minutes ago, causing the stock to take a dive. At the moment (1:17), PKG is trading at $93.38 per share after a loss of $1.70 per share (1.79%) thus far today.

Why The Stock Is Falling

As is usually the case, our partners at Trade Ideas were the first to alert us TO the spike. As soon as they did, the CNA Finance team started digging to see exactly what was causing the movement. In this case, there has been no fundamental news released by the company suggesting that such strong gains would be happening. However, there is an utterly concerning rumor.




At the moment, you’ll see rumors circling like the one below if you search for PKG on social media:

The rumors suggest that there has been an explosion at one of the Packaging Corp Of America facilities. As a result, not only is the stock falling, but competitors of the company – International Paper Co (NYSE:IP) and KapStone Paper and Packaging Corp. (KS) – are climbing. At the moment, the rumors are unconfirmed.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on PKG. In particular, we’re interested in learning if there is any validity to the rumored explosion. We’ll keep a close eye on the news and bring it to you as it breaks!

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DryShips DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips has been an incredibly interesting stock to follow as of late. Since the presidential election in which Donald Trump took the victory, the stock has been on a wild ride. In fact, just this week, the stock saw gains of more than 30% on Monday, only to find itself back near the week’s opening price today. So, what’s happening? Today, I’ll do my best to explain the movement.





Why DRYS Was Up

On Monday, DryShips went on yet another massive run, something we’ve seen from the stock quite a bit recently. This time around, the run was the result of an SEC filing showing that the company sold 32 million shares to Kalani Investments Ltd. This is where things start to get interesting.

You see, Kalani Investments is a company headquartered in the Caribbean. The entity is largely unknown. What’s more, there is no confirmation as to whether or not the company still owns the stock. In fact, many, including Karen Finerman from CNBC speculate that Kalani has sold its stake over the past week or so.

Nonetheless, when the SEC filing dropped, the stock climbed dramatically, as you would expect. After all, the shares were purchased at $6.30 per share. This is incredible considering that for the past couple of weeks it has been around the $2 mark. So, as we would expect, DRYS screamed toward the top.




Why The Stock Is Down

While DRYS had a great day on Monday, the stock didn’t do so hot yesterday, and today we’re seeing more of the same. In fact, the stock is trading at $4.16 per share at the moment (10:25), after a loss of $13.84 per share thus far today. So, why is the stock falling?

Well, first and foremost, as various pros in the industry continue to outline the idea that Kalani sold that massive stake to a sucker, investors continue to get concerned. The truth is that the company is in hot water. While they do have a decent sized fleet, they are throwing money in the water to keep the fleet alive, losing around $1,500 per ship per day in the process.

On top of that, there are more concerns. Recently, Seeking Alpha released a report showing that the SEC should investigate the company for lying on 6k filings through the use of Panama Proxies and corrupt Canadian officials. We covered that story in depth and believe that it will lead to something that could be the nail in the coffin at some point. Nonetheless, only time will tell where that goes.

One thing we do know is that the ship at DRYS is just barely holding on at the moment, and with big concerns across the board, it only makes sense.

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 interested in following the news surrounding the potential SEC investigation into the company’s alleged lies, the financial situation moving forward, and of course, investor reactions. We’ll keep a close eye on the news and bring it to you as it breaks.

What Do You Think?

Where do you think DRYS is headed moving forward? Join the discussion in the comments below!

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DryShips DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips looked like it was going to have a strong day in the market today. At least, in the pre-market hours. When the trading session opened, the stock was trading well into the green. However, since then, we’ve seen a bit of a dive, bringing it all the way down the the breakeven point. This follows yesterday, when the price of the stock doubled and more in a single session. Below, we’ll talk about what we’re seeing from DRYS today, why, and what we’ll be watching for ahead.





What We’re Seeing From DRYS

As mentioned above, during pre-market hours, DryShips looked like it was going to have a strong day in the market. However, as soon as the trading session started for the day, the stock took a dive. The dive continued steadily throughout the morning, bringing the stock to the breakeven point. Currently (12:14), DRYS is trading at $5.05 per share with no gain or loss on the day.

What’s Going On With The Stock

The massive gains that we saw on DRYS yesterday were the result of a PR in which the company announced that they have raised $200 million. The PR was issued during after hours on Monday. The shares were sold at a price of $6.30 per share, representing a massive premium on the price before the sale. The buyer of the shares was Kalani.


As a result, 45 minutes before the open on Tuesday, around 1.4 million shares traded hands. That’s massive, considering the average daily volume is only 6.8 million shares. So, massive excitement was generated.

However, it’s expected that Kalani may have already sold the DryShips shares. In fact, CNBC’s Karen Finerman said that they may have been sold yesterday, adding that they may have been sold to “who they hoped would be bigger fools.”

Regardless of what’s going on with the DRYS shares involved in this fund raise, the company is not without issues. In fact, recent allegations of lies to the SEC and investors may lead to big issues down the road. As a result, we’re starting to see a bit of a correction in the stock.

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 following the allegations of lies to the SEC as they point up the ladder all the way to the CEO of the company. We’ll keep a close eye on the news and bring it to you as it breaks.

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Apollo Education Group Inc APOL Stock News

Apollo Education Group Inc (NASDAQ: APOL)

Apollo Education Group was off to a relatively normal day in the market today. When the opening bell rang, the stock was trading slightly in the green. From there, it saw its fair share of ups and downs, but somehow maintained gains and stayed in the green all morning. Nonetheless, minutes ago, the stock was halted out of the blue with news pending. Below, we’ll talk about what we’re seeing from APOL, why, and what we’ll be watching for ahead.





What We’re Seeing From APOL

As mentioned above, after a relatively normal morning, Apollo Education Group has halted. APOL was halted at 10:47 at $10.00 per share after a gain of $0.01 per share (0.05%) thus far today.

Why The Stock Is Halted

As soon as our partners at Trade Ideas informed us that APOL was halted, the CNA Finance team started digging to see what was causing the halt. At the moment, the official reason is “news pending.” However, we did find a rumor.

The rumor suggests that the company is in the process of buying itself. However, this rumor is unconfirmed at the moment. Nonetheless, there is one thing we do know. At the end of the day, Apollo Education Group has been halted, and that means that something big is likely happening.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping an incredibly close eye on APOL. In particular, we’re interested in learning why the stock was halted. If the company is taking itself private, it could mean that investors will see a strong return on investment. We’ll keep a close eye on the news and bring it to you as it breaks.

Update: APOL announced a merger completion. Apollo Education group shareholders will receive $10 per share for both Class A and Class B shares. In a statement, Greg Cappelli, CEO at APOL, had the following to offer:

“This transaction marks a significant milestone in our company’s history, and will allow us to accelerate our efforts at University of Phoenix, Western International University, College for Financial Planning and Apollo Global to improve outcomes for all of our students in the U.S. and around the world… We look forward to completing the transformation plan at University of Phoenix and driving the principles of operating excellence throughout the organization.”

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Hertz Global HTZ Stock News

Hertz Global Holdings (NYSE: HTZ)

Hertz Global was off to a relatively strong day in the market today. At the opening of the trading session, the stock was already trading in the green. While we saw some declines from highs in the beginning, minutes ago things changed as the stock started to spike upward. Below, we’ll talk about what we’re seeing from the stock, why, and what we’ll be watching for with regard to HTZ ahead.





What We’re Seeing From HTZ

As mentioned above, Hertz Global was already having a relatively positive day in the market. The stock started the day on decent gains. Although, the stock did take a bit of a dive in the first minutes of the trading session, it never made it to the red. Then, minutes ago, it started to spike. Currently (9:57), HTZ is trading at $21.49 per share after a gain of $0.54 per share (2.58%) thus far today.

Why The Stock Is Spiking Upward

Our partners at Trade Ideas were the first to send us the alert on HTZ. When we got it, the CNA Finance team started digging to see why the stock was spiking upward. In this particular case, we weren’t able to uncover any fundamental news that would lead to such gains. However, we did find a pretty interesting rumor in the social realm that we believe is the cause for the movement.


At the moment, there’s a rumor circling online that Hertz Global is going to enter into a merger relatively soon. The rumor suggests that an activist investor is currently pushing the company to merge with Avis. At the moment, the rumor is unconfirmed. Also, the rumor doesn’t provide details as to who the activist investor is that may be pushing for the merger.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on HTZ. In particular, we’re interested in learning if there is any validity to the rumors. After all, if there is, a merger could be a good thing for investors. Then again, if this rumor is true, we may see an antitrust case in the making. Nonetheless, we’ll keep a close eye on the news and bring it to you as it breaks!

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CAR is the rumored merger target. We’ve got their Zacks report here for you FREE!

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DryShips DRYS Stock News

DryShips Inc. (NASDAQ: DRYS)

DryShips has been one of the most interesting stocks to follow as of late, and for good reason. Shortly following the election, shipping companies skyrocketed, as investors were exited about President Trump’s plans. DRYS proved to be the leader of this run. However, since then, the stock has been falling, and last week, it took its most recent hit on allegations of lies to the SEC. Nonetheless, the stock is skyrocketing once again. Below, we’ll talk about the allegations, what we’re seeing from the stock today and why, and what we’ll be watching for ahead.

Update – After hours, a 6-K filing was offered to investors sending the stock skyrocketing. The link to the 6-K is offered in the update below!





DRYS Allegedly Lied To The SEC And Investors

Last week, a report broke that sent DryShips spiraling out of control. Unfortunately, the company may have lied to the SEC several times. Last week, accusations started to come to light that the company was using Panama Paper Proxies as well as their relationships with Canadian officials, who are now being called corrupt, to lie to the SEC. In doing so, the company is said to have filed multiple 6-K filings that are littered with misrepresentations to the SEC and the company’s investors.

Unfortunately, if you dig in deeper, the story quickly goes from bad to worse. In many cases like this, the CEO is not involved and it is hidden from them. However, to make matters worse for the beleaguered shipping company, it seems that the false reports given to the SEC run all the way to the top, with DryShips Inc. CEO George Economou allegedly being heavily involved with the unfaithful SEC dealings.


The Stock Is Climbing Today

While the news surrounding DRYS has been negative as of late, the stock is climbing dramatically today. In fact, the stock even hit the radar designed by our friends at Trade Ideas because of the dramatic climb. At the moment (10:46), DRYS is trading at $2.50 per share after a gain of $0.51 per share (25.63%) thus far today. With no positive news released by or surrounding the company, it is our belief that the gains on the stock are the result of a short squeeze.

This Is A Dangerous Game

If you’re considering investing in DryShips at the moment, you may want to think again. At the end of the day, this scandal is brewing, and if it is proven that the company has been lying to the SEC and its investors, things are going to get ugly very quickly! So, if you’re going to play the game, be prepared for what you’re likely to be dealing with ahead.

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 looking for the response to these allegations, which surprisingly hasn’t been offered yet. We’re also interested in following the progress of investigations and what happens as a result. We’ll keep a close eye on the story and bring the news to you as it comes to us!

Update – Amid the hype surrounding the stock, a new spike just started after hours. The spike can be attributed to this 6-K filing with the SEC. The filing discloses a $200 million fund raising. We’ll continue to keep tabs on the news and bring it to you as it breaks.

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Weight Watchers WTW Stock News

Weight Watchers International, Inc. (NYSE: WTW)

Weight Watchers International was off to what seemed to be a relatively normal day in the market today. When the opening bell rang, the stock was trading slightly in the red. From there, it popped up to the green before falling back to the red and remaining relatively flat. Nonetheless, minutes ago, the stock started to spike in a big way. Below, we’ll talk about what we’re seeing from WTW, why, and what we’ll be watching for ahead.





What We’re Seeing From WTW

As mentioned above, Weight Watchers International was having what seemed to be a normal day in the market today. At the open of the trading session, the stock wasn’t looking too hot, trading slightly in the red. From there, the stock quickly made it to the green before falling back down. However, minutes ago, that all changed as the stock started to make a run for the top. At the moment (10:42), WTW is trading at $12.26 per share after a gain of $0.31 per share (2.59%) thus far today.

Why The Stock Is Spiking Higher

As soon as our partners at Trade Ideas sent us the alert that WTW was making a run for the top, the CNA Finance team started digging to see exactly what was causing the movement. In our search, we dug for fundamental news that could cause such a spike; unfortunately, that news wasn’t available. It seems as though the gains are being caused by a rumor.


At the moment, all over social media, we’re seeing a rumor surrounding Weight Watchers. That rumor is that the company is going to be taken over soon. The rumor suggests that Invus Group, the majority shareholder of the company, plans to acquire the company. The rumor suggests that the acquisition will come with a price between $14 and $15 per share. As of now, there has been no confirmation from either side that the rumor is true.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on WTW. In particular, we’re interested in finding out if there is any validity to these rumors. Things seem positive, as the rumor isn’t quite as vague as what we’re used to seeing. 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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Banc of California Inc BANC Stock News

Banc of California Inc (NYSE: BANC)

Banc of California has had a rough time in the market as of late. Ever since stories that the company may be involved with a known fraudster hit, there have been several questions that have come up about the stock and its ability to grow. Now, things have gone from bad to worse as more news breaks, sending the stock spiraling downward. Below, we’ll talk about what we’re seeing from BANC, why, and what we’ll be watching for ahead.





What We’re Seeing For BANC

As mentioned above, Banc of California isn’t having the best of days in the market today. After starting the day off well into the green, the stock began to fall and eventually landed teetering on the breakeven point. But then the stock started to tank minutes ago. At the moment, the stock is trading at $14.70 per share after a loss of $0.25 per share (1.67%) thus far today.

Why The Stock Is Falling

As is always the case, as soon as we received the alert from Trade Ideas that BANC was taking a dive, the CNA Finance team started digging to see exactly what was causing the movement. In this particular case, it didn’t take long to dig up the story. It seems as though things are going from bad to worse with regard to possible fraud that was uncovered months ago.


According to the whistleblower in this case, Banc of California sold bad loans to an off-balance-sheet entity that is managed by related parties. The whistleblower also provided documentation revealing that Jason Galanis held a large equity stake in Steven Sugarman’s COR Securities Holdings. If the whistleblower does indeed have the documents to prove these statements, the stock may only be seeing the tip of the iceberg when it comes to the declines.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on BANC. In particular, we’re interested in learning more about the allegations of fraud and how this pans out. We’ll keep a close eye on the news and bring it to you as it breaks!

What Do You Think?

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Where do you think Banc is headed moving forward? Join the discussion in the comments below!

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Corecivic Inc CXW Stock News

Corecivic Inc (NYSE: CXW)

Corecivic wasn’t having what would be considered a strong day in the market today. In fact, when the trading session opened, the stock was trading slightly in the red. From there, it continued to fall further and further into the abyss. However, minutes ago, the stock started spiking in a clear attempt toward a recovery as the Secretary of the White House spoke. Below, we’ll talk about what we’re seeing from CXW, why, and what we’ll be watching for ahead.





What We’re Seeing From CXW

As mentioned above, Corecivic wasn’t having a great day in the market today. In fact, when the opening bell rang, the stock was already seeing losses, and those losses have only been expanded throughout the session. That is, until minutes ago when the stock started on a big spike upward. Currently (1:11), CXW is trading at $29.51 per share after a loss of $0.16 per share (0.54%) thus far today.

Why The Stock Is Spiking

As is usually the case, our partners at Trade Ideas were the first to inform us of the gains on CXW. As soon as they did, the CNA Finance team started digging to see exactly why the stock was spiking upward. In this case, it didn’t take long to dig up the story. It seems as though the gains can be directly tied to comments made by Sean Spicer, the White House Secretary.


In comments that were played live just minutes ago, Spicer made statements with regard to the criminal justice system in the United States. In one part of the statement, Spicer said that the White House plans to create more correction capacity. Of course, this is great news for Corecivic, a company that owns a network of correctional facilities throughout the United States.

What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on CXW. In particular, we’re interested in learning about how the White House plans on increasing correction capacity. This could mean more federal funding for the company and others in the industry. We’ll keep a close eye on the news and bring it to you as it breaks!

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Thought Leader Discussions

AzurRx BioPharma Inc. AZRX Stock News

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AzurRx BioPharma Inc. (NASDAQ: AZRX) Since first covering AzurRx in December of 2016, many investors have asked me to further expand on the technology and...