Tech Stocks

Fitbit Inc FIT Stock News

Fitbit Inc (NYSE: FIT) is having an incredibly strong start to the trading session this morning, and for good reason. Takeover chatter seems to be hitting the wire, causing excitement among investors and sending the stock rocketing toward the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (9:45), FIT is trading at $5.27 per share after a gain of $0.21 per share (4.15%) thus far today.





FIT Gains On Takeover Chatter

As mentioned above, Fitbit is having an incredibly strong start to the trading session this morning as takeover chatter starts to surface surrounding the company. While we were able to find various posts on social media suggesting that the company may soon be taken over, the rumor is overwhelmingly vague. It does not suggest who may be interested in taking the company over, nor at what price that interest lies. Nonetheless, the rumor is indeed causing excitement and pushing the stock toward the top.




With all of that said, there’s something that we feel is important to remember here. The truth of the matter is that takeover chatter is nothing new in the market. In fact, it happens quite often. However, like most other forms of rumors, takeover rumors in the stock market tend to be vague and lacking of truth. Considering the story surrounding the FIT chatter that we’re seeing today, we don’t believe that the rumor is a sign of a legitimate takeover in the works.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on FIT. In particular, we’re interested in learning if there is any validity to the takeover rumors. While we don’t believe it will happen, the truth is that anything can happen in the market. Nonetheless, we’ll continue to follow the story closely bring the news to you as it breaks!

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RADA Electronic Industries Ltd. RADA Stock News

RADA Electronic Industries Ltd. (NASDAQ: RADA) is having an incredible time in the pre-market hours this morning, and for good reason. The company announced that it has received its first order for the United States military. Of course, this excited investors who sent the stock skyrocketing. As is normally the case, our partners at Trade Ideas were the first to alert us to the gains. At the moment (8:19), RADA is trading at $2.55 per share after a gain of $0.33 per share or 14.86% thus far today.





RADA Announces Order From The US Military

As mentioned above, RADA Electronic Industries is having an incredibly strong time in the pre-market after announcing that it has received its first order from the United States military. The company said that it has received an order from the US military for dozens of its Multi-Mission Hemispheric Radars, also known as MHR. The company is expecting that the products ordered will all be delivered during 2017. The order value came in at a whopping $8 million. In a statement, Dov Sella, CEO at RADA, had the following to offer…




This is a true breakthrough and highly significant order for RADA. Furthermore, strategically, it is our first delivery to a key US military customer, with potential for further orders down the road. We have been awarded with this order following long, demanding and detailed trials, as would be expected for a key defense application, proving the superiority of our radars in the increasingly important field of counter-UAV warfare.

While this initial win has potential for additional orders with this particular force, we also see further potential with other US military forces. This program signals the initial fruits of success of our strategy, focusing our technology on the US military and other world leading advanced defense forces, which are in need of tactical, on-the-move surveillance and protection solutions for the maneuver forces.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on RADA. In particular, we’re interested in following the ongoing work to bring its products to various military forces around the world and are excited about the prospect of further expanding its relationship with the United States military. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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GoPro Inc GPRO Stock News

GoPro Inc (NASDAQ: GPRO) is having an incredibly strong start to the trading session in the pre-market this morning, and for good reason. The company was the center of an upgrade by Goldman Sachs, leading to excitement among investors who are pushing the stock toward the top. Of course, our partners at Trade Ideas were the first to alert us to the gains. Currently (8:33), GPRO is trading at $10.10 per share after a gain of $0.36 per share or 3.70% thus far today.





GPRO Gains On Goldman Sachs Upgrade

As mentioned above, GoPro is having an overwhelmingly strong start to the trading session this morning after the stock was the center of an upgrade by Goldman Sachs. It was announced early this morning that Goldman Sachs has upgraded the stock from a Sell rating to a Neutral rating, giving the stock a price target of $10.00. The price target on the stock was previously $6.75.




The analyst heading the charge on GPRO was Doug Clark. In particular, his upgrade on the stock had to do with the new product launch coming soon. He also said that the company is in a unique position to improve its capital structure and liquidity position. As a result, he no longer sees a downside on the stock.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on GPRO. In particular, we’re interested in following the company to see if they do indeed improve their capital structure and liquidity position ahead of or after the new product launch. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Next Group Holdings NXGH Stock News

Well, perhaps the title caught your eye and you were hoping to see a company that was already posting mega-million dollar revenue figures and was still grinding its way higher. Sorry, not this time. But, don’t run yet, the fact remains, that while Next Group Holdings, Inc. has not yet posted a hundred million in revenues, they are, in fact, staring down an estimated consumer market that is well more than 100 million users. And, while that user potential is impressive, NXGH is also preparing to take a significant bite from the current $30 billion market that is up for grabs to those that have the foresight and perseverance to benefit from that lucrative market and its riches. In this case, Next Group Holdings, Inc. is not only planning and executing upon an aggressive strategy to earn business from this unnoticed and underserved market but is at the same time building a comprehensive package of services that can get the job done.

While NXGH is a micro-cap stock, the market price may not be near accurate when combining the sum of the parts of this growing enterprise. And, it’s the total package that NXGH is building that should have investors excited about the potential in NXGH. If Next Group Holdings were merely putting the pieces of its business together at this point, they would certainly be nothing more than a speculative investment. However, NXGH has been busy assembling the components necessary to bring a comprehensive, simple and easily scalable platform to market. Thus, the company is well beyond the planning stages. But, that does not mean that a ground floor opportunity does not exist, because, at current prices, one certainly does.

Coinciding with the management teams opinion that the stock price is grossly undervalued, some investors are beginning to notice and share the same point of view. Many realize that NXGH has the capability to shape, disrupt and transform a financial industry that has left a significant portion of the nation’s population unattended when it comes to offering a fully integrated, accessible and dynamic platform that can merge both banking and lifestyle. And, for investors in NXGH, the hope is that the growing pains experienced during the start-up phase of the company begin to deliver handsome dividends.

How To Take A $30 Billion Market

Innovation is key to disruption, and the most successful companies were in one way or another so successful at disrupting the status-quo that their technology emerged supreme. Although Next Group Holdings, Inc. did not invent some new technology that can change the lives of people because of what it can do, it has managed to develop a way for the over 100 million underserved consumers in the United States to enjoy bundled services and conveniences because of what it does.

NXGH is a combination of successes and because of the seamless capability of its platform can deliver a multitude of services quickly and reliably. NXGH is in the process of putting into place a platform that is on the verge of pushing brick and mortar banking to the brink of obsolescence. No, NXGH is not the pioneer of the movement, but they are in fact taking action to benefit from the changes. And, everything is changing, from the way people shop, how they communicate, to how they conduct banking transactions. And, the bottom line from any expert polled is that the only direction that mobile generated and integrated platform technology is moving… is forward.

Progression is what makes Next Group Holdings attractive to investors. Since 2016 the company has been busy assembling accretive components to an integrated business platform designed to deliver meaningful growth and, in turn, generate significant shareholder value. NXGH has been active on numerous fronts, building a company to take advantage of long distance calling, building a base of customers that use the company’s prepaid card and remittance services, and to a large extent have been adopting the company’s mobile banking platform. Keep in mind, the market they are working to penetrate is comprised of well over 100 million consumers, mostly Latin and Mexican in origin that has been somewhat unable to secure mainstream methods of traditional banking and mobile services. These underserved Latino based markets are not merely getting ignored by the larger competitors in the industry; they also fail to recognize the need to establish a unique rapport with these potential customers and more importantly have utterly failed to invite these customers into their networks. Next Group Holdings wants to change that component of the cycle, and they want to enjoy a significant amount of the current $30 billion market potential that is there for a provider smart enough to bring the right product to market.

NXGH Bringing It Home

There is a difference in this Miami, Florida based company. Primarily they are small enough to understand and stay closely associated with their target market and at the same time has the tools in place to scale to much greater degrees of success quickly.

To address the market, NXGH has built its technology company to enhance mobility solutions to the unbanked, underserved, and emerging markets. As noted, the company has assembled critical components to attract the targeted audience. They have been successful primarily through its three subsidiaries NEXTCALA, which handles the company’s general purpose reloadable (GPR) prepaid Visa® card, NXTGN, which offers a multipoint HD video platform service, and NEXT MOBILE360, the company’s provider of all things mobile, inclusive of mobile voice, text, and data services. Once the components get fully synchronized, the mission is to enable a comprehensive, all-inclusive mobile platform for its customers, from comfort lifestyle to fully supportive banking solutions.

So, how does NXGH bring it home? Well, at its core, the company simply knows its market. So much so, that they have developed and announced the pending launch of CUENTAS, the company’s full-service virtual bank. It’s targeting the market potential mentioned earlier, the over 100 million unbanked and underserved consumers in the United States.

CUENTAS Unmasked

Set for market launch in the coming months, CUENTAS is set to deliver the ease of a one-stop shop, enveloping a system that can recharge cash to card transactions, load mobile phone services and perform online banking services that rival even the largest financial institutions in the industry. And, unlike the brick-and-mortar banking institutions that become more archaic by the month, the CUENTAS platform can be quickly moved, has a small counter-top footprint and can network seamlessly to a vast network of connections throughout the United States, Mexico and countries where data symmetry exists. In the meantime, though, targeting the 100 million consumers and the $30 billion U.S. market is more than enough to keep both NXGH and CUENTAS busy for months to come.

The CUENTAS platform will include unprecedented access to discounted products and services from an extensive list of leading retail gift card brands, inclusive of airlines, major retailing chains, movie theaters, restaurants, and resort parks. And, that’s just to name a few. The CUENTAS platform brings much more opportunity and will further lead to a seamless integration of MIO, a single-use credit platform that will be using the CUENTA interface.

Placed side by side, CUENTAS appears similar to other mainstream banks, whether it be virtual or brick-and-mortar. But, in actuality, it is better. Not only does the CUENTAS program offer an array of discounts and promotions to industry leading brands, but the program also incentivizes customers to utilize the card. In doing so, they can enjoy free calling minutes, reload existing phone cards and connect both the USA and International markets to query accounts directly, a benefit not currently offered by any other virtual competitor.

The success expected from CUENTAS lay in the power of the platform. The program’s flexibility and growing volume of retail locations providing access to CUENTAS make the program accessible, all-encompassing and comprehensive. But, the platform also provides for easy access and transfer of funds to countries throughout the world. Then, with MIO joining the NXGH stable of services, customers can purchase a one-time use, non-reloadable MIO card but have the ability to transfer funds from MIO to a designated CUENTAS account instantly. Thus, the integration of the two instruments combines to make a single super-convenient luxury for customers.

In the end game, though, the strength in NXGH may lay in the fact that they know and understand the market they are working to serve. The company has been built with well thought out detail, has managed to acquire the right accretive supplements at the right times and has built a sizable arsenal of subsidiaries that all share toward the common goal of producing state-of-the-art services with a focus on creating shareholder value for their investors.

Investing With The Team

The goals are aligned when it comes to managements motivation to create shareholder value. Of the approximate 259 million total outstanding shares issued, management owns just under 70% of the ownership in the company. Also, current executive management held prior ownership in NXGH acquisitions and had extensive knowledge of the entire integrated operation the company is moving forward.

Being disruptive is not easy, and for a small and emerging business to create dynamic change in the industry will take time, strong leadership, a well thought out plan, and money. The money part is happening, and the numbers are heading in the right direction. For the quarter ending March 31, 2017, NXGH recorded $811,458 in revenues and posted positive earnings of three cents per fully diluted share. Yes, profits.

Earnings make the difference when looking for emerging companies that have the ability to grow from existing cash-flow compared to those that are in constant need of the capital markets and their greedy dilution machines. Will NXGH need additional capital? It depends on what acquisition candidate comes their way. But, posting net earnings is a welcome sight to any investors and for this stock to be trading at current levels demonstrates the opportunity for investors to realize capital appreciation from an investment into NXGH. Take a long term perspective and allow this company to mature, it’s doing the right things at the right time and management is hard at work to increase shareholder value, which simultaneously enriches themselves.

When it comes to micro-cap valuations, the market experts often prove to be very inefficient, and with NXGH they may have simply missed recognizing a fantastic little company in progress. But, just as some stocks can remain undercover, others can suddenly emerge with a vengeance. For NXGH, emergence may be in style. The stock has been consolidating in the three cent range for the past two weeks and has traded closer to six cents for most of July, representing a potential 100% upside if the stock simple catches its most recent valuations.

However, NXGH is in a position to do better, and with the company posting record profits and with revenue and acquisitions beginning to deliver the financial rewards intended, the company may be on the verge something big. NXGH may not only become disruptive to industry, but perhaps disruptive to its share price, but in a right way. As investors, we like when management is unhappy, and we look at that as a clue that with misery comes motivation, and from motivation comes change. At NXGH, the changes are happening, and they are accretive. The first quarter was buff and investors should pay close attention to the managements tone and look for continued enthusiasm in their guidance. If the most recent quarter is indicative of future success, investors may be sitting pretty as the stock should begin to appreciate the growth. But, no one can foresee the future, we can only speculate. For investors that can endure some risk and place a portion of their capital into an investment that can run wildly volatile, NXGH may offer a cozy vehicle to belt in to, no doubt leaving you eager for a fast ride toward increased revenue growth and accretive acquisition.

Disclaimer- CNA Finance is NOT an Investment Advisor. Our goal is to bring both news and under discovered stocks to the attention of investors to assist in making smart decisions in the market. CNA Finance is a for profit company. That profit is generated through three (3) different types of relationships. First and foremost, we work with pay per click and CPM advertisers on banners. We also have affiliate relationships with various companies where we earn a portion of the sales we refer. Finally, we may have relationships with some of the companies or IR firms that represent companies mentioned within our works in which we are compensated in cash and or stock for consulting, investor relations, and Press Release services. Red Chip paid CNA Finance $2,500 to hire Perceptive Analytics for research and writing services as well as other investor relations services provided to Next Group Holdings by CNA Finance. All information researched and provided through any article associated with Next Group Holdings and published on CNA Finance is public information that is documented and available upon request. CNA Finance encourages all investors to seek professional advice before making any investment decision.

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ: AMD) is having an overwhelmingly strong day in the pre-market hours today, and for good reason. The company reported earnings for the most recent quarter, blowing away expectations and updating guidance in a positive way. Of course, this led to excitement among investors, causing gains and prompting an alert from our partners at Trade Ideas. At the moment (8:40), AMD is trading at $15.33 per share after a gain of $1.22 per share or 8.65% thus far today.





AMD Reports Strong Q2 Earnings

As mentioned above, Advanced Micro Devices is having an incredibly strong start in the pre-market hours this morning after reporting earnings. Of course, the report proved to be overwhelmingly positive. Here’s what we saw from the report…




  • Earnings Per Share – Earnings proved to be a positive notch on the AMD belt. During the second quarter, analysts expected for earnings per share to come in flat at $0.00. However, the company actually reported earnings in the amount of $0.02 per share.
  • Revenue – When it comes to revenue, AMD definitely did not disappoint. While analysts expected that the company would generate $1.16 billion in revenue, the company actually reported revenue in the amount of $1.22 billion.
  • Guidance – Finally, Advanced Micro Devices provided some strong guidance for the third quarter. The company said that during the quarter, it expects revenue to come in the range between $1.46 billion and $1.53 billion. Analysts currently expect revenue to come in at $1.39 billion.

In a statement, AMD said that its revenue came in strong due to strong sales in the computing and graphics segment. In particular, the new Ryzen PRO desktop processors and Radeon graphics cards did well in the quarter. In a statement, Lisa Su, CEO at AMD, had the following to offer…

We are very pleased with our improved financial performance, including double-digit revenue growth and year-over-year gross margin expansion on the strength of our new products.”

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be watching AMD incredibly closely. In particular, we’re interested in following the company through the third quarter as more strong products give the company the ability to grow. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Apache Corporation APA Stock News

Apache Corporation (NYSE: APA) was off to a rough day in the market today, but that didn’t last long. In fact, the stock started to spike minutes ago as rumors started to spread. A special thanks goes out to our friends at Trade Ideas for being the first to alert us to the gains. At the moment (10:02), APA is trading at $47.88 per share after a gain of $0.14 per share (0.29%) thus far today.





APA Gains On Takeover Chatter

As mentioned above, Apache Corporation wasn’t off to the best of starts in the market today. In fact, since the open, the stock was trading in the red. That is, until minutes ago, when the stock quickly spiked into the green. Ultimately, the gains can be attributed to takeover rumors that are running surrounding the stock. While the rumors are quite vague, they do suggest that the company will soon be taken over. However, they do not suggest at what price, nor who the buyer might be.




Any time we see these rumors, it’s important to remember that rumors are just that… rumors – most of which prove to be invalid. In this particular case, that’s what we believe we are seeing. There are a couple of reasons for this. First and foremost, if a takeover rumor is true, the rumor insinuates who the buyer is and at what price most of the time.  That’s not the case here. Also, this rumor is nearly impossible to track to its source.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on APA. In particular, we’re going to be watching to see if there is indeed any validity to the rumors that are circling the stock at the moment. While we don’t believe this to be the case, anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Ambarella Inc AMBA Stock News

Ambarella Inc (NASDAQ: AMBA) was having a relatively rough start to the trading session this morning, spending most of the first hour of the day in the red. However, that all changed minutes ago as a rumor surrounding the company started to break. Of course, our partners at Trade Ideas were the first to alert us to the gains. At the moment (10:34), AMBA is trading at $51.59 per share after a gain of $0.57 per share (1.12%) thus far today.





AMBA Spikes On Rumors

As mentioned above, Ambarella wasn’t off to the best of starts in the market today. However, that all changed minutes ago as a rumor surrounding the company started to break. The rumor suggests that the company is in the process of exploring a sale. However, in these cases, companies usually hire bankers to assist in this process, and we have not heard anything about anyone being hired to assist.




With that said, now is the perfect time to remind readers that rumors are nothing new in the market. In fact, they happen quite regularly. Unfortunately, however, most of the time a rumor takes place, it is not based in fact. In this particular case, while AMBA may be exploring a sale some day, we don’t believe that today is that day. The bottom line is that the rumor is overwhelmingly vague and tracking down the source of the rumor is nearly impossible.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMBA. In particular, we’re interested in following the story to see if the company is indeed exploring a sale. While we don’t believe that this is the case, the truth is that anything can happen in the market. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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Advanced Micro Devices, Inc. AMD Stock News

Advanced Micro Devices, Inc. (NASDAQ: AMD) isn’t off to the best of starts in the pre-market hours this morning, and for good reason. The stock was hit by a big downgrade, leading to fear among investors and pushing the value of the stock toward the bottom. Of course, our partners at Trade Ideas were the first to alert us to the declines. At the moment (8:40), AMD is trading at $13.27 per share after a loss of $0.53 per share (3.84%) thus far today.





Barclays Downgrades AMD

As mentioned above, Advanced Micro Devices isn’t having the best of times in the pre-market hours this morning after Barclays made the decision to downgrade the stock. Barclays Analyst Blayne Curtis downgraded the stock from equal weight to underweight. In the process, the analyst cut the price target to $9 per share, saying it will reach this mark within a year. That’s a 35% implied downside and the target is 31% below the consensus average of $13.01 per share. So, what’s the big deal?




One of the big issues here is that the market is currently pricing AMD based on expectations of many that the company will take a large chunk of Intel’s market share. While a slice may be taken out of Intel by AMD, the analyst believes that there’s not going to be enough to cause the company to maintain its exorbitant price.

Another big factor here has to do with the cryptocurrency boom that recently took place. After all, Bitcoin and Ether miners must use high-end technology in order to efficiently do their work. However, Wall Street is warning that the cryptocurrency boom could run out of steam relatively soon, and that’s bad news for AMD. After all, cryptocurrency values are starting to fall, and when prices fall, mining isn’t quite as lucrative.

So, the idea here is that AMD has a price that includes expectations of continued growth in demand thanks to cryptocurrency mining as well as an expectation of Advanced Micro Devices taking a large chunk of Intel’s market share in this space. However, the analyst behind the downgrade simply doesn’t believe that this is the case.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on AMD. In particular, we’re interested in following the company to see if a demand shortage does start to take place as cryptocurrency prices fluctuate. However, we believe that various key factors were left out of the expectations here. Perhaps, the most important of these factors is that AMD is likely to take a large chunk of Intel’s market share in the data center industry. Nonetheless, we’ll continue to follow the story closely and bring the news to you as it breaks!

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3D Systems Corporation DDD Stock News

3D Systems Corporation (NYSE: DDD) was off to a relatively rough day in the market today, spending most of the morning in the red. However, minutes ago, the stock quickly spiked into the green, and for good reason. A rumor surfaced, causing excitement among investors and prompting our friends at Trade Ideas to alert us to the gains. At the moment (10:34), DDD is trading at $18.14 per share after a gain of $0.13 per share or 0.72% thus far today.





DDD Gains On Takeover Rumors

As mentioned above, 3D Systems was off to a rough day in the market until minutes ago when the stock started to spike into the green. The gains are ultimately the result of rumors surrounding the company. Those rumors suggest that DDD will soon be taken over. However, like most rumors in the market, this one is overwhelmingly vague. The rumor is only that the company may soon be taken over, but doesn’t offer any information with regard to who the buyer might be nor what the price might be.




At the end of the day, this isn’t the first rumor we’ve seen in the market, and it sure isn’t going to be the last. The bottom line is that rumors happen all of the time, and very few of them ever prove to be valid. Considering the fact that this rumor is overwhelmingly vague and it’s seemingly impossible to track down the source, I would bet my bottom dollar that this is a false one. So, if you do plan on trading on this news, please be sure to do so with caution.

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on DDD. In particular, we’re interested in seeing if a takeover is indeed going to take place. While we don’t believe that there is any validity to the rumor, anything can happen in the market. Nonetheless, we’ll continue to follow the story and bring the news to you as it breaks!

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Himax Technologies, Inc. (ADR) HIMX Stock News

Himax Technologies, Inc. (ADR) (NASDAQ: HIMX) is having an incredibly rough time in the pre-market trading hours this morning, and for good reason. Early this morning, a highly trusted analyst downgraded the stock, suggesting a massive downside. Of course, this led to fear among investors, causing the stock to fall dramatically and prompting our partners at Trade Ideas to alert us to the losses. At the moment (9:12), HIMX is trading at $7.61 per share after a loss of $0.40 per share or 4.99% thus far today.





HIMX Falls On Oppenheimer Downgrade

As mentioned above, Himax Technologies is having an incredibly rough time in the market at the moment after news broke of a key downgrade. According to various reports, Oppenheimer has made the decision to downgrade the stock. Ultimately, the rating on the stock was cut to an underperform. However, that’s not the worst news.




The worst news comes by way of the price target. In cutting the rating on HIMX, Oppenheimer also cut the price target on the stock to $4 per share. Considering that last night’s closing price on the stock was $8.01, that’s a massive hit. In fact, it represents a downside of about 50.6% suggesting that in a relatively short period of time, HIMX will lose half of its value!

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What We’ll Be Watching For Ahead

Moving forward, the CNA Finance team will be keeping a close eye on HIMX. In particular, we’re interested in following the company to see if its sales and earnings reports are going to be so bad that investors push the stock to half of what it closed at yesterday in the coming year or so. Nonetheless, we’ll continue to follow the story closely and bring it to you as it breaks!

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Thought Leader Discussions

Gevo, Inc. GEVO Stock News

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Gevo, Inc. (NASDAQ: GEVO) Before we get into this interview, I'd like to extend a special thanks to my friend Joey who both set up the...