Altaba announced in June that it had repurchased approximately 64.5 million common shares, or approximately 6.7% of the Company's issued and outstanding shares, for $3.4 billion in a modified "Dutch auction" self-tender offer. The authorization being announced today marks the next stage of the Company’s program to return cash to its shareholders.
"We have...
Goldman Sachs analyst Fan Liu started YY with a Buy rating and $101 price target, saying it is expected that the early pioneer in live streaming can sustain its leadership position.
Bullish option flow detected in YY with 1,761 calls trading, 3x expected, and implied vol increasing over 2 points to 43.16%. 9/22 weekly 65 calls and Sep-17 85 calls are the most...
Battleground: Morgan sticks by Ambarella after guidance cut, two downgrades The shares of Ambarella (AMBA) are tumbling after the chip maker reported stronger than expected quarterly results but cut its guidance. Two research firms, Craig-Hallum and Roth Capital, downgraded the stock on the heels of the report, but Morgan Stanley remained upbeat on the company's...
