Market News, $FB Facebook shares slide after reports of data misuse – Reuters, and More | $AMZN, $CDTX, $CSIQ, $HL, $TSLA, $BABA, $AAPL, $BPY

PRE-MARKET MOVERS

1. HL, KLDX:  $KLDX Hecla Mining $HL Announces $462M Acquisition of Klondex Mines Ltd. – SI

2. CLRB:  $CLRB Cellectar Biosciences Granted Orphan Drug Designation for CLR 131 to Treat Neuroblastoma – GN

3. KLAC, ORBK:  $ORBK KLA-Tencor $KLAC to acquire Orbotech in deal with equity value of about $3.4 billion – MW

4. BCS:  $BCS Barclays in Activist Crosshairs as Bramson Takes 5.2% Stake -BBG

5. CSIQ:  $CSIQ Canadian Solar Reports Fourth Quarter and Full Year 2017 Results – PRN

6. BPY, GGP:  $GGP Brookfield Property $BPY submits new offer for mall owner GGP – sources – Reuters

7. CACI, CSRA, GD:  $CSRA CACI $CACI Makes Bid for CSRA, Seeking to Break Up General Dynamics Deal $GD – WSJ

8. AAPL, OLED, SYNA:  $AAPL Apple Is Secretly Developing Its Own Screens for the First Time – BBG $OLED -5% $SYNA -3%

9. XLNX:  $XLNX New flexible computer chips could rewire an AI near you – CNet

10. BABA:  $BABA Alibaba doubles Lazada investment to $4B in aggressive Southeast Asian expansion – Reuters

11. AMZN:  $AMZN Amazon Sellers Seek More Clout With New ‘Merchants Guild’ – BBG

12. FB:  $FB Facebook shares slide after reports of data misuse – Reuters

13. FB:  $FB Mark Zuckerberg Told to ‘Stop Hiding Behind his Facebook Page’ After Reports of Data Breach – TIME

14. CDTX:  $CDTX Cidara Reports Positive Topline Results from Ph 2 STRIVE Trial of Lead Antifungal Rezafungin

UPGRADES

DOWNGRADES

Educational Tip of the Day (SOURCE: NASDAQ.com):

Narrowing the spread: Reducing the difference between the bid and ask prices of a security

Narrow market: An inactive market, which displays large fluctuations in prices due to a low volume of trading.

Odd lot: A trading order for less than 100 shares of stock. 

Round lot: Trading order typically of 100 shares of a stock or some multiple of 100.

Odd-lot theory: Theory that profits can be made by making trades contrary to odd-lot trading patterns, since odd-lot investors have poor timing.

Odd-Lot Buy Back: An offer made by the corporation or its agent to purchase shares from odd-lot shareholders

Odd-lot dealer: A broker who combines odd lots of securities from multiple buy or sell orders into round lots and executes transactions in those round lots.

Odd-lot short-sale ratio: The percentage of total odd-lot sales that is composed of short sales.

Odd-Lot Resale: An offer made by the corporation or its agent to purchase shares from odd-lot shareholders and immediately resell them in the market, usually in round-lots to institutions, thus saving the corporation the expense of merely buying shares back.

EARNINGS

Trending Social Alerts

Trending News Headlines

Amazon’s experimental lab, known internally as 1492 or Grand Challenge, has hired Taha Kass-Hout, former FDA Chief Health Informatics Officer.

The European Union has agreed on the broad terms of Britain’s two-year transition deal after leaving the bloc in March 2019, according to an EU official familiar with the discussions, but Ireland remains “an issue.”