Investors should not be concerned about the recent volatility in Square (SQ) stock, BTIG analyst Mark Palmer wrote in a research note on Monday. Square has not fared well thus far in the new year, dropping from a 13.09 closing price Dec. 31 to as low as 11 on Thursday. Square was up more than 3%, trading just shy of 12, as of early afternoon in the stock market today. Palmer wrote that last week’s decline of 13.6% was “excessive, even for a
SAN FRANCISCO — Celgene (CELG) was trading down Monday after the big biotech issued preliminary Q4 results and 2016 guidance that missed expectations, while also unveiling changes at the top of its management. At the annual JPMorgan Healthcare Conference in San Francisco, Celgene said that Q4 EPS totaled $1.18 a share, up 17% from the year-earlier quarter but missing analysts’ consensus by 9 cents, according to Thomson Reuters. Product sales
Is digital currency bitcoin in Netflix’s (NFLX) future as the Internet video streamer goes global? Netflix on Jan. 6 announced its expansion to 130 new countries, bringing its total to 190 countries worldwide. The same day, CFO David Wells brought up Bitcoin during a Q&A at a Citigroup investor conference in Las Vegas. Satellite broadcaster Dish Network (DISH), Dell, Expedia (EXPE) and Overstock.com (OSTK) are among U.S. companies that accept