With GoPro (GPRO) stock down hard in recent months, chatter is growing that the action camera maker could be an acquisition target. GoPro stock rose 3.5% to close at 17.91 on the stock market today and climbed fractionally after hours, as speculation swirls about a possible buyout of the San Mateo, Calif.-based firm. However, analysts are divided over whether such a deal could happen. FBR analyst Daniel Ives started the chatter in a report
Pandora Media inked its second licensing deal in a week just in advance of an expected decision from the Copyright Royalty Board rate-setting group. Pandora announced on Tuesday that it reached a multi-year licensing arrangement with Warner/Chappell Music, the publishing arm of major label Warner Music Group. With that news out, Pandora stock rose 4.9% in the stock market today, closing at 13.06. “This direct publishing deal creates business
Soap is a defensive investment play, so it’s no surprise the group is working up a lather as the market falters. Six weeks ago, the Soap & Cleaning Preparations industry group was No. 70 among 197 industry groups. As of Tuesday’s IBD, the group was No. 37. Five stocks make up the group, but only three are liquid enough to arguably be of institutional quality. Ecolab (ECL), one of the remaining three, is still well below its 50-day moving average,