Author Archives: Scalper1

Fitbit takes ill as secondary stock offer cuts value

Fitbit (FIT) took a sick day Friday, with its shares falling to their lowest level since the company’s IPO in June. Fitbit stock has been hammered since it announced plans for a secondary stock offering last week. But it tumbled on the stock market today after it priced those shares at $29, which is 8% below Thursday’s close and 24% lower than where it traded just a week ago. Fitbit, a maker of activity trackers and fitness bands, reduced its own

Sunrun Mixed Q3 Shines Light On Shadowed SunEdison

Sunrun (RUN) stock lifted hard-pressed SunEdison (SUNE) Friday, after newbie-IPO Sunrun late Thursday reported a Q3 loss nearing the black and a 47% year-over-year jump in sales. In afternoon trading Friday, Sunrun stock was up nearly 10%. Earlier, shares rose as much as 21%. SunEdison stock reversed a four-day downtrend to rise as much as 14% in the stock market today. In afternoon trading, SunEdison stock was up 9%. Shares of SunEdison plunged

Applied Materials Dodges M&A Bets Amid KLA-Lam Union

Lam Research (LRCX) and KLA-Tencor’s (KLAC) impending marriage left little “attractive or sizable” in the dating ring for Applied Materials (AMAT), one analyst suggested late Thursday after the No. 1 chip gear-maker reported mixed Q4 earnings. But, investor relief led Applied Materials stock to jump Friday. In midday trading on the stock market today, shares were up 5% near 17.50. For its fiscal Q4 ended Oct. 25, Applied Materials reported $2.37