Tag Archives: bad-request

Fitbit IPO Interest Reaches Investor ‘Pandemonium’

Investor interest in the upcoming Fitbit (FIT) initial public offering is soaring, reaching a level that one underwriter reportedly referred to as “pandemonium.” Fitbit, the leading maker of wearable health and fitness tracking devices, plans to raise about $448.5 million by offering 29.9 million shares at 14 to 16. The price range is likely to be raised by Tuesday, said Scott Sweet, senior managing partner at research firm IPOboutique.com. Sweet,

Bluebird Bio Gets Wall Street Love For Drug Results

Biotech Bluebird Bio (BLUE) got multiple price-target increases Monday in the wake of new data on its cell therapy released over the weekend, and also announced a new chief scientific officer. Bluebird Bio stock, however, was down a fraction in afternoon trading Monday amid a larger market selloff. BMO Capital Markets and Bank of America both hiked their price targets to near 240 in light of Bluebird’s report over the weekend that a patient with

Apple iPhone trade-in program gains traction in China

Apple’s (AAPL) new iPhone trade-in program for China has gained traction in the low to midrange market, pressuring local makers of Google (GOOGL) Android mobile phones. Apple launched the iPhone trade-in program in early April, partnering with Taiwan-based Hon Hai’s Foxconn Technology. Apple’s U.S. trade-in program started in mid-2013 prior to the release of the iPhone 5. The program let iPhone users trade in devices for gift card credit toward the purchase of a new iPhone. In China’s iPhone trade-in program, Foxconn refurbishes the iPhones and distributes them on secondary markets. In a research report Monday, Morgan Stanley analysts Joseph Moore and Katy Huberty said the trade-in program is helping boost iPhone 6 sales and is affecting the lower-priced Android market. “Most suppliers expect seasonal quarter-over-quarter growth for total iPhones in the September quarter, which could imply another quarter of at least 40% year-over-year growth,” said the Morgan Stanley analysts…