NVDA surged over 10% on Monday after it was announced that AMD was going to be buying ATI for $5.4 billion dollars. This led to speculation that NVDA may be a possible buyout target as well sometime in the future, though NVDA management came out and stated that they have no current intentions of merging […]
MRGE was hit with so much bad news on Monday, it’s hard to know where to start. First off, the stock itself was down over 40%. Second, the company said that they will have to restate their financial reports from 2002 through 2005 after an investigation turned up improper accounting. Third, the company announced the […]
LVLT followed other stocks in its sector on Monday, trading down over 5% to close at $4.18 in a holiday shortened session. Volume was fairly light due to the half day of trading, with 13 million shares of the stock changing hands, compared to a normal daily average of just over 27 million shares traded. […]
Actually, the title of this article should have been, MICC down on lack of merger news. Back in January, the company soared after it said that it was conducting a strategic review after it said that it had received a “high number” of unsolicited offers. Since then, the company said that it had been conducting […]