May 29, 2012 |
The bears are out on Facebook Inc. The social networking giant's stock price closed down $3.07, or nearly 10%, to $28.84 on Tuesday. The precipitous drop began when Facebook went public May 18; since then shares have fallen 24%. Since the IPO, Chief Executive Mark Zuckerberg has watched his business endure technical problems on the Nasdaq exchange and skepticism from analysts, many of whom believe the stock was overpriced and...
May 18, 2012 |
Investors who missed out on Facebook's initial shares have another option, literally. The Chicago Board Options Exchange will start listing option contracts on the social-media giant May 29, according to specialist firm Susquehanna Investment Group. The company's options are expected to be among the most heavily traded and volatile in the market. This approach allows investors who missed out on the initial trading to pick and choose prices in the options market. An option that gives the investor the right to buy the stock at a specific price is termed a call.
June 16, 2010 |
With Maicer Izturis on the disabled list and Erick Aybar possibly to follow, the Angels concede they might need to acquire a shortstop via trade or free agency. "Hopefully, our injury situation isn't long-term," General Manager Tony Reagins said. "If it is, you'd probably have to look outside the organization." Reagins said he has gotten "encouraging reports" on Aybar, who injured his left knee Monday. The Angels said Aybar had "meniscal damage" but would not say whether the cartilage was torn or whether the injury would require surgery.
November 8, 2007 |
The Nasdaq Stock Market's agreement to acquire the Philadelphia Stock Exchange for $652 million in cash gives the largest U.S. electronic stock market a foothold in the fast-growing options market. The deal, unveiled Wednesday, comes as many of the world's exchanges are succumbing to a wave of consolidation aimed at boosting market share and protecting profits as competition mounts from electronic upstarts.
May 2, 2007 |
Trading in options to buy shares of Dow Jones & Co. surged to an 18-month high Monday, indicating that word of News Corp.'s $5-billion bid for the company may have leaked in advance of Tuesday's announcement. "Somebody knew this deal was coming," said Jon Najarian, co-founder of OptionMonster.com, a Chicago-based provider of financial data on unusual trading. "I don't think there's any such thing as coincidences on Wall Street."
January 29, 2005 |
Unusual buying activity of bullish options on Gillette Co. ahead of its pending purchase by Procter & Gamble Co. is raising eyebrows among some options market players. Some traders appear to have won the jackpot on the first news of the planned merger of the consumer product giants, which trickled out Thursday evening. Before the announcement, some lucky players appeared to have bought Gillette's February call options, giving them the right to buy what is now a $51 stock for $45.