BATON ROUGE, La., March 22, 2017 (GLOBE NEWSWIRE) — Investar Holding Corporation (“Investar”) (Nasdaq:ISTR), the parent holding company of Investar Bank, today announced the closing of its underwritten public offering of 1,623,530 shares of its common stock at a price to the public of $21.25 per share, including 211,765 shares of common stock issued upon the exercise of the underwriters’ purchase option. Sandler O’Neill + Partners, L.P. served as the sole book-running manager for the offering, Raymond James & Associates, Inc. served as lead manager, and Hovde Group, LLC and Piper Jaffray served as co-managers. Investa...
After the sharpest stock market correction of the year, which took place in yesterday’s trading session, it is time to review the bearish case. One day is not making a market, but the drop was important enough to consider it as a potential first bearish signal. Coincidentally, we see a double top pattern in one of the market darlings: Amazon. The stock price of Amazon has risen last October to the upper area of its very long term trend channel ($850). That was certainly a first sign that Amazon was topping at that price area. As seen on the chart, Amazon’s stock price came down to $680 in November, a 20 percent drop. Since then, prices...
After the sharpest stock market correction of the year, which took place in yesterday’s trading session, it is time to review the bearish case. One day is not making a market, but the drop was important enough to consider it as a potential first bearish signal. Coincidentally, we see a double top pattern in one of the market darlings: Amazon. The stock price of Amazon has risen last October to the upper area of its very long term trend channel ($850). That was certainly a first sign that Amazon was topping at that price area. As seen on the chart, Amazon’s stock price came down to $680 in November, a 20 percent drop. Since then, prices...
Why aren’t there more homes for sale? The lack of inventory continues to stifle the real estate market, but there aren’t any good reasons offered for what seems on the surface a bit of a paradox. The total volume of resales, according to the National Association of Realtors, was in the prior month (January 2017) the highest in more than a decade. That sounds good, but in reality it is less striking than it is made out to be and was more of an aberration than indicative of a healthy market. The volume of home sales fell sharply in February to a level more consistent with the past few years. There is clearly something amiss, though almost e...
Why aren’t there more homes for sale? The lack of inventory continues to stifle the real estate market, but there aren’t any good reasons offered for what seems on the surface a bit of a paradox. The total volume of resales, according to the National Association of Realtors, was in the prior month (January 2017) the highest in more than a decade. That sounds good, but in reality it is less striking than it is made out to be and was more of an aberration than indicative of a healthy market. The volume of home sales fell sharply in February to a level more consistent with the past few years. There is clearly something amiss, though almost e...
Everspin Technologies (Nasdaq:MRAM) – Sell or Short Recommendation The 180-day lockup period for Everspin Technologies is set to expire on April 5, 2017. At that time, its pre-IPO insiders will be allowed to offer their 7,492,015 shares, which could flood the market and have a depressing effect on the stock’s value. (Source: SEC Filings/Shares Eligible For Future Sale) We previously highlighted the event on our IPO Insights platform. Everspin has a whopping eight firms and fifteen individuals holding pre-IPO shares. If even a portion of these insiders decides to sell, the event could significantly depress MRAM’s share p...
Everspin Technologies (Nasdaq:MRAM) – Sell or Short Recommendation The 180-day lockup period for Everspin Technologies is set to expire on April 5, 2017. At that time, its pre-IPO insiders will be allowed to offer their 7,492,015 shares, which could flood the market and have a depressing effect on the stock’s value. (Source: SEC Filings/Shares Eligible For Future Sale) We previously highlighted the event on our IPO Insights platform. Everspin has a whopping eight firms and fifteen individuals holding pre-IPO shares. If even a portion of these insiders decides to sell, the event could significantly depress MRAM’s share p...
Written by StockNews.com Cintas Corporation (Nasdaq: CTAS) late Wednesday [Mar 22, 2017 | 4:16pm] posted market-beating fiscal third quarter earnings results and provided an update on its big acquisition of G&L Services, which was completed yesterday. The Cincinnati-based uniform and business services provider reported Q3 earnings per share (EPS) of $1.11, which was $0.04 better than the Wall Street consensus estimate of $1.07. Revenues rose 5.3% from last year to $1.28 billion, matching analysts’ view for $1.28 billion. The company commented on its recent acquisition and actually pulled its earnings guidance for the remainder of the ...
Written by StockNews.com Cintas Corporation (Nasdaq: CTAS) late Wednesday [Mar 22, 2017 | 4:16pm] posted market-beating fiscal third quarter earnings results and provided an update on its big acquisition of G&L Services, which was completed yesterday. The Cincinnati-based uniform and business services provider reported Q3 earnings per share (EPS) of $1.11, which was $0.04 better than the Wall Street consensus estimate of $1.07. Revenues rose 5.3% from last year to $1.28 billion, matching analysts’ view for $1.28 billion. The company commented on its recent acquisition and actually pulled its earnings guidance for the remainder of the ...
The stock market finally fell 1% on Tuesday as all the major averages plummeted. As you can see in the chart below, the streak without a 1% decline in a day made it to the top 10 longest in history. There was only one streak in the 1990s which was longer than this streak which is impressive because I consider the 1990s rally to be the greatest in market history. I have been discussing the idea that earnings and fiscal policy will have to drive the market higher now that the Fed isn’t supporting it with zero percent interest rates. Because these are what will drive the market, it is reasonable for me to conclude they were a factor in the sel...