Behind Scenes Activity at TLAB; long silence from management
MINYANVILLE ORIGINAL The three most active funds and stocks in pre-market trading on the Nasdaq (INDEXNASDAQ:.IXIC) were Research In Motion (NASDAQ:RIMM), Facebook (NASDAQ:FB), and Tellabs (NASDAQ:TLAB) as of 8:50 a.m. EST.
Agree; why is large Investment firm like Goldman Sachs following a small minow like TLAB; there must be options being discussed ? See this dated post before Christmas Holiday
UPDATE: Goldman Sachs Cuts PT to $2.60 on Tellabs on Special Dividend
11:42a ET December 24, 2012 (Benzinga) Goldman Sachs reiterated its Neutral rating on Tellabs (NASDAQ: TLAB) and lowered its price target from $3.50 to $2.60.
Goldman Sachs commented, "We lower our 12-month price target to $2.60 from $3.50 to reflect the payment of the $1.00 special dividend on December 21. Tellabs' shares trade ex-distribution on December 24 (one trading day after the Dec 21 payable date) because the dividend is greater than 25% of the company value according to FINRA Rule 11140."