They used $10M in corporate buybacks and $1M of Mgmt buybacks, leaves $73M more and reduces shares outstanding by about 15M shares
BEIJING and DALLAS, Jan. 6, 2015 /PRNewswire/ -- NQ Mobile, Inc. ("NQ Mobile" or the "Company") (NQ), a leading global provider of mobile Internet services, today provided an update to its previously announced buyback program and management purchase commitment. Dr. Vincent Wenyong Shi, NQ Mobile's Chairman, Co-Founder and Acting Chief Financial Officer, along with other members of its senior management, established a 10b5-1 plan to purchase up to a total of approximately $4 million worth of ADSs in open market transactions. According to this plan established on December 31, 2014, a total of 239,500 ADSs were purchased on Monday January 5, 2015 at an average price of approximately $4.14 per ADS for a total amount of approximately $991,000.
Are you nuts? They aren't buying any calls, their buying puts by the truck load. Someone bought 3000 Jan 30 puts, 2400 Jan puts between $42.50 & $31
Baird analyst Brian Skorney reiterated an Outperform rating and $258 price target on Intercept Pharmaceuticals (NASDAQ: ICPT) saying an FDA authored hepatology articles provides a window into Phase 3 design.
"We're further encouraged on Intercept after the workshop manuscript from the joint meeting with the AASLD and FDA regarding endpoints in NASH trials was published in Hepatology," Skorney said. "We believe that the FDA is essentially acknowledging a path for approval in the article based on a surrogate that aligns well with the endpoint Intercept plans to target in a Phase 3 study."
For an analyst ratings summary and ratings history on Intercept Pharmaceuticals click here. For more ratings news on Intercept Pharmaceuticals click here.
You moron I shorted Line at $26 (3000 shares) cover in the pre market at $9.25 & $9.35 Was able to pick up 2000 shares of worthless LINE at $9 unloaded my 2000 shares at $11.35. Learn to trade fool! Traders make money investors get screw like you!
Jan 2 (Reuters) - Linn Energy LLC cut its 2015 capital budget by 53 percent to $730 million, joining other oil and gas producers in reducing expenditure in response to falling oil prices.
Linn also said it had reduced its distribution per unit and the dividend per share for subsidiary LinnCo to $1.25 each from $2.90 on an annualized basis.
Linn said it expected to fund its total 2015 oil and natural gas capital program, along with the distribution, from internally generated cash flow