Today’s Research Reports on Stocks to Watch: Costco Wholesale and Helios and Matheson Analytics
NEW YORK, NY / ACCESSWIRE / December 14, 2017 / Shares of Costco had a modest close in the green yesterday. The company has teamed up with MoviePass, the brainchild of Netflix former executive Mitch Lowe, and Fandor to offer Costco members a special one-year plan priced at $89.99. Shares of Helios and Matheson, which has a majority stake in MoviePass, crumbled yesterday after announcing a dilutive equity offering.
RDI Initiates Coverage on:
Costco Wholesale Corporation
http://www.rdinvesting.com/report/?ticker=COST
Helios and Matheson Analytics Inc.
http://www.rdinvesting.com/report/?ticker=HMNY
Costco Wholesale Corporation shares closed down a modest 0.01% on Wednesday with a little over 3 million shares traded. Costco will be offering members MoviePass and streaming Fandor service for just $89.99 a year on December 12th through the 18th. MoviePass and Fandor are partnering with Costco to offer the special one-year plan at that price. The companies stated, "Those who sign up for the one-year subscriptions will receive digital codes providing instant access to Fandor's library of over 5,000 films, as well as a year's worth of the latest and greatest in-theater experiences through MoviePass." MoviePass has over 600,000 subscribers since it launched a $9.95 a month plan this past August. The company is owned in majority by Helios and Matheson Analytics Inc. and was founded by Mitch Lowe who was a former founding executive at Netflix. The company is aiming for an IPO next year.
Access RDI's Costco Wholesale Corporation Research Report at:
http://www.rdinvesting.com/report/?ticker=COST
Helios and Matheson Analytics Inc. shares closed down 32.64% on Wednesday with nearly 22 million shares traded. The stock was one of the biggest decliners on the NASDAQ yesterday after the company announced that it has agreed to sell 8,261,539 Series A units, with each Series A Unit consisting of (i) one share of the Company's common stock, par value $0.01 per share, and (ii) one Series A Warrant to purchase one share of Common Stock. Helios will also be selling 969,230 Series B units, with each Series B Unit consisting of (i) one pre-funded Series B Warrant to purchase one share of Common Stock and (ii) one Series A Warrant. The company confirmed on Tuesday that it is selling the shares to raise funds for increasing its stake in MoviePass. The units offered at $6.50 each are 35% lower than what the stock's closing price was on Tuesday and traders didn't seem thrilled with the news.
Access RDI's Helios and Matheson Analytics Inc. Research Report at:
http://www.rdinvesting.com/report/?ticker=HMNY
Our Actionable Research on Costco Wholesale Corporation (NASDAQ: COST) and Helios and Matheson Analytics Inc. (NASDAQ: HMNY) can be downloaded free of charge at Research Driven Investing.
Research Driven Investing
We are committed to providing relevant and actionable information for the self-directed investor. Our research is reputed for being a leader in trusted, in-depth analysis vital for informed strategic trading decisions. The nimble investor can leverage our analysis and collective expertise to execute a disciplined approach to stock selection.
RDInvesting has not been compensated; directly or indirectly; for producing or publishing this document.
Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.
CONTACT
For any questions, inquiries, or comments reach out to us directly at:
Address:
Research Driven Investing, Unit #901 511 Avenue of the Americas, New York, NY, 10011
Email:
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: RDInvesting.com
