Momentum Stocks

Roku Adding Premium Subscription Services to Bolster Entertainment Offerings

Roku Adding Premium Subscription Services to Bolster Entertainment Offerings

Roku (ROKU) plans to add premium subscriptions to content providers including CBS’s (CBS) Showtime and Starz from Lionsgate (LGF.A, LGF.B) to its Roku Channel service, the company said on Wednesday. The subscriptions can be accessed with a free trial and then managed with a single bill, the streaming service said in a statement. Availability of the premium offerings will begin […]

Digital Data Consumption Rises 13% Annually as Google Wins, Facebook Loses, Pivotal Says

Digital Data Consumption Rises 13% Annually as Google Wins, Facebook Loses, Pivotal Says

Consumption of digital content on PCs, tables and mobile handsets increase 13% year-over-year, in line with growth observed earlier this year, Pivotal Research analysts said, citing data from Nielsen. The data is positive for Google (GOOG) but negative for Facebook (FB), the firm said. “Looking at specific media owners we can see a continuing shift of share in consumption trends […]

Opiant Pharma, Consort Medical to Manufacture OPNT003 for Treatment of Opioid Overdose

Opiant Pharma, Consort Medical to Manufacture OPNT003 for Treatment of Opioid Overdose

Opiant Pharmaceuticals (OPNT), a specialty pharmaceutical company, and Consort Medical, a contract development and manufacturing organization, unveiled on Monday a development and manufacturing agreement for Opiant’s OPNT003 (intranasal nalmefene), a potent, long-acting opioid antagonist for the treatment of opioid overdose. Under the agreement, Aesica and Bespak, units of Consort, will work with Opiant to produce a pre-filled delivery nasal spray […]

Cedar Fair Sees Revenue Gains Through Labor Day But Downbeat First Half Cuts Guidance

Cedar Fair Sees Revenue Gains Through Labor Day But Downbeat First Half Cuts Guidance

Cedar Fair Entertainment (FUN) reported gains in net revenue for the five weeks through the key Labor Day holiday weekend as attendance and in-park spending inched ahead even as disappointing first-half results brought a lowered outlook for the full year. The Sandusky, Ohio-based operator of theme parks including Canada’s Wonderland, Knott’s Berry Farm and California’s Great America said preliminary net […]

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Histogenics Says Phase 3 Trial of NeoCart Failed to Meet Primary Endpoint

Shares of Histogenics (HSGX), a clinical-stage company focused on the development of restorative cell therapies, fell nearly 64% in pre-market trading Wednesday after the company said its phase 3 trial of NeoCart failed to meet the primary endpoint of a statistically significant improvement in pain and function in a dual threshold responder analysis one year after treatment as compared to […]

Coupa Software Surges as Second Quarter Profit Surprises Investors

Coupa Software Surges as Second Quarter Profit Surprises Investors

Shares in Coupa Software (COUP) traded sharply higher early Wednesday after the company surprised investors by swinging to a profit in its fiscal second quarter, and as earnings and sales forecasts for the third quarter beat analysts’ estimates. Underpinned by strong growth in subscription revenues, group turnover surged by 38% to $61.7 million during the three months that ended July […]

Helios and Matheson Crumbles To Record Low on Q2 Loss

Shares of Helios and Matheson Analytics (HMNY), the parent company of MoviePass, fell to a new all-time low of $0.03 in early Wednesday trading following the release of disappointing Q2 results in which the company said it has “substantial doubt” it can continue as a going concern. “Without raising additional capital, there is substantial doubt about the Company’s ability to […]

Tribune Media May Review Assets, Make Acquisitions in Wake of Sinclair Deal Failure

Tribune Media (TRCO) could still explore a strategic review of some of its assets and start making acquisitions soon after killing its attempt to merge with Sinclair Broadcast Group (SBGI), S&P Global Ratings said on Wednesday. The agency raised its outlook on the Chicago-based broadcast and digital content company to stable from negative, while affirming its BB- issuer credit rating […]

CURO Group Holdings’ Price Target From Janney Boosted to $36 From $33

CURO Group Holdings’ Price Target From Janney Boosted to $36 From $33

CURO Group Holdings (CURO) received an increase to its price target Tuesday from Janney Montgomery Scott following the short-term credit provider’s late-Monday pricing of $690 million in senior secured notes, upsized from its previous plan to offer $675 million of the notes. Janney’s new price target on the stock is $36 per share, up from $33. This brings the target […]