Sticks and stones may break my bones, while an analyst’s rating will move a company, as can be witnessed by Verizon Communication’s (VZ) 2% uptick following Keybanc’s upgrade. Verizon made initial gains at the start of the year after Keybanc upgraded the company to ‘overweight,’ with a bright outlook for the fiscal year of [...]
Shares of Dish Network Corporation (DISH) dropped more than 22% Monday morning. The company delivered third-quarter earnings that shocked the market, posting an unexpected loss amidst dwindling subscribers. The pay-TV and wireless company reported a dramatic 9.5% drop in revenue, falling short of the expectation. Revenue of $3.70 billion was well below the FactSet [...]
Friday’s trading session was a frenzy for investors of US Cellular (USM), as the stock jumped more than 93% - from around $17/share to more than $33/share. That being said, it appears the hype has died down over the weekend. The stock is gradually headed back toward earth, down 4.5% so far this morning. [...]
