initial public offerings (IPOs) trading on American exchanges

Thursday, November 5, 2015

Expedia to acquire HomeAway (AWAY) for $3.9B


  • Expedia (EXPE) is buying HomeAway (AWAY) for $3.9 billion. in cash and stock. The move will make it easier for customers to access listings of private rooms, apartments, and homes for rent if they’re looking for an alternative to traditional hotel rooms on vacation.

BELLEVUE, Wash. and AUSTIN, Texas, Nov. 4, 2015 /PRNewswire/ -- Expedia, Inc., (NASDAQ: EXPE) and HomeAway, Inc., (NASDAQ: AWAY) announced today that they have entered into a definitive agreement under which Expedia has agreed to acquire HomeAway, including all of its brands, for an equity value of approximately $3.9 billion in cash and Expedia common stock, representing a per share price for HomeAway shares of $38.31, based on Expedia's closing price on November 3, 2015. Under the terms of the transaction, Expedia will offer to acquire each outstanding share of common stock of HomeAway in exchange for $10.15 in cash and 0.2065 of a share of Expedia common stock.







Wednesday, November 4, 2015

Tesla Motors (TSLA) reported earnings on Tue 3 Nov 2015 (after close)

** charts before earnings **



** charts after earnings **




Tesla Motors Q3 earnings: co lowered delivery guidance, as expected; demand remains strong; Gigafactory ahead of schedule :
  • Q3 financials were roughly in-line.
  • Co lowered FY15 deliveries for the second quarter in a row (to 50-52K from 50-55K), as many had anticipated, due to supplier capacity constraints in ramping production for the Model X SUV.
  • Q4 deliveries are expected to grow 55% QoQ.
  • Tesla expects the supply headwinds to abate and reaffirmed 1600-1800 production and deliveries for the Model S and X in 2016.
  • Since the Model X launch event, order rates have accelerated for both Model S and Model X.
  • Co also said there is strong demand for its Tesla Energy products.
  • Perhaps most importantly, the co is ahead of schedule on the Gigafactotry.
    • Recall that the gigafactory will enable Tesla to produce a mass market Model 3 at scale.
  • Tesla will unveil the design for the Model 3 in late March, 2016.
  • Sentiment on the stock had grown negative due to the Model X production issues and a general conservative view on the co's lofty goals.
  • The $230 area offered resistance in the after hours; the $210 area has provided recent support... 23% of the float is sold short.

since IPO in 2010, monthly chart

Inovalon (INOV) reported earnings on Wed 4 Nov 2015 (a/h)

** charts 2 days after earnings **


  




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