UPDATE: Piper Sandler Downgrades j2 Global Communications (JCOM) to Neutral
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j2 Global Communications (JCOM) PT Raised to $160 at DA Davidson on Spin-Off
April 20, 2021 4:09 PM EDTDA Davidson analyst Rishi Jaluria raised the price target on j2 Global Communications (NASDAQ: JCOM) to $160.00 (from $130.00) while maintaining a Buy rating after the company announced the spin-off of Consensus.
"While we do await more information on both businesses post-spin off, the... More
J2 Global (JCOM) Separation Unlocks $20 Per Share, Analyst Says
April 20, 2021 12:49 PM EDTWall Street analysts applauded a move by J2 Global (NASDAQ: JCOM) to separate the company into two independent publicly traded companies. One will maintain the J2 Global name and the other will be named Consensus.
Under the plan, the company will spin-off of at least 80.1% of the outstanding shares of Consensus common stock to J2 shareholders. The spin-off is expected to be finalized in the third quarter of this year.
J2 will continue its strategy of building a leading internet platform focused on... More
Pre-Open Stock Movers 04/20: (KSU) (FSR) (TDUP) Higher; (SPCE) (FUTU) (ZLAB) Lower (more...)
April 20, 2021 9:25 AM EDTToday's Pre-Open Stock Movers:
Kansas City Southern (NYSE: KSU) 16% HIGHER; competing bid from Canadian National
Fisker (NYSE: FSR) 10% HIGHER; new Buy rating at BofA
Virgin Galactic Holdings (NYSE: SPCE) 7.8% LOWER; Cathie Wood's ARK sells ~600K shares.
ThredUp Inc. (NASDAQ: TDUP) 7% HIGHER; new buys across Wall Street
After-Hours Stock Movers 04/19: (JCOM) (IBM) (TSLA) Higher; (FUTU) (ZLAB) (OVID) Lower (more...)
April 19, 2021 5:39 PM EDTToday's After-Hours Stock Movers:
Futu Holdings Limited (Nasdaq: FUTU) 6.4% LOWER; announced the commencement of the offering of 9,500,000 American depositary shares, each representing eight Class A ordinary shares of the Company.
Zai Lab Limited (NASDAQ: ZLAB) 5.7% LOWER; announced that it has commenced an underwritten public offering of $750,000,000 of American depositary shares (ADSs), each representing one ordinary share of the Company. All ADSs will be... More
J2 Global (JCOM) Halted on News Disseminated
April 19, 2021 4:01 PM EDTJ2 Global (NASDAQ: JCOM) Halted on News Disseminated
... MoreJ2 Global (JCOM) to Separate Into Two Leading Publicly Traded Companies
April 19, 2021 4:00 PM EDTJ2 Global, Inc. (NASDAQ: JCOM), a leading internet information and services company, today announced its plan to separate the company into two independent publicly traded companies J2 Global and Consensus through a spin-off of at least 80.1% of the outstanding shares of Consensus common stock to J2 shareholders. The separation is expected to be completed in the third quarter of 2021. Upon completion of the transaction, shareholders will own two category-leading independent public companies, each well positioned for long-term success and superior value creation. J2 will host a live audio webcast and conference call led... More