Market Movers, June.12

Thinly traded MagnaChip Semiconductor Provides Updated Guidance for Q2 2019 Financial Results, up 26% on 1100 shares traded as of 6:21am Click image for full report

6:32am, Dow down 67 points, media following up with their typical negative headlines

Oil down 2.6%  6:42am

Mortgage rates drop to the lowest levels in 2 years, applications up 27%, CNBC reports

Dave & Buster’s announces Q1 earnings, down 20%, 7:05am on disappointing sales numbers and weak guidance
-Comparable store sales decreased .3%, compared to a decrease of 4.9% in the comparable period last year.  The decrease was driven by a 0.6% decline in walk-in sales, though special events sales were up 3.0%.
-Operating income decreased 1.5% to $57.7 million in the first quarter of 2019 from $58.6 million in the first quarter of 2018.
-Opened seven new stores
Read full report

8:29am, BLIN up 20% on 500k shares traded after the announcement “that since it acquired the Celebros Search product, seven new eCommerce brands have selected Celebros Search by Bridgeline to power their customer search and merchandising experiences”.  link

 

8:43am Veritone down 35%, nobody seems to know what is happening yet.

Most recent press release, dated yesterday.

“Veritone® Unveils Veritone Illuminate™ to Accelerate Early Case Assessment of Unstructured Data for Legal and Law Enforcement Investigative Teams

06.11.2019 link
Ownership Structure

Banta Asset Management added 1% to their position on May.31st

Dow Futures down 57 points.  Nothing moving right now.  Everybody is probably waiting to see what happens when the market opens at 9:00am.  Feels eerily quiet

Dow turns green, up 21.65 points  9:38am

 

 

 

 

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