Diamonds and Dogs
Voltari Corporation (VLTC)
Voltari is up again today following its strong day yesterday. The ad company is up $2.44 or 42.49% for the day. This extreme price jump comes from a majority shareholder, Carl Icahn announcing that he is still long, sitting at more than a 52% stake in the company. Voltari is an ad targeting company, specializing in mobile ad targeting, and providing marketing services to various Fortune 500 companies.
Swift Energy (SFY)
Swift Energy is down again, today with a $0.27 (23.32%) drop. The energy company was downgraded to "sector weight" from "overweight" by KeyBanc Capital Markets on Monday based on a valuation call. The company readjusted its oil and gas estimates for 2015 and 2016 due to decreased demand from China and Europe. This falls on top of the news today that the company withdrew its loan deal. The proposed deal asked for $640 million to boost liquidity at the oil and gas explorer, but, citing poor market conditions, Swift Energy pulled the loan deal.
Diamonds and Dogs market commentary is a journal of daily observations on anything that happens to be of interest to our author. Obviously, our primary focus is the stock market and world economic events, but for this page we have no defined topics. We want this page to be dedicated to the interests, concerns, and possibly to the financial gain of our clients and friends. All comments contained herein are for informational purposes only, and should not be considered as a solicitation to buy or sell any security. The firm does not guarantee the accuracy or completeness of the information or make any warranties regarding results from it's usage.