Why Traders Are Keenly Watching Twitter, Zumiez, Idera, and More

Idera Pharmaceuticals Inc (NASDAQ:IDRA) shares have fallen by 13% in after-hours trading after the company announced a public offering of common stock of up to $50 million worth of shares. In connection with the offering, Idera also expects to grant underwriters a typical 30-day option to buy up to an additional 15% of the shares of common stock sold in the offering. Idera intends to use the proceeds for clinical development. Seven funds that we track owned shares of Idera Pharmaceuticals Inc (NASDAQ:IDRA) at the end of the second quarter, down by one quarter-over-quarter.

Yahoo! Inc. (NASDAQ:YHOO) and Verizon Communications Inc. (NYSE:VZ) are again in the spotlight after Yahoo’s former CEO Ross Levinsohn made the following comment concerning Verizon:

“If I were them, just from a business standpoint, I’d probably reserve a bunch of money against the deal or go back to Yahoo and ask for a discount.”

Whether that happens is anyone’s guess. It is also unclear whether the bidding might open up again for other parties if Verizon were to go back and ask for a change to the terms of the deal. Fortunately for Yahoo shareholders, most of the stock’s value is in Alibaba Group Holding Ltd (NYSE:BABA), which has been a steady performer of late.

81 funds in our database were long Yahoo! Inc. (NASDAQ:YHOO) on June 30, while 52 had shares of Verizon Communications Inc. (NYSE:VZ) in their portfolios.

Disclosure: None