GoPro partner 'ridiculous'; American gains altitude; Martha Stewart sold
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
Martha Stewart Living Omnimedia
After spiking last week, shares of Martha Stewart Living Omnimedia (MSO) came way back down. Sequential Brands will acquire the company for $353 million or $6.15 a share. That's about 12% lower than Friday's closing price. But this comes off the stock's big rally on the Wall Street Journal's report that a deal was imminent. Under the terms of the deal, Martha Stewart will serve as Chief Creative Office
Airline Stocks
American Airlines gained altitude. Shares of the top four airline stocks rose after Barron's said they could rise 15% to 50%. The report cited falling fuel costs and lack of competition as tailwinds for American (AAL), Delta (DAL), United Continental (UAL) and Southwest (LUV) airlines.
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Ambarella
Ambarella (AMBA) got hit for the second straight day. The chip maker is down double digits after dropping almost 7% on Friday. The slide follows a bearish call from a short-selling firm. Citron Research called the stock price of GoPro's (GPRO) key partner "ridiculous" and slashed its price target to $60 a share, almost 50% below where the stock last closed.