Five9 To Replace Two Harbors Investment In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Monday, August 3

Shares of enterprise application software are trading higher amid sympathy with Salesforce after the company reported Q2 financial results.

Wells Fargo Maintains Equal-Weight on Five9, Raises Price Target to $32

Wells Fargo analyst Ryan Macwilliams maintains Five9 (NASDAQ:FIVN) with a Equal-Weight and raises the price target from $24 to $32.

Canaccord Genuity Maintains Buy on Five9, Raises Price Target to $39

Canaccord Genuity analyst David Hynes maintains Five9 (NASDAQ:FIVN) with a Buy and raises the price target from $33 to $39.

Shares of software companies are trading higher, possibly amid broader market strength as promising economic data and easing oil prices reduce rate-hike concerns. Reports suggesting Silver Lake is in talks to acquire Workday may be lifting related peers.

Two Harbors Investment Receives Final Regulatory Approval For Merger With CrossCountry Mortgage; Merger Expected To Close On August 25

TWO ((Two Harbors Investment Corp., NYSE:TWO), an MSR-focused REIT, today announced that it has received the final regulatory approval for its previously announced merger with CrossCountry Mortgage, LLC ("CCM").

A $1.3 Billion Mortgage Deal Went Wrong. Now UWM Wants $500 Million From Two Harbors.

UWM sues Two Harbors for over $500M after a failed deal led to a $603M hedge-related loss.