Tag: brokerswatch
Shares of Cano Health Inc. CANO, +15.87%, which provides primary care to seniors, soared 17.6% in trading on Monday, while shares of Oak Street Health Inc. OSH, +4.59%, another medical provider for people covered by Medicare, jumped 3.5%. Amazon Inc. AMZN, -3.09%, CVS Health Corp. CVS, -1.49%, and UnitedHealth Group UNH, -0.51% are reportedly in […]
Shares of Foot Locker Inc. FL, -2.50% fell back by 1.3% in premarket trades on Monday, after a 20% jump in the previous session on plans by the company to hire Mary Dillon, the former CEO of Ulta Beauty Inc. ULTA, -1.65%, as its chief executive officer starting on Sept. 1. Following the news, Morgan […]
Adidas ADS, -5.21% in a brief statement said that CEO Kasper Rorsted will leave next year. The company said the decision was made mutually by Rorsted and the board. He will stay on until a successor has been appointed. Adidas shares fell 3% in Frankfurt and have dropped 37% this year.
SNDL Inc. sbdl said Monday it will acquire Valens Co. Inc. VLNS, -5.51% VLNS, -5.60% in an all-stock deal valued at C$138 million ($105.9 million). SNDL will pay 0.3334 shares of its stock for each share of Valens, the company said. The deal implies a value of C$1.26 per Valens shares, a premium of 32.6% […]
S&P Global Ratings downgraded Bed Bath & Beyond’s credit rating further into junk territory on Monday, and said the outlook is negative, meaning it could downgrade again in the near term. The agency cut its rating to CCC from B-minus as the retailer faces growing challenges, including poor sales, shrinking liquidity and looming debt maturities. […]
EBay Inc. EBAY, -2.67% plans to acquire TCGplayer, an online marketplace for collectible trading card games, in a deal valued at up to $295 million, the company said Monday. “This acquisition complements eBay’s focus category strategy and furthers the company’s commitment to trading card enthusiasts – providing eBay with strategic omnichannel capabilities like order fulfillment […]
U.S. stocks opened lower Monday, extending last week’s decline, as investors reassess the market’s recent rally ahead of Federal Reserve Chair Jerome Powell’s speech in Jackson Hole, Wyo. on Friday. The Dow Jones Industrial Average DJIA, -1.47% was trading down 1.1% soon after the opening bell, while the S&P 500 SPX, -1.79% fell 1.3% and […]
Computer Services Inc. CSI, shares rallied 45% in pre-market trades Monday after the company agreed to be taken private for $58 a share in a deal valued at $1.6 billion by buyers Centerbridge Partners, L.P. and Bridgeport Partners. The $58-per-share price values Paducah, Ky.-based Computer Services at a 53% premium over its closing level of […]
Shares of Signify Health Inc. SGFY, -2.44% rose 37% in premarket trade Monday, after the Wall Street Journal said that Amazon.com Inc. AMZN, -2.86% is among the bidders for the the home-health services provider. Signify is for sale in an auction that could value it at more than $8 billion, the paper reported, citing people […]
The outlook for Bed Bath & Beyond Inc. BBBY, -40.54% is deteriorating and it may require a major overhaul of its business, Wedbush analysts wrote on Monday. The stock, which they rate as underperform, was down another 11% in premarket trade and the analysts said a Bloomberg report from last week that the company has […]
