Shares of WeWork (WE) have been in a complete free-fall for the past year and it’s only getting worse. The stock has fallen more than 22% in Tuesday morning’s trading session after the company decided to forego bond interest rate payments despite having the means. The company is withholding $37.3 million in cash and [...]
It’s been a tumultuous 48 hours for WeWork (WE), as the co-working space provider has seen shares drop more than 45% in Wednesday’s trading session before recovering almost 38% so far in today’s (Thursday) trading session. This was all put into motion after the company put out a warning to investors on Tuesday that [...]
by Leslie N. Masonson, MBA Eagle Materials, Inc. (EXP:NYSE), headquartered in Dallas, Texas and founded in 1963 maintains a 2,400 person workforce. Formerly, the company’s name was Centex Construction Products, Inc. with a change to the current moniker in 2014. EXP manufactures heavy construction materials and light building products. Its four main operating specialties [...]
It’s been an interesting few days for Redfin - a company that offers real estate brokerage services. Yesterday, the firm released a haunting notice that 13% of its workforce would be laid off amidst a slow housing market. The company has decided to pull the plug on their iBuyer program - RedfinNow, a segment that [...]
Any time Standard & Poor decides to bring new stocks into its ecosystem, you can bet the news will make waves in the stock market. And as of September 19, 2022, Annaly Mortgage Management (NLY) will be joining the S&P MidCap 400. Alongside the REIT mortgage company are a few other stocks - Penn Entertainment, [...]
