The Children’s Place (PLCE) is up more than 78% Thursday morning after news broke that an investment group came together to build a majority stake in the company. Snowball Compounding Ltd. and groups associated with Mithaq Capital (a Saudi Investment firm) teamed up to claim a 54% stake and will nominate 11 people for [...]
It’s been a tough third quarter for retailers, who have all felt the effects of slowing consumer spending. We’ve seen similar sentiments in earnings from Target, Walmart, and now today, Kohl’s (KSS). The company reported earnings that exceeded analyst expectations, and yet, dwindling sales have sent the stock more than 9% lower in Tuesday [...]
Shares of Gap Inc. (GPS) skyrocketed 31% Friday morning to end the week with a bang as the stock has now gained 74% in the past 3 months. The timing is right for Gap investors after the company delivered impressive 3rd quarter earnings and teased that more was to come in the quarters ahead. [...]
Walmart (WMT) reported third-quarter earnings this morning that beat Wall Street’s consensus on both the top and bottom line, but sparked concern over the overall state of the economy. The stock is down 7% so far in Thursday’s trading session. The company reported a 5.2% climb in revenue year over year, posting $160.8 billion [...]
Shares of Walgreens Boots Alliance (WBA) started Monday morning trading strong with a 3% gain thus far. The stock has been battered in both the short and long term, but there is hope that new CEO Tim Wentworth will turn things around for the company. According to Lisa Gill, analyst at J.P. Morgan, today [...]
