Shares of Best Buy Co. Inc. (NYSE: BBY), a multinational retailer of consumer electronics, computing and mobile phone products, entertainment products, appliances and related services, are seeing a huge rally in trading today.
At last check, BBY shares were trading 18.47% higher at $14.43 on above average volume of 12.75 million. The stock hit an intra-day high of $14.48 in trading today.
BBY shares are soaring after the Minneapolis Star Tribune, citing a source, reported that the company’s founder Richard Schulze is expected to make a offer to acquire the retailer by a mid-December deadline.
Shares of Harbinger Group Inc. (NYSE: HRG), a diversified holding company offering life insurance and annuity product, and consumer products through its subsidiaries, are sinking in trading today.
At last check, HRG shares were trading 26.61% lower at $7.50 on above average volume of 7.49 million. The stock fell to an intra-day low of $7.50 in trading today.
HRG share are sinking in trading today after the company announced the pricing of its secondary common stock offering. The company said that the offering has been priced at $7.50 per share.
Shares of Pier 1 Imports Inc. (NYSE: PIR), a specialty retailer of decorative home furnishings and gifts, are marginally higher in trading today.
At last check, PIR shares were trading 0.47% higher at $19.17 on above average volume of 2.28 million. The stock hit an intra-day high of $19.80 in trading today.
PIR shares are gaining in trading today after the company announced its third-quarter financial results.
Shares of Lexmark International Inc. (NYSE: LXK), a developer, manufacturer and supplier of printing, imaging, document workflow and content management solutions for the office, are down sharply in trading today.
At last check, LXK shares were trading 7.18% lower at $23.28 on above average volume of 2.15 million. The stock fell to an intra-day low of $23.13 in trading today.
LXK shares have slipped after Deutsche Bank analysts lowered their rating on the stock from Hold to Sell.
Shares of Boston Beer Co. Inc. (NYSE: SAM), a craft brewer in the U.S., are soaring in trading today.
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