Daily deal site, Groupon Inc. (NASDAQ: GRPN) shares were upgraded to “buy” from “hold” by Deutsche Bank on Friday. The Bank also raised its price target on GRPN to $10 from $6. Continue reading Groupon Stock Upgraded by Deutsche Bank (GRPN)
Shares of Vapor Corp. (OTC: VPCO), a designer, marketer and distributor of electronic cigarettes and accessories primarily in the U.S. and Canada, are up sharply in trading today. At last check, VPCO shares were trading 7.21% higher at $1.19 on above average volume of 747,974. The stock hit an intra-day high of $1.25 earlier today. VPCO shares have gained more than 28% in the last three trading sessions.
Rouse Properties Inc. (NYSE: RSE) CEO Andrew Silberfein this week bought 10,000 shares of RSE common stock at $19.67 per share, according to a filing made with the SEC. Continue reading Rouse Properties CEO Buys 10,000 Shares (RSE)
Open Table Inc. (NASDAQ: OPEN) announced on Thursday that it has agreed to acquire a mobile technology company, JustChalo Inc. in both cash and stock deal valued at $11 million. Continue reading Open Table to acquire Mobile Technology Company (OPEN)
Shares of The Men’s Wearhouse Inc. (NYSE: MW) climbed 3.65% by afternoon trade. The Company said on Wednesday that fiscal first quarter profit rose 23%, driven by stronger margins. Net income climbed to $33.1 million or 65 cents a share from $26.9 million or 52 cents a share, in the year-earlier quarter. Revenue climbed 5.1% to $616.5 million. Revenue from tuxedo rental services climbed to $98.5 million from $78.5 million. The Company said that earlier Easter, pushed up the prom season, which generally falls in the fiscal second quarter. Same-store-sales, a key measure in retail chain’s performance, increased at its namesake stores but fell 2.8% and 5.3% at Moores and K&G stores, respectively. Continue reading Major Movers on June 13; MW, PVH, SWY, GCI, BBRY, PCO
Gannett Company Inc. (NYSE: GCI) announced on Thursday that it has agreed to acquire a television Company Belo Corp. (NYSE: BLC) in an all cash deal estimated at $1.5 billion. Continue reading Gannett to acquire Belo Corp. in $1.5 Billion Cash Deal (GCI, BLC)
Shares of Xumanii (OTC: XUII), a provider of online live content streaming services through its website, are soaring in trading today. At last check, XUII shares were trading 16.32% higher at $0.254 on volume of 5.12 million. The stock hit an intra-day high of $0.26 earlier today. XUII shares have gained more than 30.20% in the last three trading sessions.
Empire Company Ltd., the parent company of Canadian grocery chain, Sobeys Inc., announced late on Wednesday that it will be acquiring Safeway Inc.’s (NYSE: SWY) business in Canada in deal valued at $5.7 billion. The acquisition would allow Sobeys to almost double its presence in the western region of the nation.
Five Below Inc. (NASDAQ: FIVE) reported late on Wednesday that it swung into a profit in its fiscal first quarter, driven by more than 30% revenue growth.
Shares of Cooper Tire & Rubber Company (NYSE: CTB) catapulted about 40% by afternoon trade after the Ohio based Company received a buyout bid of $2.5 billion from an Indian tire manufacturer Apollo Tiers. Apollo has agreed to pay $35 in cash, which implies 42.5% premium over the Tuesday’s closing stock price. Continue reading Major Movers on June 12; CTB, ULTA, GIMO, RMBS, HPQ |
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