Shares of Stewart Enterprises Inc. (NASDAQ: STEI) rallied 33% by afternoon trade after its bigger peer Service Corporation International (NYSE: SCI) announced on Wednesday that it has agreed to buy the smaller funeral services provider in deal valued at $1.4 billion. Service Corp said that the acquisition will enable the funeral service provider to increase [...]
Shares of Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), a leader in specialty coffee and coffee makers, are seeing a huge rally in trading today. At last check, GMCR shares were trading 25.77% higher at $36.43 on above average volume of 21.67 million. The stock hit an intra-day high of $35.65 in trading today.
Shares of Fresh Market Inc. (NASDAQ: TFM), a specialty retailer focusing on perishable product categories, are soaring today after the Greensboro, North Carolina-based company reported better-than-expected first-quarter profit. The company also raised its fiscal 2012 earnings forecast following the strong first-quarter financial results.