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Major Movers on May 29; STEI, SFD, AEGR, TFM, WTSL

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 [...]

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Wet Seal Swings into Profit in Q1, Guidance for Q2 Upbeat (WTSL)

Shares of the Wet Seal Inc. (NASDAQ: WTSL) rallied in afterhours trading on Tuesday after the female specialty apparel and accessories maker reported that it swung into a profit in its fiscal first quarter, driven by wider margin and lower expenses.


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