Home furnishings retailer RH (NYSE:RH) said that Chairman & CEO Gary Friedman bought $10M stock at an average price per share of $216.10, representing 46,274 shares. With this purchase, Mr. Friedman beneficially owns ~5.05M shares, or 25.1% of RH stock, based on ~18.45M shares outstanding as of June 7, 2024.Continue Reading
phongphan5922 Stock futures inched lower in the premarket hours of Thursday as investors awaited the release of the highly anticipated U.S. inflation report on Friday, which could heavily influence the Federal Reserve’s next move on interest rates. Here are some of Thursday’s biggest stock movers: Biggest stock gainers BlackBerry’s (NYSE:BB)Continue Reading
Spencer Platt/Getty Images News Chipotle Mexican Grill (NYSE:CMG) ended Wednesday 0.3% higher at $65.86/share in its first trading day after its 50-for-1 stock split, one of the biggest in Wall Street history. Its shares rose 0.5% in light premarket trade on Thursday. Shareholders received 49 additional shares for each shareContinue Reading
TXO Partners (NYSE:TXO) announces the pricing of its upsized public offering of 6.5 million common units at $20.00 per share. The offering was increased from the previously announced 5 million to 6.5 million common units. In addition, the company granted the underwriters an option to purchase up to an additionalContinue Reading
tifonimages/iStock via Getty Images International Paper (NYSE:IP) plunged 14% in after hours trading after Brazilian pulp and paper company Suzano (SUZ) dropped its takeover pursuit. Suzano (SUZ) was never able to draw International Paper(IP) into serious talks and wasn’t willing to increase its offer, Suzano said in a statement lateContinue Reading
The selling stockholders of Contango ORE (NYSE:CTGO) plan to offer and sell shares of common stock, the company disclosed in an SEC filing on Thursday. The company will not receive any proceeds from the sale of shares by the selling stockholder. The number of shares to be offered and soldContinue Reading
Bill Oxford Shares of Exact Sciences (NASDAQ:EXAS) traded higher on Wednesday after TD Cowen said that the company is seeking a 25% price hike from Medicare for its next-generation colorectal cancer screening test, Cologuard Plus. Analyst Dan Brennan reaffirmed his Buy rating on the stock, arguing that if approved, theContinue Reading
Brett_Hondow/iStock Editorial via Getty Images Shares of home goods retailer Conn’s Inc. (NASDAQ:CONN) quickly dropped 16% after a report that the company hired advisers to help with the firm’s debt and to integrate a chain of stores it bought last year. Conn’s hired Houlihan Lokey Inc. as a financial adviserContinue Reading
The major U.S. averages on Wednesday seesawed, as stocks struggled for momentum. A post-earnings surge in global economic bellwether FedEx (FDX) was countered by a sell-off in Treasurys. The S&P (SP500) was last up 0.06% to 5,472.48 points in midday trade, while the blue-chip Dow (DJI) had added 0.11% toContinue Reading
Wolterk/iStock Editorial via Getty Images Paychex (NASDAQ:PAYX) shares dipped 4.2% in Wednesday morning trading even after posting Q4 earnings and revenue for fiscal-year 2024 that exceeded the average analyst estimate as the human resource services provider navigated a challenging operating backdrop for small and medium-sized businesses. The company now expectsContinue Reading
