Tag: retail
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Dollar General Stock Is Slumping. A Director Scooped Up Shares.
After Dollar General stock wiped out about two years of gains, director Timothy McGuire stepped in and acquired shares of the discount retailer. Dollar General stock (ticker: DG) has slipped 15% so far this year, nearly erasing gains of 12% and 4% in 2021 and 2022, respectively. The company’s past two quarters featured mixed results ... -
EVgo Shares Up 23% After 4Q Revenue Beats Estimates
Published: March 30, 2023 at 11:47 a.m. ET By Bob Henderson EVgo Inc.’s shares rallied 23% to $7.06 on Thursday after reporting a surge in revenue and a narrower per share loss for the fourth quarter. The Los Angeles-based provider of electric vehicle charging stations saw revenue increase 283% to $27.3 million from $7.12 million ... -
Kelso Group Calls on THG to Consider Stock Listing Move, Share Buybacks
Published: March 30, 2023 at 3:13 a.m. ET By Ian Walker Kelso Group Holdings PLC on Thursday called on THG PLC to consider a move of its listing to the Premium List of the London Stock Exchange and a share-buyback program, as it raised its interest in the U.K. e-commerce company to around 0.5% of ... -
Buy Zoetis Stock. Shares Could Rise 30% as People Spend More on Pets.
The lives of a pampered pet puppy and a factory-farmed piglet couldn’t be more different. Yet they are both likely to receive significantly more healthcare in their lifetimes than they would have just a few years ago. The winner in both cases is Zoetis . Zoetis (ticker: ZTS), the world’s only pure-play global animal-health company, ... -
Coinbase’s stock tumbles after SEC warning, and other stocks on the move
Last Updated: March 23, 2023 at 1:55 p.m. ET First Published: March 23, 2023 at 8:00 a.m. ET Here are some of the more active stocks in Thursday afternoon trading, a day after sharp losses on Wall Street that followed the Federal Reserve’s latest interest-rate hike. Stock gainers: Regeneron Pharmaceuticals Inc.’s REGN stock was climbing ... -
The new Consumer Duty and the impact on brokers
The FCA’s new Consumer Duty is due to come into force this July, as noted in our report ‘Insurance forecast 2023: claims trends and future risks’. The Consumer Duty will have a significant impact on insurers and insurance intermediaries. This article specifically focusses on the impact of the new Consumer Duty on insurance brokers. Overview ... -
GameStop Reports Earnings Today. What to Expect.
GameStop shares were rising ahead of the videogame retailer’s latest earnings report on Tuesday, but options market activity implies more volatility to come. For the January quarterly report, due after the market closes, the consensus estimate among the three analysts still covering the stock calls for a non-GAAP loss of 13 cents a share and ... -
Credit Suisse, UBS, First Republic, New York Community, and More Market Movers
American depositary receipts of Swiss bank Credit Suisse (ticker: CS) plunged more than 58% to about 83 cents after larger rival UBS (UBS) agreed to buy Credit Suisse in a deal valued at about $3.2 billion. The merger of Switzerland’s two largest banks—engineered over the weekend by Swiss authorities—comes against a backdrop of industry turmoil. U.S.-listed shares ... -
4 Small-Cap Stocks to Consider Amid the Downturn
When it comes to the latest financial panic, the smaller they are, the harder they fall. The small-cap Russell 2000 has been decimated over the past two weeks—and it’s not hard to see why. Some 17% of the index is in financial stocks, and with every small bank under the sun facing scrutiny these days, ... -
Bed Bath & Beyond Proposes Reverse Stock Split, Stock Tumbles
Bed Bath & Beyond is planning a reverse stock split, the company said on Friday, sending the shares tumbling in after-hours trading. In a reverse stock split, each outstanding share is converted into a fraction of the share. So if a company declared a one for 10 reverse stock split, every 10 shares would be ...
