Check out some of the biggest movers in the premarket: Signify Health (SGFY) – Signify Health rose 37.5% in premarket trading as a potential bidding war for the home healthcare provider. Amazon.com (AMZN) and UnitedHealth (UNH) are now said to be among the bidders, according to The Wall Street Journal, which had previously reported that …
Bed, Bath & More (BBBY) Shares extended declines Monday, pushing the meme stock favorite to its lowest level in three weeks, as investors continue to exit the troubled household goods retailer after last week’s $60 million sale by activist investor Ryan Cohen. Cohen’s RC Ventures sold all hits of 9.45 million shares in Bed, Bath …
Value investor Mason Hawkins switched to General Electric in the second quarter and also took a stake in the growth name Alphabet. Hawkins’ Southeastern Asset Management, which manages a series of mutual funds called Longleaf Partners Funds, increased its General Electric shares by 12% in the past quarter, according to InsiderScore. In the three-month period …
Classic value investor Mason Hawkins charges GE and this surprising tech name Read More »
Investor Ryan Cohen has confirmed that it will acquire its entire stake in retailer Bed Bath & Beyond Inc. sold for a profit of more than $58 million, and that its shares plunged for the second consecutive day in after-hours trading on Thursday. A filing with the Securities and Exchange Commission made public after markets …
People walk near the entrance to a Kohl’s department store in Doral, Florida, on June 7, 2022. Joe Raedle | Getty Images Kohl’s cut its financial forecast for the year again on Thursday, saying its middle-income customers were particularly pressured by higher inflation, which put a damper on sales of clothing, shoes and other discretionary …
Kohl’s cuts guidance and blames inflation on lower sales from middle-income buyers Read More »
Tencent runs the ubiquitous Chinese messaging app WeChat. The company has a short video feature in the app and has started monetizing it through video ads in the feed. Tencent said such ads could become a “substantial” source of revenue in the future. Budrul Chukrut | Sopa images | Light rocket | Getty Images Tencent …
As game sales slump, China’s Tencent signals a popular ad trend it’s betting on Read More »
