$75 Million Scholastic Buyback Sends Shares Soaring 13%+…Should You Buy Now?
Scholastic Corp. (SCHL) announced early today that they will be initiating a stock buyback worth up to $75 million - approved by their board of directors. The common stock repurchase will take place through a Dutch Auction and is expected to fall somewhere in the purchase price/share of $35-40 - not accounting for taxes/interest. Anytime a stock repurchase is [...]
Why Boston Beer is up 16% This Morning and What Your Next Move with This Stock Should Be
Sam Adams, Twisted Tea, Truly, Angry Orchard…you may know all these different brands of beer, seltzer, and cider on their own. But did you know that they’re all owned by one company - Boston Beer? And as of this morning, Boston Beer (SAM) is trading up 16% and counting as of 11 am EST. We’ll explore the reason for this [...]
NGM Stock Recovers 20% from 70% Drop Monday – Here’s What Investors Need to Know…
What a week it’s been for NGM Biopharmaceuticals - and anyone currently invested in the company. Monday morning NGM stock tanked over 70% - down to $3.07 from $11.53. But today, the stock is making a big move in the other direction, covering 20% of the loss seen just 3 days ago. What happened? How did we get here? [...]
Netflix Stock Pops 14% on Subscriber & Earnings Growth – is it Finally Time to Buy?
Netflix stock (NFLX) is a big mover this morning upon releasing its Q3 earnings report Tuesday after market hours. They blew expectations out of the water in terms of net subscriber additions - and they beat estimated EPS and revenue, too. While analysts were projecting $7.85b in revenue, Netflix produced $7.93 in the third quarter. They also beat adjusted [...]
SNAP Set to Struggle with Current Market Macros. 2 Key Findings Investors Need to See…
While Snapchat is set to declare 3rd quarter earnings this Thursday, investors and analysts alike are already preparing for the worst. In fact, one analyst out of Deutsche Bank has gone on the record saying he sees very limited upside potential in SNAP stock. Benjamin Black was quoted as saying “We think near and medium term upside remains limited [...]
Investors and Hedge Funds are High on this Lesser Known Cloud Software Stock…Should You Buy it, Too?
One of this morning’s big movers during premarket hours was Splunk. The company operates in the development of cloud software solutions. The stock price was up over 8% before the market opened, and while it took a bit of a detour along the way, it’s still up almost 6% as of 11 am EST. While Splunk (SPLK) stock is [...]
