Shares of Hot Topic (NASDAQ: HOTT) skyrocketed 30% after the teen retailer said it has agreed to be taken private by private-equity firm Sycamore Partners in a deal estimated at $600 million in cash, which represents about30% premium over Wednesday’s closing price of the stock.
Continue reading Major Movers on March 7; HOTT, SMTC, PETM, SFD, KR, CIEN, TWX
Shares of PetSmart Inc. (NASDAQ: PETM), a specialty provider of products, services and solutions for the lifetime needs of pets, are soaring in trading today. At last check, PETM shares were trading 6.97% higher at $69.35 on volume of 1.26 million. The stock hit an intra-day high of $69.23 in trading today.
Continue reading Major Gainers and Losers on November 15; PETM, OSIS, PERY, WMT, VIAB
PetSmart Inc. (NASDAQ: PETM) shares rose to a new 52-week high in trading today after the Phoenix, Arizona-based company reported better-than-expected first-quarter profit. PETM also raised its full-year forecast following the upbeat first-quarter results.
Continue reading PetSmart Shares Rise as Q1 Profit Beats Estimates (PETM)