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 Semtech Corporation (NASDAQ: SMTC), a supplier of analog and mixed-signal semiconductor products, are seeing a huge rally in trading today. At last check, SMTC shares were trading 11.98% higher at $27.90 on above average volume of 1.99 million. The stock hit an intra-day high of $29.68 in trading today.
Continue reading Major Gainers on November 29; SMTC, HTWR, ACUR, MMR