Shares of beleaguered supermarket chain, Supervalu Inc. (NYSE: SVU) rallied on Tuesday after the Company said it will cut 1,100 or 3% of its workforce nationwide as it looks to trim its store network.
Continue reading Supervalu to Cut About 1,110 Jobs, Shares Rally (SVU)
Shares of Sonic Corporation (NASDAQ:SONC) rallied after the drive-in restaurant chain, late last evening reported fiscal second quarter non-GAAP earnings which came in-line with Street’s expectation as expenses fell. Revenue however fell marginally short of Street’s expectation.
Continue reading Major Movers on March 26; SONC, BRP, NFLX, PLCE, ZIOP, SVU, RFMD
Shares of professional networking company LinkedIn Corporation (NYSE: LNDK) edged up on Thursday after the company said that it touched 200 million members mark with users spread across 200 countries and territories and services being offered in 19 different languages.
Continue reading Major Movers on January 10; LNKD, ARO, SVU, TIF, VOXX
Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR) shares gained almost 4% after Lazard raised its price target on the stock to $56 from $42. The stock has plunged almost 35% in the last year; however, most of analysts have maintained a positive outlook on the company.
Continue reading Major Movers on December 3; GMCR, DECK, SVU, HMA, DELL, VZ