Latest News

Nvidia falls short on guidance, stock down 9% after hours

0

Motley Fool

Why Kohl’s Stock Was Soaring Today

Shares of Kohl’s (NYSE: KSS) were jumping today as the struggling department store chain took the next step in selling itself, with some potential offers reportedly ranging up to $62 a share. Reuters reported this morning that many of the potential bidders were considering lowering their buyout offer price given market conditions amid the pullback in retail stocks last week and the broad market this year. Among the bidders are Sycamore Partners, Franchise Group, Simon Property Group and Brookfield Asset Management (the mall REITs that took over JCPenney), and Acacia Research, which had offered $64/share for Kohl’s back in January, though that offer was rejected.

Alibaba Earnings Report Will Provide Insight Into China Economy

Previous article

Earnings Results: Splunk stock rallies as cloud revenue surges 66% from a year ago

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News