🚀 Market Shocks: Capri’s Merger Block Sparks 50% Plunge, Tapestry Rises as Job Cuts Propel Spirit Airlines Stocks! 📈
Market-Moving Event Alerts
Remember to move the mail to the Primary inbox if this mail is in other inboxes.
Hooray!🥳 This week, StockNews.AI has identified and published 309 successful event alerts across multiple sectors — a 48% increase from the previous week! These alerts have accurately indicated potential bullish and bearish price movements.
*Data Captured Between 10/21 00:00am - 10/25 10:00 am EDT.
We are excited to announce the launch of our new AI Event Alert user interface. With over 70% accuracy in predicting "Very Bullish" and "Very Bearish" stocks, let’s make your investment simple with StockNews.AI today!
Here’re the top 5 most-surged stocks of the week
*Penny stocks are not included in the list.
Investopedia
VerybearishShortTerm -48.89%CPRIM&A
Versace Parent Capri Stock Tumbles as Judge Blocks Merger With Coach Owner
- Capri Holdings shares fell nearly 50% after merger blocked.
- Tapestry's stock surged 15% following the ruling.
- The FTC argued merger would reduce competition in luxury market.
- Capri and Tapestry plan to appeal the judge's decision.
- Combined, they reported over $12 billion in sales, still below rivals.
Accesswire
VerybullishLongTerm 47.2%BMTXM&A
BM Technologies to be Acquired by First Carolina Bank for $67 Million
- BMTX to be acquired by First Carolina Bank for $5 per share.
- The acquisition offers a 55% premium to BMTX's market price.
- Completion expected in Q1 2025, pending stockholder approval.
- BMTX will operate under its brand post-acquisition.
- The deal enhances services and opportunities for BMTX customers.
Business Wire
BullishLongTerm 21.59%NWLEarnings
Newell Brands Announces Third Quarter 2024 Results
- NWL's Q3 sales fell 4.9%, highlighting ongoing challenges.
- Gross margin improved to 34.9%, highest since 2020, despite lower sales.
- Normalized EPS decreased to $0.16 from $0.37 YoY amid restructuring costs.
- Increased debt reduction aims to earn an investment-grade credit rating.
- Confidence in transformation efforts despite uncertain macroeconomic conditions.
Investopedia
BullishShortTerm 15.29%SAVELayoff
Spirit Airlines Stock Jumps on Job Cuts, Plane Sales
- Spirit Airlines to cut jobs and reduce costs by $80 million.
- Shares surged 12% in premarket trading after the announcement.
- Plan includes selling 23 aircraft for $519 million to improve liquidity.
- Net proceeds expected to enhance liquidity by $225 million by 2025.
- Spirit extended debt refinancing deadline with Visa and Mastercard.
PRNewsWire
BearishShortTerm -12.35%TNETEarnings
TriNet Announces Third Quarter 2024 Results
- TriNet's Q3 revenues rose 1% to $1.2 billion year-over-year.
- Net income dropped 52% to $45 million compared to last year.
- Healthcare costs increased significantly, impacting profitability.
- TriNet's cash reserves remain stable at $251 million.
- CEO expresses cautious optimism for future growth despite challenges.
Want to see customized event news?
Subscribe and Activate Event Alert Today!
Want something new? Choose one for the next newsletter topic✨ Poll closes on every Friday at 11:59pm! |
|
Login or Subscribe to participate in polls. |
Disclaimer: The content provided in this Email should be used for informational purposes only and in no way should be relied upon for financial advice.
Reply