As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’

As AMC Entertainment stock surges 20%, SEC says it’s watching memes for ‘disruptions of the market, manipulative trading, or other misconduct’

2021-06-08

  The U.S. Securities and Exchange Commission warned Monday that it is closely monitoring frenetic moves in the stock market, amid the stratospheric surge in values of meme stocks AMC Entertainment and GameStop Corp. “SEC staff continues to monitor the market in light of the ongoing volatility in certain stocksRead More →

Bed Bath & Beyond stores are getting a revamp

2020-02-19

Bed Bath & Beyond Inc. stores are getting a revamp, with new Chief Executive Mark Tritton saying one set of investments will be complete in the first half of the year, and up to three new store formats are in the works. After a news-packed day, Tritton hopped on aRead More →

Gap stock jumps on news it will not spin off Old Navy

2020-01-16

Gap Inc. stock rallied in the extended session Thursday after the retailer backtracked from its plan to spin off its Old Navy brand. Gap GPS, +3.85%  shares rose as much as 9% in after-hours trading after ending the regular trading day up 3.9%. Mounting costs and a softer business performanceRead More →

Revolve closes its first trading day up 90%

2019-06-07

Revolve Revolve is entering a crowded e-commerce landscape dominated by Amazon Revolve Group Inc. shot straight up when it began trading at 10:40 a.m. Eastern, closing its first trading day up 94.4% at $34.65. Revolve RVLV, +88.89%   shares priced at $18, the high-end of the $16-to-$18 range. The companyRead More →

Sainsburys leads London markets quietly higher

2019-05-01

With European markets closed for the May Day holiday, the FTSE 100 in London was higher though trading volume was light. How did markets perform? The U.K.’s FTSE 100 UKX, +0.10%  rose 0.2% to 7,431.2, making up part of Tuesday’s 0.3% loss. The pound GBPUSD, +0.3069%  climbed another 0.3% toRead More →

Health-care drama has now spread to biopharma stocks

2019-04-18

Health stocks had another bad day, with investor jitters spreading to the biotech and pharmaceutical sectors, as well. Investors’ anxiety seemed to have expanded from health retailers, managed care companies and health insurers to include biopharma companies on Thursday. The three biggest losers in the Health Care Select Sector SPDRRead More →