Business

Bed Bath & Beyond, Foot Locker and more

Niraj Shah, CEO, Wayfair

Ashlee Espinal | CNBC

Check out the companies that make headlines in midday trading.

Footboard – Retail stocks rose more than 20% after that appoints former Ulta Beauty director Mary Dillon as chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected decline in comparable sales for the second quarter and higher-than-expected profit.

Bill.com – Shares rose 14% after the financial-aids software provider beat earnings expectations in its most recent quarter. Bill.com also offers strong guidance.

Cineworld Group – Stock drops 58% after one Wall Street Journal report that the cinema chain in the UK is prepare to file for bankruptcy. The Cineworld Group has struggled to attract audiences back to its theaters after the pandemic.

Outdoor shower bed – Shares of struggling retailer drop more than 40% after activist investor Ryan Cohen sell all his shares in the company. Bed Bath & Beyond has rallied this month in a move reminiscent of the 2021 meme stock craze, with high trading volume and social media activity.

Madison Square Garden Entertainment – Shares rose more than 2% after expected spin its live entertainment businessincluding the Madison Square Garden performance venue in New York, as well as the Hulu Theater and City Music Station.

Coinbase Shares of the crypto exchange operator fell nearly 10% after a sudden overnight sell-off in bitcoin. Bitcoin is trades under $22,000lowest level in more than three weeks.

Wayfair The furniture retailer’s share price fell 16% after Wayfair cut 870 jobs, or 5% of its global workforce. Wayfair believes $30 million to $40 million in headcount reductions will be reached in the third quarter.

DoorDash – Food delivery stocks fell more than 4% after Internal report that DoorDash will end its partnership with Walmart next month. DoorDash has been distributing products to Walmart for more than four years.

Synthetic engine – General Motors rose 1.97% after the automaker announced it would its quarterly dividend recovery, was cut during the pandemic. The company also increased its buyback program to $5 billion from $3.3 billion.

Carnival – Shares of cruise line operators fell on Friday. Carnival, Norwegian Cruise Line Holdings and Royal Caribbean dropped more than 6%.

– CNBC’s Yun Li, Jesse Pound, and Carmen Reinicke contributed reporting

Source link

news7h

News7h: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button
Immediate Peak