In trading on Wednesday, shares of Nuvasive Inc (Symbol: NUVA) crossed above their 200 day moving average of $52.85, changing hands as high as $53.19 per share. Nuvasive Inc shares are currently trading up about 1.5% on the day. The chart below shows the one year performance
Simon Property Group SPG recently teamed up with Mango and will assist the latter’s growth strategy in the United States with the launch of stores in 2021. The stores will feature a variety of Women's, Men's and Kid's collections.The move comes as Simon is now focused on tappin
United Natural Foods, Inc. UNFI looks well paced, courtesy of rising demand due to coronavirus-induced higher at-home consumption. Moreover, the company’s focus on key strategies and lucrative acquisitions are noteworthy. Let’s take a closer look.
Independent Bank Corporation IBCP has announced a new share repurchase plan, under which it is authorized to repurchase up to 1,100,000 shares. This makes up about 5% of its common stock.
As of late, it has definitely been a great time to be an investor in Norbord Inc. OSB. The stock has moved higher by 10.7% in the past month, while it is also above its 20 day SMA too. This combination of strong price performance and favorable technical could suggest that the sto
Air Lease Corporation AL announced the delivery of a new Airbus A320-200neo aircraft on long-term lease to Peach Aviation Limited of Japan. It is the first of two new A320-200neo jets to be delivered this month from Air Lease's order book with Airbus. This modern and fuel efficie
Honeywell International Inc. HON recently announced that it has decided to buy Sparta Systems from New Mountain Capital. The buyout, which is expected to be completed by the first quarter of 2021 subject to certain regulatory approvals, is valued at $1.3 billion in cash.Honeywell
Looking back at 2020, we see the year of the COVID-19 pandemic, the biggest freefall of the economy since the great depression, a record fast bear market and an equally quicker “V-shaped” recovery driven by monetary and fiscal policy stimulus.
NEOGEN Corporation’s NEOG second-quarter fiscal 2021 earnings per share (EPS) of 30 cents fell short of the year-ago figure of 31 cents per share by 3.2%. It also lagged the Zacks Consensus Estimate by 6.3%.
Investors in Relmada Therapeutics, Inc. RLMD need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 15, 2021 $40.00 Call had some of the highest implied volatility of all equity options today.
Investors in Guess?, Inc. GES need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 15, 2021 $16.00 Put had some of the highest implied volatility of all equity options today.
Investors in Continental Resources, Inc. CLR need to pay close attention to the stock based on moves in the options market lately. That is because the Aug 1, 2021 $14.00 Put had some of the highest implied volatility of all equity options today.
CarMax Inc. KMX reported third-quarter fiscal 2021 (ended Nov 30, 2020) net earnings per share of $1.42, surpassing the Zacks Consensus Estimate of $1.11. This outperformance can be attributed to the higher-than-expected gross profit from the company’s wholesale vehicles segmen
Investors in Centrus Energy Corp. LEU need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 16, 2021 $10.00 Put had some of the highest implied volatility of all equity options today.
Investors in Laredo Petroleum, Inc. LPI need to pay close attention to the stock based on moves in the options market lately. That is because the Jul 16, 2021 $16.00 Put had some of the highest implied volatility of all equity options today.
The U.S. housing market has been one of the show-stealers during the pandemic. While most sectors have been taking a beating, the housing market seems to be swimming against the tide. In fact, it has been on a tear with homebuilder sentiment touching new highs and home prices set
The Russian central bank will not cut interest rates further in 2021 as the economy will return to growth, helping the rouble to regain some ground, a poll of economists and analysts showed on Wednesday.
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
Shares of IAC/InterActiveCorp spiked 14.1% on Tuesday after the media and internet company announced plans to spin off its ownership in video software company Vimeo.
IAC (IAC) said that following the spin-off, Vimeo will become a separately-traded public company. The proposed spin-off is still awaiting final approval by IAC's board.
The company said that the proposed spin-off will be reviewed during a shareholder meeting scheduled for the first quarter of 2021. IAC expects to approve the transaction in the second quarter of 2021.
IAC’s CEO Joey Levin said, “The combination of Vimeo's remarkable growth, solid leadership position, and enormous market opportunity have made clear its future.” He added, “It's time for Vimeo to spread its wings and become a great independent public company.” (See IAC stock analysis on TipRanks)
Following the Vimeo spin-off proposal, Oppenheimer analyst Jason Helfstein lifted the stock's price target to $210 (14.3% upside potential) from $150 and maintained a Buy rating. The analyst said, “As a result of the deal, we believe Vimeo will be worth ~$6.3B, implying 17.0x '21E EV/revenue.” He added that, “In our view, 17.0x is achievable as Vimeo is growing '20E-'22E revenue at 29.2%, 9% faster than the comparable group, with investors also showing a willingness to pay for mid-cap SaaS companies.”
Currently, most of the Street has a bullish outlook on the stock. The Strong Buy analyst consensus is based on 14 unanimous Buys. The average price target stands at $182.71 and implies that the shares are fully priced at current levels. Shares have gained 72.2% since the company separated from the Match Group and started trading on NASDAQ on July 1 this year.