Dick’s Sporting Goods confirmed today that the company is acquiring Foot Locker Inc. for $2.4 billion, valuing the company at $24 a share. In reaction to that report, shares rise 82%. On the other hand, shares of Dick's slump almost 15% as investors see the acquisition as risky for the company.
Source: xStation5
US stocks edge higher with the US500 rising 0.46%, US30 and US100 gaining 0.42%. Markets are searching for the next catalyst after US-China trade-truce...
16:53UnitedHealth Group (UNH) shares plunged 15% on Thursday, extending losses to over 50% in the past month as the company faces mounting challenges. The...
15:06US Industrial Production MoM came in at 0% vs 0.1% exp. and -0.3% previously Manufacturing production also came in below expectations, dropping -0.4%...
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