What Caught Our Attention in the Investment World? – Week of November 14-18, 2022

By Kuldip K. Ambastha On Thursday, November 17, 2022, the stock price of Bath & Body Works, Inc. (BBWI), a prominent specialty retail company, rose by +25.2% per share. This rise in the stock price was driven by strong 3Q2022 quarterly performance results, with earnings surpassing the expected consensus estimate. Furthermore, Bath & Body Works, …

What Caught Our Attention in the Investment World? – Week of November 1-5, 2021

By Kuldip K. Ambastha On Tuesday, November 2, 2021, Avis Budget Group, Inc. (CAR) returned +108.3% and Chegg, Inc. (CHGG) returned -48.8% for the trading day. Avis, a vehicle rental and mobility solutions company, delivered strong 3Q2021 results and has announced a pledge to expand into using electric vehicles in the future. Avis has benefited …

What Caught Our Attention in the Investment World? – Week of April 19-23, 2021

By Kuldip K. Ambastha UiPath Inc. (PATH) was founded in Romania, is now headquartered in New York City, and is a global software platform company focused on robotic process automation. The company’s IPO date was Wednesday, April 21, 2021, during this past trading week. The IPO reference price was $56.00 per share, for 23,890,777 Class …

What Caught Our Attention in the Investment World? – Week of February 22-26, 2021

By Kuldip K. Ambastha In the past trading week, The Goodyear Tire & Rubber Company (GT) announced plans to acquire Cooper Tire & Rubber Company (CTB). The plans were made public on Monday, February 22, 2021, and on that same trading day Goodyear stock had a +21.0% gain while Cooper stock had a +29.4% gain. …

What Caught Our Attention in the Investment World? – Week of February 8-12, 2021

By Kuldip K. Ambastha During this trading week, retail investors focused on stocks in the marijuana sector. Canopy Growth Corporation (CGC) is one such company, based in Smiths Falls, Ontario, Canada. Per the table above, three days of positive returns were followed by two days of negative returns. Aside from retail investor interest, the hopes …