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Tag: Vince

  • Vince Holding (VNCE) Shares See Pre-Market Surge After Acquisition News

    Vince Holding (VNCE) Shares See Pre-Market Surge After Acquisition News

    Vince Holding Corp. (NYSE: VNCE) has experienced a significant surge in its share value following the announcement of a major equity acquisition. As of the latest premarket check, VNCE stock demonstrated a remarkable 49.41% increase, trading at $4.45.

    This upward trajectory contributes to a substantial 112% price appreciation over the past six months. The stock currently holds an ST score of 49 within the Apparel – Manufacturer industry, as evaluated by our ST screener. Notably, comparable stocks within the sector, such as DXYN and HBI, also exhibit strong performance. To explore more visit our screener here.

    Acquisition by P180 and Leadership Transition

    The catalyst for this market activity is the acquisition of a majority stake in Vince Holding by P180, a newly established venture focused on accelerating growth and profitability within the luxury apparel market. This acquisition involved the transfer of ownership from affiliates of Sun Capital Partners, Inc.

    In conjunction with this transaction, Brendan Hoffman is poised to assume the role of Chief Executive Officer of Vince Holding, effective on or around February 3, 2025, pending the finalization of his employment terms.

    Consequently, David Stefko is expected to relinquish his position as Interim CEO, while continuing his service on the company’s Board. Furthermore, Matthew Garff has resigned from the VNCE Board of Directors in connection with the P180 acquisition.

    Strategic Alignment and Future Outlook

    The acquisition of Vince Holding by P180 represents a strategic alignment between the two entities. Vince Holding’s established presence in the luxury contemporary market complements P180’s acquisition strategy.

    It is expected that Vince Holding’s omni-channel experience will be further improved and profitability will increase with the integration of CaaStle’s team and technology, which was developed by Christine Hunsicker, co-founder of P180.

    With an emphasis on monetizing the company’s inventory for long-term, sustainable success, Brendan Hoffman’s return as CEO following a five-year leave is anticipated to usher in a new age of growth, innovation, and improved market positioning.

    The Strategic Growth of P180 in the Luxury Market

    P180’s acquisition of Vince Holding signifies a transformative opportunity for the company, providing access to operational expertise and advanced digital capabilities essential for future growth. This transaction marks P180’s third strategic move since its inception in 2024, following its recent investment in the esteemed fashion label Altuzarra and a digital partnership with the multi-brand premium retailer elysewalker, solidifying P180’s expanding influence within the luxury fashion landscape.

  • Early Morning Vibes: Watch These 4 Stocks Today

    Early Morning Vibes: Watch These 4 Stocks Today

    The session on December 11, the American stock indexes finished in different directions. The S&P 500 Index dropped 0.13% to 3663 points, the Dow Jones added 0.16%, the NASDAQ lost 0.23%. At the beginning of trading, quotes went down for a short time, but most of the losses during the day were compensated, thanks to positive macro statistics. The communications sector emerged as the clear leader, rallying 1.15% on higher Disney shares. The financial and energy sectors looked weaker than the market, losing about 1% due to the fixation of positions after the rally.
     

    Corporate News
     

    Walt Disney (DIS: + 13.6%) management shared plans and forecasts for streaming services Disney +, Hulu, ESPN + and Star. The cumulative number of subscribers is expected to grow from the current 137 million to 300-350 million by FY2024.
     

    Apple (AAPL: -0.7%) is developing its own modem for its future devices. The news put pressure on shares of Qualcomm (QCOM: -7.4%), a chip maker for 5G communications.
     

    Oracle’s quarterly results (ORCL: + 1.8%) exceeded expectations on strong demand for cloud services.
     

    Today, world stock exchanges are showing mostly positive dynamics. The vaccination campaign can start today. Moderna’s vaccine may be approved this Friday, December 18th, but that too will not come as a surprise to market participants. On the eve of the US authorities issued an order for 100 million of anti-clotting vaccines from this company.
     

    The discussions on the stimulus package remain in the focus of investors’ attention, especially in light of the weak data on jobless claims last week. Today, lawmakers will present a detailed bill on the $ 908 billion package, which can be split into two blocks. One of the blocks will contain support measures that are less controversial among lawmakers. Even a compromise solution on this issue will be welcomed by investors.

    Top Upgrades & Downgrades


    KeyBanc turned bullish on Welltower Inc. (WELL), upgrading the stock to “Overweight” and assigning a $70.0 price target.
     

    RPT Realty (RPT) has won the favor of KeyBanc’s equity research team. The firm upgraded the shares from Sector Weight to Overweight and moved their price target to $11.0.
     

    The Macerich Company (MAC) received an upgrade from analysts at KeyBanc. They changed their rating on MAC to Sector Weight from Underweight in a recently issued research note.
     

    Earlier Monday KeyBanc reduced its rating on Xenia Hotels & Resorts Inc. (XHR) stock to Sector Weight from Overweight.
     

    KeyBanc analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Healthpeak Properties Inc. (PEAK) has been changed to Sector Weight from Overweight.
     

    Analysts at KeyBanc downgraded Retail Opportunity Investments Corp. (ROIC)’s stock to Sector Weight from Overweight on Monday.

    Today Top Movers


    Sundial Growers Inc (SNDL) went up 3.69% in today’s premarket session following a declaration from the firm that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market.
     

    Ideanomics Inc (IDEX) share price surged 11.96% at $2.06 in premarket session on Monday. Investors should take the recent surge in Ideanomics’ share price as a cautionary sign.
     

    Veru Inc (VERU) stock soared 21.16% in early morning trading session today. The firm recently declared that it has exclusively licensed worldwide rights to enobosarm, a late-stage oral novel androgen receptor (AR) targeting agent for the treatment of endocrine resistant ER+ HER2- metastatic breast cancer.

    Latest Insider Activity


    Progyny Inc. (PGNY) 10% Owner TPG Group Holdings (SBS) Advis announced the sale of shares taking place on Dec 10 at $37.52 for some 73,100 shares. The total came to more than $2.74 million.
     

    Enphase Energy Inc. (ENPH) Director Malchow Joseph Ian sold on Dec 11 a total 82,950 shares at $143.90 on average. The insider’s sale generated proceeds of almost $0.43 million.
     

    Gran Tierra Energy Inc. (GTE) Director Wade Brooke N. declared the purchase of shares taking place on Dec 09 at $0.39 for some 200,000 shares. The transaction amount was around $78000.0.
     

    Allied Esports Entertainment Inc. (AESE) 10% Owner Knighted Pastures LLC bought on Dec 10 a total 3,945,720 shares at $1.14 on average. The purchase cost the insider an estimated $99,194.

    Earnings To Watch


    Top US earnings releases scheduled for today include Champions Oncology Inc. (NASDAQ: CSBR). It will announce its Oct 2020 financial results. The company is expected to report revenues of $9.38M in the three-month period.
     

    Analysts expect Qudian Inc. (NYSE: QD) to report a net income (adjusted) of $0.04 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Sep 2020 is predicted to come in at $165.18M.
     

    Vince Holding Corp. (VNCE), due to announce earnings after the market closes today, is expected to report earnings of $0.44 per share from revenues of $65.9M recently concluded three-month period.