During Wednesday’s Morning trade, Shares of Pier 1 Imports Inc (NYSE:PIR) lost -1.08% to $5.05.
Park Lane Advisor has initiated coverage on the following equities: Pier 1 Imports Inc. (PIR), TravelCenters of America LLC (TA), Barnes & Noble Education Inc. (BNED), and Zumiez Inc. (ZUMZ). Free research report on Pier 1 Imports can be accessed at http://www.parklaneadvisor.com/. On Wednesday, December 23, 2015, the NASDAQ Composite ended at 5,045.93, up 0.90%, the Dow Jones Industrial Average advanced 1.06%, to finish the day at 17,602.61, and the S&P 500 closed at 2,064.29, up 1.24%. The gains were broad based as all the sectors ended the session in positive. Register for your complimentary reports at the links given below.
On Wednesday, shares in Pier 1 Imports Inc. recorded a trading volume of 3.31 million shares, lower than their three months average volume of 3.37 million shares. The stock ended the day 0.98% higher at $5.13. Shares of the company traded at a PE ratio of 8.41. Pier 1 Imports Inc.’s stock has plummeted 22.27% in the last one month, 40.28% in the previous three months and 65.88% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 24.28% and 50.67%, respectively. Furthermore, shares of Pier 1 Imports Inc. have a Relative Strength Index (RSI) of 35.36.
Pier 1 Imports, Inc. engages in the retail sale of decorative home furnishings, furniture, gifts, and related items. The company offers decorative accents and textiles, such as rugs, wall decorations and mirrors, pillows, bedding, lamps, vases, dried and artificial flowers, baskets, ceramics, dinnerware, candles, fragrance, gift, and seasonal items.
Shares of Mattel, Inc. (NASDAQ:MAT), declined -0.16% to $34.70, during its current trading session.
DHX Media Ltd. (NASDAQ: DHXM; TSX: DHX.A, DHX.B) and Mattel, Inc. (MAT), declared a new, long-term partnership for the development, production and distribution of a range of new, multi-platform content inspired by the celebrated Mattel properties Bob the Builder™, Fireman Sam™, Little People® and Polly Pocket™.
“Recently’s declaration is a major step forward in our ongoing strategy to dramatically accelerate content creation and distribution on a global scale,” said Catherine Balsam-Schwaber , Chief Content Officer of Mattel. “As a recognized leader in kids and family entertainment, DHX is ideally suited to assist us maximize content creation and distribution across multiple channels and geographies. Importantly, this relationship also creates the potential for future content, licensing and franchise development collaborations between Mattel and DHX.”
Under the terms of the partnership, Mattel and DHX Media will jointly fund, co-develop and co-produce new episodic, short-form, and long-form content for the Mattel properties, designed for a variety of traditional and digital platforms. With Mattel’s additional expertise in brand franchise administration, strategy and consumer product licensing, and with DHX’s strength in global content distribution and creation, the companies will drive new production and growth for select Mattel properties.
Mattel, Inc. designs, manufactures, and markets a range of toy products worldwide. The company operates in three segments: North America, International, and American Girl. It offers dolls and accessories, vehicles and play sets, and games and puzzles under the Mattel Girls & Boys brands, counting Barbie, Monster High, Disney Classics, Ever After High, Little Mommy, Polly Pocket, Hot Wheels, Matchbox, CARS, Disney Planes, BOOMco, Radica, Toy Story, Max Steel, WWE Wrestling, and Batman.
Finally, Manitowoc Company Inc (NYSE:MTW), lost -0.26%, and is now trading at $15.10.
The Manitowoc Company, Inc. (MTW) declared that it has named Barry L. Pennypacker as president and chief executive officer of Manitowoc Cranes. Mr. Pennypacker, who assumes his responsibilities right away, will report to current interim chairman and chief executive officer of The Manitowoc Company, Inc., Kenneth W. Krueger. Larry J. Weyers, the current president of Manitowoc Cranes, will continue with the company as executive vice president of Manitowoc Cranes.
“Barry brings a fresh perspective to the Manitowoc Cranes business. His results-focused leadership style has led the transformation of several complex businesses through continuous process improvements, which delivered noteworthy operational and financial performance improvements and raised shareholder value. Furthermore, Barry’s deep industrial expertise, coupled with the successful execution of numerous lean initiatives throughout his career, makes him an excellent candidate to build on Manitowoc Crane’s leading market positions to return the business to growth and improved profitability,” stated Krueger.
Upon the execution of the formerly declared spin of Manitowoc Foodservice, The Manitowoc Company, Inc. will change its name to Manitowoc Cranes, Inc. Mr. Pennypacker will then serve as president and chief executive officer of Manitowoc Cranes, Inc. and Mr. Krueger will serve as Chairman of the Board of Manitowoc Cranes, Inc.
The Manitowoc Company, Inc. designs, manufactures, and sells cranes and related products, and foodservice equipment worldwide. The Cranes and Related Products segment offers lattice-boom cranes, counting crawler and truck mounted lattice-boom cranes, and crawler crane attachments; tower cranes comprising top slewing, luffing jib, topless, and self-erecting tower cranes; mobile telescopic cranes, such as rough terrain, all-terrain, truck mounted, and industrial cranes; and boom trucks comprising telescopic boom trucks under the Manitowoc, Potain, Grove, National Crane, and Shuttlelift brands.
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