During Thursday’s trade, Shares of Vera Bradley, Inc. (NASDAQ:VRA), lost -5.62% to $16.12.
Vera Bradley, declared that seasoned retail executive Mary Lou Kelley has joined its Board of Directors.
Kelley has extensive e-commerce, marketing, and planned planning experience and has served as President, E-Commerce for Best Buy since 2014. Before joining Best Buy, Kelley served as Senior Vice President, E-Commerce for Chico’s FAS and held the posts of Vice President of Retail Real Estate and Marketing and Vice President of E-Commerce for L.L. Bean. Formerly, she also held key marketing positions with Ashford.com and Ben & Jerry’s and was an Engagement Manager at McKinsey and Company. Kelley holds a BA in Economics from Boston College and earned a MBA from the University of Virginia Colgate Darden Graduate School of Business.
Robert Wallstrom, CEO of Vera Bradley, commented, “We are so happy that Mary Lou Kelley has joined our Board of Directors. Her vast omni-channel experience, counsel, and insight will be invaluable as we continue to transform our business, which comprises elevating our marketing efforts and growing our own verabradley.com digital flagship.”
Vera Bradley, Inc., together with its auxiliaries, designs, manufactures, and sells handbags, accessories, and luggage and travel items for women of all ages under the Vera Bradley brand. The company offers totes, cross bodies, satchels, clutches, and backpacks bags, in addition to baby bags and lunch bags; accessories, such as wallets, wristlets, eyeglass cases, jewelry, and scarves; and travel products comprising rolling luggage, cosmetics, and travel and packing accessories, in addition to travel bags comprising of duffel and weekend bags.
Shares of Blackstone Group LP (NYSE:BX), declined -0.16% to $30.48, during its current trading session.
SunEdison, Inc. (SUNE) (“SunEdison”), the largest global renewable energy development company, and Vivint Solar, Inc. (VSLR) (“Vivint Solar”), a leading provider of residential solar systems in the United States, have reached a contract to amend and modify the terms of the definitive merger agreement formerly declared on July 20, 2015. In conjunction therewith, SunEdison also declared that 313 Acquisition LLC (“313 Acquisition”), the vehicle controlled by private equity funds managed by Blackstone (BX) (“Blackstone”), has reached a commitment to provide a $250 million credit facility to fund the ongoing growth of SunEdison. The merger is anticipated to close in the first quarter of 2016.
“SunEdison is very happy to reach a contract with Vivint Solar and 313 Acquisition to modify the merger agreement. Given the recent market volatility, we believe the modified agreement is in the best interest of all parties. We look forward to growing our residential and small commercial business with Greg Butterfield and his exceptional team,” said Ahmad Chatila, SunEdison’s chief executive officer. “In addition, we are also delighted to add the Blackstone team as a key new stakeholder and partner.”
“We are excited to join the SunEdison team,” said Greg Butterfield, Vivint Solar’s chief executive officer. “We look forward to ongoing to strengthen our leading platform in the residential and small commercial space.”
The Blackstone Group L.P. is a publicly owned investment manager. The firm also provides financial advisory services to its clients. It provides its services to public and corporate pension funds, academic, cultural, and charitable organizations. The firm manages separate client focused portfolios.
Finally, American Capital Ltd. (NASDAQ:ACAS), gained 3.33%, and is now trading at $14.27.
Moments ago, Trader’s Choice released new research updates concerning several important developing situations counting the following equities: GoPro Inc. (GPRO), Pandora Media Inc. (NYSE:P), Chesapeake Energy Corp. (CHK) and American Capital Ltd. (ACAS). Trader’s Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
Highlights from recently’s reports comprise:
On Tuesday, December 8, 2015, the NASDAQ Composite ended at 5,098.24, down 0.07%, the Dow Jones Industrial Average edged 0.92% lower to finish the day at 17,568.00 and the S&P 500 closed at 2,063.59, down 0.65%.
- GoPro Inc.’s stock added 0.40% to close Tuesday’s session at USD 17.58. The company’s shares oscillated between USD 17.25 and USD 18.11. The stock recorded a trading volume of 4.94 million shares, which was below its 50-day daily average volume of 8.78 million shares and its 52-week average volume of 7.66 million shares. Over the last five days GoPro Inc.’s shares have declined by 12.67% and in the past one month the stock has lost 29.14%. In addition, over the last three months the stock has lost 53.12% and year to date the shares have shed 72.19%. The stock traded below its 50-day moving average of USD 24.90. Further, the stock is trading at a price to earnings ratio of 13.42 and price to book ratio of 2.90. This compares to a historical PE ratio of 70.05 and a historical PB ratio near to 12.73. Additionally, the stock is trading at a price to cash flow ratio of 7.46.
- Pandora Media Inc.’s stock advanced 1.96% to close Tuesday’s session at USD 12.50, below its 50-day and 200-day moving averages of USD 15.42 and USD 16.81, respectively. The share price oscillated between USD 12.03 and USD 12.55. The stock recorded a trading volume of 6.56 million shares, which was below its 50-day daily average volume of 7.86 million shares and above its 52-week average volume of 5.99 million shares. Over the last three days Pandora Media Inc.’s shares have declined by 1.03% and in the past one week the stock has moved down 12.71%. Moreover, in the last six months the stock has lost 27.11% and year to date the shares have shed 29.89%. The stock is trading at a price to book ratio of 5.01, which compares to a historical PB ratio near to 6.39. Additionally, the stock is trading at a price to sales ratio of 2.39.
- Chesapeake Energy Corp.’s stock edged higher by 3.04% to close Tuesday’s session at USD 4.40. The company’s shares oscillated between USD 4.03 and USD 4.45, marking a new 52-week low during the session. The stock recorded a trading volume of 17.90 million shares, which was below its 50-day daily average volume of 21.40 million shares and its 52-week average volume of 20.87 million shares. Over the last three days Chesapeake Energy Corp.’s shares have declined by 9.65% and in the past one week the stock has moved down 20.15%. Additionally, over the last three months the stock has lost 42.63% and in the past six months the shares have shed 66.72%. The stock traded much below its 50-day and 200-day moving averages of USD 6.87 and USD 10.51, respectively. The stock is trading at a price to book ratio of 2.32, which compares to a historical PB ratio near to 0.77.
- The stock of American Capital Ltd. lost 3.80% to close Tuesday’s session at USD 14.16, above its 50-day and 200-day moving averages of USD 13.57 and USD 13.97, respectively. The shares of the company moved in the range of USD 14.06 and USD 14.67. A trading volume of 5.55 million shares was recorded, which was greater than its 150-day daily average volume of 2.35 million shares and its 52-week average volume of 2.04 million shares. Over the last five days American Capital Ltd.’s shares have declined by 8.94% while in the past one month the stock has gained a momentum of 3.28%. Additionally, over the last three months the stock has advanced 1.29% and in the past six months the shares have registered a gain of 1.29%. Further, the company is trading at a price to earnings ratio of 52.44 and price to book ratio of 0.72. This compares to a historical PE ratio of 9.45 and historical PB ratio near to 0.71.
American Capital, Ltd. is a private equity and venture capital firm. It is a business development company specializing in administration and employee buyouts, subordinated debt, leveraged finance, mezzanine, acquisition, recapitalization, middle market, early venture, mature, industry consolidation, and growth capital investments.
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