Barron’s Top Weekend Stock Picks: Costco, Johnson & Johnson, And How Tesla Could Become A Value Stock
Benzinga reviews this weekend's top stories covered by Barron's, here are the articles investors need to read.
Poshmark Buyout Offer Falls Well Below IPO Price: Analysts Call It Fair — Is It?
When South Korean tech giant Naver confirmed earlier this week that it would purchase Poshmark Inc. (NASDAQ: POSH) at $17.90 per share, many observers said the offer was fair.
Barclays Downgrades Poshmark to Equal-Weight, Raises Price Target to $18
Barclays analyst Trevor Young downgrades Poshmark (NASDAQ:POSH) from Overweight to Equal-Weight and raises the price target from $17 to $18.
US Stocks Open Higher As Dow Jumps 550 Points
U.S. stocks traded higher this morning, with the Dow Jones climbing more than 550 points on Tuesday.
Why Poshmark Shares Are Popping Tuesday
Poshmark Inc (NASDAQ: POSH) shares are trading higher Tuesday after the company announced it will be acquired by Naver.
Poshmark has entered into a definitive agreement with Naver in which Naver will acquire all of the outstanding shares of Poshmark for $17.90 in cash.
Wedbush Downgrades Poshmark to Neutral, Announces $17.5 Price Target
Wedbush analyst Tom Nikic downgrades Poshmark (NASDAQ:POSH) from Outperform to Neutral and announces $17.5 price target.
Poshmark, Rivian Automotive And Some Other Big Stocks Moving Higher In Today’s Pre-Market Session
U.S. stock futures traded higher this morning after recording gains in the previous session. Here are some big stocks recording gains in today’s pre-market trading session.
US Stock Futures Higher After Monday’s Rally; Factory Orders, JOLTS Data In Focus
Pre-open movers
U.S. stock futures traded higher in early pre-market trade on Tuesday after recording sharp gains in the previous session. The Dow Jones jumped by more than 750 points, while the Nasdaq Composite surged around 240 points on Monday. The Dow Jones recorded the best session since June 24, while it was the best day since July 27 for the S&P 500.
Acuity Brands, Rivian And 3 Stocks To Watch Heading Into Tuesday
With US stock futures trading higher this morning on Tuesday, some of the stocks that may grab investor focus today are as follows:
Naver to Acquire Poshmark for $17.90/Share in Cash
Naver Corp. (KRX: 035420) ("Naver"), Korea's largest internet company, and Poshmark, Inc.