Big Lots, American Woodmark And Other Big Gainers From Tuesday
U.S. stocks closed lower with the Dow Jones dropping more than 300 points on Tuesday. Here is the list of some big stocks moving lower in the previous session.
International Game Technology Announces Agreement To Settle Legal Proceedings Related To Benson V. Double Down Interactive; IGT Subsidiary To Contribute $269.75M, DDI To Contribute $145.25M
LONDON, Aug. 29, 2022 /PRNewswire/ -- International Game Technology PLC ("IGT") (NYSE:IGT) and DoubleDown Interactive Co., Ltd. (NASDAQ:DDI) ("DoubleDown") today announced an agreement in
DoubleDown Interactive Q2 Sales $80.60M Miss $83.51M Estimate
DoubleDown Interactive (NASDAQ:DDI) reported quarterly sales of $80.60 million which missed the analyst consensus estimate of $83.51 million by 3.48 percent.
Earnings Scheduled For August 9, 2022
Companies Reporting Before The Bell
• Cognition Therapeutics (NASDAQ:CGTX) is estimated to report earnings for its second quarter.
B. Riley Securities Maintains Buy on DoubleDown Interactive, Lowers Price Target to $20
B. Riley Securities analyst David Bain maintains DoubleDown Interactive (NASDAQ:DDI) with a Buy and lowers the price target from $30 to $20.
Earnings Scheduled For May 10, 2022
Companies Reporting Before The Bell
• The Middleby (NASDAQ:MIDD) is expected to report quarterly earnings at $2.10 per share on revenue of $935.99 million.
Overview Of Value Stocks In The Communication Services Sector
What Defines a Value Stock?
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.