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Beam Jumps on Takeover, Lululemon Drops On Guidance

August 29, 2023
in Trade Tube
Reading Time: 1 min read
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U.S. are trading lower on Monday morning after last week’s first weekly gain of 2014. In M&A, Beam was acquired by Suntory Holdings for $83.50 per share. In retail, Lululemon drops on lowered profit and sales forecast and Express drops on downside guidance. Wendy’s guided fourth quarter and fiscal 2014 above consensus and announced a $275 million share buyback. In analyst actions, MGM, Diana Shipping, RedHat, Fortinet, and Dominion catch upgrades. Senior Stock Analyst Nicole Urken takes a look at these names and more.

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