|Day Low/High||13.35 / 13.81|
|52 Wk Low/High||11.27 / 18.37|
The drug stores chains would be free to merge if no decision comes before July 7.
David Einhorn is going all-in on General Motors.
Civil investigative demands are sent to affected parties to collect information for a possible lawsuit.
In recent trading, shares of Fred's Inc. have crossed above the average analyst 12-month target price of $16.00, changing hands for $16.11/share.
Fred's, Inc. ("Fred's Pharmacy" or the "Company") (NASDAQ:FRED) today reported sales for the four-week fiscal month of April and the first quarter of fiscal 2017, which ended April 29, 2017.
Investors in Fred's Inc. saw new options begin trading this week, for the June 16th expiration.
Fred's, Inc. ("Fred's Pharmacy" or the "Company") (NASDAQ:FRED) today announced that it has appointed Steven B.
Market rumors of an FTC lawsuit are hitting the shares of Rite Aid, Fred's and, to a lesser extent, Walgreens.
Earlier market optimism faded as Wednesday wore on and a financials rally gave way to a selloff in Dow Jones Industrial Average component IBM and energy shares.
The S&P 500 hugs the flatline on Wednesday afternoon as a selloff in crude oil prices and energy shares counters better-than-expected earnings from Morgan Stanley.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fred's Inc. , where a total volume of 4,577 contracts has been traded thus far today, a contract volume which is representative of approximately 457,700 underlying shares (given that every 1 contract represents 100 underlying shares).
Sycamore Partners' attempt to purchase divested dollar stores went poorly. Will the FTC believe Fred's can do better with Rite Aid spinoffs?
U.S. stock futures turn higher Thursday after the Fed commits to further monetary tightening in 2017. Investors also are anticipating the meeting between Donald Trump and Chinese leader Xi Jinping.
Fred's Inc. ("Fred's Pharmacy" or the "Company") (NASDAQ:FRED) today announced that it has appointed Linda Longo-Kazanova to its Board of Directors, effective immediately.
The two companies initially agreed to an acquisition agreement in October 2015.
These heavily shorted stocks could get squeezed higher if they report positive earnings this week.
Wall Street enters a new week and new quarter on Monday with stocks at or close to all-time records set at the beginning of March.
In trading on Tuesday, shares of Fred's Inc. crossed below their 200 day moving average of $13.40, changing hands as low as $13.35 per share.
Citi Trends's Jason Mazzola will resign as CEO and board member effective immediately.
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Fred's Inc. , where a total volume of 11,964 contracts has been traded thus far today, a contract volume which is representative of approximately 1.2 million underlying shares (given that every 1 contract represents 100 underlying shares).
Investors in Fred's Inc. saw new options begin trading this week, for the May 19th expiration.
We are keeping a close eye on the stock, and acting accordingly, until we hear of an official decision on the merger.
Fed's rate hike gives markets a midweek boost. In the portfolio, we trim 1 position and add to 3 others.
As Walgreens Boots Alliance's WBA acquisition of Rite Aid nears FTC approval, Fred's has added several directors with retail experience to its board.
Fred's Inc. (NASDAQ:FRED) today announced that its fourth quarter and full-year 2016 results will be issued on the morning of Thursday, April 6, 2017.
Today's report on the pending merger doesn't adjust our thinking.
Disappointed That the Company Refused to Work in Good Faith With Alden to Reconstitute the Board