|Day Low/High||13.05 / 13.60|
|52 Wk Low/High||10.60 / 13.75|
Six formerly hot stocks that crashed and burned -- and three still too hot to touch.
Privet Fund is seeking to install four dissident directors to the restaurant chain's eight person board in a move that could help push an auction process forward.
Believes Potbelly is Deeply Undervalued and only a Reconstituted Board can Create Needed Shareholder Value
Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in Potbelly Corp , where a total volume of 854 contracts has been traded thus far today, a contract volume which is representative of approximately 85,400 underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 51.9% of PBPB's average daily trading volume over the past month, of 164,595 shares.
Here's what you need to know now for Friday, Jan. 5.
The restaurant chain has received multiple expressions of interest from private equity firms, who have offered prices in the mid-teens.
Privet Fund Management has stepped up its campaign against sandwich chain Potbelly, threatening to nominate directors at the company's annual meeting.
Board of Directors to Continue Review of Strategic Alternatives
Stock futures hold higher on Friday, Nov. 3, as job growth rebounds in October after hurricanes wreaked havoc with the September number.
The restaurant company is fending off an activist shareholder that's ruffling some serious feathers.
Investors in Potbelly Corp saw new options become available this week, for the November 17th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the PBPB options chain for the new November 17th contracts and identified one put and one call contract of particular interest.
In recent trading, shares of Potbelly Corp have crossed above the average analyst 12-month target price of $12.00, changing hands for $12.30/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
So far in 2017, we have had to say farewell to many CEOs, including these.
Jonathan Heller bores his buddies with his theories about the restaurant space and why restaurant stocks are having a rough year.
Small-cap restaurant chains in particular are down for the year to date despite some recent upticks.
The embattled restaurant chain postponed the deadline for director nominations as it enters its sixth month of a strategic review.
Disney has created one of the most impressive boards of directors in modern business.
Some of the big names are doing well, but it has been a struggle for many others, include Ruby Tuesday.
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