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Why Ollie's (OLLI) Shares Are Sliding Today
Shares of discount retail company Ollie’s Bargain Outlet (NASDAQ:OLLI) fell 3.8% in the afternoon session after the company reported mixed third-quarter results, where an earnings beat and raised guidance were overshadowed by revenue that fell just short of expectations. Ollie's posted earnings of $0.75 per share, which topped the analyst consensus of $0.73. However, revenue for the period came in at $613.6 million, narrowly missing Wall Street's estimate of $615.3 million. Despite the slight revenue miss, the company's net sales still increased by 18.6% compared to the same period in the previous year. Furthermore, management lifted its sales and earnings outlook for the full year. The market's negative reaction suggested that investors were focused on the revenue miss, indicating that expectations were high heading into the report.
Why F5 (FFIV) Stock Is Up Today
Shares of application security provider F5 (NASDAQ:FFIV) jumped 4.2% in the afternoon session after the company announced an expanded collaboration with NetApp to enhance AI application performance and prepare for the post-quantum cryptography era. The partnership combined F5's application delivery and security platform with NetApp's intelligent data infrastructure. This team-up aimed to support the high-performance demands of AI workloads while also strengthening defenses against emerging cybersecurity threats, particularly those posed by future quantum computing advancements. The collaboration built on a long-standing relationship between the two companies and sought to address the growing need for secure and scalable solutions for businesses using AI and S3 storage environments.
Why Invesco (IVZ) Stock Is Trading Up Today
Shares of asset management firm Invesco (NYSE:IVZ) jumped 2.9% in the afternoon session after the company announced it agreed to repurchase $500 million of its preference shares. The asset manager agreed to buy back the shares from Massachusetts Mutual Life Insurance Company at an 18% premium. A repurchase, especially at a premium, can signal management's confidence in the company's financial standing. Adding to the positive developments, Invesco also formed a partnership with LGT Capital Partners to increase access to private markets for investors in the United States. This news appeared to overshadow a separate report that the company's assets under management had decreased by 0.6% in the previous month.
Why Xponential Fitness (XPOF) Stock Is Trading Up Today
Shares of boutique fitness studio franchisor Xponential Fitness (NYSE:XPOF) jumped 19% in the afternoon session after the company announced a significant debt refinancing and a plan to repurchase all of its convertible preferred stock, a move that prevents dilution for existing shareholders. Xponential Fitness entered into a new credit agreement for a $525 million five-year term loan and a $25 million revolving credit line. The company used the proceeds to refinance its existing debt and to buy back preferred stock that could have been converted into approximately 8.2 million common shares. This action was viewed positively by investors because it prevented the value of existing shares from being diluted. Additionally, the company's Chief Financial Officer noted that the refinancing could also lead to lower interest payments if certain financial milestones were achieved.
Why Carlyle (CG) Stock Is Up Today
Shares of private equity firm Carlyle Group (NASDAQ:CG) jumped 3% in the afternoon session after reports surfaced that the private equity firm was in talks to acquire Japan-based medical products company Hogy Medical. The potential target had a market value of around $826 million. The positive sentiment was further supported by other business developments. Carlyle's Global Credit platform provided a €290 million financing package to Mecachrome Group, a European aerospace and defense components manufacturer.
Why Henry Schein (HSIC) Stock Is Up Today
Shares of dental and medical products company Henry Schein (NASDAQ:HSIC) jumped 2.8% in the afternoon session after Barclays initiated coverage on the company with an 'Overweight' rating and an $86 price target. The rating from the bank reflected a positive outlook on the company's potential for growth. Analyst Glen Santangelo announced the new coverage. Adding to the positive sentiment, Henry Schein also announced an extension of its strategic partnership with KKR. As part of the agreement, KKR's designees, Max Lin and William K. “Dan” Daniel, were set to be renominated for election to the company's board of directors at the 2026 Annual Meeting.
Why Myriad Genetics (MYGN) Stock Is Up Today
Shares of genetic testing company Myriad Genetics (NASDAQ:MYGN) jumped 2.5% in the afternoon session after the company announced it would present new data from eight studies at the 2025 San Antonio Breast Cancer Symposium.
Why Jack in the Box (JACK) Stock Is Trading Up Today
Shares of fast-food chain Jack in the Box (NASDAQ:JACK) jumped 2.1% in the afternoon session after RBC Capital Markets raised its price target on the stock to $25 from $16 and kept its outperform rating. This significant increase in the price target suggested a more optimistic outlook from the investment bank on the company's future stock performance. An "outperform" rating generally means the analyst believed the stock would do slightly better than the overall market. The new target of $25 represented a substantial jump from the previous $16 mark, signaling strong confidence from the analyst.
Why Moelis (MC) Stock Is Up Today
Shares of investment banking firm Moelis & Company (NYSE:MC) jumped 4.5% in the afternoon session after a positive outlook from Morgan Stanley suggested that advisory firms, including Moelis, were poised for a comeback. The investment bank predicted that Moelis, alongside peers Jefferies and Houlihan Lokey, was set for a strong run as sponsor-led deal activity appeared ready for a rebound. An increase in such transactions would directly benefit advisory firms whose core business is to guide companies through these deals. The commentary pointed to a more favorable business environment for the sector.
Why O'Reilly (ORLY) Stock Is Trading Lower Today
Shares of auto parts and accessories retailer O’Reilly Automotive (NASDAQ:ORLY) fell 4.2% in the afternoon session after peer company AutoZone reported first-quarter earnings that revealed underlying financial pressures. Although AutoZone's same-store sales grew, its gross profit as a percentage of sales decreased by 2.03% compared to the prior year. The company noted the drop in gross margin was due to a non-cash LIFO impact. Furthermore, operating expenses as a percentage of sales also increased, which AutoZone attributed to investments in its growth plans. The negative report from a key competitor appeared to weigh on investor sentiment for the broader auto parts retail sector, impacting O'Reilly's stock.