Scotts Miracle-Gro disclosed a 6% drop in quarterly sales and a 25% cut in its fiscal year EBITDA forecast, along with a $20 million write-down of excess pandemic inventory. Following this, its share price fell 19% in one day. The company and some executives are now facing a securities class action lawsuit for allegedly withholding material information. A court recently allowed the lawsuit to proceed, while law firm Kahn Swick & Foti is investigating potential breaches of fiduciary duty by Scotts' leadership.
Intel recently sold $20 billion worth of its stock at $95 per share. Since the sale, the stock price has dropped and is now trading below $93. This decline means investors who bought at the offering price are facing immediate losses. The price moveme...
Masayoshi Son holds 67% of SoftBank's U.S. stock portfolio in Intel shares. Despite this large stake, SoftBank did not purchase any additional Intel shares in the last quarter. This suggests a pause or cautious approach in expanding their investment ...
Joseph Devivo, CEO of Butterfly Network, sold 68,346 shares of the company. Insider sales like this can indicate personal financial decisions or strategic moves regarding the company's stock. Investors often watch such transactions closely as they ma...
Chip stocks declined this week not because of any industry-specific news but due to the 30-year Treasury yield reaching its highest level in 19 years. Rising long-term yields often pressure growth stocks like chipmakers, as higher rates increase borr...
Kahn Swick & Foti, LLC, led by former Louisiana Attorney General Charles C. Foti, Jr., is investigating Acadia Healthcare following the company's disclosure of a U.S. Attorney's Office inquiry and grand jury subpoena related to its admissions, length...
