Staples, Inc. (NASDAQ:SPLS) [Trend Analysis] retains strong position in active trade, as shares scoring 1.03% to $8.80 in a active trade session, while looking at the shares volume, around 10.75 Million shares have changed hands in this session. CEO of Staples (SPLS) Ron Sargent will step down on June 14; Shira Goodman appointed as interim CEO. Sargent will step down from the position of CEO after its Annual Meeting of Shareholders on June 14, 2016, at which time Shira Goodman, co’s President, North America Operations, will become interim CEO.
Upon re-election at the Annual Meeting, Sargent will continue to serve as a director and non-executive Chairman through its 2016 fiscal year ending on January 28, 2017. The process to identify a permanent CEO will be led by a Special Committee of the Board which will consider both internal and external candidates with the support of an executive search firm. The firm has institutional ownership of 96.30%, while insider ownership included 0.20%. SPLS attains analyst recommendation of 2.90 with week’s performance of 6.28%. Investors looking further ahead will note that the Price to next year’s EPS is 1.54%.
SodaStream International Ltd. (NASDAQ:SODA) [Trend Analysis] knocking active thrust in leading trading session, shares a gain of 6.20% to 20.73 with around 1.01 Million shares have changed hands in this session. SodaStream International Ltd. (SODA) reported that it has announced release of its new home beer system, the Beer Bar. The brand is an exciting concept of making quality home-crafted beer using sparkling water and a unique beer concentrate brewed to perfection.
The Beer Bar is unveiled with a light beer called Blondie that has a smooth authentic taste, and a hop filled aroma. The Beer Bar enables consumers to concoct crafted beer in seconds by adding Blondie concentrate to Sparkling Water. Blondie contains 4.5% alcohol by volume, the average level found in most global beer brands. A one liter Blondie bottle yields approximately three liters of beer. The stock is going forward its fifty-two week low with 81.84% and lagging behind from its 52-week high price with -14.97%.
Likewise the positive performance for the quarter recorded as 39.50% and for the year was 0.29%, while the YTD performance remained at 27.10%. SODA has Average True Range for 14 days of 0.69.
Shares of Boyd Gaming Corporation (NYSE:BYD) [Trend Analysis] swings enthusiastically in regular trading session, it a gain of 0.48% to close at $18.91. Boyd Gaming (BYD) reported that to sell its 50% interest in Borgata Hotel Casino & Spa in Atlantic City, New Jersey for consideration of $900 million to MGM Resorts (MGM) and MGM Growth Properties (MGP).
MGM Resorts and MGP have entered into a definitive agreement whereby, following the completion of the acquisition of Boyd Gaming’s interest, MGP will acquire Borgata’s real property from MGM Resorts and lease back the real property to a subsidiary of MGM Resorts, after which a subsidiary of MGM Resorts will operate Borgata, MGM Resorts will pay $600 million for Boyd Gaming’s 50% interest, after consideration of Borgata’s outstanding debt of $600 million, which MGM Resorts (MGM) will assume and refinance. BYD, experts calculate Return on Investment of 8.20%. The stock is going forward its fifty-two week low with 32.98% and lagging behind from its 52-week high price with -11.76%. BYD last month stock price volatility remained 2.37%.