Shares of Ann (ANN) got a 7% lift on news it may be selling itself. Reuters reported the parent of women's retailer Ann Taylor is in advanced talks with private equity firm Golden Gate Capital. The deal could be worth around $2 billion.
Investors packed their leather bags and said goodbye to Tumi (TUMI) on Thursday. Shares of the upscale luggage maker tumbled 15% as earnings met estimates but revenue fell short. Tumi also lowered its profit and revenue guidance for the rest of the year. The stock has a consensus rating of Hold and an average price target of $23.00.
It's a sunny day for Sunedison (SUNE) despite some dreary numbers. The solar-energy company reported a loss and missed estimates, but the stock surged 8% anyway. That's because or an upbeat outlook. Investors focused on numbers showing the company is generating a record amount of power and has a healthy backlog of orders. Sunedison also said it was building two new wind energy projects and detailed new expansion plans in emerging markets.