Steve Wynn agreed to give up control over his ex-wife’s shares of Wynn Resorts Ltd., potentially ending their six-year legal battle days after he resigned from the casino company following accusations of sexual harassment.
If a judge approves, Steve Wynn’s voting power will shrink to 11.8 percent of the shares, with Elaine Wynn able to determine what to do with her 9.4 percent stake. That may leave Wynn Resorts more vulnerable to activists or potential acquirers.
The company said in a filing Friday that Steve Wynn has no immediate plans to sell his shares and would only do so in an orderly fashion in any case. At one point Wynn, 76, had corralled more than a third of the voting rights at the company, making an unfriendly takeover virtually impossible.
Elaine Wynn previously said she wanted the ability to sell her shares so she could focus on philanthropy. Her spokeswoman declined to comment Friday.
Best Casino Stocks For 2019: eHealth Inc.(EHTH)
- [By Lisa Levin] Gainers
Genprex, Inc. (NASDAQ: GNPX) jumped 46.7 percent to $16.1331. The low-float small-cap clinical stage gene therapy company saw its stock rally nearly 150 percent from Monday through Thursday. Formal news hasn't been announced this week that would support a triple-digit percentage rally (including more than 200 percent at one point on Thursday) but the quiet period following its initial public offering will expire on May 8.
Celyad SA (NASDAQ: CYAD) shares gained 24.7 percent to $36.17. Celyad reported the publication of THINK study case report of CYAD-01 Induced Complete Remission in relapsed/refractory AML patient in haematologica.
DMC Global Inc. (NASDAQ: BOOM) shares jumped 23.2 percent to $39.00 after the company reported upbeat Q1 results and issued upbeat Q2 guidance.
eHealth, Inc. (NASDAQ: EHTH) gained 21.8 percent to $19.58 as the company posted upbeat Q1 results.
Enova International, Inc. (NYSE: ENVA) climbed 20.4 percent to $27.20 following Q1 results.
SVB Financial Group (NASDAQ: SIVB) shares jumped 18.2 percent to $304.135 following strong quarterly results.
Knowles Corporation (NYSE: KN) gained 13.9 percent to $12.70 as the company reported Q1 results.
Zymeworks Inc. (NYSE: ZYME) gained 13.8 percent to $17.36.
Cocrystal Pharma, Inc. (NASDAQ: COCP) rose 11.8 percent to $2.336 after declining 25.09 percent on Thursday.
ImmunoGen, Inc. (NASDAQ: IMGN) shares surged 11.7 percent to $11.75 after the company announced 'successful completion of interim analysis' for FORWARD I Phase 3 mirvetuximab soravtansine trial.
Eloxx Pharmaceuticals, Inc. (NASDAQ: ELOX) gained 9.5 percent to $12.70.
Expedia Group, Inc. (NASDAQ: EXPE) shares rose 8.5 percent to $115.3801 after the company reported stronger-than-expected earnings for its first quarter on Thursday.
Sprint Corporation (NYSE: S) shares rose 8.3 percent to $6.50. The stock moved higher after a Reuters report suggested ongoing merger talks with T-M
- [By Lisa Levin]
Shares of eHealth, Inc. (NASDAQ: EHTH) got a boost, shooting up 19 percent to $19.04 as the company posted upbeat Q1 results.
SVB Financial Group (NASDAQ: SIVB) shares were also up, gaining 17 percent to $301.12 following strong quarterly results.
- [By Lisa Levin]
Shares of eHealth, Inc. (NASDAQ: EHTH) got a boost, shooting up 16 percent to $18.64 as the company posted upbeat Q1 results.
Enova International, Inc. (NYSE: ENVA) shares were also up, gaining 25 percent to $28.35 following Q1 results.
Best Casino Stocks For 2019: NorthStar Realty Europe Corp.(NRE)
- [By Stephan Byrd]
NorthStar Realty Europe (NYSE:NRE) has been assigned a consensus recommendation of “Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $17.17.
Best Casino Stocks For 2019: National Commerce Corporation(NCOM)
- [By Logan Wallace]
National Commerce (NASDAQ:NCOM) was downgraded by BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.
Best Casino Stocks For 2019: Home Federal Bancorp Inc.(HOME)
- [By Logan Wallace]
TRADEMARK VIOLATION WARNING: “Positive News Coverage Somewhat Unlikely to Affect At Home (HOME) Stock Price” was published by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another site, it was illegally copied and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3356638/positive-news-coverage-somewhat-unlikely-to-affect-at-home-home-stock-price.html.
- [By ]
Real Money columnist Robert Lang says that while retail “has certainly had its challenges over the past couple of years, between difficulties in the mall and then the big gorilla in the room, Action Alerts PLUS holding Amazon (AMZN) …there are a handful of names that continue to perform well, one of those is At Home Group (HOME) .