Wall Street wants to get a winning day under its belt before getting key economic data and monetary policy decisions later in the week.
Candy store chain It’Sugar LLC filed for Chapter 11 bankruptcy protection Tuesday, unable to weather a pandemic-related sales slump without rent relief from its landlords.
BBX Capital's (BBX -0.2%) board set September 22, 2020 for determining shareholders entitled to receive the distribution of shares in relation to the former's proposed spin-off of its subsidiary, BBX Capital Florida.Post spin-off completion, shareholders will continue to own their shares and will also receive one share of New BBX Capital’s class A and class B common stock for each share of the BBX class A and class B common stock held as of the close of business on September 22, 2020.Currently, BBX expects that the distribution of New BBX Capital’s shares will occur on September 30, 2020.BBX has scheduled a special meeting of its shareholders, to be held in virtual format only on September 25, 2020, for the purpose of approving the spin-off and the company’s contemplated name change to Bluegreen Vacations Holding in connection with the spin-off.
BBX Capital (NYSE:BBX): Q2 GAAP EPS of -$1.96 misses by $1.15.Revenue of $94.32M (-62.5% Y/Y) misses by $22.68M.Press Release
Bluegreen Vacations (BXG +19.5%) declared a special cash dividend of $1.19/share on its common stock.BBX Capital (BBX +6%), holder of 93% ownership interest in BXG, granted an undertaking to BXG for utilizing the proceeds of the special dividend towards repayment of the former's O/S $80M debt owed to Bluegreen Vacations.
BBX Capital (NYSE:BBX) declares $1.19/share special dividend.Payable Aug. 21; for shareholders of record Aug.
Bluegreen Vacations (NYSE:BXG) declares $1.19/share special dividend.Payable Aug. 21; for shareholders of record Aug.
Analysts have been eager to weigh in on the Financial sector with new ratings on BBX Capital (BBX – Research Report) and Progressive (PGR – Research Report). BBX Capital (BBX) In a report released today, Mike Crawford from B.Riley FBR maintained a Buy rating on BBX Capital, with a price target of $7.00. The company’s
BBX Capital (NYSE:BBX) +36.4% AH after it announces to spin off into two separate, publicly-traded companies (i) the Company, Bluegreen Vacations holding company (NYSE:BXG) holding other businesses an
BBX Capital (NYSE:BBX) +36.4% AH after it announces to spin off into two separate, publicly traded companies (i) the Company, Bluegreen Vacations holding company (NYSE:BXG) holding other businesses an
BBX Capital (NYSE:BBX) +36.4% AH after it announces to spin off into two separate, publicly traded companies. BBX Capital and all Non-Bluegreen related business termed as New BBX Capital. Each shareho
SNNA – SNNA leads the way today as the best performing small cap stock, closing up 34.46%.
UNFI – UNFI leads the way today as the best performing small cap stock, closing up 45.65%.
FTSI – FTSI leads the way today as the best performing small cap stock, closing up 1,575.28%.
Gainers: CymaBay Therapeutics (NASDAQ:CBAY) +134%.Novavax (NASDAQ:NVAX) +67%.Babcock & Wilcox (NYSE:BW) +48%.Gamida Cell (NASDAQ:GMDA) +43%.Grubhub (NYSE:GRUB) +34%.BBX Capital (NYSE:BBX) +30%.Uni
If the pandemic doesn't last too long, or if we can find a vaccine/cure sooner rather than later, there could be a quick and sharp snapback.