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Stock Market & Financial Investment News

News Breaks
February 14, 2014
06:24 EDTGNCGNC Holdings earnings miss weather related, says Deutsche Bank
Deutsche Bank attributes GNC Holdings' Q4 earnings miss and weaker than expected outlook to the weather and thinks the company will see pent-up demand once the weather turns. The firm lowered its price target for shares to $55 from $62 and keeps a Buy rating on the stock.
News For GNC From The Last 14 Days
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April 22, 2015
13:44 EDTGNCVitamin Shoppe jumps after Carlson discloses 5% stake
The shares of Vitamin Shoppe (VSI) are climbing after asset management firm Carlson Capital revealed that it had obtained a 5.34% stake in the company and said that it had held talks with the retailer of natural treatments, supplements and vitamins. WHAT'S NEW: Carlson disclosed its stake in the company in an SEC filing and said that it had held talks with the company's board about a number of matters, including the company’s business, management and strategic alternatives and direction. Carlson said it would continue to hold talks with the company, and others, about these issues. WHAT'S NOTABLE: Vitamin Shoppe reported last October that it had spoken to investment banks about retaining a financial adviser, Reuters reported at the time. The retailer had come under pressure to consider selling the company, added the news service. In February, New York's attorney general accused a Vitamin Shoppe competitor, GNC (GNC) of selling products whose content did not match their labels. Vitamin Shoppe's CEO said that, despite the fact that it was not targeted by the attorney general, it saw a slight impact on its sales from the news, according to trade website NUTRA ingredients-usa.com. PRICE ACTION: In mid-afternoon trading, Vitamin Shoppe jumped 10.7% to $43.12, while GNC gained 2.8% to $47.25.
12:18 EDTGNCCarlson Capital reports 5.34% stake in Vitamin Shoppe, says plans more talks
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