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Stock Market & Financial Investment News

News Breaks
January 17, 2013
10:07 EDTWSMWilliams-Sonoma falls after holiday sales report, levels to watch
Shares are down nearly 6% at time of writing after the company last night updated holiday sales revenue, which was up 4.8% and reaffirmed its outlook. This morning Raymond James and Goldman both cut recommendations to Market Perform and Neutral, respectively. The stock is now well below its 10-day moving average, last at $46.13 and now major resistance. At the current price of $44.40, next support is at $43.42.
News For WSM From The Last 14 Days
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April 13, 2015
06:22 EDTWSMGap, Target, others scrutinized by NY AG over staffing practices, WSJ says
Several major retailer including Gap (GPS) and Target (TGT) are under investigation by New York Attorney General Eric Schneiderman over their staffing practices and whether they require workers to show up or stay home with little notice, The Wall Street Journal reports. Schneiderman sent letters warning Abercrombie & Fitch (ANF), JC Penney (JCP), Urban Outfitters (URBN), TJX Cos (TJX), Ann Inc (ANN), L Brands (LB), Burlington Stores (BURL), Sears Holdings (SHLD), Williams-Sonoma (WSM) and J Crew Group that he believes the chains are using on-call scheduling and that such practices may be in violation of New York laws. Reference Link

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