Williams-Sonoma SPRINGS to Life and 4 Hot Stocks Turning Heads
Sunrise Senior Living (NYSE:SRZ): Health Care REIT Inc. (NYSE:HCN), which is an Ohio-based owner of senior housing and health-care properties, has agreed to acquire Sunrise Senior Living Inc. for $14.50 a share for the expansion of its assisted-living facilities. The deal is a 62 percent premium over yesterday’s closing share price of $8.93. The company has about 58.3 million outstanding shares, which indicates a value of $845 million, according to data compiled by Bloomberg. This reflects a real estate value of nearly $1.9 billion, Toledo-based Health Care REIT stated in a statement today.
Dell Inc. (NASDAQ:DELL) dropped 5.8 percent to $11.63 at 9:43 a.m. in New York, which is the largest decline since May 23. Through yesterday, the stock had lost 16 percent this year. Shares of Dell Inc. are trading 7.21% lower today.
Skechers USA Inc (NYSE:SKX) shares enjoy a halo lift, and options speculators bet on an extended ascension for the shoe concern. In early trading, the stock has seen about 2,100 calls cross the tape, which is about 14 times its average intraday call volume. On the other hand, less than 50 SKX puts have traded so far. Shares of Skechers USA Inc are trading 1.92% higher today.
Toll Brothers Inc (NYSE:TOL) stated that housing is mending, but consumer confidence remains fragile. Shares of Toll Brothers Inc are trading 4.72% higher today.
Williams-Sonoma, Inc. (NYSE:WSM), who is the owner of the brands Pottery Barn and West Elm home-goods chains, showed the most advancement in 17 months following the increase of its full-year earnings forecast. The shares were boosted 9.6 percent to $41.91 at 9:59 a.m. in New York, after it reached $42.35 for the biggest intraday gain since March 2011. Before yesterday, Williams-Sonoma had fallen 0.7 percent this year. Shares of Williams-Sonoma, Inc. are trading 9.89% higher today.
Don’t Miss: APPLE: The Comeback Kid.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.