Advertisement
Canada markets open in 4 hours 15 minutes

  • S&P/TSX

    21,885.38
    +11.66 (+0.05%)
     

  • S&P 500

    5,048.42
    -23.21 (-0.46%)
     

  • DOW

    38,085.80
    -375.12 (-0.98%)
     

  • CAD/USD

    0.7327
    +0.0003 (+0.05%)
     

  • CRUDE OIL

    83.61
    +0.04 (+0.05%)
     

  • Bitcoin CAD

    87,938.80
    +459.66 (+0.53%)
     

  • CMC Crypto 200

    1,389.58
    -6.95 (-0.50%)
     

  • GOLD FUTURES

    2,360.80
    +18.30 (+0.78%)
     

  • RUSSELL 2000

    1,981.12
    -14.31 (-0.72%)
     

  • 10-Yr Bond

    4.7060
    +0.0540 (+1.16%)
     

  • NASDAQ futures

    17,725.50
    +158.00 (+0.90%)
     

  • VOLATILITY

    15.59
    +0.22 (+1.43%)
     

  • FTSE

    8,105.98
    +27.12 (+0.34%)
     

  • NIKKEI 225

    37,934.76
    +306.28 (+0.81%)
     

  • CAD/EUR

    0.6819
    -0.0002 (-0.03%)
     

Advanced Auto Parts targeted; Key Executive move sinks Gap but lifts Ralph Lauren

Susannah Lee

Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.

Ralph Lauren

Shares of Ralph Lauren (RL) rose sharply higher as its founder steps down as CEO. Mr. Lauren will remain as executive chairman and chief creative office. He'll be replaced by the president of Gap's Old Navy division. Ralph Lauren stressed the move was about taking the company to the next level and not him stepping down.

Gap

Consequently, shares of the Gap (GPS) dropped on the move. The stock was downgraded at several firms to their lowest rating after losing its key executive, including at UBS, Mizuho Securities and Bank of America. Piper Jaffray also revised The Gap to an "underweight" on concerns about the impact of Stefan Larsson's departure.

ADVERTISEMENT

Get the Latest Market Data and News with the Yahoo Finance App

Advance Auto Parts

Advance Auto Parts (AAP) surged for being targeted by an activist investor. Hedge fund, Starboard Value confirmed it has acquired a 3.7% stake in Advance Auto Parts. Starboard thinks the stock could reach $350 a share, that's a potential gain of more than 100% from the last closing price.