Time Warner Cable, Cablevision jump on M&A speculation, Pep Boys pops on deal talk, ETSY tanks after Q1 loss
Time for your daily dose of trending tickers, the stocks you're following based on your Yahoo Finance ticker searches.
ETSY
Etsy (ETSY) is tanking after reporting a loss in the first quarter. The online craft market place posted earnings loss of $.84 a share. Revenue came in just slightly above estimates. The company said the strong dollar could continue to slow sales from overseas in the coming quarters.
CABLEVISION AND TIME WARNER CABLE
Both Cablevision (CVC) and Time Warner Cable (TWC) are gaining on news that French holding company Altice is buying U.S. cable group Suddenlink for $9.1 billion. Reuters reports this hasn't dampened the French media group's interest in Time Warner Cable.
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PEP BOYS
Takeover talks are pushing shares of Pep Boys (PBY) higher today. Private equity firm Golden Gate Capital has reportedly expressed interest in buying the auto-parts retailer, sending its stock soaring. Pep Boys posted a loss of more than $27 million dollars for its most recent fiscal year.