Stamps.com (STMP) and Shake Shack (SHAK) shares jumped late Thursday on view-topping results, while Men’s Wearhouse (MW) lost its shirt. Here’s a look at the bigger movers after the close. Stamps.com Prints Big Profit Stamps.com, which allows users to print their own stamps and shipping labels, reported that third-quarter EPS rose 62% to $1.14, crushing views for 85 cents. Sales rose 37% to $51.7 million, beating estimates for $48 million.
We’re nearly three-fourths of the way through the year, and a lot of new issues have gotten quite a bit of attention in the market. But while some have soared, others have disappointed investors. Let’s take a look at four notable IPOs this year: Shake Shack (SHAK), Fitbit (FIT), Box (BOX) and Etsy (ETSY). Shake Shack’s burgers and frozen custards have attracted long lines, and the East Coast-based chain is in expansion mode. Earlier this month,
Tesla Motors (TSLA) shares regained some ground as the company on Thursday said it will issue $500 million more in common stock to “accelerate the growth of its business.” Secondary offerings are often viewed negatively in that they dilute investors’ ownership. (Shake Shack (SHAK) shares tumbled 15.9% Thursday after Shake Shack priced its own offering.) So what’s the deal with Tesla’s 1.8% rise in the stock market today to 242.51? 3 Things