US2107511030 - Common Stock
Get insights into the top gainers and losers of Thursday's pre-market session.
Beyond Inc. has concerns about The Container Store Group Inc.’s ability to satisfy certain new financing requirements needed to complete its $40 million investment in the company, according to a statement on Wednesday.
The Container Store Group, Inc. struck a deal for $40 million in preferred equity from Beyond, Inc. as part of a new strategic partnership, according to a press statement on Tuesday.
It had all the hallmarks of a corporate raider gearing up for a hostile takeover of The Container Store Group Inc., a home-goods retailer whose stock cratered after a fleeting surge during the pandemic daytrading frenzy.
TCS stock jumped more than 80% Thursday for seemingly no reason. Are investors mixing up The Container Store with Tata Consultancy Services?
While there are some consumer goods companies that will always do well, these three are retail stocks to sell given the current economy.
The Container Store could be on the brink of delisting, and investors tend to agree, with shares of TCS stock hovering below a key level.