GrowGeneration Could Pull Back - Time to Take Some Profits GRWG shows a bearish divergence between price and the OBV line. Stocks quotes in this article: GRWG
The fast-paced Lightning Round segment of
Mad Money is a viewer favorite. This is when Jim Cramer gives his opinion of stocks requested by callers. Friday night one caller asked about GrowGeneration (GRWG) : This one has tripled, so it s time to take some profits, was Cramer s advice.
We last checked in on GRWG on December 3 and recommended, If you are long GRWG from our August recommendation you are in the driver s seat as the saying goes. First, raise your stop protection to $31 from below $12. Second, take profits at current levels and scale up to $41 if available. Third, do not start to believe that gains like this happen every day of the week.
Office Depot jumps 20% after Staples offers to buy the company for $2.1 billion
Matthew FoxJan 12, 2021, 02:54 IST
A view of the Office Depot store in Annapolis, Wednesday, March 25, 2020.Susan Walsh/AP Photo
The parent company of
Staples offered to acquire the company for $40 per share, or $2.1 billion.
This would be Staples third attempt at buying Office Depot in the last 25 years. In 2015, the FTC said Staples proposed acquisition of Office Depot for more than $6 billion would violate anti-trust law.
Staples went private in 2017 after it sold itself to Sycamore Partners.
The ODP Corporation, parent company of Office Depot, soared as much as 20% on Monday after Staples offered to buy the company for the third time in 25 years.
EV startup Faraday Future is looking to go public via a merger with a SPAC, Bloomberg reported. Property Solutions Acquisition Corp is in talks with Faraday