Rent-A-Center ‘s shares were rising midday Tuesday after activist investor Engaged Capital LLC’s Glenn Welling escalated his campaign at the furniture and electronics rent-to-own company with a letter suggesting that the “most logical” outcome from a strategic review process is a sale of the enterprise. The letter, addressed to the company’s board, also said that Welling was prepared to nominate a slate of dissident director candidates if the company didn’t act “objectively and expediently” for all shareholders.
Category: RentACenter
3 Stocks Hit Hard By Downgrades This Week
After President Donald Trump’s inaugural speech, the markets managed a small rally Friday with the Dow Jones Industrial Average and S&P 500 clinging to narrow weekly gains of 0.48% and 0.34%, respectively. While much of the speech was rhetoric that we’ve already heard, it was made fairly clear that, by Monday, we’ll see actions in terms of executive orders that will set the tone for the administration.
Why GNC Holdings, Aaron’s, and Dean Foods Slumped Today
The stock market lost ground on Thursday, as investors sent the Dow Jones Industrials below the level at which the average began the year. Losses for the S&P 500 and Nasdaq Composite were modest at around a third of a percent, but they reflected a downbeat attitude among investors, who are struggling to predict what’s likely to happen on the political and macroeconomic fronts for the remainder of the year and beyond.