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Shares of Children's Place Inc. took a dive Tuesday after the retailer of children's apparel said longtime Chief Executive Jane Elfers has left the company under a “mutual agreement.”
SECAUCUS, N.J., May 21, 2024 (GLOBE NEWSWIRE) -- The Children's Place, Inc. (Nasdaq: PLCE), an omni-channel children's specialty portfolio of brands with an industry-leading digital-first model, today announced the departure of Jane Elfers, President and CEO, and announced the appointment of Muhammad Umair as the new President and Interim CEO, effective May 20, 2024.
The surge in GameStop (NYSE: GME) and AMC Entertainment (NYSE: AMC) stocks, which added over 100% in their value in just one day, has hinted at the craze that was gripping the stock market when meme mania hit and has already caused short-sellers to lose over $1 billion, while GME and AMC stocks added over $6 billion to their market caps in the process.
The Children's Place (PLCE) reports a wider adjusted loss in Q4, with net sales slightly declining despite strong e-commerce performance. Mobile transactions make up the most of digital interactions.
The Children's Place (PLCE) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run.
The stock of the Children's Place Inc. soared 36% early Wednesday, after the troubled retailer said it has received another loan from Saudi investing firm Mithaq Capital, its majority shareholder, in the latest move to boost liquidity.
The Children's Place Inc. NASDAQ: PLCE stock has had a wild ride in 2024. Shares surged from a swing low of $8.30 on Feb. 9, 2024 to a swing high of $38.03 on Feb. 15, 2024.
The Children's Place (PLCE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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