PRPL Stock Recent News

Purple Innovation (PRPL) could produce exceptional returns because of its solid growth attributes.

Purple Innovation (PRPL) could be a great choice for investors looking to buy stocks that have gained strong momentum recently but are still trading at reasonable prices. It is one of the several stocks that made it through our 'Fast-Paced Momentum at a Bargain' screen.

Mattress maker Purple Innovation Inc. PRPL, -0.17% said Thursday it is “disappointed” that within days of a special committee rejecting a bid for the company from Coliseum Capital Management LLC, the hedge fund is seeking to replace most of the board. “The Special Committee acknowledges that Coliseum, as a 44.7% shareholder of Purple, is entitled to reasonable representation on the Board, and notes that Coliseum's Managing Partner Adam Gray has served on the Board since the time that Purple went public in 2018,” the company said in a statement.

Purple Innovation (PRPL) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.

Joe Megibow, Purple CEO, joins 'Power Lunch' to discuss supply chain disruptions, the retail investor interest and the company's product offerings.