Published March 04, 2014
RadioShack Gets Zapped and Other #Stocks2Watch
#Stocks2Watch: RadioShack Gets Zapped
RadioShack shares nose-dived on Tuesday after the retailer posted a plunge in same-store sales.
RadioShack (NYSE:RSH) revealed a 19% drop in same-store sales and plans to shutter 1,100 stores. Shares of the struggling electronics retailer are plunging more than 20%.
Qualcomm (NASDAQ:QCOM) boosted the size of its share buyback program by $5 billion and hiked its dividend 20%. The shares are up just north of 2%.
Yandex (NYSE:YNDX) is posting a big rebound rally as tension between Ukraine and Russia cools off. The company, seen as the Google of Russia, saw its shares tumble Monday when war in Eastern Europe appeared imminent.
Apple CFO Peter Oppenheimer will be retiring from the world’s biggest tech company at the end of September. Oppenheimer will be succeeded by Luca Maestri, the company’s VP of Finance. The shares are up just slightly.
J.C. Penney (NYSE:JCP)
J.C. Penney's (NYSE:JCP) rebound continued Monday after Standard & Poor's lifted the struggling retailer's outlook to "stable" from "negative." The shares are rallying more than 7%.