ESPR - Hot Stocks: Z updates house-flipping unwind; SPWH broken merger; TLYS earnings; ESPR offering; LGVN jumps
Friday's midday trading saw Zillow (NASDAQ:Z)(NASDAQ:ZG) recover a portion of the losses it suffered after its sudden decision recently to close down its home-flipping business. The stock gained after the company revealed progress in winding down the inventory of homes it stockpiled during that endeavor. Longeveron (NASDAQ:LGVN) also stood among the notable midday gainers. Shares expanded their value by over a third in the wake of a positive regulatory decision. Meanwhile, earnings news gave a lift to clothing retailer Tilly's (NYSE:TLYS). The stock posted a double-digit percentage rally after the company's latest results easily beat expectations. On the other side of the spectrum, Esperion (NASDAQ:ESPR) lost some 40% of its value on news of a capital raise. Meanwhile, Sportsman's Warehouse (NASDAQ:SPWH) plunged in intraday action as well, dragged down by an abandoned merger deal. Gainers Zillow (Z)(ZG) scored a nearly 6% intraday rally after the company updated markets on the inventory wind-down
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Hot Stocks: Z updates house-flipping unwind; SPWH broken merger; TLYS earnings; ESPR offering; LGVN jumps