PRPL News and Press, Purple Innovation Inc. From 07/29/20

As the cliche goes, the only constant is change. I had a great former colleague, we’ll call him Blake B., who asked me a very serious question on investing. Is this the time to put money in, or is this the time to pull money out? I spent some time thinking about this, and the more I del...

LEHI, Utah , July 27, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), the leader in comfort innovation and the creator of the renowned Purple® Mattress, today announced the expansion of its U.S. manufacturing to the East Coast. Before the end of 2020, Purple w...

An uptick in U.S. jobless claims this week is a reminder there's still a real risk of permanent job loss that could spike credit defaults and weigh down economic activity. The expiration of the $600 weekly unemployment bonus and the potential for large employers to use COVID-19 uncertain...

Last week, I reminded investors "stocks don't rise or fall in a straight line, so expecting some form of mean reversion is understandable," and this week, we saw high-flying NASDAQ stocks decline and lessor-loved baskets, such as industrial goods, climb. This rotation isn't too surprising,...

Since going public via reverse merger three years ago, Purple Innovation Inc. (Nasdaq: PRPL) has been largely ignored by the investors, who were more attracted by high-flying startup Casper Sleep (Nasdaq: CSPR) and established players like Tempur Sealy International (NYSE:...

Revenue clarity and accelerating growth in the middle of recession suggests top stocks deserve premium valuations, but stocks don't rise or fall in a straight line, so expecting some form of mean reversion is understandable. That said, stocks tend to climb higher and fall further than most...

Headwinds The odds of a SPAC ultimately succeeding aren't good. Newly de-SPACed companies, those that have gone public via a deal with a special purpose acquisition company/SPAC, face brutal headwinds. Sorting through the carnage in data compiled by SPAC Research , 73% of these stocks h...

Purple Innovation ( PRPL +5.2% ) says that sales improved in May boosted by strong direct-to-consumer sales and demand for mattresses, pillows, and seat cushions. More news on: Purple Innovation, Inc., Consumer stocks news, Read more ...

LEHI, Utah , June 9, 2020 /PRNewswire/ -- Purple Innovation, Inc. (NASDAQ: PRPL) ("Purple"), the comfort innovation company known for creating the Purple Grid™ Mattress, today provided a business update prior to participating in the Oppenheimer 20 th Annual Consumer Growth Confere...

Analyst firm Wedbush Morgan upgraded Williams-Sonoma (NYSE: WSM) from a neutral rating to outperform on Monday, citing a long-lasting change in the home goods market that aligns with this company's product collections. Seth Basham lifted his target price on the stock from $46 to $80 per sha...