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InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Proxima Studio / Shutterstock.com Ford (NYSE: F ) stock is rising higher on Tuesday as investors react to news of increasing electric vehicle (EV) sales from the automotive company. According to a Fo...
Shares of social-fashion company Poshmark (NASDAQ: POSH) jumped on Tuesday after management agreed to being acquired by Naver for $17.90 per share. As of 10:30 a.m. ET, Poshmark stock was up 13%. Naver is a Korean internet company that's buying Poshmark. Naver claims that i...
Poshmark Inc ( NASDAQ: POSH ) opened nearly 15% up on Tuesday after Naver Corp ( KRX: 035420 ) said it will buy the social commerce marketplace for $1.20 billion. Details of the announced agreement The $17.90 a share transaction is expected to complete by the first quart...
Stocks are trying to make up for lost time, having posted a huge jump on Monday and looking to follow it up with further gains Tuesday morning. As of shortly before 10 a.m. ET, the Nasdaq Composite (NASDAQINDEX: ^IXIC) had risen nearly 3% to build on Monday's performance. One of...
The move by Korean conglomerate Naver to acquire Poshmark ( NASDAQ: POSH ) for a notable premium is a big positive for its e-commerce peers, according to Wedbush. On Monday evening, the South Korean company announced it had entered into a definitive agreement to acqu...
The apparel resale market was jolted by the acquisition of Poshmark ( NASDAQ: POSH ) by South Korean search giant Naver for $1.2B. The deal price of $17.90 marked a 15% premium over Poshmark's ( POSH ) closing price. Poshmark will continue to operate under its ...
Naver ( OTCPK:NHNCF ) to acquire all of the issued and outstanding shares of Poshmark ( NASDAQ: POSH ) for $17.90 in cash, representing an enterprise value of ~$1.2B. This represents a premium of 15% to Poshmark's closing stock price as of October 3, 2022, a 34% premiu...
Poshmark stockholders to receive $17.90 per share in cash Acquisition expands and diversifies Naver’s leading e-commerce platform, strengthens its community with a global social network of younger users, and positions it to capitalize on the global online fashion re-com...
Summary Poshmark has had a solid Q2 financial performance with growth in revenue and other key metrics. The company continues to post net losses, and other profitability metrics have worsened YoY. Poshmark faces major risks facing from increased competition and a slowdown in t...
REDWOOD CITY, Calif., Sept. 12, 2022 (GLOBE NEWSWIRE) -- Poshmark Inc. (Nasdaq: POSH), a leading social marketplace for new and secondhand style, today announced it has received a 10-Year Partnership Award from the U.S. Postal Service (USPS), a prestigious award celebrating the longstanding...
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NEW YORK, NY / ACCESSWIRE / November 22, 2022 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: IAA, Inc. (NYSE: IAA)'s sale t...
Q3 Total Revenue Increased 11% Year-over-Year to $88.4 million Q3 Gross Merchandise Value Increased 7% Year-over-Year to $475.6 million Q3 Adjusted EBITDA was ($8.0) million with (9.0%) margins REDWOOD CITY, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Poshmark, Inc. (NASDA...
NEW YORK, NY / ACCESSWIRE / October 30, 2022 / Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: KnowBe4, Inc. (NASDAQ:KNBE)'s s...