Making the Trending Tickers list today as measured by your Yahoo Finance ticker searches are:
Sotheby's (BID): Shares are slightly lower as last night the auction house revealed it spent $5.7 million in its battle with activist shareholder Dan Loeb. The company lost the battle and will also pay $10 million in Loeb's expenses and surrender two board seats. Earnings for the last quarter were decent but there are signs the hot art market may be cooling. Nearly 1/3 of the works in an auction of impressionist and modern works last night went unsold. The auction brought in a relatively disappointing $219 million.
SolarCity (SCTY) is blinding investors today - the stock is up more than 18%. The San Francisco-based company said it booked a new quarterly record of projects and added more than 17,000 customers in Q1. Management told analysts that the company will "remain firmly on track to meet our one million customer target by mid-2018." It's been quite a ride for investors, despite today's gains shares of SolarCity are still 35% lower than all time highs reached last March.
Keurig Green Mountain (GMCR) is the best performing stock in the S&P 500 (^GSPC) today, with shares up more than 12% in recent trading. The single cup coffee pioneer posted better than expected quarterly profits. The company also announced it was expanding its partnership with J.M. Smucker (SJM), agreeing to make and sell Smucker coffee brands in its new brewing systems. With a name like Smuckers the k-cup coffee will still probably be all but undrinkably bland dishwater, but the margins will be fantastic.
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