Here are three hot stocks the Yahoo Finance team will be watching for you today:
Crocs (CROX), which announced late yesterday that Blackstone Group (BX) will be investing $200 million in the shoe company for a 13% stake and two board seats. Crocs plans to use the money to help pay for a $350 million stock repurchase it hopes to launch early next year. Crocs also announced that CEO John McCarvel is retiring in April and will also be stepping down from the board. For the year, Crocs stock is down almost 10%. The news sent the stock up more than 18% Monday morning.
Next, Apple, which is urging shareholders to reject a $50 billion share repurchase proposal from billionaire investor Carl Icahn, according to a proxy filing submitted to the SEC. Also in Apple news, CEO Tim Cook took home $4.25 million this year, which is not much different from last year's $4.2 million, according to a regulatory filing. Apple stock has had a tough year. It’s currently up 2% year-to-date.
Finally, it’s been quite a year for Twitter. The social media company has seen shares soar over 41% since it's IPO back in early November. Last week, shares rose 22% by the end of trading Thursday, for no clear reason. But then came news Friday of a downgrade by Macquarie Capital to underperform from neutral. Twitter stock then fell 13% by the end of Friday. It was down more than 5% early Monday.
- Investment & Company Information
- Blackstone Group