According to a tweet by Dealreporter, Sprint Corporation (NYSE:S) chairman Masayoshi Son is lining up financing for a T-Mobile US (TMUS) bid. Shares of both companies, which spiked following initial headlines of the report, remain higher in afternoon trade. T-Mobile shares are up 4.5% to $31.50, while shares of Sprint are higher by just less than 7% to $8.38. Sprint Corporation (NYSE:S) stock opened at $7.76 in last trading session, and closed at $8.50, trading in the range of $7.42 – $8.73. The stock showed a negative weekly performance of -1.73%.
Ralph Lauren Corp (NYSE:RL) said its fiscal third-quarter profit climbed 9.7% on improved wholesale and retail sales. The company raised its estimate for revenue growth in the current fiscal year to 7%, the high end of its previous range of 5% to 7% growth. Ralph Lauren Corp (NYSE:RL) stock decreased -3.55% and finished the last session at $148.71. The EPS of the stock remained 7.85. Company’s market capitalization is $13.43 billion.
Shares of Estee Lauder Cos. (NYSE:EL) was the recipient of some unusual options trading activity on Tuesday. Investors bought 13,841 call options on the company, American Banking and Market News reports. This represents an increase of approximately 902% compared to the average daily volume of 1,382 call options. Estee Lauder Companies Inc (NYSE:EL) stock opened at $69.55 in last trading session, and closed at $65.36, trading in the range of $63.63 – $69.55. The stock showed a negative weekly performance of -4.64%.
Equities research analysts at Deutsche Bank decreased their price objective on shares of Cerner Corp. (NASDAQ:CERN) from $71.00 to $68.00 in a research note issued to investors on Wednesday, AR Network reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price target would suggest a potential upside of 20.14% from the stock’s previous close. Cerner Corporation (NASDAQ:CERN) stock opened at $56.25 in last trading session and closed at $53.21. The 52 week range of the stock is $41.41 – $59.42 and the day range was $51.65 – $56.48.