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Waddell & Reed Financial said Wednesday that is making several changes to its leadership team due to the departure of Thomas Butch, who was formerly head of its broker-dealer, marketing and certain mutual fund operations.
Shawn M. Mihal will become president of Waddell & Reed Inc. (WRI), the firm’s registered broker-dealer. Mihal has served as COO of the BD; he joined the unit as its chief regulatory and compliance officer in March 2015.
Nikki F. Newton will serve as president of Ivy Distributors Inc., or IDI, which distributes and underwrites Ivy Funds. He has been with the company since January 1998 and recently has been head of global relationships for Ivy Funds.
CFO Brent K. Bloss will act at Waddell & Reed’s chief operating officer; he will stay in the CFO role though Dec. 31. The company says its board plans to tap Chief Accounting Officer Benjamin R. Clouse as its CFO in 2018.
Hot Financial Stocks To Own For 2019: Camping World Holdings, Inc. (CWH)
- [By Joseph Griffin]
Camping World (NYSE:CWH) was downgraded by research analysts at TheStreet from a “c-” rating to a “d+” rating in a note issued to investors on Tuesday.
- [By ]
Camping World (CWH) dropped as much as 17% in trading Tuesday after the company reported revenue growth of 21%, a deceleration from the previous quarter’s growth of 35%. Additionally, CEO Marcus Lemonis said that unseasonably cold weather likely impacted the early part of the industry’s peak selling season.
- [By Ethan Ryder]
Camping World (NYSE:CWH) insider Marcus Lemonis acquired 8,000 shares of Camping World stock in a transaction that occurred on Wednesday, May 16th. The stock was acquired at an average price of $22.11 per share, with a total value of $176,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
- [By Dan Caplinger]
The stock market was mixed on Thursday, with strength for the Dow Jones Industrial Average standing in contrast to weakness among the key technology stocks in the Nasdaq Composite. For the most part, those impacts canceled each other out for the broader market, with theS&P 500 showing only minimal changes from yesterday’s levels. The volatility shows that investors generally have some uncertainty about the future direction of the market, but some stocks managed to post substantial gains. Camping World Holdings (NYSE:CWH), Axovant Sciences (NASDAQ:AXON), and Sonic (NASDAQ:SONC) were among the best performers on the day. Here’s why they did so well.
- [By Steve Symington]
Shares of Camping World Holdings Inc. (NYSE:CWH) were down 17.3% as of 3:00 p.m. EDT Tuesday after the RV dealer announced mixed first-quarter 2018 resultsand warned of a slow start to its peak selling season.
- [By Rick Munarriz]
One of last week’s biggest winners wasCamping World Holdings(NYSE:CWH), soaring 30.6% after getting a chance to defend its recent actions before national and Wall Street audiences. CEO Marcus Lemonis appeared on CNBC’s Mad Money, detailing the RV and outdoors enthusiast retailer’s growth prospects. It’s fitting, as Lemonis himself is the host of CNBC’s The Profit. He alsopresented at Baird’s Global Consumer, Technology & Services Conference.
Hot Financial Stocks To Own For 2019: The First of Long Island Corporation(FLIC)
- [By Joseph Griffin]
Get a free copy of the Zacks research report on First of Long Island (FLIC)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Hot Financial Stocks To Own For 2019: Juniper Pharmaceuticals, Inc.(JNP)
- [By Chris Lange]
Juniper Pharmaceuticals Inc. (NASDAQ: JNP) shares rallied early on Tuesday after the company announced that it would be acquired by Catalent. The transaction is expected to close in the third quarter of 2018.