Top 3 Weekly Performers: RCS Capital Corp (RCAP), El Pollo LoCo Holdings Inc (LOCO), And Wayfair Inc (W)
New York, NY – GDP INSIDER – 01/07/2014.
RCS Capital Corp (NYSE:RCAP) edged up on positive sentiments from the management regarding the future of the business. Commenting on successful fundraisers in 2014, the CEO, Michael Weil, noted that there was overwhelming confidence in their platform in the market and among advisors. As such, they hope to capitalize on the confidence to get more things done to improve shareholder value.
The company reported that $9.7 billion was raised through equity in 2014, with $270 million being raised in December. The strong sales figures are viewed as a source of inspiration everywhere, and have been good to support positive rally in the stock.
Meanwhile, RCS Capital Corp (NYSE:RCAP) recently announced new appoints to its board and retirement of some directors. However, the company maintained that its current board members bring significant industry experience, which is good for its growth.
Following a massive decline in the share price of El Pollo LoCo Holdings Inc (NASDAQ:LOCO), analysts are beginning to change their tone on the stock positively. For example, analysts at Robert W. Baird upgraded the stock to an equivalent of a “Buy” from “Neutral”. The firm further increased its target price on the restaurant operator to $34 from $20.26.
Additionally, analysts at Jefferies upgraded the stock to “Buy” from “Neutral”.
International expansion, rapid growth and improving margins are some of the positive indications in El Pollo LoCo Holdings Inc (NASDAQ:LOCO). The stock also appears to be a safe haven for investors escaping the fallout in the oil industry.
Wayfair Inc (NYSE:W) said its Class A common shares increased at the end of 2014 compared to what was reported in the previous quarter. The increase in Class A shares helped to address certain shortfalls that had been raised by some investors.
According to Wayfair Inc (NYSE:W), the increase in the number of Class A shares was achieved through the conversion of Class B shares by certain willing institutional investors. Therefore, there were more than 37 million Class A shares on December 31, compared with about 12.6 million in an earlier quarterly report.
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