Release

Today’s Research Reports on Stocks to Watch: GNC Holdings and Bed Bath & Beyond

GNC Holdings shares catapulted yesterday after traders learned that the company received the go-ahead to get a large investment from Harbin Pharmaceutical Group Holdings for $300 million. Shares of Bed Bath & Beyond Inc. were trading lower on news of two potential store closings.

RDI Initiates Coverage on:

GNC Holdings, Inc.
https://rdinvesting.com/news/?ticker=GNC

Bed Bath & Beyond Inc.
https://rdinvesting.com/news/?ticker=BBBY

GNC Holdings, Inc. shares were up 26.30% at the close on Thursday with around 15.1 million shares traded. Average trading volume for the stock is just under 1.8 million shares. The stock exploded as much as over 30% after it was revealed that a large investment got the green light to move forward. The Committee on Foreign Investment in the United States approved Harbin Pharmaceutical Group Holding’s $300 million investment in GNC. The investment will make it GNC’s biggest investor. The companies are also forming a joint venture in China to manufacture, market, and sell products there. As per the agreement from February, Harbin will receive $300 million of convertible preferred shares, which convert to common stock at $5.35 per share. The preferred shares will come with a 6.5% annual coupon. GNC says it will use the money to repay outstanding debt and for corporate purposes.

Access RDI’s GNC Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GNC

Bed Bath & Beyond Inc. shares were down a little over 6% on Thursday with around 7.2 million shares traded. The home furnishings company, which sells bed and bath accessories as well as cooking supplies, saw its shares fall after Wall Street learned about potential store closings. The company said it would close the doors on two Long Island stores as soon as this fall if it couldn’t negotiate new and more favorable building leases. The company’s management had already said as many as 40 stores could close by the end of fiscal 2018 if leases weren’t more favorable for the struggling retailer. Spokeswoman for the company, Jessica Joyce, stated, "As we recreate the foundational structure of our company over the next several years, our stores remain a critical part of the equation to achieving our growth objectives. We remain focused on optimizing our real estate portfolio, including the potential closing of stores and/or the sale of real estate assets, along with the opening of some new stores."

Access RDI’s Bed Bath & Beyond Inc. Research Report at:
https://rdinvesting.com/news/?ticker=BBBY

Our Actionable Research on GNC Holdings, Inc. (NYSE: GNC) and Bed Bath & Beyond Inc. (NASDAQ: BBBY) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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