tl;dr
Vizio (NYSE:VZIO) fell 1.1% following concerns raised in an opinion piece comparing Walmart's (NYSE:WMT) planned acquisition of the company to Amazon's (AMZN) attempted purchase of iRobot (IRBT). The piece argues that regulators may prioritize Vizio's products over competitors, similar to concerns i...
Vizio (NYSE:VZIO) fell 1.1% following concerns raised in an opinion piece comparing Walmart's (NYSE:WMT) planned acquisition of the company to Amazon's (AMZN) attempted purchase of iRobot (IRBT). The piece argues that regulators may prioritize Vizio's products over competitors, similar to concerns in the iRobot/Amazon deal.
Walmart has pulled and will refile its HSR notification for the planned $2.3 billion acquisition of Vizio, with the withdrawal effective Wednesday, and the waiting period expected to expire on April 29. This action follows Sen. Elizabeth Warren's request for regulators to scrutinize the deal, along with privacy and antitrust groups expressing concerns about the acquisition's implications for data and privacy. Walmart confirmed last month that it was acquiring Vizio for $11.50 per share in cash, totaling approximately $2.3 billion in fully diluted equity value.
More about Vizio Holding Corp
Vizio Holding Corp (VIZIO) is a household audio and video equipment manufacturer based in Irvine, California. The company's current market cap stands at $2.18 billion, with a stock price of $79 per share. VIZIO has a P/E ratio of 8.56 and a market sentiment score of 0.14, indicating a relatively neutral sentiment among investors. The company's revenue is reported at $1.68 billion, with a net income of $10.13 million. Despite the positive net income, VIZIO's earnings per share (EPS) stands at 1.117, reflecting a decrease of 5.8% compared to the previous period. It is important to note that the stock performance and market sentiment should be interpreted in conjunction with technical indicators such as moving averages, RSI, and Bollinger Bands to make informed investment decisions.
More about Walmart Inc
Walmart Inc. is a leading American multinational retail corporation in the retail-variety stores industry, with a market capitalization of $489.28 billion. The stock is currently trading at $31.79 with a 1.91% increase. The Relative Strength Index (RSI) stands at 80.24, indicating overbought conditions. Market sentiment is slightly bearish with a negative price change of -0.124. The stock has shown a bullish trend with a positive price change of 0.057. However, caution is advised as the stock may be reaching resistance levels and could potentially experience a price reversal in the near future.
More about Amazon.com Inc
Amazon.com, Inc. is a major player in the retail-catalog and mail-order industry, with a market capitalization of $1.867 trillion. The stock is currently trading at $3,474.40, with a 52-week low of $2,881.00 and a 52-week high of $3,773.08. The company's price-to-earnings ratio is 62.01, with a dividend yield of 0.0529. Amazon.com's relative strength index (RSI) is at 55.78, indicating a neutral sentiment in the market. The stock is currently trading above its 200-day moving average of $3,139.25, which suggests a bullish trend. However, it is important to note that past performance is not always indicative of future results, and investors should be cautious of potential risks and uncertainties in the market.
More about iRobot Corporation
iRobot Corporation is a manufacturing company that designs, manufactures, and sells robots in various markets globally. The company's stock has experienced a 11.01% decrease in value, currently trading at 56.52. Market sentiment appears to be negative, as indicated by a Relative Strength Index (RSI) of 12.98, suggesting the stock may be oversold. The company's financial data shows a market capitalization of 2.4 billion and a negative price change of 0.37, indicating potential bearish trends. It's important to note the risks associated with investing in iRobot Corporation, as past performance does not guarantee future results.
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