bebe stores (BEBE) Surges on Strategic Decision; Microsoft (MSFT) Bullish Perspective

Shares of Bebe Stores, Inc. (Nasdaq:BEBE) soared more than 10% in after-hours trading Thursday as the company announced a workforce reorganization, a move that represents $4.8 million in annual cost savings for Bebe Stores

Bebe Stores also said that its Board approved a $5 million share buyback program.

BEBE stock closed at $0.976, up $0.036 (or +3.88%), and 85,221 of the company’s shares exchanged hands during the day

Bebe Stores, a global specialty retailer, has 79.65M Shares Outstanding, Market Capitalization (intraday) of $77.78M and BEBE stock 52-week range is between $0.93 and $4.00 per share

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Investment analysts at Bank of America Merrill Lynch upgraded shares of Microsoft Corp. (Nasdaq:MSFT) from an Underperform to a Neutral rating and increased their price target on the company’s stock $39.00 to $46.00

MSFT stock climbed slightly $0.35 (or +0.79%) to $44.61, with a total volume of 28,657,859 shares traded on Thursday’s market activity

Microsoft, a software technology company, has 8.00B Shares Outstanding, Market Capitalization (intraday) of $356.79B, and MSFT stock 52-week range $39.72 – $50.05 per share

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