Seritage (SRG) Under Buffett’s Umbrella; LoJack (LOJN) Takeover Target by CalAmp (CAMP)
Seritage Growth Properties (NYSE:SRG) stock climbed $5.86 (or +16.63%) to $41.09 on Thursday after billionaire Warren Buffett disclosed in a regulatory filing ( SC 13G ) with the SEC an 8.02% stake (2,000,000 shares) in the company.
1,443,437 shares of the company were traded during the day, representing a large increase in activity versus its average volume (3m) of 285,131
Seritage Growth Properties, a self-administered and self-managed retail REIT, has 24.93M Shares Outstanding, Market Capitalization (intraday) of $1.02B and SRG stock 52-week range is between $33.34 to $44.31 per share
Shares of LoJack Corporation (Nasdaq:LOJN) soared to touch a new 52-week high of $5.27 in intraday trading Thursday as the company said that it has received an unsolicited bid offer for $5.50 per share in cash from wireless software company CalAmp Corp. (Nasdaq:CAMP).
LOJN stock closed the regular session at $5.20, up $1.72 (or +49.64%) and 737,343 of its shares exchanged hands during the regular session, while CAMP shares jumped $2.03 (or +10.94%) to $20.59 on Thursday.
LoJack, a provider of vehicle theft recovery systems and advanced fleet management solutions, has 18.54M Shares Outstanding, Market Capitalization (intraday) of $96.42M and LOJN stock one-year range is from $2.03 to $5.27 per share
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