Why Inventergy, Buckle, Whole Foods, and Two Other Stocks Are Making Headlines

Buckle Inc (NYSE:BKE) shares have fallen by over 10% today after the retailer reported disappointing September sales results. During the 5-week period ended October 1, comparable store net sales for stores open for at least one year dropped by 15.5% year-over-year, while net sales decreased by 14.8% to $82.9 million. In terms of year-to-date sales, comparable net sales for the 35-week period ended October 1 declined by 12.1% year-over-year, while net sales for the period fell by 11.4% year-over-year. Some investors clearly did not like acceleration of sales decline and headed for the exits. Alexander Medina Seaver‘s Stadium Capital Management established a new position of 596,465 shares in Buckle Inc (NYSE:BKE) during the second quarter.

Last but certainly not least, Whole Foods Market, Inc. (NASDAQ:WFM) shares have bounced by around 4% on the back of speculation and rumors on the Street that Kroger Co (NYSE:KR) might be interested in buying or merging with the company. Due to its slowing growth, Whole Foods shares are down 15% year-to-date. As always, traders should take any M&A rumor or speculation with a grain of salt. Of the around 749 top funds we track, 26 funds held shares of Whole Foods Market, Inc. (NASDAQ:WFM) and 35 investors were long Kroger Co (NYSE:KR) at the end of June.

Disclosure: none