What’s the Deal With These Four Sinking Stocks?

Retail company Urban Outfitters Inc. (NASDAQ:URBN) has rolled 7.74% down the valuation charts in brisk trading after announcing that it will acquire The Vetri Family group of restaurants to create “a perfect match.” The ownership of the restaurant group is shared between Chef Marc Vetri and his business partner Jeff Benjamin. While the chef was dubbed one of Food & Wine’s Ten Best New Chefs, the restaurant was named Food and Wine Magazine’s best pizza restaurant in America.

“URBN and the Vetri Family share the same singular goal, we pride ourselves on bringing the best possible experience to our customers and community. Through this partnership, and the experience URBN has in scaling growth opportunities, the Vetri Family will now be able to focus on what we do best – run restaurants that make people happy,” Partner/Chef Marc Vetri said.

Urban Outfitters will hold its third quarter 2016 earnings conference call later today, at 5 p.m. ET. A total of 28 funds in our database held 6.00% of Urban Outfitters Inc.’s (NASDAQ:URBN) outstanding stock at the end of June.

Lastly, shares of TerraForm Power Inc. (NASDAQ:TERP) have slid by 6.20% in today’s trading session after UBS downgraded the company to “Neutral” from “Buy”, with a $14 per share price target on the stock. Most recently, the yieldco of SunEdison Inc. (NYSE:SUNE), reported $163.3 million in net operating revenues for the third quarter of 2015, compared to $53.6 million in the prior-year period. TerraForm Power booked $2.7 million in net income for the most recent quarter, compared to a net loss of $1.9 million in the same period of last year.

A total of 46 funds in our database held 23.00% of TerraForm Power Inc.’s (NASDAQ:TERP) outstanding stock at the end of June.

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