O'Reilly shares drop after retailer warns of weak consumer demand

July 8, 2017 at 11:44AM
FILE - In this Jan. 12, 2015, file photo, Ford vehicles sit on the lot at a car dealership, in Brandon, Fla. Ford Motor Co. will export vehicles from China to the U.S. for the first time starting in 2019, announced Tuesday, June 20, 2017. Ford will move production of its Ford Focus small car from the U.S. to China, where it already makes the Focus for Chinese buyers. (AP Photo/Chris O'Meara, File)
Shares of Ford Motor rose 3.3 percent on Monday as June sales numbers declined less than expected. (The Minnesota Star Tribune)

Rough idle: O'Reilly Automotive shares nose-dived 18 percent to $180.19 Wednesday after posting a nearly 2 percent drop in same-store sales that its CEO attributed in part to "overall weak consumer demand," and warned will have a "consequent impact on our operating profitability." Shares finished the week at $172.85.

Deal bounce: Consumer financial services company Bankrate climbed 9 percent to $13.95 Monday after it agreed to be acquired by Red Ventures for $14 a share, or $1.25 billion. Shares closed Friday at $ 13.90.

Secret's out: L Brands shares dropped 10.6 percent to $48.38 Thursday after it reported that its sales fell 6 percent in June as the company continues to struggle with the effects of ending its swimwear business. Sales at stores open at least a year dropped 9 percent. The stock closed the week at $45.11.

Trust tryst: Monogram Residential Trustshares soared 22 percent to $11.99 Wednesday after it agreed to be acquired for $3 billion, or $12 a share, by a fund led by Greystar Real Estate Partners. Shares closed Friday at $11.90.

Traction: Ford Motor shares rose 3.3 percent to $11.56 Monday as June vehicle sales counts declined less than expected. Ford shares closed the week at $11.26.

Home sweet home: Home Shopping Network shares rose 27 percent to $39.67 Thursday after Liberty Interactive said it would buy the company for about $2.6 billion in stock, or $40.36 a share. HSN shares closed the week at $39.60. Liberty shares, which fell 1.3 percent to $24.15 on the news, closed Friday at $24.08.

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