Collective Brands Inc. (PSS) gapped open sharply higher Thursday, but traded in a range for the majority of the session. The stock closed up by 1.55 at $19.99 on the highest volume in 4 months.
Collective Brands rose above over a month and a half long range Thursday and closed at a 10 1/2 month high. There were unconfirmed reports that E-Land Group is planning to make a takeover bid for the company.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.