Stock Alert: What Fuels Drive Shack Rally?

Shares of Drive Shack (DS) gained nearly 14% on Monday morning despite no stock-related news to drive the shares up.

DS is currently trading at $3.9101, up $0.4801 or 13.9971%, on the NYSE. The stock has gained over 55% since reporting its first-quarter results last month. It has traded between $1.07 and $3.97 in the 52-week period.

Last month, the company reported revenues of $61.1 million, flat with last year, while net loss narrowed to $12.3 million from $18.8 million a year ago.

Drive Shack owns and operates golf-related leisure and entertainment venue business. It operates golf venues in Raleigh, North Carolina; Richmond, Virginia; and Orlando and West Palm Beach, Florida.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Biotech Stocks by Subscribing to RTT Biotech Investor.
Editors Pick
Sturtevant, Wisconsin-based BRP U.S. Inc. is recalling around 20 models of Side-by-Side vehicles citing fire risk, the U.S. Consumer Product Safety Commission. The recall involves about 34,400 units of Model Years 2020 and 2021 Can-AM Defender HD10 side-by-side vehicles. While reporting financial results for the second quarter on Friday, technology company Honeywell international Inc. (HON) raised its adjusted earnings and sales guidance for the full-year 2021, based on the second-quarter performance and management's outlook for the remainder of the year. For fiscal... Shares of Vodafone Group Plc were gaining around 2 percent in the morning trading in London after the British telecom major reported higher revenues in its first quarter. Looking ahead, the company said it is on track to deliver fiscal year 2022 guidance, with Adjusted EBITDAaL expected to be between 15.0 billion euros - 15.4 billion euros and Adjusted free cash flow of at least 5.2 billion euros
Follow RTT