Children's Place Inc. (stock symbol $PLCE) experienced a significant increase in its stock value, soaring 36%, following the announcement of a new $90 million unsecured financing deal provided by Saudi investor Mithaq Capital, the company's majority shareholder. This financial boost, which was announced pre-market with a 13.2% increase, comes as part of a strategic move by Children's Place to strengthen its financial position.
Children’s Place’s stock soars 36% after retailer gets new $90 million loan https://t.co/kpzHR6Tyje
Children’s Place’s stock soars 36% after retailer gets new $90 million loan from Saudi investor Mithaq Capital https://t.co/93cuuXaAdf
$PLCE is the OG short squeeze stock. I think this sees $20 / aka a $RENT phenomena. Mithaq has half of the float - with these other large holders ~80% of the float is tied up.Has ~22% SI. Short squeeze plays are hot, and this is unquestionably the most interesting one today.… https://t.co/jHzjo3LbD5 https://t.co/SrF2B7fIMf
$PLCE (+13.2% pre) Children's Place (PLCE) Announces $90 Million in New Unsecured Financing Provided by Majority Shareholder Mithaq Capital - SI https://t.co/0hMvMzBRyA
Too soon $PLCE https://t.co/LrEYO6fADj