Geopolitics Alpha

La-Z-Boy completes store acquisition in New Orleans

Published . Updated .

La-Z-Boy completes store acquisition in New Orleans

This acquisition continues the recent expansion in both acquisitions and new company-owned stores across the US.

Directly affected

  • LZB La-Z-Boy-4.3% 5d

    Named in this report.

Indirectly affected

  • XLB Materials Select Sector SPDR+0.9% 30d

    Materials Select Sector SPDR holds the materials sector that La-Z-Boy belongs to, so it often moves with news about it.

  • SGI Somnigroup International

    Somnigroup International is a peer of La-Z-Boy in household furniture; rivals often move on the same news.

  • PG The Procter & Gamble+10.2% 30d

    The Procter & Gamble is a large materials company like La-Z-Boy; big names in a sector often move together.

  • SCCO Southern Copper-1.9% 30d

    Southern Copper is a large materials company like La-Z-Boy; big names in a sector often move together.

  • NEM Newmont-11.5% 30d

    Newmont is a large materials company like La-Z-Boy; big names in a sector often move together.

  • PH Parker-Hannifin-5.3% 30d

    Parker-Hannifin is a large materials company like La-Z-Boy; big names in a sector often move together.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
LZB-1.43%+2.65%baseafter closeafter closeafter closeafter close
XLBNo price data for this ticker———————
SGINo price data for this ticker———————
PGNo price data for this ticker———————
SCCONo price data for this ticker———————
NEMNo price data for this ticker———————
PHNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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La-Z-Boy completes store acquisition in New Orleans Big Furniture Group

Source: Big Furniture Group

This story

CompanyWhenMoveStatus
LZBthree days earlier+2.65%final price
LZBfive days earlier-1.43%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

How solid “La-Z-Boy completes store acquisition in New Orleans” looks

12 out of 100

“La-Z-Boy completes store acquisition in New Orleans” scores 12 out of 100. The score uses 1 sources.