Speeway Motorsports stock rockets to pace NYSE gainers after buyout bid by leading shareholder [MarketWatch]
SPEEDWAY MOTORSPORTS (TRK)
Last speedway motorsports earnings: 7/31 06:30 am
Check Earnings Report
US:NYSE Investor Relations:
investors.speedwaymotorsports.com/home/default.aspx
Company Research
Source: MarketWatch
Speeway Motorsports stock rockets to pace NYSE gainers after buyout bid by leading shareholder Shares of Speedway Motorsports Inc. TRK, +32.71% shot up 33% toward an 13-month high in morning trade Wednesday, enough to pace the NYSE's gainers, after the racetrack owner and operator said it received a buyout bid from Sonic Financial Corp. that values the company at about $734.6 billion. Sonic is Speedway's largest shareholder, with 58% of the shares outstanding, according to FactSet. Sonic is offering to pay $18 for each Speedway share outstanding that it doesn't already own, a 29% premium to Tuesday's closing price of $13.94. Speedway said it has formed a special committee of independent directors to consider the buyout proposal. The stock has now gained 1.8% over the past 12 months, while the Dow Jones Industrial Average DJIA, -0.01% has climbed 11%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here.
Show less
Read more
Impact Snapshot
Event Time:
TRK
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRK alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRK alerts
High impacting SPEEDWAY MOTORSPORTS news events
Weekly update
A roundup of the hottest topics