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Wednesday, January 27, 2021

RadioShack sees stock jump on investment report

Fort Worth-based RadioShack saw its stock increase as much as 45 percent on Friday as investor Standard General LP said it was continuing talks on new financing for the electronics retailer.

In a Securities and Exchange Commission filing, the New York-based hedge fund said it is working with RadioShack to improve the retailer’s liquidity prior to the holiday season. Standard General is RadioShack’s largest investor. RadioShack traded at $1.15 at one point Friday, but closed at 99 cents.

For more on RadioShack:

fwbusinesspress.com/fwbp/article/1/7109/Featured/RadioShock-Fort-Worth-retailer-struggles-to-survive.aspx  

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

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