Ann Shares Up After Activist Investors Urge Sale

Investors.com http://ift.tt/1tLLCZx Shares of women's apparel retailer Ann (ANN) are on the rise following Engine Capital and Red Alder's public statement, in which the two activist investors urge the parent of Ann Taylor and Loft to explore strategic alternatives, including a sale of the company. The firms said they own in excess of 1% of outstanding Ann shares. Ann shares rose 5.2% to 39.46 in the stock market today. The stock fell 3.3% Friday after Ann reported weak guidance.