Mattress Firm Spikes After Fund Purchases Additional 128,000 Shares At $32.44/Share

Mattress Firm Holding Corp MFRM shares spiked up 5.55 percent after North Latitude Master Fund purchased 128,000 additional shares at about $32.44 a share. The purchase came after key events this month:

• June 10: Bank of America and Raymond James downgraded Mattress Firm to Underperform and Market Perform, respectively.
• June 9: Mattress Firm Saw FY 2017 EPS $2.25-$2.35 Vs Est $2.49, Sales $3.825B-$3.875B Vs Est $3.95B
• June 9: Mattress Firm Reported FY 2017 EPS $2.25-$2.35 Vs Est $2.49, Sales $3.825B-$3.875B Vs Est $3.95B
• June 8: Piper Jaffray Reiterated Mattress Firm’s Neutral Rating

Shares of Mattress Firm Holdings traded up 5.55 percent at $34.25.