Autozone Inc
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Consumer Discretionary : Specialty Retail | Mid Cap Blend
Company profile

AutoZone, Inc. is a retailer and distributor of automotive replacement parts and accessories in the United States. The Company operates through the Auto Parts Locations segment. The Auto Parts Locations segment is a retailer and distributor of automotive parts and accessories. As of February 10, 2018, the Company operated through 6,088 locations in the United States, Puerto Rico, Mexico and Brazil. The Company's stores carry product lines for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products. The Company's other operating segments include ALLDATA, which produces, sells and maintains diagnostic and repair information software used in the automotive repair industry, and E-commerce, which includes direct sales to customers through www.autozone.com.

Closing Price
$1,248.33
Day's Change
0.31 (0.02%)
Bid
--
Ask
--
B/A Size
--
Day's High
1,249.36
Day's Low
1,238.13
Volume
(Above Average)
Volume:
257,431

10-day average volume:
217,947
257,431

UPDATE: Nikola fires off a detailed rebuttal saying Hindenburg short-seller report was 'false and misleading'

8:50 pm ET September 14, 2020 (MarketWatch)
Print

Shares of Nikola Corp. (NKLA) sank 7.8% in morning trading Monday, while the electric truck maker provided a detailed rebuttal to what it called a "false and misleading" report issued by short-seller Hindenburg Research last week, in which Hindenburg called the electric truck maker an "intricate fraud." (http://www.marketwatch.com/story/short-seller-hindenburg-alleges-that-electric-truck-maker-nikola-is-an-intricate-fraud-in-new-report-2020-09-10) The stock has now plunged 40.1% amid a four-day losing streak. Nikola said it has contacted the Securities and Exchange Commission, as it believes the Hindenburg report was designed to manipulate the market to benefit short sellers after the positive news (http://www.marketwatch.com/story/nikolas-stock-rockets-after-gm-takes-2-billion-equity-stake-announces-partnership-2020-09-08) about the company's partnership with General Motors Co. (GM) Nikola said Hindenburn made dozens of inaccurate allegations, including a misrepresentation of Nikola's position on battery technology, attempts to falsely link the termination of a former CFO with the announcement that it would refund Nikola One reservation deposits, allegations that the 2016 Nikola One was not a real truck, that it mischaracterized a quote by a Bosch employee and that the company buys and does not make inverters in-house. Nikola's stock has soared 187.2% year to date through Friday, while the S&P 500 has gained 4.4%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

September 14, 2020 20:50 ET (00:50 GMT)

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