National Vision surges on S&P SmallCap entry

National Vision Holdings

14/06/2022 12:45

** National Vision Holdings Inc's  EYE.O  shares up 14.3% at
$28.89 premarket as co set to join S&P SmallCap 600 index
 .SPCY  this week
    ** EYE on course for biggest one-day advance since Mar 2020
if gains hold
    ** Optical retail chain to replace Renewable Energy Group
Inc  REGI.O  in SPCY effective Thurs, Jun 16  urn:newsml:reuters.com:*:nPn5GnVxla
    ** Chevron  CVX.N  completed its $3 bln acquisition of REGI
on Mon
    ** On May 10, EYE sunk 25.7% to $24.93 after co cut FY rev
and EPS forecasts, citing ongoing COVID-19 pandemic, inflation,
recession risks and constraints on exam capacity  urn:newsml:reuters.com:*:nBw6zHxpJa
    ** YTD, EYE down 47% and has roughly $2 bln market value,
per Refinitiv
    ** Avg rating among 12 analysts is "buy"; median PT $36 -
Refinitiv

 (Lance Tupper is a Reuters market analyst. The views expressed
are his own)
 ((lance.tupper@thomsonreuters.com
lance.tupper@tr.com 1-332-219-1430))