Day: May 14, 2022
Werner Enterprises Inc. WERN, -0.69% said Friday that it raised its quarterly dividend by 8.3%, to 13 cents a share from 12 cents. The trucking company’s stock was still inactive in premarket trading. The new dividend will be payable July 19 to shareholders of record on July 5. Based on Thursday’s stock closing price of […]
Shares of jeweler Brilliant Earth Group Inc. BRLT, -33.63% sank 23.6% in Friday trading as consumers pull back on big purchases during a period of sky-high inflation and global unrest. “Despite a solid 1Q22 EPS, Brilliant Earth lowered FY22 guidance reflecting moderating growth from consumers pausing on making big purchases amid macro uncertainties,” wrote Cowen […]
Shares of Ryder System Inc. R, +17.03% ran up 17.4% in afternoon trading Friday, putting them on track for the biggest one-day gain in 47 years, after the truck rental company confirmed that it received an unsolicited buyout bid from HG Vora Capital Management. The company said it will “carefully review and evaluate the indication […]
Type: Bearish ReversalKey Levels:Resistance: 0.71248Pivot: 0.70107Support: 0.68466Preferred Case:On the H4, with price moving below the Ichimoku cloud, we have a bearish bias that prices will drop to our 1st support at 0.68466 where our horizontal swing low is at from our pivot at 0.70107 in line with horizontal swing high and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, […]
Type: Bullish BounceKey Levels:Resistance: 105.384Pivot: 103.599Support: 102.487Preferred Case:On the H4, with price expected to bounce off the Ichimoku support, we have a bullish bias that price will rise to our 1st resistance at 105.384 in line with 78.6% Fibonacci projection from our pivot of 103.599 in line with our horizontal swing low.Alternative Scenario:Alternatively, price may […]
Abbott Laboratories ABT, +1.77% said Friday that it will pay rebates for other infant formula products similar to Similac through August as a result of the current formula shortage caused in part by a recall at its plant in Michigan. The company has infant formula contracts with the Special Supplemental Nutrition Program for Women, Infants, […]
White House press secretary Jen Psaki on Friday told reporters that the Biden administration’s Department of Health and Human Services has launched a “new webpage that provides resources and places that parents can go to obtain formula, including contacts with companies, food banks, healthcare providers.” The website is hhs.gov/formula, she said. The Biden administration on […]
Shares of Amazon.com Inc. AMZN, +5.73% rallied 3.9% in afternoon trading Friday, amid a broad rally in technology names, but was still on track for the longest weekly losing streak in 14 years. The rally in the ecommerce giant’s stock comes after it rose 1.5% on Thursday, which followed a 3.2% drop on Wednesday to […]