Day: May 21, 2022
Shares of Deere & Co. DE, -14.07% fell 1.8% toward a three-month low in premarket trading Friday, even after the agriculture, construction and forestry equipment maker reported fiscal second-quarter profit and revenue that rose above expectations, as “strong demand” helped offset supply-chain pressures. Net income increased to $2.10 billion, or $6.81 a share, from $1.79 […]
Shares of Foghorn Therapeutics Inc. FHTX, +18.08% were down 23.7% in premarket trading on Friday, the day after the company said U.S. regulators had placed a partial clinical hold on a Phase 1 clinical trial assessing an experimental therapy for relapsed and/or refractory acute myelogenous leukemia. The Food and Drug Administration has asked for a […]
Shares of THG THG, +24.52% climbed 25% in London as a potential bidding war emerged for the U.K.-listed online retailer, known as the Hut Group. THG said late Thursday that it had rejected a proposal from a group of investment companies led by Belerion Capital and King Street Capital Management for 170 pence a share, […]
Frontdoor Inc. FTDR, +1.03% said Friday that Chief Executive Rex Tibbens will step down, effective June 1, after four years in the role. The home-service plan provider, which brands include American Home Shield, Landmark and OneGuard, said Chairman William Cobb will succeed Tibbens, who will remain at the company through June 30 in an advisory […]
USDCHF Reversal UnderwayFeels like I’ve been saying this a lot recently but it’s been another hectic week for markets with plenty of big moves across the board. Important to remember that we don’t always get this type of volatility so its important to make the most of it. Certainly, a plentiful time for momentum traders. […]
Leafly Holdings Inc. LFLY, +0.31% shares rose 2.6% in premarket trades Friday after the company drew an outperform rating and a $12 price target as Cowen analysts Harrison Vivas and Vivien Azer initiated coverage of the online cannabis marketplace. Leafly currently counts 8% more paid retailers than its rival company Weedmaps, which is run by […]
If the crypto community can successfully decentralize the internet, “it’s a future really worth getting excited about,” said NFT3 founder Dylan Dewdney. 577 Total views 14 Total shares Attendees to the BlockDown Croatia 2022 festival were witness to Cointelegraph’s discussions around sociopolitics of the Web3 ecosystem, non-fungible tokens (NFT) and the Metaverse. It turns out […]
Shares of Match Group Inc. MTCH, +2.20% surged 5.2% in premarket trading Friday, after the data apps company after Alphabet Inc.’s GOOG, -1.29% GOOGL, -1.34% Google made “various concessions” regarding Match’s complaints. As a result, Match said it has withdrawn its request for a temporary restraining order, which it said last week that it would […]
Shares of Zymeworks Inc. ZYME, +2.92% rallied 1.5% in morning trading Friday, after the biopharmaceutical company said it rejected the “unsolicited, opportunistic, non-binding” $10.50-per-share buyout bid by activist investor All Blue Falcons FZE. The company said it determined that the bid by the UAE-based investment holding company “significantly undervalues” the company and its prospects, and […]
Type: Bullish BounceKey Levels:Resistance: 50906Pivot: 50469Support: 50300Preferred Case:With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 50906 in line with the 61.8% Fibonacci projection , 100% fibonacci projection , -27.2 fibonacci expansion and overlap resistance from our pivot of 50469 in line […]
