Day: August 24, 2022
Group 1 Automotive Inc. GPI, +0.95%, an operator of car dealerships, said Wednesday it has named Daryl Kenningham as its chief executive effective Jan. 1, 2023, replacing Earl Hesterberg, who is retiring at the end of the year. Kenningham is currently president of U.S. operations and will become president and chief operating officer with immediate […]
As cryptocurrency mining operators look for new locations, an Armenian firm has added an additional 60MW cloud hosting facility based at a local power plant. Source: Cointelegraph
U.S. stocks opened marginally lower again on Wednesday as the main benchmarks headed for a fourth day of losses ahead of closely-watched commentary from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, +0.20% fell 3 points, or 0.1%, to 4,126. The Nasdaq Composite COMP, +0.37% retreated 5 points, or 0.1%, to 12,377. The Dow […]
Type: Bearish Drop Key Levels:Resistance: 13348Pivot: 13004Support: 12415 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 13004 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are. Once there is […]
Type: Bearish Drop Key Levels:Resistance: 22490Pivot: 20695Support: 18890 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
Raymond James on Wednesday cut its rating on medical products company Medtronic Plc MDT, -3.08% to market perform from outperform amid doubts about its implied revenue increases in the second half of fiscal 2023. Analyst Jayson Bedford said he’s less confident in his performance estimates for the company. “We fully acknowledge that sentiment is low, […]
Petco Health & Wellness Inc. shares WOOF, +0.19% slid 6% in premarket trade Wednesday, after the pet health and care company posted weaker-than-expected second-quarter earnings and offered guidance that lagged estimates. The San Diego, Calif.-based company had net income of $14.346 million, or 5 cents a share, for the quarter, down from $75.111 million, or […]
Brinker International Inc. shares EAT, +2.12% slid 8% in premarket trade Wednesday, after the operator of Brinker, Chili’s and Maggiano’s restaurants, missed consensus estimates for profit and sales in its fiscal fourth quarter and offered soft guidance. The company posted net income of $40.2 million, or 90 cents a share, for the quarter to Jun […]
Clinical stage biopharmaceutical company Third Harmonic Bio Inc. on Wednesday filed its initial public offering with underwriters Morgan Stanley, Jefferies, Cowen and Lifesci Capital. The Cambridge, Mass.-based company plans to trade on the Nasdaq under the symbol “THRD.” Third Harmonic Bio said it’s focused on new medicines for the treatment of allergic and inflammatory diseases. […]
Johnson & Johnson JNJ, -0.87% on Wednesday named former CVS Health Corp. CVS, -1.18% CEO Larry Merlo as non-executive chair designate of its new consumer health company, which the company announced in November. Merlo will assume a board leadership role with the new consumer health company for its planned separation from J&J in 2023. In […]
