Day: September 29, 2022
Shares of Axcella Therapeutics Inc. AXLA, +7.24% gained 10.9% in premarket trading on Thursday after the biotech said its experimental treatment for nonalcoholic steatohepatitis (NASH) showed statistically significant improvement in liver stiffness at 24 weeks. The Phase 2b trial is ongoing. The company expects to have topline data from the 48-week mark by the first […]
Worthington Industries Inc. WOR, -5.73% said Thursday its board approved a plan to separate the company’s steel processing business into a new public company, through a distribution of stock in the business. The Columbus, Ohio-based industrial company said the steel processing separation is expected to be tax-free to shareholders when it takes place as expected […]
Paxful CEO Ray Youssef said that the current growth trends in Ghana show that it has the potential to be a leader in terms of crypto adoption. 689 Total views 25 Total shares As emerging markets take the lead in crypto adoption, Ghana, a country located in West Africa, may soon catch up to other […]
Dick’s Sporting Goods Inc. DKS, -0.26% announced Thursday a partnership Peloton Interactive Inc. PTON, -8.01%, in which the sporting goods retailer will roll out Peloton-branded fitness shops inside more than 100 of its U.S. stores. The rollout is scheduled to begin early in the holiday season. Peloton’s stock rose 0.7% in premarket trading while Dick’s […]
Netflix Shares Higher on Thursday Shares in US streaming giant Netflix are seeing a fresh wave of buying this week. Along with the drop in USD yesterday, which helped lift equities across the board, Netflix is also benefiting from news that it will launch its first gaming studio. The studio, which will be based in […]
BOE Emergency Measures Announced The Bank of England yesterday was forced to take emergency action in the UK bond market, announcing £65 billion in purchases to be completed over the next 13 working days. The surprise announcement comes just days after the BOE issued a statement in response to the collapse of the Pound noting […]
Rite Aid Corp. stock RAD, +7.16% slid 11% in premarket trade Thursday, after the pharmacy retail chain posted a wider-than-expected loss for its fiscal second quarter as it booked goodwill impairment charges on its pharmacy services segment as well as charges for higher facility exit and store closures. The company had a net loss of […]
Shares of CarMax Inc. KMX, +6.49% tumbled 9.7% toward a more than two-year low in premarket trading Thursday, after the used vehicle retailer reported fiscal second-quarter profit that fell well below expectations, as “affordability challenges” led to sales falling “sharply” in the final months of the quarter. Net income for the quarter to Aug. 31 […]
The more than one million fans expected to travel to Qatar for this year’s World Cup are not required to be vaccinated against COVID, but they must show a negative result from a PCR test taken in the 48 hours before arriving, according to the Qatari authorities. Quarantine is also no longer mandatory for travelers […]
Johnson Outdoors Inc. JOUT, +2.83% said Thursday its board has approved an increase in its quarterly cash dividend that will raise the payment for Class A shareholders to 31 cents a share from 30 cents previously. The outdoor recreation products company’s stock was not yet active premarket, but has fallen 45% in the year to […]
