Day: October 4, 2022
Shares of Viasat Inc. VSAT, +26.93% soared 40.9% in morning trading Monday toward a 5 1/2-month high, after the communications company announced an agreement to sell its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies Inc LHX, +4.60% in a deal valued at $1.96 billion. Viasat expects the deal to results in cash […]
Shares of LogicBio Therapeutics Inc. LOGC, +637.61% skyrocketed more than seven-fold (up 643%) in morning trading, to bounce off the previous session’s record low, after the genetic medicine company announced an agreement to be acquired by AstraZeneca PLC’s AZN, +1.29% AZN, +0.44% Alexion, AstraZeneca Rare Disease in a deal that values LogicBio at about $68.23 […]
Shares of Norwegian Cruise Line Holdings Ltd. NCLH, +0.35% slumped 2.6% toward a three-month low in morning trading Monday, after tumbling 18.0% to a two-month low in the previous session, after the cruise operator said it was removing all COVID-19 testing, vaccination and masking requirements from its health and safety protocols. The company said the […]
Some pointed out the regulator’s supposed hypocrisy, others told crypto-influencers to lawyer up, while a few poked fun at the reality TV star. 1678 Total views 24 Total shares The crypto community reacted with a mix of disbelief and amusement after reality star Kim Kardashian was fined for promoting the cryptocurrency EthereumMax (EMAX). The United […]
Shares of Credit Suisse CSGN, +4.90% CS, +2.30% bounced 4% higher in early action, after the Swiss systemically important institution fell as much as 12% on Monday on worries over its financial health. The Swiss bank, which touched a record low on Monday, is nonetheless down 54% this year. Five-year credit default swaps widened on […]
Silver futures rallied on Monday, posting a gain of more than 8% for the session — the largest daily rise since February 2021, according to Dow Jones Market Data. Gold prices also climbed by almost 2%. “Out of the two metals, silver was the most impressive…as yields fell on the back of [the Bank of […]
Shares of Livent Corp. LTHM, -0.03% edged up 0.3% in afternoon trading Monday, even after BofA Securities analyst Matthew DeYoe recommended investors sell, saying the lithium producer’s stock looks “expensive” as lithium prices appear to be near a peak. DeYoe noted that spot prices for lithium, which have been in high demand as it’s used […]
The S&P 500’s SPX, +2.59% energy sector saw a unanimous rally in midday trading Monday, as reports that an large oil-producing cartel plans to cut production provided a big lift to crude oil prices. The SPDR Energy Select Sector exchange-traded fund XLE, +5.65% ran up 5.0% with all 21 components gaining ground. The ETF’s biggest […]
Shares of General Motors Co. GM, +2.43% jumped 2.8% in premarket trading Monday, after the automaker reported a 24.3% jump in third-quarter U.S. vehicle sales to 555,580 vehicles, and a “modestly improving” inventory situation. The sales for the latest quarter included a 27.4% decline in Buick deliveries, a 49.5% rise for Cadillac, a 29.5% increase […]
The U.S.-listed shares of Toyota Motor Corp. TM, +4.07% 7203, +3.22% bounced 4.0% off a two-year low in morning trading Monday, after the Japan-based automaker’s North America business (TMNA) said September sales jumped 17.1% to 179,050 vehicles. The September sales total included 35,419 electric vehicles (EVs), or about 20% of total sales. Within the company’s […]
