Day: October 31, 2022
Shares of Essa Pharma Inc. EPIX, -24.72% fell 28.6% in premarket trading on Monday after the company said Johnson & Johnson JNJ, -0.54% suspended enrollment in a Phase 1 clinical trial for Essa’s experimental prostate cancer therapy, citing patient recruitment challenges. Essa had announced a clinical collaboration with J&J back in 2021. “We are in […]
Shares of Instil Bio Inc. TIL, -29.24% tumbled 35.1% in premarket trading on Monday after the company said it paused enrollment in clinical trials for two experimental cell therapies due to manufacturing issues. Instil said it had notified regulators, and the decision is not the result of a clinical hold. “This pause in enrollment provides […]
Shares of Y-mAbs Therapeutics Inc. YMAB, -51.85% plunged 42.5% in premarket trading on Monday after several banks downgraded the company’s stock and a Food and Drug Administration advisory committee voted against approval of the company’s experimental treatment for neuroblastoma patients. The committee on Friday voted 16-0 that there wasn’t enough evidence to say that omburtamab […]
Shares of Verisk Analytics Inc. VRSK, +2.88% climbed 1.3% in premarket trading Monday, after the provider of analytics for the insurance and energy industries announced an agreement to sell its energy business, Wood Mackenzie, for $3.1 billion in cash at closing to Veritas Capital. Under terms of the deal, which is expected to close in […]
U.S. stocks opened lower on Monday with the S&P 500 pulling back from Friday’s six-week high as investors wait for the Federal Reserve to deliver another jumbo interest-rate hike later this week. The S&P 500 SPX, -0.47% fell 25 points, or 0.7%, to 3,875. The Dow Jones Industrial Average DJIA, -0.17% shed 199 points, or […]
Argo Blockchain has been selling its Bitcoin holdings earlier this year to cut debt to Michael Novogratz’s crypto investment firm Galaxy Digital. 1265 Total views 16 Total shares The London Stock Exchange-listed cryptocurrency firm Argo Blockchain has warned that it’s at risk of ceasing operations due to a lack of financing. The crypto mining company […]
Howmet Aerospace Inc. stock HWM, -3.12% fell 3.5% in premarket trade Monday, after the maker of engine components, fastening systems, engineered structures and forged aluminum wheels third-quarter revenue fell short of estimates and it offered slightly soft guidance. The company, which was spun out of Arconic in 2020, posted net income of $80 million, or […]
Shares of Global Payments Inc. GPN, -5.85% were fell 4.2% in premarket trading Monday, after the payment technology company reported third-quarter revenue that rose above expectations while profit matched, and affirmed its full-year outlook. Net income was $290.5 million, or $1.05 a share, after $296.7 million, or $1.01 a share, in the year-ago period. Net […]
The U.S.-listed shares of China-based companies took a broad beating in early trading Monday, after data showing factory and services activity in China contracted in October. The iShares China Large-Cap ETF FXI, -2.60% dropped 3.1% in premarket trading, putting them on track to open at the lowest price seen during regular-session hours since October 2008. […]
The common theme of advice revolved around focusing on long-term goals and avoiding short-term distractions be it price volatility or negative mainstream news. 1170 Total views 21 Total shares The crypto bear market of 2022 has wiped out more than 70% of the market capitalization from the top. The total crypto market cap breached $3 […]
