Latest Market News
Shares of Lamb Weston Holdings Inc. LW, +4.79% jumped 2.0% in premarket trading Wednesday, after the potato supplier reported fiscal first-quarter profit that beat expectations, higher prices helped offset a volume decline. Net income for the quarter to Aug. 28 jumped to $231.9 million, or $1.60 a share, from $29.8 million, or 20 cents a […]
Shares of Eiger BioPharmaceuticals Inc. EIGR, -7.37% tumbled 20.4% in premarket trading on Wednesday after the company said it will not pursue emergency authorization of its experimental treatment for mild and moderate COVID-19 infections. It had asked the Food and Drug Administration to consider an EUA application based on data from the Together trial, a […]
Verizon Communications Inc. VZ, -1.38% said Wednesday it has won a contract worth up to $1.58 billion from the Department of State to modernize U.S. embassies. The 10-year contract includes implementing and managing the network for the department’s non-domestic footprint and includes embassies in Asia, Africa, the Middle East and South America. Verizon shares were […]
Shares of Helen of Troy Ltd. HELE, -10.53% tumbled 14.9% in premarket trading Wednesday toward a 4 1/2-year low, after the consumer products company, with brands including OXO, Hydro Flask and Braun, reported fiscal second-quarter earnings that beat expectations but cut its full-year outlook, as rising inflation has prompted consumers to change their spending patterns. […]
Bitcoin (BTC) holding $19,000 could be more important than traders realize, new data reveals. In the latest edition of its monthly report series, “The Bitcoin Monthly,” investment management firm ARK Invest flagged an ongoing battle for the defense of Bitcoin’s investor cost basis. Bitcoin investor cost basis buoys market Bitcoin price action is currently characterized […]
Shares of Monopar Therapeutics Inc. MNPR, +12.35% gained 13.5% in premarket trading on Wednesday after the company said it completed enrollment in a Phase 2b clinical trial evaluating its experimental therapy aimed at preventing severe oral mucositis in patients undergoing chemoradiotherapy for oropharyngeal cancer. Monopar expects to have interim data from this study in the […]