Latest Market News
Allegion Plc ALLE, +2.16% said Friday it agreed to buy Access Technologies LLC from Stanley Black & Decker Inc. SWK, -1.91% for $810 million. The price values the manufacturer, installer and service provider of automatic doors in North America at about 2.4 times its $340 million annual revenue. Allegion said it’s received committed financing from […]
Shares of Newmont Corp. NEM, -3.30% sank 2.1% in premarket trading Friday, after the gold miner reported first-quarter profit and sales that came up shy of forecasts, as costs increased at a faster pace than sales. Net income fell to $48 million, or 56 cents a share, from $559 million, or 70 cents a share, […]
Kimberly-Clark Corp. KMB, +8.13% stock rose 4.5% in Friday premarket trading after it reported first-quarter earnings that beat expectations and raised its full-year guidance. The 150-year-old consumer products company posted net income of $523 million, or $1.55 per share, down from $584 million, or $1.72 per share, last year. Adjusted EPS of $1.35 beat the […]
HCA Healthcare Inc. shares HCA, -21.82% slid 10.6% in premarket trade Friday, after the operator of hospitals and walk-in centers missed revenue estimates for the first quarter and lowered its guidance, hurt by inflation and rising costs. The company posted net income of $1.273 billion, or $4.14 a share, for the quarter, compared with $1.423 […]
Stocks were trading modestly lower after the opening bell Friday, with the S&P 500 turning negative for the week as Treasury yields push to levels last seen in late 2018. An early rally for equities on Thursday turned into a rout after Federal Reserve Chairman Jerome Powell signaled that a half-point rate hike was “on […]
Shares of Vallon Pharmaceuticals Inc. VLON, +100.88% skyrocketed 89.0% on massive volume in morning trading Friday after the biopharmaceutical company said it is exploring strategic alternatives, including a possible sale of the company. Trading volume spiked to 82.8 million shares, compared with the full-day average of about 720,000 shares. Vallon’s stock was currently the biggest […]