News

Share of airline companies enjoyed a broad rally Monday, boosted by data showing the most people flew on Sunday since before the pandemic, and by the rally in the broader stock market. The U.S. Global Jets ETF JETS, +2.02% climbed 1.5% in morning trading, while the S&P 500 SPX, +2.69% jumped 2.6%. Among the Jets […]

Shares of Canoo Inc. GOEV, -5.84% bounced 10.9% in premarket trading, off the previous session’s record-low close, after the California-based electric vehicle maker said it received an order for 9,300 EVs from work van rental company Kingbee. The order includes an option to double the order to 18,600 EVs. Financial terms of the order were […]

Snail Inc., a digital entertainment company that offers gaming on a variety of platforms, set terms for its initial public offering on Monday with plans to offer 5 million shares priced at $5 to $7 each. The company would raise $35 million at the top of that range at a valuation of $350 million, based […]

Turning Point Brands Inc. TPB, -0.85% on Monday named long-tenured company executive Graham Purdy as chief executive officer following Yavor Efremov’s resignation as CEO and director. David Glazek will transition from non-executive to executive board chairman in January. Purdy has been chief operating officer of the company, which makes Zig-Zag cigarette papers and other related […]

Shares of Continental Resources Inc. CLR, -3.18% rallied 8.3% in premarket trading Monday, after the oil producer announced an agreement to be acquired by Omega Acquisition Inc., which is owned by the company’s founder Harold Hamm, in a deal that values the company at nearly $27 billion. Under terms of the deal, Omega will launch […]

Archaea Energy Inc. LFG, -4.90% said Monday it has entered an agreement to be acquired by BP PLC BP, -2.63% for about $4.1 billion in cash including about $800 million of debt. The cash consideration of about $26 per Archaea share is equal to a 38% premium over the stock’s volume weighted average share price […]