News
Type: Bearish Drop Key Levels:Resistance: 13348Pivot: 13004Support: 12415 Preferred Case:On the H4, with price breaking out of an ascending channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to the pivot at 13004 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are. Once there is […]
Type: Bearish Drop Key Levels:Resistance: 22490Pivot: 20695Support: 18890 Preferred Case:On the H4, with price breaking out of a bullish channel and moving below the ichimoku indicator, we have a bearish bias that price will drop to pivot at 20695 where the 161.8% fibonacci extension and swing low support are. Once we have downside confirmation of […]
Raymond James on Wednesday cut its rating on medical products company Medtronic Plc MDT, -3.08% to market perform from outperform amid doubts about its implied revenue increases in the second half of fiscal 2023. Analyst Jayson Bedford said he’s less confident in his performance estimates for the company. “We fully acknowledge that sentiment is low, […]
Petco Health & Wellness Inc. shares WOOF, +0.19% slid 6% in premarket trade Wednesday, after the pet health and care company posted weaker-than-expected second-quarter earnings and offered guidance that lagged estimates. The San Diego, Calif.-based company had net income of $14.346 million, or 5 cents a share, for the quarter, down from $75.111 million, or […]
Brinker International Inc. shares EAT, +2.12% slid 8% in premarket trade Wednesday, after the operator of Brinker, Chili’s and Maggiano’s restaurants, missed consensus estimates for profit and sales in its fiscal fourth quarter and offered soft guidance. The company posted net income of $40.2 million, or 90 cents a share, for the quarter to Jun […]
Clinical stage biopharmaceutical company Third Harmonic Bio Inc. on Wednesday filed its initial public offering with underwriters Morgan Stanley, Jefferies, Cowen and Lifesci Capital. The Cambridge, Mass.-based company plans to trade on the Nasdaq under the symbol “THRD.” Third Harmonic Bio said it’s focused on new medicines for the treatment of allergic and inflammatory diseases. […]