Category: Stock Market
Shares of Vir Biotechnology Inc. VIR, +6.86% were up 10.2% in premarket trading on Tuesday after the company said it received a contract from the U.S. government that is worth up $1 billion to develop treatments for the flu and other “infectious disease threats.” As part of the agreement, the Biomedical Advanced Research and Development […]
Odeon Capital Group analyst Richard Bove on Tuesday reiterated a buy rating on Truist Financial Corp. TFC, +1.85% and said the bank’s role as leading lender in Fort Myers, Fla., will position it to play a role in the rebuilding effort for Hurricane Ian. “It is in the right place at the right time to […]
Loop Media Inc. LPTV, +1.81% said Tuesday it has entered a collaboration with TikTok that will bring its content to Loop’s digital out-of-home service on a dedicated channel. The move will allow consumers at more than 12,500 bars, restaurants and retail outlets that have Loop players to enjoy TikTok’s content. “TikTok has become the platform […]
Hycroft Mining Holding Corp. HYMC, +2.87% disclosed Tuesday that it was notified by the Nasdaq exchange that it is in violation of the minimum-bid listing requirement. Under the Nasdaq Listing Rules, a company’s stock is required to maintain a minimum bid of $1.00 per share, based on the closing bid price for the last 30 […]
Shares of Gilead Sciences Inc. GILD, +1.02% rallied 3.2% in premarket trading Tuesday, after the biopharmaceutical company was upgraded at J.P. Morgan, which cited greater clarity on the human immunodeficiency virus (HIV) IV franchise and an emerging and undervalued oncology, or cancer treatment franchise. Analyst Christopher Schott raised his rating to overweight, after being at […]
Shares of Hut 8 Mining Corp. HUT, +7.30% HUT, +5.69% rallied 4.2% in premarket trading Tuesday, after the bitcoin miner said it generated 277 bitcoin BTCUSD, +1.75% in September, at an average rate of 9.2 bitcoin per day. That brings the company’s total bitcoin held in reserve to 8,388, which at current prices would be […]
The U.S. Centers for Disease Control and Prevention has dropped its country-by-country COVID-19 travel health notices that it began issuing early in the pandemic, the Associated Press reported. The reason: Fewer countries are testing for the virus or reporting the number of COVID-19 cases. That limits the CDC’s ability to calculate travelers’ risk, according to […]
Acuity Brands Inc. AYI, +1.38% reported Tuesday fiscal fourth-quarter profit and sales that rose above expectations, citing “strong demand” and an ability to capture price. Shares of the lighting company were still inactive in premarket trading. Net income for the quarter to Aug. 31 rose to $115.4 million, or $3.48 a share, from $98.1 million, […]
U.S. stocks opened higher Monday, with all three major benchmarks kicking off October with gains after an ugly September. The Dow Jones Industrial Average DJIA, +2.66% was up 1.2% soon after the opening bell, while the S&P 500 SPX, +2.59% rose 1.1% and the Nasdaq Composite COMP, +2.27% gained 0.8%, FactSet data show, at last […]
Shares of Carnival Corp. CCL, -2.56% bounced 1.1% in morning trading Monday, reversing an earlier loss of as much as 6.4%, but underperformed shares of rival cruise operators and the broad stock market, after Stifel Nicolaus analyst Steven Wieczynski said Carnival’s issues are “company specific.” Trading volume was 43.1 million shares, enough to make the […]