Tag: brokerswatch
Novavax Inc. NVAX, +9.94% said Tuesday that one million doses of its protein-based COVID vaccine Nuvaxovid are now available in the U.K. “With U.K. data showing that people infected with both COVID-19 and the flu are more than five times as likely to die compared to someone with no infection(1) , it is more important […]
Shares of Avidity Biosciences Inc. RNA, -17.20% tumbled 23.7% in premarket trading on Tuesday after the company said the Food and Drug Administration placed a partial clinical hold on new enrollment in a Phase 1/2 clinical trial trial evaluating a new treatment for myotonic dystrophy type 1, a progressive neuromuscular disease. Avidity said the partial […]
Cracker Barrel Old Country Store Inc. stock CBRL, +5.57% rose 2.3% in premarket trade Tuesday, after the restaurant and retail store operator beat profit estimates for its fiscal fourth quarter, offsetting a revenue miss, and offered upbeat revenue guidance for fiscal 2023. The company posted net income of $33.4 million, or $1.47 a share, for […]
Provident Financial Services Inc. PFS, -0.56% and announced Tuesday and agreement to acquire Lakeland Bancorp Inc. LBAI, -0.55% in a stock deal valued at $1.3 billion. Provident’s stock was indicated down nearly 1% in premarket trading, while Lakeland shares were halted for news until 7: 45 a.m. Eastern. Under terms of the New Jersey-based community […]
United Natural Foods Inc. UNFI, -1.28% shares rose 2.1% on Tuesday after the company said its fourth-quarter net income fell to $39 million, or 63 cents a share, from $43 million, or 69 cents a share, in the year-ago quarter. Adjusted fourth-quarter profit rose to $1.27 a share from $1.25 a share. Fourth-quarter sales increased […]
U.S. Silica Holdings Inc. SLCA, +1.14% said Tuesday its Industrial and Specialty Products business will raise prices by 9% to 20% beginning Nov. 1, to help offset “significant and continuing” cost increases in labor, transportation, materials and manufacturing. The performance materials company said the price increases will be for most of its silica sand, aplite, […]
Shares of Velodyne Lidar Inc. VLDR, -0.46% jumped 5.2% in premarket, putting it on track to open above the $1 mark, after the autonomous technology company announced an agreement to provide sensors to Stanley Robotics for an automated valet parking product. Financial terms of the multiyear agreement were not disclosed. “High-performance sensors are key to […]
Shares of FaZe Holdings Inc. FAZE, +3.73% fell 4.0% in premarket trading Tuesday, after the lifestyle and media platform filed for the sale of up to about 70.0 million common shares, as well as 173,333 warrants to buy stock. Of the total being offered, 5.9 million shares would be offered by the company and 64.0 […]
The Congressional Budget Office, a nonpartisan watchdog agency, estimated on Monday that President Joe Biden’s plan to forgive $10,000 to $20,000 in student loans per eligible borrower would cost $400 billion. Other watchdogs have said Biden’s plan could cost $500 billion to $1 trillion.
Bank of England Gov. Andrew Bailey on Monday said the institution is “monitoring developments in financial markets very closely” after the British pound fell to an all-time low versus the U.S. dollar. In a statement, Bailey acknowledged the U.K. Treasury’s unveiling Friday of its budget plan and further details released Monday. Large tax cuts were […]