Tag: brokerswatch

American Tower REIT AMT, -0.01% declared Thursday a quarterly distribution of $1.47 a share, up from the previous payout of $1.43 a share in June. For the past 10 year, each distribution payment by the real estate investment trust (REIT), which owns multitenant communications real estate, has been higher than the previous one. Based on […]

General Motors Co. GM, -0.44% said Thursday that its GM Ventures unit made a strategic investment in Lithion Recycling Inc.’s Series A financing round. The companies did not disclose the dollar amount of the investment. Montreal-based Lithion Recycling has developed technology that allows up to 95% of battery components to be recovered and treated to […]

Tilray Brands Inc. TLRY, -5.38% on Thursday said its FL Group S.R.L. unit in Italy has received approval from the Italian ministry of health to import and distribute Tilray’s medical cannabis oral solution THC25. Tilray Medical runs a national pharmaceutical distribution business with FL Group to fill medical cannabis prescriptions for patients in Italy, one […]

Shares of Salesforce Inc. CRM, +1.85% rallied 1.6% in afternoon trading Thursday, to bounce off the previous session’s 2 1/2-year closing low, as investors cheered what the customer relationship management software company didn’t say at its investor day as much as what it did say. The stock’s rally comes amid weakness in the broader stock […]

Shares of Redfin Corp. [rdfn] tanked 6.5% toward a record-low close, as big jump in Treasury yields weighed on real estate services companies, by increasing concerns over rising mortgage rates and further weakness in the residential housing market. Redfin’s stock has tumbled TK% amid a six-day losing streak, and was headed for the lowest close […]

Shares of AMC Preferred Equity Units APE, -9.17%, known as “APEs,” tumbled 13.3% in midday trading Thursday, as the trading vehicle of AMC Entertainment Holdings Inc.’s AMC, -8.02% special dividend headed toward a fifth straight loss and new lows. The “APE” shares, a nod to investors who turned a movie theater operator into a “meme” […]

U.S. stocks opened mixed Thursday as investors weighed economic data showing initial jobless claims rose slightly. The Dow Jones Industrial Average DJIA, -0.07% was up 0.1% soon after the opening bell, while the S&P 500 SPX, -0.58% slipped less than 0.1% and the Nasdaq Composite COMP, -1.27% fell 0.2%, according to FactSet data, at last […]

Shares of Affirm Holdings Inc. AFRM, -6.17% were up more than 3% in premarket trading Thursday after the company announced that it would launch a buy-now-pay-later option on Amazon.com Inc.’s AMZN, -1.54% site in Canada. The company already has a relationship with Amazon in the U.S. Affirm noted in a Thursday press release that eligible […]

Shares of Spero Therapeutics Inc. SPRO, +226.76% soared 188.4% in trading on Thursday morning after the company signed an exclusive license agreement with GlaxoSmithKline GSK, -0.34% for its experimental antibiotic for complicated urinary tract infections. Spero’s therapy, tebipenem HBr, is expected to enter Phase 3 clinical trials next year. If approved, it would offer patients […]

The U.S. Energy Information Administration reported on Thursday that domestic natural-gas supplies rose by 103 billion cubic feet for the week ended Sept. 16. That compared with the average analyst forecast for an increase of 92 billion cubic feet, based on a survey conducted by S&P Global Commodity Insights. Total working gas stocks in storage […]