Tag: Marketwatch
Shares of Victoria’s Secret & Co. VSCO, -3.04% moved 3% higher after hours after the lingerie maker said it expected third-quarter operating income and per-share profit to be closer to the high end of prior financial forecasts. Victoria’s Secret said its updated outlook was based on “quarter to date trends” and a “high single digit” […]
Shares of Digital World Acquisition Corp., DWAC, -1.12% the special-purpose acquisition company planning to take former President Donald Trump’s media-ventures company public, jumped 10% after Axios reported that Truth Social, Trump’s social media platform, received approval from Google for distribution on its Google Play Store. Axios noted that nearly half of smartphone users in the […]
Shares of cruise operators were the top-3 gainers in the S&P 500 SPX, +0.03% in afternoon trading Wednesday, with Norwegian Cruise Line Holdings Ltd. NCLH, +12.13% getting bullish backing from UBS on the back of upbeat bookings data. Norwegian’s stock shot up 11.0%, Royal Caribbean Group shares RCL, +11.78% leapt 10.8% and Carnival Corp.’s stock […]
The U.S. Department of Agriculture lowered its 2022/2023 outlook for U.S. wheat exports by 50 million bushels to 775 million bushels, according to a report released Wednesday. That would be the lowest amount of domestic wheat exports since the 1971/1972 marketing year, the government agency said. The USDA cited “reduced supplies, slow pace of export […]
TerrAscend Corp. TRSSF, +1.34% TER, +0.98% said Wednesday its New Jersey and Maryland subsidiaries have closed on a $45.5 million, non-brokered senior secured term loan from funds managed by Pelorus Equity Group. The loan currently bears interest of 12.77% per year and is based on a variable rate tied to the one month secured overnight financing rate (SOFR), with interest-only […]
Shares of Lyft Inc. LYFT, +6.08% jumped 3.5% in premarket trading Wednesday, off the previous session’s record low close, after Gordon Haskett analyst Robert Mollins recommended investor buy, citing “overly negative” sentiment and a number of potential positive catalysts. The stock had tumbled 12.0% on Tuesday, and rival ride-share company Uber Technologies Inc.’s stock UBER, […]
Coronado Global Resources Inc. CRN, +8.01% confirmed Wednesday that it has held “confidential discussions” with Peabody Energy Corp. BTU, -2.62% about a merger. The Australia-based coal miner said it was responding to a report in The Australian that said the company and the Missouri-based coal miner, which had a market capitalization of $3.80 billion as […]
General Electric Co. GE, -1.51% on Tuesday said it is filing a registration statement for the planned spin-off of its healthcare unit, part of the industrial giant’s effort to split into three separate public companies. Larry Culp, in a statement, said the move would give the segment, GE HealthCare, “greater focus and flexibility to serve […]
Continued pressure on tech and tech-related shares killed an attempted bounce by the Nasdaq Composite a day after the index ended at its lowest in more than two years. The S&P 500 SPX, -0.71% also turned lower, on track for a fifth straight losing session in the final hour of trading Tuesday. The Dow Jones […]
Shares of Laser Photonics Corp. LASE, +62.99% blasted 62.1% higher in very active afternoon trading Tuesday, after the laser cleaning announced an order from the U.S. Navy. The rally was enough to make the stock the second-biggest gainer trading on major U.S. exchanges, but not enough to recapture where the recent initial public offering priced. […]
