Tag: Marketwatch
Shares of Deere & Co. DE, -14.07% fell 1.8% toward a three-month low in premarket trading Friday, even after the agriculture, construction and forestry equipment maker reported fiscal second-quarter profit and revenue that rose above expectations, as “strong demand” helped offset supply-chain pressures. Net income increased to $2.10 billion, or $6.81 a share, from $1.79 […]
Shares of Foghorn Therapeutics Inc. FHTX, +18.08% were down 23.7% in premarket trading on Friday, the day after the company said U.S. regulators had placed a partial clinical hold on a Phase 1 clinical trial assessing an experimental therapy for relapsed and/or refractory acute myelogenous leukemia. The Food and Drug Administration has asked for a […]
Shares of THG THG, +24.52% climbed 25% in London as a potential bidding war emerged for the U.K.-listed online retailer, known as the Hut Group. THG said late Thursday that it had rejected a proposal from a group of investment companies led by Belerion Capital and King Street Capital Management for 170 pence a share, […]
Frontdoor Inc. FTDR, +1.03% said Friday that Chief Executive Rex Tibbens will step down, effective June 1, after four years in the role. The home-service plan provider, which brands include American Home Shield, Landmark and OneGuard, said Chairman William Cobb will succeed Tibbens, who will remain at the company through June 30 in an advisory […]
Leafly Holdings Inc. LFLY, +0.31% shares rose 2.6% in premarket trades Friday after the company drew an outperform rating and a $12 price target as Cowen analysts Harrison Vivas and Vivien Azer initiated coverage of the online cannabis marketplace. Leafly currently counts 8% more paid retailers than its rival company Weedmaps, which is run by […]
Shares of Match Group Inc. MTCH, +2.20% surged 5.2% in premarket trading Friday, after the data apps company after Alphabet Inc.’s GOOG, -1.29% GOOGL, -1.34% Google made “various concessions” regarding Match’s complaints. As a result, Match said it has withdrawn its request for a temporary restraining order, which it said last week that it would […]
Shares of Zymeworks Inc. ZYME, +2.92% rallied 1.5% in morning trading Friday, after the biopharmaceutical company said it rejected the “unsolicited, opportunistic, non-binding” $10.50-per-share buyout bid by activist investor All Blue Falcons FZE. The company said it determined that the bid by the UAE-based investment holding company “significantly undervalues” the company and its prospects, and […]
Shares of Ollie’s Bargain Outlet Holdings Inc. OLLI, -1.94% slipped 0.3% in morning trading Friday, but were outperforming the retail sector by a wide margin, after BofA Securities analyst Jason Haas swung to bullish from bearish on the closeout retailer, citing signs suggesting availability of closeout merchandise has “meaningfully improved” over the past several months. […]
Shares of Novavax Inc. NVAX, -8.57% sank 8.8% in midday trading Friday, after BofA Securities analyst Alec Stranahan recommended investors avoid the COVID-19 vaccine maker, citing a bearish view on continued booster use and increasing competition in the respiratory syncytial virus (RSV) and flu markets. Stranahan initiated coverage of Novavax at underperform and with a […]
Rite Air Corp. RAD, -0.53% said Friday that the COVID-19 boosters for 5-to-11 year olds made by Pfizer Inc. PFE, +3.59% and BioNTech SE BNTX, -2.90% are available at its drug stores and at Bartell Drugs, which it owns. The booster for that age group was authorized by the Food and Drug Administration earlier this […]