Tag: Marketwatch

NewAge Inc. NBEV, +0.05% said Friday it has received notice from Nasdaq Stock Market LLC that it is not in compliance with the $1.00 closing bid listing requirement. The Utah-based health and wellness beverage and cannabis company has 180 days, until Aug. 23, to regain compliance or its stock will be delisted. The regain compliance, […]

The Centers for Disease Control and Prevention will announce plans to significantly loosen federal mask-wearing guidelines later Friday, the Associated Press reported, citing two people familiar with the plan. will announce a change to the metrics it uses to determine whether to recommend face coverings, shifting from looking at COVID-19 case counts to a more […]

Shares of Cinemark Holdings Inc. CNK, -0.17% shot up 3.7% in premarket trading Friday, after the movie theater operator swung to a surprise fourth-quarter profit, the first profit in eight quarters, as revenue rose nearly seven-fold to beat expectations by a wide margin. The company reported net income of $5.7 million, or 5 cents a […]

Shares of Under Armour Inc. UAA, +3.86% UA, +4.78% rallied 0.8% in premarket trading Friday, after the athletic apparel and accessories company said it has entered into a $300 million accelerated share repurchase (ASR) agreement. The ASR was entered into with JPMorgan Chase Bank, National Association, Bank of America N.A. and Citibank N.A. The ASR […]

Foot Locker Inc. shares FL, -29.80% slid 13% premarket Friday, after the athletic retailer offered weak guidance for 2022, offsetting a fourth-quarter earnings beat and news of a higher dividend. The company posted net income of $103 million, or $1.02 a share, for the quarter, down from $123 million, or $1.17 a share, in the […]

Cannabis company Akanda Corp. has postponed its initial public offering that had been planned for Friday, according to IPOScoop.com. The UK-based company founded last year by former Canopy Growth Corp. CGC, +0.14% executive Tej Virk had planned to raise $16 million by offering 4 million shares at $4 a share with Boustead Securities for trading […]

Zynga Inc. ZNGA, +4.20% said Friday the “go-shop” period under its previously announced merger agreement with videogame publisher Take-Two Interactive Software TTWO, +1.16% has been completed and said it still expects the deal to close in the first quarter of Take-Two’s fiscal 2023 ending June 30, 2022. “Zynga’s Board of Directors continues to believe that […]

Gap Inc. GPS, +2.86% announced plans to raise the 2022 annual dividend to 60 cents per share, 25% higher than the previous 48 cents per share dividend. The first quarterly dividend of 15 cents per share will be payable on or after April 27 to shareholders of record as of April 6. Gap stock has […]

LendingTree Inc. TREE, +15.65% rose nearly 7% in premarket trades on Friday after the loan provider said it expects first-quarter revenue of $280 million to $290 million, ahead of the Wall Street consensus estimate of $277.7 million, according to a survey by FactSet. For full-year 2022, LendingTree expects revenue of $1.2 billion to $1.25 billion, […]

Philip Morris International Inc. PM, +2.38% said Friday it has temporarily suspended operations in Ukraine, including at its factory in Kharkiv, in the wake of Russia’s invasion of the country. Philip Morris’ stock rose 0.8% in premarket trading, after falling 5.3% on Thursday. The cigarette maker said that in 2021, Ukraine accounted for about 2% […]