Tag: Marketwatch
U.S. stock benchmarks were trading flat to slightly higher Wednesday morning, a day after the Nasdaq Composite and S&P 500 halted a multi-session streak of gains. The Dow Jones Industrial Average DJIA, +0.30% was up 0.1% at around 36,425, the S&P 500 index SPX, +0.15% was up 0.1% at 4,793, while the Nasdaq Composite Index […]
Shares of Medallion Financial Corp. MFIN, -28.05% plummeted 56.5% toward a 13-month low in premarket trading Wednesday, to pace all premarket decliners, after the Securities and Exchange Commission charged the New York-based bank holding company and its Chief Operating Officer Andrew Murstein for engaging in “fraudulent schemes” to boost its stock price. The SEC’s complaint […]
Shares of cruise operators fell Wednesday, after the number of ships being investigated and observed by the Centers for Disease Control and Prevention as a result of COVID-19 cases reported has increased, fueling fears that the CDC could call for another pause in sailings. Shares of Carnival Corp. CCL, -0.71% dropped 0.9% in premarket trading, […]
Shares of Alaska Air Group Inc. ALK, +0.53% fell 0.8% in premarket trading Wednesday, after the air carrier said overnight that it will cut departures from Seattle by about 20%, as it continues to be feel the impact of severe winter weather and staffing shortages related to COVID-19. The company said decision to cut capacity, […]
Shares of Victoria’s Secret & Co. VSCO, -0.25% rallied 7.0% in premarket trading Wednesday, after the underwear and apparel seller announced a $250 million accelerated share repurchase (ASR) agreement. Based on Tuesday’s stock closing price of $48.58, the ASR could represent 5.15 million shares, or about 5.8% of the shares outstanding. Separately, the company affirmed […]
Shares of FuelCell Energy Inc. FCEL, -6.83% sank 5.1% toward 13-month low in premarket trading Wednesday, after the fuel cell technology company reported a wider-than-expected fiscal fourth-quarter loss as revenue surprisingly declined. The net loss for the quarter to Oct. 31 was $24.98 million, or 7 cents a share, after a loss of $19.66 million, […]
Shares of NRx Pharmaceuticals Inc. NRXP, -4.66% soared 17.8% in premarket trading Wednesday, after the drug development company said it filed a new Breakthrough Therapy Designation (BTD) with the U.S. Food and Drug Administration for Zyesami in patients at immediate risk of death from COVID-19, despite treatment with Remdesivir. The FDA had previously declined Emergency […]
The global tally for COVID-19 rose to 282.9 million as of Wednesday morning and the death toll climbed to 5.42 million, according to data aggregated by Johns Hopkins University. The U.S. leads the world with a total COVID-19 case count of 53.2 million and death toll of 820,929. In the U.S., the seven-day average of […]
Oramed Pharmaceuticals Inc. ORMP, -11.40% said Wednesday its Oravax Medical subsidiary has signed an agreement with Vietnam-based Tan Thanh Holdings Investment Joint Stock Co. to pre-purchase 10 million doses of Oravax’s oral COVID-19 vaccines in development. The drug maker’s stock slipped 0.1% in premarket trading. The agreement is comprised of undisclosed milestone payments, and the […]
The American Petroleum Institute, a trade group, reported Tuesday that U.S. crude-oil inventories fell 3.09 million barrels last week, according to sources, and gasoline supplies declined by 319,000 barrels, as distillate stocks fell by 716,000 barrels. Crude supplies in Cushing, Okla., the New York Mercantile Exchange delivery hub, were seen increasing by 1.594 million barrels. […]
