Tag: Marketwatch

Shares of AMC Entertainment Holdings Inc. AMC, -1.09% gained 0.9% in premarket trading Wednesday, after the movie theater operator and “meme” stock said it paid about $50 million to repurchase about $72.5 million of its 10.0% second lien debt due 2026, representing about a 31% discount. The company said the repurchase of the debt will […]

Shares of WeTrade Group Inc. WETG, +67.92% ran up 12.1% in volatile trading Tuesday, after the China-based developer of ecommerce platforms for microbusinesses debuted on the Nasdaq exchange, and announced the pricing of its $40 million stock offering. The stock was uplisted to the Nasdaq Capital Market as of Tuesday, after previously trading over the […]

Oil futures finished higher on Tuesday, shaking off earlier losses as concerns over the Organization of the Petroleum Exporting Countries’ inability to significantly raise production and talk of more U.S. restrictions on fossil fuels created an environment for higher oil prices, said Phil Flynn, senior market analyst at The Price Futures Group. Some expectations for […]

Shares of Novavax Inc. NVAX, +11.60% jumped 11.9% in trading on Tuesday after the Centers for Disease Control and Prevention’s Advisory Committee on Immunization Practices voted in favor of the company’s COVID-19 vaccine. The next step is for CDC director Rochelle Walensky to decide whether to sign off on the decision; if she does, the […]

The U.S. has new intelligence that Russia is planning to annex more Ukrainian territory, the Biden administration said Tuesday. Briefing reporters at the White House, John Kirby, the National Security Council’s strategic communications coordinator, said such a move would be “illegal and illegitimate,” and that Russia would face extra sanctions. Kirby said the U.S. would […]

Stocks rose sharply Tuesday in a broad rally, gaining ground as investors focused on earnings and guidance as equities extended a bounce from their June lows. The Dow Jones Industrial Average rose around 754 points, or 2.4%, to close near 31,827, according to preliminary figures. The S&P 500 SPX, +2.76% jumped 2.8% to finish near […]

The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 1.9 million barrels for the week ended July 15, according to sources. The API data also reportedly showed a weekly inventory climb of 1.3 million barrels for gasoline and a supply decline of nearly 2.2 million barrels for distillates. Oil stocks at […]

Published: July 19, 2022 at 4:48 p.m. ET Cal-Maine Foods Inc. , the No. 1 egg producer and distributor in the U.S., swung to a profit in the fiscal fourth-quarter as the average price of its shell eggs rose nearly 30%. Cal-Maine said it earned $110 million, or $2.25 a share, in the quarter, contrasting […]

Gold futures settled modestly higher on Tuesday, extending their gains into a second consecutive session, but prices remained down by more than 5% for month to date. The precious metal needs to trade above $1,700 until the Federal Reserve meeting on July 26-27, “for any recovery to a short-term bullish zone,” said Chintan Karnani, director […]

Published: July 19, 2022 at 1:40 p.m. ET An options strategy Netflix Inc.’s stock known as a straddle on is priced Tuesday for a much bigger than usual one-day move after the streaming video giant reports second-quarter results after the closing bell. A straddle is a pure volatility play in which bullish (calls) and bearish […]