Tag: Marketwatch
This replaces an earlier item that reported incorrect year-to-date share gains for Piedmont Lithium and Livent. It has been corrected. Shares of Piedmont Lithium Inc. PLL, +9.72% charged up 11.5% in midday trading Wednesday, after the lithium producer announced a $141.7 million grant from the U.S. Department of Energy. The company said the grant is […]
Intuitive Surgical Inc. ISRG, +10.96% shares rallied Wednesday after the surgical robotics company’s quarterly results topped Wall Street estimates. Intuitive Surgical shares rose more than 12% to an intraday high of $220.98 Wednesday Late Tuesday, the company reported third-quarter net income of $324 million, or 90 cents a share, compared with $380.5 million, or $1.04 […]
Shares of Zymeworks Inc. ZYME, +9.00% gained 8.4% in premarket trading on Wednesday after the company announced a licensing deal with Jazz Pharmaceuticals plc JAZZ, -1.95% for its cancer drug, zanidatamab, which is currently being tested as a treatment for some HER2-expressing cancers. Jazz will pay Zymeworks $50 million upfront. Including all regulatory and commercial […]
U.S. stocks ended higher Tuesday, booking back-to-back gains, as investors digested earnings results from companies including Goldman Sachs Group Inc. The Dow Jones Industrial Average DJIA, +1.12% closed 1.1% higher, while the S&P 500 SPX, +1.14% gained around 1.2% and the Nasdaq Composite rose 0.9%, according to preliminary data from FactSet. Goldman GS, +2.33% was […]
Carvana Co. shares CVNA, +0.99% have lost more than 90% of their value this year, but one analyst isn’t betting on a rally from here. Wedbush analyst Seth Basham downgraded Carvana’s stock to neutral from outperform Tuesday, writing that “a further deterioration in market conditions, a bloated cost structure, and high cash burn” make it […]
United Parcel Service Inc.’s UPS, +1.00% aircraft maintenance and related workers’ union approved on Tuesday a three-year deal that boosts wages for 1,675 Teamsters members and raises pension contributions by the package delivery giant. The deal was approved by more than 87% of union members who voted. Under terms of the deal, annual wages will […]
U.S. stocks rose sharply at the open on Tuesday, looking to add to their gains from Monday’s session, which saw the Nasdaq Composite log its biggest percentage-point gain since July. Investors attributed the strong appetite for risk to more strong corporate earnings reports. The S&P 500 SPX advanced 81 points, or 2.2%, to 3,759. The […]
Vir Biotechnology Inc. VIR, +4.50% said Tuesday that it began dosing participants in a Phase 2 clinical trial evaluating its experimental monoclonal antibody to prevent illness from influenza A. The investigational therapy is an intramuscular dose that has been designed to prevent seasonal flu and influenza A, which has previously caused flu pandemics, including the […]
Intel Corp.’s INTC, +1.97% Mobileye Global Inc. has set terms for its initial public offering, in which the advanced driver assistance systems (ADAS) and autonomous driving technologies company looks to raise up to $820 million and be valued at up to $15.93 billion. Mobileye plans to offering 41.0 million Class A shares in the IPO, […]
XPO Logistics Inc. XPO, +3.55% a trucking-transportation and brokerage service, announced Monday that executives now expect third-quarter sales of around $3.04 billion, which would be the company’s lowest quarterly revenue since 2015, according to FactSet data. Shares fell 2% after hours. The forecast was a bit below FactSet expectations for $3.09 billion, and comes as […]
