Tag: Marketwatch
Mining company Ivanhoe Electric Inc. IE, set terms for its initial public offering on Friday with plans to offer 14.4 million shares priced at $11.75 to $12.50 each. The company is planning a dual listing on the New York Stock Exchange and Toronto Stock Exchange under the ticker “IE.” BMO Capital Markets and Jefferies are […]
Cowen analyst Vivien Azer on Friday tapped Turning Point Brands TPB, +3.60% as a best small-to-midcap [smidcap] investing idea for 2022 as consumers turn to its Stoker’s chewing tobacco and Zig-Zag rolling papers for cannabis. “Value-priced Stoker’s positions TPB for continued market share gains, while sustained growth in Zig-Zag/cannabis should be driven by innovation and […]
TE Connvectivity Ltd. TEL, +2.36%, a maker of sensors and connectors, said Friday its board has approved an additional $1.5 billion share buyback program. The Swiss-based company is listed on the New York Stock Exchange. Shares were not active premarket but have fallen 30% in the year to date, while the S&P 500 SPX, +0.22% […]
Acadia Pharmaceuticals Inc. ACAD, +3.94% said Friday its stock will be halted from trading Friday as a U.S. Food and Drug Administration panel meets virtually to discuss a new drug application for a treatment for hallucinations and delusions associated with Alzheimer’s disease psychosis. The FDA’s Psychopharmacologic Drugs Advisory Committee will review Acadia’s Nuplazid at a […]
World Wrestling Entertainment Inc. WWE, -3.64% disclosed Friday that it is conducting and investigation into “alleged misconduct” by Vincent McMahon, its chairman and chief executive officer. Effective immediately, McMahon has stepped back from his responsibilities as CEO and chairman until the investigation is concluded. “I have pledged my complete cooperation to the investigation by the […]
The U.S.-listed shares of China-based companies were seeing big and broad gains in premarket trading Friday, after Reuters reported that China’s central bank accepted Ant Group’s application to set up a financial holding company. That fueled hopes that China’s regulatory crackdown was easing. The iShares China Large-Cap exchange-traded fund FXI, +1.83% jumped 4.1%. Among the […]
Hexo Corp. HEXO, +2.30% HEXO, -3.77% said Friday its Zenabis Global Inc. cannabis cultivation unit has filed a petition with the Superior Court of Québec for protection under the Companies’ Creditors Arrangement Act (CCAA) to restructure its business. Ernst & Young Inc. has been appointed as monitor to oversee the CCAA process. Hexo said the […]
Steven Goldstein is based in London and responsible for MarketWatch’s coverage of financial markets in Europe, with a particular focus on global macro and commodities. Previously, he was Washington bureau chief, directing MarketWatch’s economic, political and regulatory coverage. Follow Steve on Twitter: @MKTWgoldstein. Source: Marketwatch
Shares of Roku Inc. ROKU, +4.89% are up more than 4% in premarket trading Friday after the streaming-media company announced a shopping-related partnership with Walmart Inc. WMT, -1.93%. The two companies said late Thursday that they are working “to make TV streaming the next e-commerce shopping destination” and have inked a partnership that will make […]
Redfin Corp. RDFN, +7.60% said Friday home offers written by its agents that faced competition declined to 57.8% in May, the lowest level since February 2021. That was down from 60.9% in April and from a post-pandemic peak of 68.8% a year ago. The online real estate services platform said the number of bids that […]