Check out the companies making headlines in midday trading. United Airlines — Shares surged 17.5% after the airline posted a narrower-than-expected loss in the first quarter. Quarterly revenue came in at $12.54 billion, topping an LSEG estimate of $12.45 billion. Travelers Companies — The insurance stock fell 7.4% after a disappointing first-quarter report. Travelers said … Read more
Check out the companies making the biggest moves in premarket trading: Eli Lilly , ResMed — Eli Lilly’s stock moved 2% higher following the pharmaceutical giant’s announcement that its weight loss drug Zepbound showed the potential to treat patients with obstructive sleep apnea. Shares of ResMed, which makes devices to treat the sleep-related breathing disorder, … Read more
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut … Read more
Check out the companies making headlines before the bell: Dollar Tree — Shares dropped 7% after the discount retailer posted disappointing quarterly results and announced the closure of several stores. Dollar Tree posted an adjusted profit of $2.55 per share. That said, it wasn’t clear if that number was comparable to a StreetAccount estimate of … Read more
Check out the companies making headlines in midday trading. Bally’s — Shares soared more than 25% after hedge fund Standard General made a buyout proposal valuing the casino operator at $15 per share. That’s 41.2% higher than where the stock finished last week. Oracle — Shares added 1.6% ahead of the software giant’s fiscal third-quarter … Read more
Check out the companies making headlines in midday trading. Nvidia — Shares fell nearly 5% as Nvidia took a breather from its winning streak. Earlier in the session, the stock notched a new 52-week high. The chipmaker has gained 7% week to date and is headed for its ninth-straight winning week. Marvell Technology — The … Read more
Check out the companies making headlines before the bell. Carvana — Shares gained more than 5% after RBC upgraded the stock to sector perform from underperform. The firm cited a reasonable valuation and a favorable setup for unit acceleration. MongoDB — Shares fell more than 8% after the company issued disappointing first-quarter and full-year guidance … Read more
Check out the companies making headlines before the bell. Spotify — The streaming stock popped 7.4% after Spotify reported an increase in Premium subscribers — which reached 236 million in the fourth quarter — that beat analysts’ expectations as estimated by the FactSet consensus. Palantir — Shares of the data analytics provider surged more than … Read more
Check out the companies making headlines in midday trading. Nvidia — The chipmaker climbed nearly 5% and reached an all-time high after Goldman Sachs increased its price target to $800 per share from $625. Catalent , Novo Nordisk — The contract drug manufacturer climbed about 10% on the back of an agreement to get taken … Read more