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Supply Chain Challenges To Hit Masimo's Q1 FY22 Sales
Thursday, March 31, 2022 - 1:16pm | 272Masimo Corp (NASDAQ: MASI) expects Q1 FY22 product revenue of $285 million - $315 million, lower than expected. Shortages of critical components and other supply chain issues, including freight carrier delays, have led to lower-than-expected sales in the first quarter. Related: Joe...
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10 Biggest Price Target Changes For Thursday
Thursday, March 31, 2022 - 10:41am | 408Goldman Sachs raised the price target on Consolidated Edison, Inc. (NYSE: ED) from $65 to $83. Consolidated Edison shares rose 0.5% to trade at $95.24 on Thursday. Canaccord Genuity cut Motorsport Games Inc. (NASDAQ: MSGM) price target from $12 to $5. Motorsport Games shares fell 27.2% to $1....
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Cue Health Clocks $193M In Q4 Sales Buoyed By Solid Customer Base
Wednesday, March 30, 2022 - 7:50am | 276Cue Health Inc (NASDAQ: HLTH) reported Q4 sales of $192.5 million, compared to $13.3 million in Q4 FY20, beating the consensus of $185.29 million. The growth was driven by production capacity ramp through 2021, U.S. Department of Defense contract delivery, and expansion of customer base...
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UnitedHealth Scoops Up Home-Health Firm LHC Group In $5.4B Deal
Tuesday, March 29, 2022 - 11:35am | 350UnitedHealth Group Inc (NYSE: UNH) has agreed to buy LHC Group Inc (NASDAQ: LHCG) for about $5.4 billion in cash. The acquisition by UnitedHealth's Optum health-services arm will add one of the country's largest home-health firms to a portfolio that already includes...
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Ligand To Spin-Off OmniAb Via Avista Capital-Backed SPAC Merger
Thursday, March 24, 2022 - 6:17am | 383Ligand Pharmaceuticals Inc (NASDAQ: LGND) signed a merger agreement with Avista Public Acquisition Corp II (NASDAQ: AHPA), providing for the spin-off of OmniAb Inc. APHA is Avista Capital Partners-backed special purpose acquisition company (SPAC), and OmniAb is Ligand'...
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58 Biggest Movers From Yesterday
Thursday, March 24, 2022 - 5:02am | 2028Gainers Allego N.V. (NYSE: ALLG) shares surged 114.1% to close at $17.73 on Wednesday after the company announced the completion of its merger agreement with Spartan Acquisition Corp., which resulted in 98% of the company notes redeemed at the merger vote. The company is also gaining retail...
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Mid-Day Market Update: Nasdaq Turns Positive; 4D pharma Shares Jump
Wednesday, March 23, 2022 - 12:04pm | 838The Nasdaq Composite turned higher midway through trading on Wednesday. The Dow traded down 0.69% to 34,566.59 while the NASDAQ rose 0.28% to 14,148.16. The S&P also fell, dropping, 0.29% to 4,498.57. Also check this: Alphabet And 3 Other Stocks Sold By Insiders Leading and Lagging...
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38 Stocks Moving In Wednesday's Mid-Day Session
Wednesday, March 23, 2022 - 12:00pm | 1417Gainers Allego N.V. (NYSE: ALLG) shares jumped 158.5% to $21.41 after the company announced the completion of its merger agreement with Spartan Acquisition Corp., which resulted in 98% of the company notes redeemed at the merger vote. The company is also gaining retail investor interest. 4D...
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4 Penny Stocks Insiders Are Buying
Wednesday, March 23, 2022 - 8:54am | 619The Dow Jones surged by more than 250 points on Tuesday. Investors, meanwhile, focused on some notable insider trades. When insiders purchase or sell shares, it indicates their confidence or concern around the company's prospects. Investors and traders interested in penny stocks can consider...
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Cue Health Offers COVID-19 Tests At Albertsons Pharmacies
Tuesday, March 22, 2022 - 10:28am | 197Cue Health Inc (NASDAQ: HLTH) has partnered with Albertsons Companies Inc (NYSE: ACI) for COVID-19 test kits. The partnership will provide Cue’s molecular COVID-19 tests at participating Albertsons pharmacies across the country. Customers will get their test results...
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Lexicon Announces Loan Facility Of $150M With Oxford Finance To Support Sotagliflozin Commercialization
Friday, March 18, 2022 - 9:57am | 274Lexicon Pharmaceuticals Inc (NASDAQ: LXRX) entered into a loan facility with Oxford Finance LLC for $150 million to support commercial preparations and the potential launch of sotagliflozin in heart failure. The loan facility consists of four tranches, each maturing in...
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Why Are Luna Innovations Shares Trading Higher Today
Monday, March 14, 2022 - 10:46am | 271Luna Innovations Inc (NASDAQ: LUNA) reported fourth-quarter FY21 revenue growth of 26% year-on-year to $24.2 million, beating the consensus of $23.7 million. The gross margin contracted 300 bps to 58%, driven primarily by product mix due to acquisitions. Luna reported a positive...
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Novan Acquires EPI Health To Bolster Commercial Force For Potential Marketing Of Its lead Products
Friday, March 11, 2022 - 12:10pm | 261Novan Inc (NASDAQ: NOVN) has acquired EPI Health LLC, a specialty pharmaceutical company focused on the U.S. dermatology market. EPI Health offers a product portfolio that includes four prescription products across psoriasis, rosacea, dermatosis, and acne, with a 2021 operating...
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NOVN: A Banner Year for Novan - 2021 Results
Monday, March 7, 2022 - 12:00pm | 5066By John Vandermosten, CFA NASDAQ:NOVN READ THE FULL NOVN RESEARCH REPORT Fourth Quarter and Full Year 2021 Results On February 22, 2022, Novan Inc. (NASDAQ: NOVN) reported fourth quarter and 2021 financial and operational results in a press release following the filing of Form 10-K on February...
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68 Biggest Movers From Yesterday
Thursday, March 3, 2022 - 4:53am | 2249Gainers ECMOHO Limited (NASDAQ: MOHO) climbed 56.7% to close at $0.3650 on Wednesday after jumping 10% on Tuesday. Imperial Petroleum Inc. (NASDAQ: IMPP) shares jumped 39.2% to close at $2.06 after dipping 37% on Tuesday. Nordstrom, Inc. (NYSE: JWN) shares jumped 37.8% to settle at $26.93 after...