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US Senator Warren Warns Against L3Harris' Purchase Of Aerojet: Report
Tuesday, July 11, 2023 - 12:09pm | 413Lawmakers have reportedly warned against L3Harris Technologies Inc (NYSE: LHX) and Aerojet Rocketdyne Holdings, Inc. (NYSE: AJRD) merger deal. U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers, who have urged the Defense...
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Why iMedia Brands Shares Are Trading Lower By 11%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Friday, July 7, 2023 - 12:55pm | 1311Gainers Prestige Wealth Inc. (NASDAQ: PWM) shares jumped 65.6% to $8.28. Prestige Wealth reported pricing of $5 million initial public offering of 1 million shares of common stock at a price of $5 per share. Gorilla Technology Group Inc. (NASDAQ: GRRR) jumped 68.9% to $3.52 after the company...
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Wall Street Is Cautious On These 2 First Half Winners
Friday, July 7, 2023 - 9:36am | 951Lately, it seems like the only thing that can stop the U.S. equity markets is a holiday early close. Heading into the 4th of July celebration, major stock indices are enjoying a festive 2023 thanks to 1) waning expectations of a long anticipated recession and 2) retreating inflation. ...
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Lindsay Increases Quarterly Dividend By 3%
Friday, July 7, 2023 - 8:13am | 200Lindsay Corp (NYSE: LNN) said its Board of Directors increased the quarterly cash dividend to $0.35 per share, representing a 3% increase to the previous quarterly indicated rate of $0.34 per share. The dividend is payable on August 31, 2023, to shareholders of record at the close of...
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Why Cineverse Shares Are Trading Lower By 18%? Here Are Other Stocks Moving In Friday's Mid-Day Session
Friday, June 30, 2023 - 12:34pm | 1382Gainers Addentax Group Corp. (NASDAQ: ATXG) shares jumped 47.3% to $9.68. Addentax Group is launching automation of artificial intelligence internet operational tools project with top Games-as-a-Service firms. CymaBay Therapeutics, Inc. (NASDAQ: CBAY) surged 40% to $10.97. Cyteir Therapeutics,...
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Amazon Hires Dozens of Former FTC Officials, Volkswagen Discusses With Tesla to Adopt North American Charging Standard, FDA Approves First Hemophilia A BioMarin Gene Therapy: Today's Top Stories
Friday, June 30, 2023 - 9:48am | 1942New York Post FTC Chair Lina Khan's Impact? Amazon Hires Dozens of Former FTC Officials Amazon.Com Inc (NASDAQ: AMZN) is poaching several staffers from the Federal Trade Commission as it gears up for an antitrust battle with the regulator. The firm battling charges of strong-arming third-...
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Southwest Pilots On The Verge Of Strike As They Seek To Be Released From Mediation
Friday, June 30, 2023 - 8:34am | 419Southwest Airlines Co.'s (NYSE: LUV) pilots' union is reportedly moving closer to a possible strike. LUV's pilot union filed a request with the National Mediation Board (NMB) to be officially released from mediation. The union stated that talks began more than three years...
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Why Lindsay Shares Are Sliding Today
Thursday, June 29, 2023 - 9:46am | 360Lindsay Corporation (NYSE: LNN) reported a third-quarter FY23 operating revenue decline of 23.2% year-over-year to $164.55 million, missing the consensus of $208.40 million. EPS of $1.53 missed the street view of $2.15 in the quarter under review. "While agricultural market...
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Canopy Growth, Avadel Pharmaceuticals And Other Big Stocks Moving Lower On Friday
Friday, June 23, 2023 - 10:33am | 509U.S. stocks traded lower, with the Nasdaq Composite dropping around 100 points on Friday. Here are some big stocks recording losses in today’s session. GSR II Meteora Acquisition Corp. (NASDAQ: GSRM) fell 26.4% to $7.66. Virgin Galactic Holdings, Inc. (NYSE: SPCE) dropped 17.4% to $4.3950...
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Why Avid Bioservices Shares Are Trading Lower By Over 14%? Here Are Other Stocks Moving In Thursday's Mid-Day Session
Thursday, June 22, 2023 - 1:09pm | 1688Gainers Aeglea BioTherapeutics, Inc. (NASDAQ: AGLE) shares climbed 422% to $0.5572 after the company announced acquisition of Spyre Therapeutics and concurrent oversubscribed $210 million private investment positions. Locafy Limited (NASDAQ: LCFY) jumped 89.7% to $13.28 after the company announced...
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Lockheed Martin Reveals Concerns Over L3Harris-Aerojet Deal: Report
Tuesday, June 20, 2023 - 3:23pm | 359Lockheed Martin Corp (NYSE: LMT) reportedly raised concerns over L3Harris Technologies Inc's (NYSE: LHX) acquisition of Aerojet Rocketdyne Holdings Inc (NYSE: AJRD). Lockheed's chief operating officer, Frank St John, told Reuters that Lockheed, Aerojet...
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Analyzing Corporate Travel Trends: Key Insights From Morgan Stanley's Global Survey
Monday, June 12, 2023 - 2:43pm | 415Morgan Stanley conducted an online survey of 90 global corporate travel managers in mid -late May who are involved in hotel and/or airline carrier negotiations in the U.S., Europe and Asia. Travel managers expect their budgets to be up about 11% versus 2022 in the first half of the year and up...
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Lockheed Martin-GlobalFoundries Partner To Advance Chip Technologies For National Security
Monday, June 12, 2023 - 1:12pm | 349Lockheed Martin Corp (NYSE: LMT) and GlobalFoundries Inc. (NASDAQ: GFS) disclosed a partnership to drive manufacturing and innovation of semiconductors and boost domestic supply chains for U.S. national security systems. Both companies will build a chiplet ecosystem to...
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Lennox International's Growth Prospects: KeyBanc Upgrades to Overweight Amid Strategic Pricing and Distribution Focus
Monday, June 12, 2023 - 11:57am | 369KeyBanc Capital Markets analyst Jeffrey D. Hammond upgraded the rating of Lennox International, Inc. (NYSE: LII) to Overweight from Sector Weight, with a price target of $355. The analyst applauds Lennox International's pricing strategies focusing on decentralized...
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Tesla To Rally Around 21%? Here Are 10 Other Analyst Forecasts For Friday
Friday, June 9, 2023 - 10:18am | 519Susquehanna raised the price target for Landstar System, Inc. (NASDAQ: LSTR) from $152 to $190. Susquehanna analyst Bascome Majors maintained a Neutral rating. Landstar System shares fell 0.2% to trade at $187.49 on Friday. UBS lowered the price target for Signet Jewelers Limited (NYSE: SIG)...