Forest Products

The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock's strength on days when prices go up to its strength on days when prices go down. When compared to a stock's price action, it...

Gainers WaveDancer, Inc. (NASDAQ: WAVD) shares climbed 86% to $0.5505. Tellenger, a subsidiary of Wavedancer, Inc., won a seven-year U.S. government contract. T Stamp Inc. (NASDAQ: IDAI) gained 53.1% to $2.22. Trust Stamp received privacy-secured biometric identification and verification patent....

Needham cut the price target for Datadog, Inc. (NASDAQ: DDOG) from $105 to $90. Needham analyst Mike Cikos maintained a Buy rating. Datadog shares jumped 15.1% to trade at $75.76 on Thursday. HC Wainwright & Co. lowered the price target for Sensus Healthcare, Inc. (NASDAQ: SRTS) from $16...

Gainers Satixfy Communications Ltd. (NYSE: SATX) shares gained 140.7% to settle at $31.80 on Tuesday. Tenax Therapeutics, Inc. (NASDAQ: TENX) jumped 45.7% to close at $0.1351 on Tuesday. Exagen Inc. (NASDAQ: XGN) rose 42.4% to close at $2.99 following upbeat Q3 results. Gelesis Holdings, Inc. (...

U.S. stocks closed higher on Tuesday, with the Nasdaq Composite gaining more than 150 points. Here is the list of some big stocks recording gains in the previous session. 4D Molecular Therapeutics, Inc. (NASDAQ: FDMT) jumped 38.6% to close at $18.69 after Goldman Sachs upgraded the stock from...

There is almost always a positive reaction in a stock when Warren Buffett’s Berkshire Hathaway Inc (NYSE: BRK-A) (BRK-B) announces his firm has taken a stake. What the issue does in the regular session sometimes differs. That is certainly the case with wood siding manufacturer ...

Gainers SenesTech, Inc. (NASDAQ: SNES) shares surged 91.7% to $0.2751. SenesTech reported a 1-for-20 reverse stock split. Pineapple Energy Inc. (NASDAQ: PEGY) shares jumped 45% to $3.41 after the company reported Q3 financial results. Siyata Mobile Inc. (NASDAQ: SYTA) rose 37.2% to $0.2264 after...

Louisiana-Pacific Corp (NYSE: LPX) reported a third-quarter FY22 sales decline of 16% year-on-year to $852.00 million, beating the consensus of $840.01 million. Segment Revenues: Siding climbed 26% Y/Y to $394 million, Oriented Strand Board (OSB) fell 35% to $388 million, and...

Barclays cut the price target on NIKE, Inc. (NYSE: NKE) from $125 to $110. Barclays analyst Adrienne Yih also downgraded the stock from Overweight to Equal-Weight. NIKE shares fell 4.3% to trade at $102.60 on Tuesday. Truist Securities cut the price target for Royal Caribbean Cruises Ltd. (...

U.S. stocks closed lower, with the Nasdaq dropping 150 points on Tuesday. Here is the list of some big stocks moving lower in the previous session. Magic Empire Global Limited (NASDAQ: MEGL) dipped 89.5% to close at $12.32 on volatility following the company's IPO on Friday. AMTD Digital Inc...

Louisiana-Pacific Corp (NYSE: LPX) reported a second-quarter FY22 sales decline of 3% year-on-year to $1.13 billion, missing the consensus of $1.25 billion. The gross margin contracted by 1,272 bps to 45.8%. The operating income decreased 27.1% Y/Y to $462 million with an operating...

Louisiana-Pacific Corp (NYSE: LPX) reported fourth-quarter FY21 sales growth of 15% year-on-year, to $992 million, beating the consensus of $912.74 million. Sales by segments: Siding $281 million (+9% Y/Y), Oriented Strand Board $470 million (+10% Y/Y), Engineered Wood Products...

Louisiana-Pacific Corp (NYSE: LPX) (LP Building Solutions) declared a 22% increase in its quarterly cash dividend to $0.22 per share, up from its previous $0.18 per share dividend. The dividend is payable on March 14, 2022, to shareholders of record as of February 28, 2022. Also...

Resolute Forest Products Inc (NYSE: RFP) has agreed to acquire Louisiana-Pacific Corp's (NYSE: LPX) 50% equity interest in two joint ventures that produce I-joists in the Lac-Saint-Jean region of Quebec for $50 million. Resolute-LP Engineered Wood Larouche Inc. and Resolute...

Goldman Sachs analyst Susan Maklari upgraded Louisiana-Pacific Corp (NYSE: LPX) to Neutral from Sell and raised the price target to $84, from $59. Maklari mentions the supply/demand backdrop suggests limited downside in wood products stocks over the coming quarters as...