Take a look at what companies are trending in the early hours: Dollar Tree — The discount chain’s stocks took a 7% hit following underwhelming quarterly reports and news of several store shutdowns. The company reported an adjusted profit of $2.55 per share, but it wasn’t apparent if this was similar to a StreetAccount estimate… [Read More]
Shares in Amplify Energy (NYSE: AMPY) rose nearly 20% in intraday trading on Monday after the company made two separate statements concerning an oil sheen that had appeared off the coast of Huntington Beach. Amplify said it was cooperating with the US Coast Guard in its investigations, and later announced it was “confident that the… [Read More]
Shares in Amplify Energy (NYSE: AMPY) rose nearly 20% in intraday trading on Monday after the company made two separate statements concerning an oil sheen that had appeared off the coast of Huntington Beach. Amplify said it was cooperating with the US Coast Guard in its investigations, and later announced it was “confident that the… [Read More]
US equities are trading mostly higher on Tuesday at midday after a depressed session on Monday. Nvidia ($NVDA) is outperforming among the big tech names and software, credit cards, household products, department stores, restaurants, and casinos are also strong. Underperformers include airlines, telecoms, energy, utilities, precious metals, and banks. Treasuries are weaker, the Dollar index… [Read More]
March 12, 2024
Spectral AI Wins Government Contract to Support DeepView™ Wound Imaging System Development
AI medical diagnostics company, Spectral AI, Inc. (Nasdaq: MDAI), has inked a new contract with the Defense Health Agency (DHA) and the US Army Medical Materiel Development Activity (USAMMDA) that will provide significant support for the company’s development of a handheld version of its DeepView™ Wound Imaging System, DeepView SnapShot® M. The contract is valued… [Read More]
Tilray Brands (Nasdaq: TLRY) subsidiary and leading hemp foods manufacturer, Manitoba Harvest, has expanded its plant-based breakfast portfolio with the addition of instant Superseed Oatmeal. The company’s new oatmeal product contains hemp heart and is available in Original, Maple & Brown Sugar, and Apple & Cinnamon flavors. The company’s Superseed Oatmeal is packed with 10g… [Read More]
BioNxt Solutions Inc. (OTCQB: BNXTF) has completed a comparative pharmacokinetic (PK) study of its oral dissolvable film (ODF) based proprietary Cladribine product for the treatment of Multiple Sclerosis (MS). BioNxt is developing a proprietary hybrid-generic ODF Cladribine dosage form for the MS market. In February 2023, the company reported positive results from a preclinical oral… [Read More]
March 12, 2024
Stocks making the biggest moves before the bell: Oracle, Kohl’s, Coinbase, Southwest and more
Here’s a roundup of companies causing a stir in premarket trading: Oracle — This IT giant saw its stocks rise by an impressive 13.3% following robust per-share earnings. Oracle revealed adjusted earnings per share of $1.41, surpassing the $1.38 consensus estimate identified by analysts at LSEG. On Holding — The shoemaker suffered a sharp decrease… [Read More]
March 11, 2024
Nvidia Sued Over AI’s Use of Copyrighted Works
As artificial intelligence (AI) continues its evolution and integration into almost every sector, the question of content ownership continues to be raised. This week, Nvidia ($NVDA), a prominent player in the AI field, has found itself facing legal action as authors allege copyright infringement facilitated by its AI technology. The lawsuit addresses Nvidia’s utilization of… [Read More]
The FDA supports an accelerated approval pathway for Mesoblast Limited’s (Nasdaq: MESO) rexlemestrocel-L, Mesoblast’s allogeneic mesenchymal precursor cell (MPC) product, in patients with end-stage ischemic heart failure with reduced ejection fraction (HFrEF) and a left ventricular assist device (LVAD). “We are very pleased with FDA’s feedback that the presented results from our pivotal study of… [Read More]
Dive into the hot stories from today’s midday trading headlines. Bally’s has caught everyone’s attention with shares rocketing over 25% following a buyout overture from hedge fund Standard General, who have valued the casino authority at $15 per share. This is a hefty 41.2% increase from last week’s closing price. Ahead of its fiscal third-quarter… [Read More]
March 11, 2024
PRISM Market Moves on Monday: Nvidia Reverses Declines, STAAR Surgical Soars; Meta and Boeing Decline
US equities are trading lower at midday on Monday after a mixed performance last week. Semis, software, airlines, machinery, steel, credit cards, homebuilders, and auto suppliers are underperforming. Big tech is mixed with some buoyancy from Nvidia ($NVDA) as the company reversed earlier declines and some drag from Meta Platforms ($META) as the stock loses… [Read More]