The New York Stock Exchange welcomes Snowflake (NYSE:SNOW), on Tues. Dec 21st, 2021, to usher in the first day of winter. NYSE Here are the companies that are in the spotlight before the bell rings. Snowflake — After revealing a lower-than-expected revenue forecast for the first quarter and the retirement of CEO Frank Slootman, the…
Polestar Automotive Holding UK PLC (Nasdaq: PSNY) has announced securing $950 million through a three-year loan facility provided by a syndicate of 12 international banks, including notable names like BNP Paribas and HSBC. The loan aims to cover a significant portion of Polestar’s upcoming financial needs, complementing the $770 million cash balance reported as of…
Salesforce signage is seen at its headquarters in San Francisco on Feb. 28, 2024. Justin Sullivan | Getty Images Salesforce’s shares dipped by 4% following lower-than-expected fiscal year guidance. Despite exceeding expectations for Q4, the soft guidance sent the shares lower. Salesforce also unveiled a $10 billion increase in buyback and initiated a 40 cents…
PRISM Zombie Index Leader Beyond Meat, Inc. (BYND), is seeing a big gain today as its trading close to 45% higher on its recent earnings release. However, outside of exceeding the Street’s Q4 revenue estimates ($73.7M vs Factset $66.7M) the rest of the report was nothing the market should be having a cow over. So,…
US equities are lower on Wednesday at midday following Tuesday’s mostly higher session. Small-caps are lagging and big tech is trading lower. Managed care, hospitals, semis, luxury apparel, refiners, road/rail, and airlines are underperforming, while autos, exchanges, grocers, and telecom are performing better. Treasuries are firmer, the Dollar index is up +0.2%, Gold is down…
As Wall Street braces for crucial inflation data, traders navigated through a mix of economic indicators, all the while looking for hints from Federal Reserve officials on the future of interest rates. Equities experienced slight declines on Wednesday, following a report indicating that the US economy grew at a marginally slower pace in the last…
Rare disease company, Capricor Therapeutics (Nasdaq: CAPR), has been granted an in-person Type-B meeting with the FDA to discuss chemistry, manufacturing and controls (CMC) plans for commercial launch for the potential launch of its treatment for Duchenne Muscular Dystrophy (DMD). The company believes this may enable opportunities to expedite the pathway to a Biologics License…
Mind Medicine (MindMed) Inc. (Nasdaq: MNMD) has announced its financial results for the year ended December 31, 2023, closing out a “highly productive” year with positive Phase 2b results for MM120 in the treatment of adult patients with generalized anxiety disorder (GAD). Rob Barrow, Chief Executive Officer and Director of the Company, said, “We believe…
Bone cancer is rare, making up just one percent of all cancer cases. Despite advances in treatment for other cancers, the standard of care for primary bone cancers have remained largely unchanged for the past 40 years. In the past five years, however, encouraging research developments and industry investments have signaled a shift that will…
A package of Beyond Meat burgers arranged in a grocery store in Dobbs Ferry, New York, US, on Tuesday, May 9, 2023. Tiffany Hagler-Geard | Bloomberg | Getty Images The plant-based meat company Beyond Meat’s shares skyrocketed by 59% following its announcement of exceeding fourth-quarter revenue estimates and plans to drastically cut costs in the…
Atlas Energy Solutions (NYSE: AESI) has made a significant move in the energy sector with its agreement to acquire Hi-Crush Inc., a prominent proppant producer. Proppant is a gritty material made up of uniformly sized particles that is mixed with fracturing fluid to hold open fractures made in the ground during the hydraulic fracking process….
Voyager Therapeutics (Nasdaq: VYGR) has selected a lead development candidate in its Friedreich’s Ataxia (FA) program. The company expects the program to advance into first-in-human clinical trials in 2025. Selection of the development candidate triggered a $5 million milestone payment to Voyager, which the Company expects to receive in the first quarter of 2024. Under…