Moderna reported a surprising third-quarter profit on Thursday, driven by cost reductions and stronger-than-expected sales of its COVID-19 vaccine, despite lower-than-anticipated revenue from its new respiratory syncytial virus (RSV) vaccine. Shares of the Cambridge, Massachusetts-based company jumped 11% in premarket trading. For the quarter, Moderna posted a profit of $13 million, or 3 cents per […]
Under Armour’s shares soared 25% on Thursday after the sportswear giant raised its annual profit forecast, citing lower input costs and effective cost-saving measures, such as reducing discounts at its stores and website. The strong performance came after several quarters of disappointing results, prompting company founder Kevin Plank to return as CEO. Plank’s plan to […]
According to a recent Gallup poll, 62 per cent of adults in the Unites States currently own stocks, which represents the highest percentage since 2008. While stock ownership is frequently regarded as an important component of economic participation and progress, the distribution of stock holdings tells a different tale, indicating growing wealth gaps among Americans. […]
The state of Texas has initiated legal action against General Motors (GM), alleging the automaker illegally collected and sold data from more than 14 million vehicles without drivers’ consent. The lawsuit, filed by Texas Attorney General Ken Paxton, stems from a broader investigation into the data practices of several automakers, focusing specifically on GM’s handling […]
Mars, the global family-owned confectionery giant known for brands such as M&M’s and Snickers, has announced its acquisition of Kellanova, the maker of Cheez-It and Pringles. The deal, valued at approximately $36 billion, is set to become the largest transaction in the packaged food industry. Mars pays 33% premium for Kellanova Mars will pay $83.50 […]
nCino Inc. (NASDAQ: NCNO) received a significant boost today when Goldman Sachs upgraded its rating from Neutral to Buy, with a new price target of $42, up from $34. This change reflects Goldman’s growing confidence in nCino’s ability to navigate recent business challenges and capitalize on new growth opportunities. Analyst Adam Hotchkiss noted that nCino […]
Victoria’s Secret & Co (NYSE: VSCO) named Hillary Super its new chief executive on Wednesday. Investors are cheering the news as Super is a seasoned retail executive who has previously held top positions at the likes of Savage X Genty (music star Rihanna’s fashion line) and Anthropologie. A 20% increase in VSCO share price this […]
Dell Technologies Inc. (NYSE: DELL) is in the spotlight today following Wells Fargo’s decision to reduce its price target on the company from $175 to $150, still reflecting a potential upside of 50% from its current price. This adjustment comes amidst ongoing discussions about Dell’s AI server monetization versus margin concerns. According to Wells Fargo, […]
Micron stock looks relatively flat in the last year when one looks at the stock price. However, the stock has had its fair share of volatility. At one point, it was up over 85% for the and after the peak in June, it went down as much as 40%. The volatility wasn’t just restricted to […]