Financial News · Live Terminal

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B. Riley Adjusts Price Target on Alpha and Omega Semiconductor to $25 From $19, Maintains Neutral Rating

B. Riley Adjusts Price Target on Applied Materials to $485 From $450, Maintains Buy Rating

Applied Materials (AMAT) has an average rating of buy and mean price target of $424.67, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $398.09, Change: $-1.41, Percent Change: -0.35%

$AMAT

Wire119d ago

Northland Securities Adjusts Intel Price Target to $92 From $54, Maintains Outperform Rating

Intel (INTC) has an average rating of Hold and mean price target of $54.51, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $64.32, Change: $+1.94, Percent Change: +3.11%

$INTC

Wire119d ago

Seer Gets Buyout Proposal From Radoff-JEC Group; Shares Rise

Seer (SEER) has received a non-binding proposal from the Radoff-JEC Group to acquire the company for $2.25 per share in cash plus a contingent value right, the latter said Monday.The group, which owns about 7.6% of Seer's outstanding shares, said the offer represents a 33% premium to the company's most recent closing price and includes a contingent value right entitling shareholders to 80% of net proceeds from any sale or licensing of Seer's assets.The proposal is subject to confirmatory due diligence and assumes the company has at least $215 million in net cash and cash equivalents at closing, the Radoff-JEC group said.Seer did not immediately respond to' request for comment.Seer shares were 8.9% higher in early Monday trading.Price: $1.85, Change: $+0.16, Percent Change: +9.47%

$SEER

Wire119d ago

Klarna to Offer Online Payment Options for German Gaming Retailer Mindfactory

Klarna (KLAR) said Monday it entered into a partnership with German gaming retailer Mindfactory to make Klarna's payment options available at Mindfactory's online checkout.Financial terms of the partnership were not disclosed.Price: $12.86, Change: $-0.18, Percent Change: -1.42%

$KLAR

Wire119d ago

Visa Launches Exchange Offer for Class B-1, Class B-2 Shares

Visa (V) said Monday that it has launched an exchange offer for a combination of its class B-3 common stock, class C common stock, and cash consideration in lieu of fractional shares where applicable.The exchange offer will expire May 8.The company said that based on current conversion rates, each class B-1 share will be exchanged for approximately 0.2877 share of class C common stock. It also said each share of class B-2 common stock will be exchanged for approximately 0.1884 share of class C common stock.Price: $303.84, Change: $-0.67, Percent Change: -0.22%

Wire119d ago

Revolution Medicines' Drug Shows Survival Benefit in Pancreatic Cancer Trial; Shares Rise Pre-Bell

Revolution Medicines (RVMD) said Monday the phase 3 trial of its experimental drug, daraxonrasib, to treat a type of pancreatic cancer met key goals, showing significant improvements in progression-free and overall survival versus standard chemotherapy.The company said the drug delivered a median overall survival of 13.2 months, compared with 6.7 months for chemotherapy.The drug developer said it plans to submit the data to global regulators, including the US Food and Drug Administration, for marketing application.Shares of the company were up over 34% in Monday's premarket activity.Price: $129.87, Change: $+33.10, Percent Change: +34.32%

$RVMD

Wire119d ago

Aeluma Wins $4 Million in Contracts for US Government Semiconductor Program; Shares Rise Pre-Bell

Aeluma (ALMU) said Monday it has won more than $4 million in contracts to scale the US government's semiconductor heterogenous integration platform for quantum and high-speed datacom applications.The company said Tower Semiconductor (TSEM) and Sumitomo Chemical Advanced Technology will participate in the work involved in the contracts."These contracts provide non-dilutive funding to accelerate commercialization, and to strengthen our relationship with key government partners in making manufacturing of next-generation photonic systems more viable," said CEO Jonathan Klamkin.Shares of Aeluma rose more than 23% in premarket trading Monday.Price: $13.27, Change: $+2.51, Percent Change: +23.33%

$ALMU

Wire121d ago

Children's Place Fiscal Q4 Adjusted Loss Widens, Revenue Falls; Shares Drop After Hours

Children's Place (PLCE) reported a fiscal Q4 adjusted loss late Friday of $1.86 per diluted share, widening from the loss of $0.75 a year earlier.One analyst polled by FactSet expected a loss of $0.96.Revenue in the three months ended Jan. 31 fell to $329.2 million from $408.6 million a year earlier.One analyst surveyed by FactSet expected $358.3 million.Children's Place shares fell 19% in after-hours trading.

$PLCE

Wire121d ago

Market Chatter: Epic Games' Fortnite Resurgence Hinges on Walt Disney Partnership

Epic Games is pinning its Fortnite rebound on its game development with Walt Disney (DIS) after rushing product releases to chase trends backfired, Bloomberg reported Friday, citing company employees.The company acknowledged that new games, Fortnite upgrades, and a new mobile store did not live up to expectations, according to the sources.The first game under the partnership with Disney is expected to launch in November, with at least two more games expected in the future, the media outlet reported.Epic Games did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $99.01, Change: $-0.79, Percent Change: -0.79%

$DIS

Wire121d ago

Top Cryptocurrencies Rise; Bitcoin Holds Above $73,000 Level

Major digital assets rose Friday, with Bitcoin (BTC-USD) holding above the $73,000 level.The CoinDesk Market Index, which tracks dozens of digital assets including Bitcoin, rose 1.2% in the past 24 hours. The Nasdaq 100 rose 0.1%, the S&P 500 fell 0.2%, and the Dow Jones Industrial Average decreased 0.6%.Bitcoin rose 1.2% to $73,110, according to CoinMarketCap data. The most popular cryptocurrency's 24-hour trading volume rose 10.3% to $39.1 billion.Ethereum (ETH-USD), the second-largest digital asset by market value, climbed 1.3% to $2,250.XRP (XRP-USD) advanced 0.3%, BNB (BNB-USD) was little changed, and Solana (SOL-USD) rose 1.4%. Dogecoin (DOGE-USD) climbed 1.2%, while Cardano (ADA-USD) gained 0.7%.The US 10-year Treasury yield stood at 4.315% at 3 p.m. ET Friday, up from 4.287% Thursday, while the five-year yield rose to 3.939% from 3.911%.The total market value of the cryptocurrency industry advanced 1.4% in the past 24 hours to $2.48 trillion, with trading volume gaining 1% to $149.95 billion.Price: $73096.51, Change: $+1312.99, Percent Change: +1.83%

$ADA-USD$BNB-USD$BTC-USD$DOGE-USD$ETH-USD$SOL-USD$XRP-USD

Wire121d ago

Versamet Royalties Completes Eskay Creek Gold Stream Acquisition

Versamet Royalties (VMET) said Friday it completed the acquisition of a 3.52% gold stream on the Eskay Creek gold-silver project in Canada for $340 million in cash and about 2.05 million common shares issued to sellers.The company acquired the stream from fund entities managed by Orion Resource Partners and affiliates of Blackstone (BX), with the deal partly financed through a $400 million amended credit facility.Eskay is projected to produce an average of over 300,000 ounces of gold per year in its first five years, Versamet said.Shares of Versamet were down nearly 4% in Friday trading.Price: $12.09, Change: $-0.32, Percent Change: -2.57%

$VMET

Wire121d ago

Whirlpool to Invest $60 Million in New Ohio Production Facility

Whirlpool (WHR) plans to invest $60 million in a new production facility in Perrysburg, Ohio, with a two-year development expected to create 100 to 150 jobs.The investment will be used to revamp a building previously used for solar-panel manufacturing, the company said Friday in a statement.The site, for production of appliance components and subassemblies for washers and dryers, will serve as a hub for US operations and support nearby Ohio plants, the company said.The investment is subject to final approval of incentives, including assistance from JobsOhio and a state tax credit, the company said.Price: $56.29, Change: $-0.59, Percent Change: -1.04%

$WHR

Wire121d ago

Bristol-Myers Squibb Poised for In-Line Q1 Amid One-Off Volatility, RBC Says

Bristol-Myers Squibb's (BMY) Q1 results are expected to come in line with consensus, but weaker oncology sales and one-off factors are likely to give way to volatility, RBC Capital Markets said Friday in a note.The investment firm said the quarter will be difficult to model due to volatility from destocking patterns, tough year-over-year comparisons, policy impacts and generic phasing dynamics.RBC said it estimates the company to report Q1 revenue of $10.75 billion and earnings of $1.42 per share. Analysts polled by FactSet expect $1.42 in non-GAAP EPS, $1.17 in GAAP EPS and $10.87 billion in revenue.Investor focus during the quarterly call will be on the company's upcoming trial results, particularly late-stage data for drug candidates milvexian and cobenfy, which are key to determining when Bristol-Myers returns to growth.Bristol-Myers will report Q1 results on April 30.RBC has a sector perform rating and price target of $60 on the stock.Price: $58.62, Change: $-0.85, Percent Change: -1.44%

$BMY

Wire121d ago

Market Chatter: Nvidia Chips Allegedly Brought Into China by AI Firm Sharetronic

Nvidia (NVDA) chips are suggested to have been brought into Shenzen-based computing firm Sharetronic Data Technology, despite their ban for sale into and within the Asian nation by the US government since 2022, Bloomberg reported Friday, citing records filed with the Chinese government.The records imply that Sharetronic obtained hundreds of Super Micro systems, which contain either Nvidia's H100 or H200 processors, valued at 632 million Chinese yuan ($92.6 million), according to the report.Sharetronic, which sets up AI data centers in China, said that it complies with regulations and assured investors that it does not have a business relationship with Super Micro, which saw one of its co-founders and two other people charged with diverting Nvidia chips to China, the report said.In an emailed statement to, Nvidia said it instructs customers not to provide "any controlled servers, support, or service" without US government approval. "Our strict diligence process led to prosecutions of would-be smugglers, and we continue to work with the government to enforce the rules," an Nvidia spokesperson said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $188.83, Change: $+4.89, Percent Change: +2.66%

$NVDA

Wire121d ago

CCC Intelligent Shares Fall After Citigroup Downgrade

CCC Intelligent Solutions (CCC) shares were down about 7% in Friday trading after Citigroup downgraded the stock to neutral from buy and lowered its price target to $6 from $10.Trading volume stood at more than 4.5 million shares, compared with a daily average of almost 13 million shares.Price: $4.96, Change: $-0.38, Percent Change: -7.04%

$CCC

Wire121d ago

Simply Good Foods Shares Fall After Stephens Downgrade

Simply Good Foods (SMPL) shares fell 11% on Friday after Stephens downgraded the stock to equalweight from overweight and cut its price target to $14 per share from $24.Both UBS and Deutsche Bank reduced their price targets to $13 from $16 following its Q2 results.Trading volume stood at over 5.6 million shares compared with a daily average of more than 2.4 million.Price: $10.51, Change: $-1.29, Percent Change: -10.93%

$SMPL

Wire121d ago

Veeva Systems Shares Fall After Citigroup Downgrade

Veeva Systems (VEEV) shares were down over 4% in Friday trading after Citigroup downgraded the stock to neutral from buy and cut its price target to $176 from $291.Trading volume stood at more than 2.7 million shares, compared with a daily average of about 2.2 million shares.Price: $150.55, Change: $-6.53, Percent Change: -4.16%

$VEEV

Wire121d ago

NICE Shares Fall After Downgrade From Citigroup

NICE's (NICE) shares were down more than 6% in Friday trading after Citigroup downgraded the company's stock to neutral from buy and lowered its price target to $119 from $184.Trading volume stood at over 573,100 shares, versus the daily average of 816,270.Price: $97.73, Change: $-6.68, Percent Change: -6.40%

$NICE

Wire121d ago

Market Chatter: WEX Shareholders Urged by Impactive Capital to Replace CEO on Board Next Month

WEX (WEX) shareholders are being urged by Impactive Capital to replace the company's Chief Executive Officer Melissa Smith on its board of directors at its annual meeting next month, Reuters reported Friday, citing sources and documents.Impactive Capital, which owns about 5% of WEX, wants to replace three sitting directors, including CEO Smith, who is also the company's board chair, the report said, adding that the hedge fund does not want to replace the CEO, but replace her on the board and to separate the CEO and chair roles.The hedge fund further said that Smith's pay is too high and the board's governance record is poor, Reuters reported.WEX did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $157.98, Change: $-1.52, Percent Change: -0.95%

$WEX

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