Financial News · Live Terminal

Page 603 of 687

Top Midday Gainers

Sagimet Biosciences (SGMT) said Monday it has priced an underwritten offering of about 29.2 million shares at $6.00 each to raise about $175 million to help fund its clinical trial.Shares soared 43% as intraday trading volume catapulted to over 45.2 million from a daily average of about 516,000.Veradermics (MANE) said Monday part A of its phase 2/3 trial of VDPHL01 oral pill in males with mild-to-moderate pattern hair loss met all primary and all key secondary endpoints with "high" statistical significance.Shares surged 32%, with intraday trading volume of over 2.5 million from a daily average of roughly 446,000.Oruka Therapeutics (ORKA) jumped 16% after the company said Monday almost 64% of patients treated with ORKA-001 achieved the primary endpoint of complete skin clearance at week 16 in a phase 2a trial in moderate-to-severe plaque psoriasis.More than 5.10 million shares traded intraday, compared with a daily average of about 760,000.Price: $8.36, Change: $+2.50, Percent Change: +42.58%

$MANE$OKRA$SGMT

Wire148d ago

Sector Update: Financial Stocks Rise Monday Afternoon

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was decreasing 0.6%.Bitcoin (BTC-USD) was falling 2.4% to $76,783, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.34%.In corporate news, Citigroup (C) plans to strengthen its investment banking divisions in Japan and China by recruiting upper-level executives to capture additional buyout opportunities, Reuters reported, citing the firm's regional division head, Kaustubh Kulkarni. Citi shares added 0.4%.Goldman Sachs' (GS) Goldman Sachs Alternatives participated as the lead investor in Kashable's $60 million Series C funding round, Kashable said Monday. Goldman Sachs Alternatives participated with up to $50 million, which includes an initial $25 million investment and $25 million to be funded in coming months, subject to conditions, Kashable said. Goldman shares added 0.6%.Oppenheimer (OPY) shares rose 4% after the company said its Oppenheimer & Co. unit agreed to pay $70 million to settle a class-action lawsuit tied to its cash sweep program, avoiding a trial where damages could have exceeded $440 million.

$C$GS$OPY

Wire148d ago

Stifel Cuts Domino's Pizza Price Target to $400 From $495, Maintains Outperform Rating

Domino's Pizza (DPZ) has an average rating of overweight and mean price target of $459.09, according to analysts polled by FactSet.Price: $331.50, Change: $-36.68, Percent Change: -9.96%

$DPZ

Wire148d ago

EU Proposes Measures to Open Google's Android to Rival AI Services

The European Commission on Monday proposed measures that would require Alphabet's (GOOG, GOOGL) Google to open its Android ecosystem to rival AI services and launched a public consultation under the Digital Markets Act.The commission said its preliminary findings outline steps Google should take to ensure third-party AI services can access key Android capabilities and interact with applications on users' devices.The measures would allow competing AI tools to perform tasks such as sending emails, ordering services or sharing photos, which are functions currently largely reserved for Google's own AI offerings, the commission said in a statement."Today's proposed measures will give more choice to Android users about the AI services they use and integrate in their phone," Teresa Ribera, an EU executive vice president, said in the statement.The commission invited interested parties to submit feedback by May 13.Google did not immediately respond to a request for comment from.Price: $350.77, Change: $+8.44, Percent Change: +2.47%

$GOOG$GOOGL

Wire148d ago

Honeywell International Keeps Quarterly Dividend at $1.19 a Share, Payable June 5 to Holders of Record May 15

$HON

Wire148d ago

Ardagh Metal Packaging's Q1 'Beat' Signals Positive Read-Throughs for Peers, RBC Says

Ardagh Metal Packaging's (AMBP) Q1 earnings "beat" and reiterated 2026 outlook point to resilient demand, pricing power and "limited" inflation impact across the beverage can sector, providing positive read-throughs for Ball (BALL) and Crown (CCK), RBC Capital Markets said in a report emailed Monday.The firm said "strong" energy drink and non-alcoholic beverage trends, along with potential tailwinds from global events such as the World Cup, could support low-single-digit volume growth in 2026, while companies are expected to pass through "higher aluminum" costs.The company's Q1 results beat estimates by about 10%, driven by "input cost recovery" and "gains from revaluation of hedges in Europe," though global shipments were slightly down, reflecting North America weakness, the report said.Looking ahead, the firm raised earnings before interest, taxes, depreciation, and amortization estimates for Q2, 2026 and 2027 to $215 million, $765 million and $790 million, respectively, citing solid volume growth and strength in Europe and Brazil, though second-half performance could be pressured by rising raw material costs and "European freight hedge reversal," according to the report.RBC has a sector perform rating on Ardagh Metal Packaging with a price target of $5.

$AMBP$BALL$CCK

Wire148d ago

Hasbro Subsidiary's Workers Seek Union Recognition

Hasbro (HAS) subsidiary Wizards of the Coast's workers are seeking management's voluntary recognition of their union, the Communications Workers of America labor union said Monday.The workers sent a letter to management earlier Monday outlining issues they target to address as a union and gave management until the end of the week to recognize the union, according to a statement.The workers, who are involved in designing the digital game Magic: The Gathering Arena, also filed an election petition with the National Labor Relations Board, the CWA said.Hasbro and Wizards of the Coast did not immediately reply to a request for comment from.Price: $94.85, Change: $-0.23, Percent Change: -0.24%

$HAS

Wire148d ago

Apple Store Workers at Maryland Location File Unfair Labor Practice Charge

Apple (AAPL) Store employees at the soon-to-be closed Towson, Maryland, retail store, represented by the International Association of Machinists and Aerospace Workers, filed an Unfair Labor Practice charge with the National Labor Relations Board against Apple, alleging it illegally discriminated against unionized workers.The iPhone maker has refused to let Towson employees transfer to other locations, requiring them to reapply as external candidates, while offering these opportunities to non-union employees affected by store closures at other locations, the IAM Union said in a statement Monday.The IAM Union alleges that these actions, taken in retaliation for workers' protected union activity, constitute discrimination in violation of federal labor law, according to the statement.Apple did not immediately respond to a request for comment by.Price: $266.90, Change: $-4.16, Percent Change: -1.53%

$AAPL

Wire148d ago

HCA Healthcare Pressure Expected to Persist Through Q2 on Managed Care Rotation, RBC Says

HCA Healthcare (HCA) may face near-term pressure through at least the first half as investors rotate toward managed care, although better trends in March and in-line exchange dynamics support the longer-term outlook, RBC Capital Markets said.The company's weaker-than-expected Q1, driven by lower respiratory volume and weather-related disruption, has increased near-term concern around hospital volumes and patient mix.RBC said in a Sunday note that it expects Friday's share price decline to persist through Q2 as management works to demonstrate execution against growth targets and as investors await further clarity on the impact of ePTC expiry.The investment firm said March volumes improved meaningfully while exchange-related pressure remains manageable. HIX declines reflect both lost volume and patients in grace periods already incorporated into bad debt reserves. Surgical and outpatient trends remain broadly consistent with its full-year outlook, according to the note.RBC reiterated its outperform rating and lowered its price target to $534 from $593, citing increased caution on near-term hospital volume and mix dynamics and a broader rotation toward managed care.Price: $439.41, Change: $+6.95, Percent Change: +1.61%

$HCA

Wire148d ago

Amesite Reports Direct Offering, Placement

Amesite (AMST) said on Monday it has entered into agreements for a registered direct offering and a private placement that could raise up to about $6 million for the company.The firm said it expects gross proceeds of about $2 million, and additional some $4 million if the warrants attached to the offerings of shares and pre-funded warrants are fully exercised.The offerings are expected to close around April 28, with H.C. Wainwright as the placement agent, Amesite said. It plans to use the proceeds for general corporate purposes.Price: $1.21, Change: $-0.37, Percent Change: -23.42%

$AMST

Wire148d ago

Market Chatter: Alphabet's Google Employees Urge CEO to Prevent Use of AI Technology for Military Purposes

Alphabet (GOOG, GOOGL) unit Google's 560 employees have signed an open letter to CEO Sundar Pichai, urging him to block the use of its AI technology by the US government for military operations, the Financial Times reported Monday, citing the letter.These employees want AI to benefit humanity and not to be used in autonomous weapons and mass surveillance, according to the media outlet.The letter was co-ordinated by staff at Google's AI lab DeepMind, people familiar with the matter told the Financial Times.Google 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: $350.02, Change: $+7.70, Percent Change: +2.25%

$GOOG$GOOGL

Wire148d ago

Linde Keeps Quarterly Dividend at $1.60 per Share, Payable June 18 to Holders of Record June 4

$LIN

Wire148d ago

Tutor Perini Subsidiary Wins Construction Task Order From US Army Corps of Engineers

Tutor Perini (TPC) said Monday that its subsidiary, Perini Management Services, has been awarded a construction multiple-award task order contract by the US Army Corps of Engineers, Louisville District.The contract provides a shared capacity of $2 billion over 10 years for construction services supporting the Energy Resilience and Conservation Investment Program, Tutor Perini said.Under the terms, Perini Management can compete for task orders under the program, which may include construction of new electrical and water infrastructure as well as repair, replacement, and modification of existing systems at US military facilities in the US and Puerto Rico, the company said.Price: $87.61, Change: $+0.84, Percent Change: +0.97%

$TPC

Wire148d ago

Honeywell Q1 Impacted by Temporary Aerospace Disruption, Transformation Story Intact, RBC Says

Honeywell International (HON) delivered a mixed Q1 operating beat and reiterated 2026 guidance, despite navigating portfolio transformation, geopolitical disruption and supply chain headwinds, RBC Capital Markets said.Aerospace faced an acute supply chain disruption in January and February, concentrated in mechanical products within engines and power systems, which ended a 14-quarter streak of double-digit output growth but recovered sharply by March, the strongest revenue month of the quarter, according to the note Friday.Honeywell expects its short-cycle businesses to grow mid-to-high single digits in Q2. Building Automation is expected to sustain high-single-digit growth, supported by data center and healthcare demand, while Industrial Automation short-cycle should benefit from continued recovery in China and Europe.Process Automation and Technology faces near-term headwinds from Middle East disruptions but is expected to normalize in the second half of the year as higher oil prices support services and catalyst demand, according to the note.Honeywell expects Q2 adjusted earnings per share of $2.35 to $2.45, below the $2.56 consensus and RBC's $2.50 estimate, reflecting a higher tax rate and between $100 million and $150 million headwind from the Middle East conflict.RBC maintained an outperform rating on Honeywell with a price target of $268.Price: $212.12, Change: $-1.04, Percent Change: -0.49%

$HON

Wire148d ago

Market Chatter: Catalyst Pharmaceuticals Draws Interest From Italy's Angelini Pharma

Catalyst Pharmaceuticals (CPRX) is being considered as a potential acquisition by Italy's Angelini Pharma, Bloomberg reported Monday, citing people familiar with the matter.Angelini is working with advisers, and talks are at a preliminary stage with no certainty of a transaction, the sources said.The Italian drugmaker is reviewing other possible targets, while Catalyst may attract interest from other suitors, the report said.Catalyst and Angelini did not immediately reply to requests 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: $30.29, Change: $+2.92, Percent Change: +10.67%

$CPRX

Wire148d ago

Eni's Q1 Results Mixed as Downstream Weakness Weighs on Earnings, RBC Says

Eni (E) reported mixed Q1 results, with earnings falling below expectations mainly due to weakness in its downstream business and higher maintenance costs, RBC said in a note emailed Monday.The analysts said the results were, however, overshadowed by a more positive guidance, leading the company to increase its share buyback program from 1.5 billion euros ($1.76 billion) to 2.8 billion euros. "We had expected companies to remain cautious amid volatile macro rather than sticking to formulaic payouts in Q1, however with Eni being the first to report, management has thrown down the gauntlet to the rest of the sector," RBC said.Looking ahead, several potential positives could support the company, including developments in Indonesia and Venezuela, which are not yet included in guidance, with potential upside in the 2030 time frame, the firm said. On the downside, there is some uncertainty around a possible share placement by the Italian government, which could weigh on sentiment, the analysts said.The analysts said they are raising 2026 earnings per share estimate by 3%, while cash flow from operations estimate is down 3%. They now assume 3.2 billion euros in buybacks, above the company's guidance, based on a higher oil price outlook.RBC maintains a sector perform rating and a price target of 28 euros on Eni.Price: $53.80, Change: $-0.31, Percent Change: -0.57%

Wire148d ago

SLB's Softer Q2 Guide is due to Incremental Impact From Middle East Disruptions, RBC Says

SLB's (SLB) softer Q2 guidance is due to incremental impact from Middle East disruptions, but markets continue to focus on the scope of higher service demand exiting the conflict, RBC Capital Markets said in a Friday research report.The brokerage anticipates 2026 free cash flow of $3.9 billion, given that SLB expects to spend $2.5 billion of capital this year, which could prompt the company to return all of its FCF to shareholders in 2026.For Q2, RBC guided for EPS of $0.53 on revenue of $8.7 billion, according to the note.The brokerage reiterated its outperform rating on the stock and price target of $61 per share.Price: $55.53, Change: $-0.63, Percent Change: -1.11%

$SLB

Wire148d ago

Kinsale Capital's Growth Outlook Continues to Slow, RBC says

Kinsale Capital Group's (KNSL) growth challenges are expected to continue with no end in sight, RBC said in a note emailed Monday.The brokerage said Kinsale continues to struggle with a competitive environment, particularly in its commercial property division, where premiums were down 28% year over year.However, RBC believes that the stability in Kinsale's profitability remains under-appreciated but expects "shares to be limited by competitive pressures on growth in the near-term."The brokerage maintained the company's sector perform rating and lowered the price target to $375 from $385.Price: $332.20, Change: $-12.88, Percent Change: -3.73%

$KNSL

Wire148d ago

Chemed' VITAS Continues to Build Momentum, RBC Says

Chemed's (CHE) VITAS unit continues to build its momentum, driving a Q1 beat and a "rare" post-Q1 guidance raise for the company, RBC Capital Markets said in a Monday note."We remain encouraged by VITAS momentum in Florida's new markets, where the company has added meaningful Medicare Cap cushion, significantly limiting cap limitation risk this year," the report said.Chemed operates VITAS, a provider of end-of-life care, and Roto-Rooter, a plumbing and drain cleaning services provider.The report said a higher mix of paid leads at Roto-Rooter continues to pressure its margins."We remain cautious on Roto-Rooter, where structural marketingcost headwinds persist and macro risk looms," the note said.RBC raised its price target to $436 from $422 while keeping its sector perform rating.Price: $420.03, Change: $-1.09, Percent Change: -0.26%

$CHE

Wire148d ago

Microsoft to Get Support From Azure, Bookings, M365 Pricing, Oppenheimer Says

Microsoft (MSFT) likely will benefit from stronger Azure growth and bookings in the second half of 2026, a Microsoft 365 price increase, tighter cost control, and recent AI management changes, Oppenheimer said in a note Monday.Azure could be a main driver, with its model pointing to about 39.9% fiscal Q3 constant currency growth, which would come in above guidance and could lift the shares, Oppenheimer said.The company reports fiscal Q3 results April 29.Microsoft 365 should remain steady, helped by deep customer use, security, integration across products, and the recent price increase, the investment firm said, adding that it also expects bookings to improve later in calendar 2026 as more data center capacity comes online and supports more AI-related demand.Risks include management concerns about whether AI can generate good returns could restrain capital investments aimed at faster growth, data center limits that could slow growth, and if M365 customers might look to build agents outside the Microsoft platform, Oppenheimer analysts noted.Oppenheimer reiterated its outperform rating and $515 price target. Fiscal Q3 earnings look favorable with the Azure business showing upside and the company seeing and low expectations after the stock's 13% year-to-date decline and disappointing Q1 earnings, it said.Price: $422.56, Change: $-2.04, Percent Change: -0.48%

$MSFT

Showing 12041-12060 of 13721