Articles by Daniel Marsh
Volato Soars 55% on $500M AI Merger, Yet Market Cap Trails Deal Value
Volato (SOAR) surged 55% after unveiling a $500M merger with AI infrastructure firm Alignment Engine, yet its market cap is just $13M. Shares later fell in premarket trading.
VolitionRx Shares Jump 97% on Sepsis Test Validation
VolitionRx shares surged 97.5% premarket after clinical validation of its Nu.Q NETs sepsis biomarker. The study, published in Critical Care Medicine, boosted investor confidence.
Real Home Values Slip Again as Inflation Outpaces Price Growth
U.S. home prices rose 1.5% year-over-year in June, but 3.5% inflation kept real values falling for a 13th month. Regional gaps widen as mortgage rates stay elevated.
D-Wave Stock Tumbles 9.5% on CFO Retirement; Market Cap Loses $679M
D-Wave Quantum shares dropped 9.5% following CFO retirement news, wiping out $679 million in market cap. Greg Golkov named acting CFO.
Revolution Medicines Rallies on RASONQUE Launch, Sales Forecasts
Revolution Medicines (RVMD) gains 2.3% premarket after RASONQUE's U.S. debut. RBC projects strong sales ramp, with Q3 at $28M and Q4 at $148M.
Boston Scientific Plunges 3.4% on Cyberattack Disrupting Operations
Boston Scientific (BSX) shares dropped 3.4% after a global cyberattack disrupted order processing and shipping, erasing $2.5 billion in market value. Analysts estimate up to $369 million in Q3 revenue could be at risk.
SolarEdge Soars 10.7% on FCC Inverter Rule, UBS Upgrade
SolarEdge shares surged 10.7% after UBS upgraded the stock to Buy, citing FCC restrictions on foreign inverters as a key growth driver. The rally added $197 million to market value.
Apple's Market Cap Jumps $52B on iPhone Event Optimism
Apple shares climbed 1.15% to $313.45, boosting market cap by $51.8B as investors await the September 9 event, likely to reveal the iPhone 18 and possibly a foldable device.
Nike Hits 2014 Low as Truist Downgrades on Weak Retail Trends
Nike shares dropped 2.25% to $38.59, hitting a 2014 low, after Truist downgraded the stock to Hold and cut its price target to $42, citing soft footwear trends at key retailers.
Wendy's Plunges 13% After Trian Says No Takeover Bid Coming
Wendy's shares dropped 13.27% after Trian Fund Management said it won't make an offer, erasing $229 million in market value.