Articles by Daniel Marsh
Energy Rally Offsets Chip Slump as Wall Street Holds Near Highs
U.S. stocks were mixed on Monday as a surge in energy shares, driven by rising oil prices, offset a decline in chipmakers. The S&P 500 edged higher, while the Dow and Nasdaq slipped, with benchmarks trading near record highs.
MarineMax Jumps 46% on $53/Share Safe Harbor Takeover Deal
MarineMax (HZO) soars 46% after Safe Harbor agrees to buy the company for $53 per share in cash, a 48.5% premium to Friday's close. The deal spread narrows to 1.75%.
Varex Imaging Soars 48% on Teledyne's $1.1B Cash Acquisition Offer
Varex Imaging (VREX) surged 48% in premarket trading after Teledyne (TDY) announced a $1.1 billion cash acquisition at $18.90 per share, a 52% premium.
Intel's $15B Share Sale to Fund Capex, Dilute Stock by ~3%
Intel (INTC) announced a $15 billion stock offering, diluting shares by ~3% to fund capital spending. Shares fell 3% premarket.
Palantir Deal: USA TODAY's Data Bet Faces Tough Test
USA TODAY's new Palantir partnership aims to turn data into dollars, but a 12% audience slump and heavy debt make it a high-stakes gamble.
Tenax Therapeutics Plunges 85% as Phase 3 Trial Misses Key Goals
Tenax Therapeutics (TENX) shares plummeted 85% premarket after its Phase 3 LEVEL trial failed to meet primary endpoints, erasing $425 million in market cap.
Oklo's Rally Pushes Valuation to $9B Despite Early-Stage Revenue
Oklo's 14.8% Friday surge lifts its market cap to $9B, but Q2 revenue of $1.2M and a $73.2M operating loss highlight the gap between valuation and execution.
Jin Medical Shares Double Premarket After Share Count Surge
Jin Medical (NASDAQ:ZJYL) shares nearly doubled premarket as a post-deal share restructuring expanded the share count tenfold, resetting the company's valuation.
Doximity Soars 33% on AI Hopes, Analysts Split
Doximity (DOCS) surged 33% on AI revenue optimism, adding $1.2B in market value, but Wells Fargo downgraded the stock, citing unproven monetization.
B2Gold's Mali Permit Sparks Rally; Q2 Cash Flow Concerns Overlooked
B2Gold's stock rallied sharply after Mali granted a key mining permit, shifting focus from Q2 cash flow to future production growth.