Articles by Daniel Marsh
Honeywell Split Debuts Monday: Key Price Level to Watch
Honeywell's two-for-one split begins Monday, with the combined package of new shares valued at $464.42. Both stocks will trade as separate S&P 500 members.
Snowflake Soars 9.65% in Heavy Russell Rebalance Volume
Snowflake (NYSE:SNOW) jumped 9.65% to $248.96 on Friday, driven by FTSE Russell's index rebalancing, with volume hitting 25.61 million shares. The gain flipped a weekly decline into a 7.2% rise from June 18.
GameStop Stock Rises as EBITDA Forecast Nears Cash Pile Value
GameStop shares rose 3.57% to $21.76 after forecasting FY2026 adjusted EBITDA above $600 million, nearly matching its $9.7 billion cash pile. The market cap now closely aligns with liquid assets.
ImmunityBio Volume Surges on Russell Index Changes; Monday Trading Key
ImmunityBio surged 11.8% on Friday with volume tripling its average, driven by Russell index reconstitution. Monday's trading will reveal if the spike holds.
Lucid Stock Surges 15.6%, Adding $312M in Market Cap After $158M Cost-Cutting Plan
Lucid shares surged 15.6% on Friday, adding $312 million in market value, nearly double the $158 million in annualized savings from this week's restructuring plan.
Moderna Shares Surge on CAR-T Pipeline Plans, Outperform Sector
Moderna shares surged 12.6% after announcing new in vivo CAR-T pipeline plans, closing at $67.27, 52% above the mean analyst target but 14.5% below Piper Sandler's new $77 target.
Eli Lilly surges $76B on Jaypirca EU backing, Medicare obesity coverage
Eli Lilly stock soared 7.13% to $1,208.12, gaining $75.7B in market value on EU support for Jaypirca and anticipation of Medicare obesity drug access.
Exemplar Luxury Group Exits Bankruptcy with 49 Stores, $9B Target
Exemplar Luxury Group, the renamed Saks Global, exits bankruptcy with 49 stores, a $9 billion sales target, and $500 million in exit financing.
European Heatwave Tests Grid Stability as AC Adoption Lags
A record heatwave in Europe is boosting air-conditioner sales for Samsung, LG, Midea, and Mitsubishi Electric, but grid stress and high power prices raise concerns about energy system resilience.
Crypto Sell-Off Deepens as AI Stocks Lure Investors; Gold Miner i-80 Reports Progress
Cryptocurrencies dropped nearly 9% as AI stocks gained favor. i-80 Gold released drill results, NSE plans a major IPO, Vizsla Silver advances its mine strategy, and US-Iran tensions keep oil steady.
Tech Selloff Deepens as Chip Index Plunges 5.3%; Jobs Data in Focus
The PHLX chip index fell 5.3% Friday and 7.9% for the week, overshadowing broader market gains. Tech funds lost nearly $20 billion as rising memory costs hit Apple and others. June payrolls data is due Thursday.