Articles by Daniel Marsh
Vistance Networks Shares Halved After $10 Special Dividend Payout
Vistance Networks shares dropped nearly 49% after trading ex-dividend for a $10 special cash payout, funded by the sale of its Connectivity and Cable Solutions business.
Aterian Surges 89% on $18M Brand Sale and CEO-Designate Investment
Aterian Inc. shares surged 89% after the company agreed to sell its e-commerce brands for $18 million and secured a $7 million investment from David Lazar, who will become CEO.
AMD Shares Slide on OpenAI Growth Concerns Ahead of Earnings
AMD shares dropped 4.2% Tuesday after a report revealed OpenAI missed key targets, sparking worries about AI data-center spending. A downgrade from Northland Capital added pressure before AMD's earnings.
Sleep Number Stock Jumps on $55M Credit Deal, Easing Liquidity Concerns
Sleep Number shares rose sharply after the mattress maker secured a $55 million lender deal, including a $25M term loan, easing liquidity and credit covenant tests.
Transocean's Equinox Rig Returns to Work Amid $1.6B Backlog Surge
Transocean's Equinox rig has resumed drilling for Beach Energy in Australia's Otway Basin, while the company adds $1.6 billion in new backlog from contracts in Brazil, Norway, and the Eastern Mediterranean.
Snap Stock Upgraded by Redburn Ahead of Q1 Earnings Test
Rothschild Redburn upgraded Snap to Buy, doubling its price target to $10 ahead of Q1 earnings on May 6. The company plans to cut 1,000 jobs to save $500M annually by late 2026.
Lithium Americas Falls as HSBC Cuts Target, Thacker Pass Risks Resurface
Lithium Americas shares fell Tuesday after HSBC trimmed its price target to $4.75, renewing scrutiny on the Thacker Pass project's construction, tariff, and financing risks.
Nasdaq Futures Slide as OpenAI Misses Targets and Oil Breaks $110
Nasdaq 100 futures dropped 1.27% as OpenAI missed internal goals, pressuring AI-linked stocks. Brent crude surged above $111 on Middle East risks, adding to market caution ahead of tech earnings and the Fed decision.