Articles by Daniel Marsh
EchoStar's ECHO Debut Slumps on AT&T Cash Dependence, SpaceX Index Event
EchoStar's new ECHO ticker dropped 6.5% in its first two sessions, with the $20.25B AT&T cash representing 71% of equity. The stock rebounded 1.7% Friday as investors eye deal closing and SpaceX's Russell index addition.
SELLAS Life Sciences Soars on Heavy Short Interest Ahead of AML Trial Results
SELLAS Life Sciences (SLS) surged 6.3% to $11.19 as short interest climbed to 32.65% of float and trading volume doubled. The company amended executive severance terms and disclosed 78 of 80 events reached in its Phase 3 AML trial.
Centessa's Final Trade Puts Lilly CVR at 28% of Maximum Value
Centessa's final $40.50 trade implies a 28% value on its non-transferable CVR from the $38/share Lilly buyout, with only drug-approval payouts remaining.
Can-Fite BioPharma Surges on Japanese Patent Grant for Obesity Drug
Can-Fite BioPharma shares surged 17% premarket after Japan allowed a patent for Namodenoson in obesity, but the company's $6.61M market cap remains near the NYSE American delisting threshold.
Amazon Drops Below Analyst Target Amid Cloud Selloff and EU Scrutiny
Amazon shares closed Thursday at $227.01, below the lowest analyst target of $230, amid a cloud-led selloff and EU scrutiny.
BlackBerry Surges as QNX Revenue Soars 26%, AI Premium Drives $1B Market Cap Increase
BlackBerry's market cap jumped $1 billion after QNX revenue rose 26% and fiscal 2027 guidance increased. Analysts raised targets, citing faster operating leverage and AI potential.
Nokia shares tumble as AI rally fades; €18B wiped out since June peak
Nokia shares slid to €11.74 in Helsinki, extending a pullback that has erased about €18B in market value since the June 3 high. Investors await Q2 results due July 23.
ON Semiconductor Plunges 14% on Synaptics Stock Deal; Target Shares Rally
ON Semiconductor shares dropped 14.2% premarket after announcing an all-stock deal to buy Synaptics, erasing about $6.6 billion in market cap. Synaptics shares gained 4.5%.
SoFi Holds Near $17 as Russell Rebalancing Looms
SoFi shares remain near $17.30 despite an AI investing platform launch, as investors focus on Friday's Russell index rebalancing that could drive significant volume and volatility.
INVO Fertility Surges on Clinic Buyout and Nasdaq Compliance
INVO Fertility shares jumped 51.6% premarket after the company took full control of its Birmingham clinic for $1 upfront and regained Nasdaq compliance.
INLIF Pre-Market Volume Surges 81x Shares Outstanding After Reverse Split
INLIF (NASDAQ:INLF) surged in pre-market trading with volume exceeding 1 billion shares, 81 times its outstanding shares, as the stock remains well below Nasdaq's $1 minimum bid requirement.