Articles by Daniel Marsh
Avis Budget Stock Surges 11% on $650M Settlement Details
Avis Budget Group shares surged 11.3% after a filing revealed a $650 million settlement with Pentwater, boosting market cap by nearly $585 million.
Zhongchao Shares Surge in After-Hours Trading Following Reverse Stock Split
Zhongchao Inc. (NASDAQ:ZCMD) shares surged 199% in after-hours trading after a 1-for-3 reverse split, with volume nearly 19 times the new share count.
Recursion Pharmaceuticals Gains Amid Founder Sale Filing, Short Interest Remains Elevated
Recursion Pharmaceuticals (RXRX) shares gained 3.54% on Thursday, even as the broader market slipped, with a founder's planned sale representing a tiny fraction of volume. Short interest remains high at 39.11% of float.
SFO Flight Delays Pressure United Airlines Operations
SFO saw 368 delays and five cancellations on July 2, with FAA holding inbound flights for 42 minutes. United Airlines (UAL) handles 48.7% of SFO enplanements, facing investor scrutiny.
Comcast Stock Stalls as Broadband Woes Offset Spin-Off Optimism
Comcast shares closed slightly higher Thursday, but gains remain muted as broadband concerns temper excitement over the planned NBCUniversal separation.
JNJ Closes Above Analyst Average After Dow Rebalancing
Johnson & Johnson shares ended Thursday at $263.04, gaining 3.57% and closing above the average analyst target of $262.10 following the Dow rebalancing.
T1 Energy Shares Slide as Expiring Warrants, Convertible Notes Weigh
T1 Energy shares dropped 6.8% to $8.56 as the market focuses on next week's warrant expiration and in-the-money convertible notes, with key price levels under watch.
