Articles by Daniel Marsh
Shopify Surges on Nasdaq as TSX Holiday Creates Cross-Border Price Gap
Shopify (NASDAQ:SHOP) rallied 6.52% to $121.63 on Nasdaq as the TSX was closed for Canada Day, creating a C$10.70 gap versus its last Toronto quote. The move came amid a legal settlement and analyst optimism.
Netflix Rises as Hastings' Insider Sale Fails to Deter Bulls
Netflix shares rose 3.91% to $74.19, bucking a broader tech downturn, as co-founder Reed Hastings' insider sale of 321,880 shares represented less than 1% of daily volume.
Grab Shares Jump 3.2% on Stash Acquisition Closure; Vietnam E-Commerce Law Looms
Grab shares gained 3.18% after closing its Stash Financial acquisition, with a 50.1% upfront payment and the remainder over three years. The deal comes as Vietnam's new e-commerce law takes effect, imposing stricter compliance requirements.
SurgePays Shares Surge on $10.3 Million Liability Waiver from AT&T
SurgePays shares jumped 14.9% in regular trading and surged 72.3% after hours after AT&T waived $10.3 million in charges and eliminated a $50 million minimum-spend requirement.
Regencell Bioscience Surges But Still 60% Below May Offering Price
Regencell Bioscience (RGC) shares surged 31.9% on Wednesday, yet still trade 60.4% below the May direct offering price. The stark rebound underscores the volatility and fundamental challenges facing the pre-revenue biotech.
Snap Shares Jump 7% as Short Interest Declines, Sector Rally Lifts Sentiment
Snap (SNAP) shares gained 7.1% to $4.75 as short interest dropped 16.2% to 93.52 million shares, but volume was average, indicating a sector-driven move.
Transocean Stock Dips 0.5% Despite $1 Billion Equinor Deal
Transocean shares edged down 0.5% after securing a $1 billion contract with Equinor, though the base dayrate of $399,000 was below recent averages.