Articles by Daniel Marsh
Abivax shares drop despite positive Phase 3 results for ulcerative colitis drug
Abivax shares plunged 33.7% after hours despite obefazimod achieving clinical remission in over 50% of patients in a Phase 3 trial. The company plans to submit an FDA application in late Q4 2026.
Ford Shares Drop 4.6% as Energy Storage Takes Center Stage
Ford shares plunged 4.6% to $16.63, halting an eight-day rally, as trading volume surged. Investors pivot to Ford Energy after a major battery-storage deal with EDF.
Mortgage Rates Remain Elevated, Dampening Spring Housing Market Activity
U.S. mortgage rates remain in the mid-6% range, with the 30-year fixed at 6.53%, stifling spring home sales. Applications dropped 8.5% and new home sales fell 6.2% in April.
Rivian R2 Deliveries Begin, Stock Rises as Market Eyes June 9
Rivian stock rose 3.9% to $16.95 as investors anticipate the first R2 SUV deliveries on June 9. The company faces profitability challenges and a regulatory probe.
Starfighters Space Soars Amid Sector Decline; Capital Infusion Fuels Rally
Starfighters Space shares jumped 29% on a $17.5 million equity deal, even as the company faces no revenue, a $26 million lawsuit, and going-concern doubts.
AMC Surges 22% on Record May Attendance, But Debt Overhang Persists
AMC shares surged 22% to $2.12 as May crowds returned to pre-pandemic levels, with 25.5 million attendees. However, the company's $4.02 billion debt and cash burn raise sustainability questions.
NuScale Shares Rise on Nuclear Sector Optimism Amid Regulatory Advances
NuScale Power shares rose 3.6% to $13.13 on Monday, outperforming small-cap peers as the nuclear sector gained momentum from U.S. regulatory reforms for small modular reactors.
Opendoor Shares Rally on Russell 3000 Inclusion Anticipation
Opendoor shares jumped 6% on heavy volume as investors positioned for its Russell 3000 inclusion. Q1 revenue fell to $720 million, but gross margin improved and Q2 guidance suggests a 25% revenue increase.
Constellation Energy Hits 6.6% Slump After $3.1B Secondary Offering
Constellation Energy shares dropped 6.6% after a $3.09 billion secondary offering by existing holders, with no proceeds to the company. The sale adds pressure amid potential delays in the Crane nuclear plant restart, key to AI data-center deals.
Dow Edges Higher as Nvidia's AI Push Bolsters Tech; Oil Jumps on Iran Tensions
The Dow closed up 44.70 points to 51,076.85 as Nvidia's RTX Spark AI chip news lifted tech stocks, while oil prices jumped to $94.98 on renewed U.S.-Iran tensions.
S&P 500, Nasdaq Near Records as Nvidia Surge Offsets Oil-Led Market Pressure
Nvidia surged 5.9% after unveiling a new AI PC chip with Microsoft, lifting the S&P 500 and Nasdaq near records. Oil's rally to $94.99 capped broader gains, pressuring airlines.
NUAI Stock Surges 20% on Upcoming Russell Index Inclusion
New Era Energy & Digital shares surged 20% to $5.75 on news of its upcoming inclusion in the Russell 3000 and Microcap indexes, with over 15.7 million shares traded.