Articles by Daniel Marsh
707 Cayman Holdings Surges Over 200% After Adding Digital Assets Expert to Board
Shares of 707 Cayman Holdings (NASDAQ:JEM) more than tripled Tuesday after the company announced the appointment of Robin Hoksnes Karlsen to its board, with volume surging to 82.4 million shares.
Dow Edges Up But Breadth Widens, Caterpillar and Apple Lead
The Dow Jones Industrial Average edged higher Tuesday, driven by gains in Caterpillar and Apple, but breadth remained weak as decliners outnumbered advancers on the NYSE.
EchoStar Falls as Dish DBS Bankruptcy Looms, Convertible Note Deadline Nears
EchoStar shares fell 1.5% as Dish DBS bankruptcy reports emerge, with the June 30 conversion deadline for $1.9 billion in convertible notes adding pressure.
Redwire Soars on Taiwan Drone Deal Amid $500M Stock Sale Concerns
Redwire (RDW) shares jumped 4.4% on a Taiwan Coast Guard drone deal, but the stock faces headwinds from a $500 million at-the-market offering and removal from the Russell Microcap Index.
Centessa's Final Trade Values Eli Lilly CVR at 28 Cents on the Dollar
Centessa's final trade at $40.50 values Eli Lilly's $9 contingent value right at $2.50, or 27.8 cents per dollar, as the acquisition closes and ADS trading halts.
Clearwater Analytics Ends Trading at $24.56, Closing $8.4B Buyout
Clearwater Analytics shares traded their last session at $24.56, just above the $24.55 deal price, completing an $8.4B all-cash buyout by Permira and Warburg Pincus.
Unicycive Therapeutics Plunges After FDA Issues Second CRL on Kidney Drug
Unicycive Therapeutics shares plunged nearly 48% in premarket trading Tuesday after the FDA issued a second complete response letter for its kidney disease drug, oxylanthanum carbonate, due to third-party manufacturing issues.
Jack in the Box Surges on Russell Microcap Inclusion and Short Squeeze
Jack in the Box (JACK) shares surged 31% since Friday, driven by Russell Microcap inclusion and a short squeeze, with volume spiking to 4x the average.