Articles by Daniel Marsh
Bradesco ADR Volume Spikes 29% as Q2 Profit Holds Steady
Bradesco ADRs inched up 0.3% with volume 29% above average, as Q2 profit rose 16.2% but provisions climbed 22.6%.
Planet Labs Stock Slides 9.5% as New Defense Deal Adds Little to Backlog
Planet Labs shares dropped 9.5% after announcing a one-year defense contract valued at up to $10 million, representing only 1.1% of its backlog. Investors await Q2 earnings.
Plug Power Trades 30M Shares as Cash Runway Hits 2.7 Quarters
Plug Power (PLUG) traded 30 million shares, with cash covering 2.7 quarters of spending. Q2 gross loss narrowed 97%.
BioXcel Surges 8% as 143M Shares Trade Ahead of Nasdaq Delisting
BioXcel shares jumped 8% with 143M shares traded ahead of Nasdaq delisting. The surge reflects distressed asset trading as Teva's $57.5M bid moves forward.
Aurora Surges 8% as Investor Day Promises Fleet Expansion Insights
Aurora Innovation shares rose nearly 8% on Thursday following its investor day announcement, though its $12.66B valuation is 158x year-end revenue run-rate.
Ford Shares Gain 2.3% Despite Recalls Covering 93% of Monthly Sales
Ford (F) shares climbed 2.3% to $14.46 despite two recalls affecting 158,664 vehicles, nearly a month of U.S. sales. Warranty obligations remain at $17.57B, but investors appear to view near-term risk as limited.
Canada Trade Surplus Plunges 82% as Loonie Gains 0.5%
Canada's trade surplus narrowed 82% to C$769M in July, missing forecasts. Exports fell 2.3%, imports rose 2.2%, and the loonie gained 0.5% to C$1.3776.
