Articles by Daniel Marsh
Opendoor Prepares for Russell 3000 Inclusion Amid Housing Market Challenges
Opendoor shares rose 0.8% to $4.34 as investors position for Russell 3000 inclusion. Q1 revenue fell to $720M with a $173M net loss, and the company warns of mortgage rate and housing market risks.
T1 Energy Shares Slide 7.4% on Dilution Fears from KORE Deal Filing
T1 Energy shares plunged 7.4% to $8.46 on dilution fears after a filing detailed stock-based payments for the KORE Power acquisition, with share count tied to a 10-day VWAP.
Navitas Shares Drop 6.6% on $500M Stock Sale Plan and Board Departure
Navitas shares fell 6.6% to $22.85 after the company unveiled a $500M stock sale program and a board resignation, with broader chip sector weakness adding pressure.
Epsium Enterprise Rockets 72% in Wild Nasdaq Session Then Plunges
Epsium Enterprise shares skyrocketed 72% on massive volume, then fell 18.5% after hours. The Macau beverage wholesaler's rally comes despite declining revenue and a net loss.
Hims & Hers Health Surges on Weight-Loss Drug Strategy Optimism
Hims & Hers Health (HIMS) shares rallied 6.6% to $28.98 on heavy volume, bucking a tech selloff, as investors refocus on the company's weight-loss drug scaling potential after a challenging quarter.
RBC Shares Surge to 52-Week High Amid Mixed Toronto Market
RBC shares hit a 52-week high of C$277.09, closing up 1.24% at C$276.01, after Q2 net income of C$5.5 billion beat estimates, as the TSX slipped 0.2%.
BigBear.ai Shares Slide as Panama AI Contract and Dilution Fears Weigh
BigBear.ai shares dropped 33 cents to $3.98 as the market weighed a Panama cargo security deployment, annual meeting outcomes, and persistent losses. While backlog rose 14% and cash stands at $431.5 million, revenue conversion concerns and dilution risks persist.
PERA Bonuses Stir Debate as Pensions Lag Inflation
Colorado PERA awarded $11.7M in bonuses to investment staff after a $9.8B loss in 2022, while retirees' pensions have lost 21% buying power since 2010.
Tech Selloff Deepens Ahead of CPI, IPOs; Nasdaq Slides 1.2%
U.S. stocks closed mixed Tuesday as a tech bounce faded, sending the Nasdaq down 1.21%. The S&P 500 fell 0.53%, while the Dow edged up. AI and chip stocks were volatile ahead of Wednesday's CPI report and a busy IPO calendar.
