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Archer Aviation Stock Flat in Premarket Amid Cash Concerns
Archer Aviation shares edged up to $6.80 in premarket trading Friday, nearly unchanged from Thursday's close, as the company reported a wider Q1 net loss and cash concerns persist.
STB Pauses $85B Rail Merger, Demands More Data from Union Pacific and Norfolk Southern
The STB accepted Union Pacific and Norfolk Southern's revised merger filing but paused the case, demanding more information by July 27. Shares fell 4.2% and 5.4%.
SoFiUSD Stablecoin Launch Drives Premarket Stock Surge
SoFi shares rose 4.9% premarket after launching SoFiUSD, a stablecoin available to 15 million members via its banking app.
IBM's $10B Quantum Plan and $5B Security Push Lift Shares
IBM shares climbed 3.5% premarket after announcing a $10 billion quantum-computing plan and a $5 billion cybersecurity push with Red Hat, aiming for a fault-tolerant quantum computer by 2029.
UiPath Posts First GAAP Profit, AI Push Fails to Lift PATH Stock
UiPath shares slid 2.85% in premarket trading Friday after reporting Q1 revenue of $418 million and its first GAAP-profitable quarter. Investors are still weighing AI's impact on long-term sales growth.
Institutional Giants Raise GM Stakes Amid Tariff Risks and Strong Guidance
Major institutional investors increased their General Motors stakes in Q4, with the National Pension Service buying 1.7 million shares. GM recently lifted its 2026 profit outlook and maintained a $6 billion buyback plan.
L.B. Foster Stock Nears 52-Week High Amid Robust Rail Revenue Growth
L.B. Foster shares neared a 52-week high after Q1 net sales rose 23.9%, led by rail revenue growth of 38.4%. The stock has more than doubled from its low.
Redwire Stock Wobbles on Drone Rally, Analyst Targets Lag
Redwire shares hover near $26 after a 48% weekly surge driven by drone-sector momentum, despite analyst targets below the current price and a $76.5M Q1 loss.