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ServiceNow Jumps 9% as Salesforce AI Results Boost Software Sector
ServiceNow shares soared 9% after Salesforce's AI-driven results boosted software sector optimism, adding $11.7B to its market value.
Best Buy Stock Slips 5% Despite Strong Q2 and Raised Guidance
Best Buy shares dropped 5.4% despite beating Q2 estimates and raising guidance. A $34M tariff refund drove most of the margin gain, but valuation concerns persist.
Moderna Drops 5% on $2B Convertible Debt Sale
Moderna shares slid 5% after the company unveiled a $2B convertible notes offering, erasing $3B from its market cap. The financing follows a recent surge in its cancer-vaccine prospects.
Biohaven Shares Slide 7% as Investors Reassess Opakalim Deal Value
Biohaven shares fell 7.1% to $15.75, reversing nearly half of Wednesday's gains from its $400 million opakalim licensing agreement with SK Biopharmaceuticals.
Micron Stock Erases Nvidia Rally Gains as $1,300 Target Draws Focus
Micron (MU) shares gave back most of their Nvidia-driven gains on Thursday, with attention on a $1,300 price target. The memory maker's valuation and earnings outlook remain in focus.
Mercer's Premarket Surge Fades as Canadian Aid Isn't Enough
Mercer International's stock surged 60% premarket on a $14M Canadian aid package, but quickly gave back gains as investors weighed the repayable loan against the company's negative equity and EBITDA.
Six Flags X2 Safety Probe Intensifies as Financial Risks Mount
Cal/OSHA probes Six Flags' X2 coaster after two brain injury reports. With revenue per 100k visits at $6.29M, safety issues could impact finances.
Dollar Tree Stock Plunges 7.5% on Weak Q3 Guidance
Dollar Tree shares dropped 7.5% premarket after Q3 profit outlook disappointed, wiping out $1.9B in value.
Volato Soars 55% on $500M AI Merger, Yet Market Cap Trails Deal Value
Volato (SOAR) surged 55% after unveiling a $500M merger with AI infrastructure firm Alignment Engine, yet its market cap is just $13M. Shares later fell in premarket trading.
Dollar General Jumps 13% on Raised Outlook, Adding $3.6B
Dollar General (DG) surged 13.3% premarket after lifting its full-year forecast, adding $3.6B in market cap. Q2 EPS of $2.48 beat estimates, with sales up 5.2%.
VolitionRx Shares Jump 97% on Sepsis Test Validation
VolitionRx shares surged 97.5% premarket after clinical validation of its Nu.Q NETs sepsis biomarker. The study, published in Critical Care Medicine, boosted investor confidence.
Oil Steadies as Hormuz Tanker Traffic Remains Severely Constrained
Oil prices rose on Thursday as tanker traffic through the Strait of Hormuz stayed 77% below pre-conflict levels, keeping Brent near $88 and WTI near $82.