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SELLAS Surges 18.9% as REGAL Trial Nears Pivotal Final Analysis
SELLAS Life Sciences (SLS) shares surged 18.9% over the past week, driven by anticipation of the REGAL trial's final analysis. Market value stands at $3.12 billion, with pipeline valued at $2.98 billion.
Robinhood Stock Retreats After Record Surge as Regulatory Hopes Meet Revenue Reality
Robinhood shares eased 1.1% premarket Monday after a 13.7% surge, as investors balance regulatory optimism with a 62% year-over-year drop in crypto volume.
Mortgage Rates Dip Slightly; Rocket Faces Refinancing Hurdle
Mortgage rates eased to 6.65%, saving just $5.30 monthly on a $400k loan. Refinance demand remains weak, pressuring Rocket Companies (RKT).
Workday's $5.1B Takeover Premium Faces Earnings Reckoning
Workday's stock is up 14.6% since buyout reports, embedding a $5.1B premium. Q2 earnings on Thursday will test whether that optimism is warranted.
PDD Q2 Sales Miss Offsets Cash Flow Gains as Loss Hits 7.4B Yuan
PDD Holdings (PDD) reported Q2 revenue of RMB112.36B, missing forecasts by 3.4%, while a RMB7.4B other loss dragged net income down 12% despite improved cash flow.
UMC Surges 6% on AI Foundry Bet Despite Semiconductor Selloff
UMC shares rose 6% as investors embraced its AI foundry strategy amid a broader semiconductor selloff, with ADR up 6.2% to $19.48.
Steel Dynamics Surges 5% as Canada Tariff Impasse Boosts Steel Margin Outlook
Steel Dynamics (STLD) rose 5% premarket after US-Canada trade talks collapsed, keeping 50% tariffs on Canadian steel, which could boost domestic steel prices and margins.
Stellantis Shares Slide 3% on US-Canada Tariff Breakdown
Stellantis stock dropped 3% in Paris after US-Canada trade talks collapsed, wiping out 62% of last week's gains. Tariff costs of €1.0-1.2B threaten earnings.
Applied Optoelectronics Shares Tumble 12% on $600M ATM Offering
AAOI shares dropped 12% premarket after the company unveiled a $600M ATM equity offering, erasing $1.29B in market value and raising dilution concerns.
Cardinal Health Stock Slides 4.5% as Insider Sales Raise Buyback Doubts
Cardinal Health shares dropped 4.5% premarket after $60M in insider sales, sparking concerns about buyback support. Analysts stay optimistic with a $270.94 price target.
Micron Slips as Samsung's Payout Plan Falls Short, Exposing Crowded Memory Bets
Micron shares dropped 3% premarket after Samsung's dividend news disappointed, exposing crowded memory trades. Analysts still see upside, but NAND supply risks loom.