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HCW Biologics Rockets 122% as Traders Flock to Micro-Cap Biotech
HCW Biologics shares skyrocketed 122% to $2.35 on Wednesday as traders piled into the micro-cap biotech, fueled by a new stock offering and first-quarter revenue of $6.54 million from a licensing deal.
Bradesco Stock Climbs 3.28% as Brazil Bank Rally Faces Key Credit Test
Banco Bradesco preferred shares rose 3.28% to R$17.96 on Wednesday, outperforming the Ibovespa, as Q1 net income climbed 16.1% but loan-loss provisions jumped 26.5%. The bank's rally faces a test from rising delinquencies and high interest rates.
Norwegian Cruise Line Surges 9% as Oil Plunge Eases Fuel Cost Pressure
Norwegian Cruise Line Holdings shares rose 9.2% as oil prices fell nearly 6%, easing fuel cost concerns. Insider buying and a bounce from a four-day slide boosted sentiment.
AT&T Stock Dips on Fiber Expansion and Cash Return Concerns
AT&T shares slipped 0.3% as investors weigh fiber growth, $45B shareholder return plan, and satellite strategy. CEO Stankey reaffirmed Q2 cash flow guidance.
UiPath Stock Edges Up Ahead of Q1 Report; Cloud Expansion in Korea
UiPath shares edged up 1% to $10.65 as tech stocks rebounded. The company announced Automation Cloud on Azure in South Korea and reported the death of board member S. Somasegar. Earnings are due May 28.
Ford Gains on Energy Storage Partnership with EDF
Ford shares gained 1.8% as its energy storage unit signed a five-year agreement with EDF for up to 20 GWh of battery systems. The automaker reported solid Q1 results and provided an optimistic full-year outlook.
AMD Surges on AI Server Demand and Analyst Upgrades Ahead of Nvidia Results
AMD shares surged 7.3% to $444.24 on Wednesday, rebounding with the chip sector on AI server demand and analyst upgrades ahead of Nvidia's results.
Rivian R2 Production Ramp Drives Stock Rebound
Rivian stock climbed 4.4% to $13.465 after a production update on the R2 SUV. The company targets 155,000 units annually at its Illinois plant.