Sky Quarry Shares Surge on Restart Hopes, Trading Volume Exceeds Market Cap
Markets Daniel Marsh

Sky Quarry Shares Surge on Restart Hopes, Trading Volume Exceeds Market Cap

Shares of Sky Quarry jumped 26.9% to $2.69, with trading volume of 21.3 million shares, or $57.2 million, over 4.5 times its $12.8 million market cap, driven by the company's Nevada refinery restart plan.

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Bandwidth Soars 12% as Convertible Note Conversion Nears
Markets Daniel Marsh

Bandwidth Soars 12% as Convertible Note Conversion Nears

Bandwidth shares surged 12.2% to $68.09, now trading just 6.7% below the $72.64 conversion price for its zero-coupon convertible notes due 2032. The move comes ahead of Q2 earnings on July 29.

BAND
Agios Pharmaceuticals Jumps on FDA Priority Review for Sickle Cell Drug
Markets Daniel Marsh

Agios Pharmaceuticals Jumps on FDA Priority Review for Sickle Cell Drug

Agios Pharmaceuticals shares jumped 14.9% after the FDA accepted its mitapivat application for sickle cell disease with Priority Review, setting a Nov. 1 PDUFA date.

AGIO IBB XBI
Ford Stock Dips as Q2 Sales Fall, but Mix Improvement Offers Hope
Earnings James Calloway

Ford Stock Dips as Q2 Sales Fall, but Mix Improvement Offers Hope

Ford's Q2 U.S. sales dropped 10.3% to 549,200 vehicles, but adjusted for model changes and rental cuts, they edged up 0.5%. Shares fell 1.7% as investors await earnings.

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Oracle shares slide as AI contract backlog fails to reassure investors
Analysis Daniel Marsh

Oracle shares slide as AI contract backlog fails to reassure investors

Oracle shares dropped 1.9% as its massive AI contract backlog and planned capital spending continue to weigh on investor sentiment, widening the discount between market cap and obligations.

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DigitalOcean Surges 9% on Q2 RPO Forecast Exceeding $800 Million
Earnings James Calloway

DigitalOcean Surges 9% on Q2 RPO Forecast Exceeding $800 Million

DigitalOcean shares surged 9% after forecasting Q2 RPO above $800 million, a 15-fold increase year-over-year, as AI cloud demand accelerates.

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State Street Hits New Highs as ETF Inflows Surge Past $1 Trillion
Markets Daniel Marsh

State Street Hits New Highs as ETF Inflows Surge Past $1 Trillion

State Street shares hit a new high as ETF inflows surpass $1 trillion in the first half, lifting fee revenue expectations ahead of Q2 earnings.

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Super Micro (SMCI) Dips 2.8% as Stock Trades Below June Share Price
Markets Daniel Marsh

Super Micro (SMCI) Dips 2.8% as Stock Trades Below June Share Price

Super Micro (SMCI) dropped 2.8% to $26.44, staying below its June $27.50 share sale price, as the market weighs its $7.0B fundraising needs against AI orders.

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IREN Drops 5% as Anthropic's Australian Data Center Tender Highlights Timeline Gap
Markets Daniel Marsh

IREN Drops 5% as Anthropic's Australian Data Center Tender Highlights Timeline Gap

IREN shares dropped 5% as Anthropic's reported Australian data center tender highlighted the company's 2028 power timeline, contrasting with faster competitor deployments.

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BlackBerry Stock Dips on Convertible Note Conversion Risk and Insider Sales
Markets Daniel Marsh

BlackBerry Stock Dips on Convertible Note Conversion Risk and Insider Sales

BlackBerry shares slipped 1% as convertible notes become convertible and executives sold shares. QNX revenue grew 26% and full-year guidance was raised.

BB
Tvardi Therapeutics Surges 40% on Promising Phase 1 Data for TTI-109
Markets Daniel Marsh

Tvardi Therapeutics Surges 40% on Promising Phase 1 Data for TTI-109

Tvardi Therapeutics shares surged 40% after Phase 1 data for TTI-109 showed rapid conversion and improved tolerability, with volume hitting 53.9 million shares.

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Adobe Rises Despite BofA's Underperform Rating Amid $25B Buyback
Earnings James Calloway

Adobe Rises Despite BofA's Underperform Rating Amid $25B Buyback

Adobe stock rises 4.5% despite BofA's Underperform rating. The $25B buyback plan, about 27% of market cap, provides a cushion as AI revenue remains small.

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