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Opendoor Surges Past Analyst Targets as Options Activity Surges
Opendoor shares closed above multiple analyst targets on Monday, fueled by heavy volume and surging options activity, as the market awaits second-quarter results.
Rivian's $1.5B Share Sale Raises Dilution Concerns
Rivian's 75 million-share offering, about 5.5% of its outstanding stock, could raise $1.51 billion. The news sent shares down 9% after hours despite an upward revision to delivery guidance.
Vertex's $10B Cash Deal Narrows Crinetics' Merger Spread
Crinetics shares traded at $83.60 premarket, just 1.7% below Vertex's $85 cash offer, as the $10 billion deal shifts focus from biotech fundamentals to merger arbitrage.
Walmart's Summer Price Cuts: Soda and Cherries Lead, Not Beef
Walmart's latest price cuts focus on soda and cherries, not beef, despite political claims. The move pressures rivals like Kroger amid rising food costs.
MSTR's $216M Bitcoin Sale Raises Questions on Corporate Cash Strategy
Strategy Inc sold 3,588 BTC for $216 million last week to support preferred-stock payouts, raising concerns about potential further sales.
Samsung Electronics Posts Record Profit but KOSPI Drops as Chip Stocks Slide
Samsung Electronics posted record Q2 earnings, but its shares fell 6.9% and the KOSPI dropped 4.9% as AI chip stocks declined broadly.
DAIHEN Board to Weigh Treasury Stock Awards Amid Valuation Concerns
DAIHEN's board will review a plan to use treasury shares for executive stock awards, tying compensation to share price. The stock's high valuation and dilution risk are under scrutiny.
S&P 500 Ends Higher but After-Hours Gains Narrow as Rivian Plunges and Fiserv Surges
U.S. stocks closed higher Monday, but after-hours trading saw narrow gains. Rivian (RIVN) fell 9% after announcing a 75-million-share offering. Fiserv (FISV) rose 3.7% on reports of bank talks about a payments network.
IBM Stock Rally Narrows Gap to Analyst Target Amid BofA Optimism on Confluent
IBM shares surged 3.45% to $299.52, narrowing the gap to the consensus target. BofA raised its target to $330, citing growth from Confluent and free cash flow.
T1 Energy Nears July 9 Warrant Expiry; Shares Trade Below $11.50 Strike
T1 Energy (NYSE:TE) closed at $8.65, well below the $11.50 warrant strike price. Warrants expire July 9, setting up a key test for the stock.