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Snap Shares Jump 7% as Short Interest Declines, Sector Rally Lifts Sentiment
Snap (SNAP) shares gained 7.1% to $4.75 as short interest dropped 16.2% to 93.52 million shares, but volume was average, indicating a sector-driven move.
Bending Spoons Soars 42.8% on Nasdaq Debut, Closing $720 Million Gap
Bending Spoons (NASDAQ:BSP) closed its first trading day at $41.42, up 42.8% from its $29 IPO price, adding $720 million to its market value.
Transocean Stock Dips 0.5% Despite $1 Billion Equinor Deal
Transocean shares edged down 0.5% after securing a $1 billion contract with Equinor, though the base dayrate of $399,000 was below recent averages.
Bradesco Preferred Shares Edge Up Ahead of R$3.5 Billion Payout
Bradesco preferred shares edge up ahead of a R$3.5 billion interest-on-equity payout. Record date is July 3, ex-rights July 6.
Fox taps Tubi comms lead for digital strategy as Roku deal value shifts
Fox Corp (FOXA) has appointed Seana Sullivan, former Tubi communications head, as SVP of corporate communications to lead messaging for its digital businesses, including the planned Roku (ROKU) acquisition.
Nokia Shares Dip as FMR's Voting Stake Slips Below 5% Threshold
Nokia shares edged lower after FMR LLC's voting rights fell to 4.92%, slipping below Finland's 5% disclosure threshold, though its economic stake stayed at 5.20%.
Walmart Slumps 4% on Weak Sales Data, $38B Market Cap Erased
Walmart shares tumbled 4.2% after Cleveland Research reported weaker U.S. comparable sales trends, erasing $38 billion in equity value. The selloff was stock-specific, with other retailers trading flat or higher.