Latest News
Oracle Stock Falls Amid Cash Flow Concerns Despite $638B Backlog
Oracle shares fell 0.52% on Monday, underperforming tech peers, as investors question the timing of revenue from its massive $638B backlog.
Bitmine Trades Below Asset Value Despite Russell 1000 Inclusion
Bitmine (BMNR) trades at a 36% discount to its $9.8 billion asset base after Russell 1000 inclusion. Market cap is $6.27 billion.
Abivax ADS Surges 29% on Obefazimod Safety Data, Paris Trading Expected to Catch Up
Abivax ADS surged nearly 30% after hours on positive safety data for obefazimod, adding $2.26B in market value. Paris shares are expected to open higher Wednesday.
Concentrix Shares Plunge 22% After Weak Forecast, Despite Cash Flow Improvement
Concentrix shares fell 22.5% in after-hours trading after the company cut its fiscal 2026 guidance, missing analyst estimates. Despite improved cash flow, a shift in revenue mix weighed on sentiment.
SharonAI Shares Slip 1.28% After $1.6B Financing; Dilution Concerns Loom
SharonAI shares dropped 1.28% after closing a $1.6 billion financing that could dilute existing shareholders by 79%. Funds will back a six-year compute deal with NVIDIA.
Rivian Shares Jump on Russell Index Addition, R2 Delivery Milestone
Rivian shares gained 7.55% on Monday after joining the Russell 3000E Growth Index, with volume 20% above average. The stock closed near its June 9 high, when R2 deliveries kicked off.
JetBlue Drone Strike Near JFK Intensifies Airspace Safety Concerns
A JetBlue flight reported a drone strike at 3,000 feet near JFK, the second incident in days. No damage was found, but the event underscores growing airspace risks.
Copart Plunges 8% as CEO Change Coincides with Russell Index Reshuffle
Copart shares fell 8% after CEO Jeff Liaw announced his departure, wiping out $2.4 billion in market cap, as the stock also faced Russell index changes.
