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Bitmine Stock Slides 7% as Ether Decline Pressures $10.7B Crypto Holdings
Bitmine stock dropped 7.3% as ether slid 5.1%, threatening the value of its massive $10.7B crypto treasury. The company warned of risks to asset values and capital-raising ability.
Joby Aviation Shares Slide on Cash Burn and FAA Certification Hurdles
Joby Aviation shares dropped 3.5% to $9.22 as market concerns over FAA certification progress and cash burn rates persist, despite a first-quarter revenue rise.
MARA Holdings Plunges After Share Plan Approval and Bitcoin Drop
MARA Holdings shares fell nearly 8% after shareholders approved an 18 million-share increase to its equity incentive plan, raising dilution concerns as bitcoin dropped 4.9% and insiders sold shares.
Home Depot Rises Despite Housing Weakness and Downgrade
Home Depot shares rose 4.7% to $339.61, helping lift the Dow, even as Wolfe Research downgraded the stock and U.S. new-home sales fell 7.3% in May.
MercadoLibre Gains 5.6% as Morgan Stanley Reaffirms Buy, But Profit Pressures Loom
MercadoLibre shares climbed 5.6% after Morgan Stanley maintained a Buy rating and $2,450 price target, with investors balancing 49% revenue growth against a 15.6% drop in net profit.
Kenvue Stock Rises as Deal Spread Narrows to 2%
Kenvue shares rose 1.7% to $18.72, maintaining a 2% spread below Kimberly-Clark's $19.11 takeover offer, as investors await regulatory clearance and assess Tylenol litigation risks.
Palantir Hits New 52-Week Low Despite AI Deal and Strong Revenue Growth
Palantir (PLTR) shares dropped to a 52-week low of $112.94, even after announcing an AI marketing deal with Zeta Global and reporting strong U.S. revenue growth.
Plug Power Stock Dips Despite Denmark Electrolyzer Completion
Plug Power shares slipped 1.8% to $2.66 despite delivering a 5 MW electrolyzer in Denmark, as market concerns over cash use, margins, and project execution persist.
GE Aerospace Hits 52-Week High on $700M+ Turkey Jet Engine Deal
GE Aerospace shares hit a 52-week high on news of a $700M+ jet engine sale to Turkey. The defense unit posted strong Q1 orders and profit.
Navitas Semiconductor Plunges 14.5% Amid Chip Sector Rout and Dilution Fears
Navitas Semiconductor dropped 14.5% to $18.30 after a sector-wide chip selloff and investor concerns over high AI-driven valuations, with Zacks noting its 97x forward sales multiple and recent $500 million at-the-market stock sale filing.
Boxlight Shares Surge Post Reverse Split, Shareholder Vote Looms
Boxlight shares surged 66% to $5.91 after a reverse split, with a July 7 vote on raising authorized shares, but the company flagged substantial doubt about its viability.
Affirm surges 10% as Prime Day spending beats expectations, boosting BNPL outlook
Affirm shares surged 9.9% after Amazon Prime Day first-day sales beat forecasts, with buy now, pay later expected to finance $2.04 billion in purchases, up 5.5% year-over-year.