Latest News
Hims & Hers Health Surges on Weight-Loss Drug Strategy Optimism
Hims & Hers Health (HIMS) shares rallied 6.6% to $28.98 on heavy volume, bucking a tech selloff, as investors refocus on the company's weight-loss drug scaling potential after a challenging quarter.
RBC Shares Surge to 52-Week High Amid Mixed Toronto Market
RBC shares hit a 52-week high of C$277.09, closing up 1.24% at C$276.01, after Q2 net income of C$5.5 billion beat estimates, as the TSX slipped 0.2%.
BigBear.ai Shares Slide as Panama AI Contract and Dilution Fears Weigh
BigBear.ai shares dropped 33 cents to $3.98 as the market weighed a Panama cargo security deployment, annual meeting outcomes, and persistent losses. While backlog rose 14% and cash stands at $431.5 million, revenue conversion concerns and dilution risks persist.
Velo3D Stock Surges on Gas-Turbine Deal with Aurelia Technologies
Velo3D shares jumped 21% to $19.64 on a gas-turbine manufacturing deal with Aurelia Technologies, using its Sapphire XC platform. The order value was not disclosed, but the move signals growth beyond aerospace and defense.
PERA Bonuses Stir Debate as Pensions Lag Inflation
Colorado PERA awarded $11.7M in bonuses to investment staff after a $9.8B loss in 2022, while retirees' pensions have lost 21% buying power since 2010.
Tech Selloff Deepens Ahead of CPI, IPOs; Nasdaq Slides 1.2%
U.S. stocks closed mixed Tuesday as a tech bounce faded, sending the Nasdaq down 1.21%. The S&P 500 fell 0.53%, while the Dow edged up. AI and chip stocks were volatile ahead of Wednesday's CPI report and a busy IPO calendar.
Elong Power Stock Surges 58% Amid Heavy Trading Volume
Elong Power shares surged 58.3% to $1.22 on heavy Nasdaq volume, following a $6 million unit offering and a 1-for-80 reverse split in March. The stock remains below the offering price.