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Plug Power Shares Tumble 10.7% Ahead of Key Shareholder Vote on Dilution Risk
Plug Power shares plunged 10.7% Friday to $3.215, now 18.6% below May 29, ahead of a June 11 vote on adding 25 million shares that could dilute investors. A $39.2M tax credit sale provides some cash relief amid sector selloffs.
Keel Infrastructure Plunges 13% After Raising $400M in Convertible Notes for AI Pivot
Keel Infrastructure shares tumbled 13.49% to $5.13 after the company raised $400 million in convertible notes to fund its shift from bitcoin mining to AI data centers, testing investor confidence.
Intel Stock Tumbles 11% on Rate Hike Fears and Chip Sector Selloff
Intel shares fell 11.4% to $99.17 on Friday as a strong jobs report sparked rate hike worries and chip stocks plunged. The company unveiled AI partnerships with Hitachi and Foxconn.
Nokia Refinances €500M Debt, Shares Dip 5.87% as AI Rally Pauses
Nokia shares closed down 5.87% on Friday after refinancing €500M in debt, but still posted a 4.72% weekly gain. London investor meetings are scheduled for June 10.
American Airlines Stock Rises Amid Fuel Cost Challenges
American Airlines shares rebounded 1.5% to $13.50 on Friday after a weekly decline, as the market assesses fuel costs and pricing power.
Market Update: Warren Hits Trump Trades, Sage Dips 33%
Warren slams Trump's stock trades in Eli Lilly, Dell, and Micron. Sage drops 33% but analyst calls it a once-in-a-decade buy. Xiaomi falls 47.6% but near fair value.
UiPath Shares Slip Amid Inflation Jitters and Analyst Caution
UiPath shares dropped 3.68% to $11.24, erasing Monday's rally, as tech selloff and hold ratings outweighed strong Q1 results and guidance.
Caterpillar Slips on Rate Fears Despite Strong Week
Caterpillar dropped 3.85% Friday as strong jobs data boosted yields, but the stock remains up 3.2% for the week. Focus shifts to inflation reports.
CEG Stock Slides Despite Regulatory Win for Three Mile Island Restart
Constellation Energy (CEG) closed at $254.83, down 3.7%, after a shareholder offering and despite a regulatory win for its Three Mile Island restart plan. Investors face a weekend to digest new stock supply and rate concerns.