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Plug Power Trades 30M Shares as Cash Runway Hits 2.7 Quarters
Plug Power (PLUG) traded 30 million shares, with cash covering 2.7 quarters of spending. Q2 gross loss narrowed 97%.
ChargePoint Stock Soars 78% on Sharper Cash Discipline
ChargePoint shares jumped 78% after Q2 revenue grew 18% and cash burn fell to $4.2 million, signaling improved financial discipline.
BioXcel Surges 8% as 143M Shares Trade Ahead of Nasdaq Delisting
BioXcel shares jumped 8% with 143M shares traded ahead of Nasdaq delisting. The surge reflects distressed asset trading as Teva's $57.5M bid moves forward.
Aurora Surges 8% as Investor Day Promises Fleet Expansion Insights
Aurora Innovation shares rose nearly 8% on Thursday following its investor day announcement, though its $12.66B valuation is 158x year-end revenue run-rate.
Binance Opens Trading to AI Agents, BNB Rises 5.2%
Binance has introduced Agent OS, allowing AI agents to access market data and execute trades. BNB rose 5.2% in line with the broader crypto market.
Ford Shares Gain 2.3% Despite Recalls Covering 93% of Monthly Sales
Ford (F) shares climbed 2.3% to $14.46 despite two recalls affecting 158,664 vehicles, nearly a month of U.S. sales. Warranty obligations remain at $17.57B, but investors appear to view near-term risk as limited.
Canada Trade Surplus Plunges 82% as Loonie Gains 0.5%
Canada's trade surplus narrowed 82% to C$769M in July, missing forecasts. Exports fell 2.3%, imports rose 2.2%, and the loonie gained 0.5% to C$1.3776.
UiPath Stock Rises 3% Ahead of Q2 Report as ARR Guidance Disappoints
UiPath shares gained 3% ahead of Q2 earnings, but the company's ARR guidance midpoint is 38% below Q1 net additions, signaling slower growth.
Coinbase Stock Soars 10.5% as Crypto Rally Lifts Exchange's Valuation
Coinbase shares surged 10.5% to $193.36, valuing the exchange at $51B. Despite a 22% drop in transaction revenue, a crypto rally and record market share fueled gains.
Bitcoin Breaks $80K as Spot Demand Takes the Lead
Bitcoin surged 4.8% past $80,000 on Thursday as spot demand drove gains. U.S. spot funds saw net inflows of $101.1 million, while futures leverage remained subdued.