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An exterior view of a Bed Bath & Beyond store on February 7, 2023 in Clifton, New Jersey.

Kena Betancur | Corbis News | Getty Images

Check out the companies making headlines in the midday trade.

Bed Bath & Beyond — Shares continued to slide in Friday’s session, falling 22.8%. On Thursday, the company warned once again that it may need to file for bankruptcy protection if the proposed $300 million stock offering fails. The retailer’s stock has lost nearly 40% of its share value this week.

Digital World Acquisition — Shares in the SPAC linked to former President Donald Trump rose 6.3%. On Thursday, a New York grand jury formally indicted Trump on charges related to “hush money” payments made before his 2016 campaign.

Nikola — Nikola shares fell 11% after the electric truck maker announced plans for a $100 million stock offering at a 20% discount during Thursday’s close.

Virgin Orbit — The satellite launch services provider plunged 32% after announcing it will cease operations “for the foreseeable future” and eliminate about 90% of its workforce.

BlackBerry — BlackBerry rose 16% after the company posted a smaller earnings per share and adjusted EBITDA loss than analysts polled by StreetAccount expected for the fourth quarter. However, the company’s revenue fell short of analysts’ expectations.

Regional Banks — Shares in closely followed regional banking stocks rose, with the SPDR S&P Regional Banking ETF ( KRE ) up 0.8%. Metropolitan Bank led the index with a jump of 21.5%. PacWest and Popular were the next best performers with gains of more than 3% each. Zion’s, on the other hand, was the worst in the group with a loss of 1.6%.

Ventas — The real estate investment trust fell 2.5% after announcing it would take ownership of collateral backing a nearly half-billion-dollar loan.

Generac Holdings — The battery backup company fell 2.5% after a downgrade to underperform from neutral by Bank of America. The firm said Generac’s expectations for fiscal 2023 may be out of reach.

Alphabet – The Google parent rose 1.5% after Piper Sandler reiterated its overweight rating on the stock. The firm said the company has undisputed market share but could see search revenue impacted by artificial intelligence.

Restaurant Brands — Shares of the parent company of Burger King rose more than 2% after TD Cowen upgraded the stock to outperform. The Wall Street firm said it is positive about Restaurant Brand’s new chairman and CEO and the company’s potential to turn the brand around.

elf Beauty — The cosmetics company’s stock rose 5.2%, hitting a 52-week high. Shares rose after Morgan Stanley said elf has nearly 20% upside. The analyst said the company has strong momentum for both near- and long-term growth and reiterated his overweight rating on the stock.

Mercadolibre — Shares rose 4% after Morgan Stanley named the Latin American e-commerce company a top pick. The firm said it sees several growth drivers going forward.

— CNBC’s Samantha Subin, Yun Li and Hakyung Kim contributed reporting



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