Why It's Moving

Why It's Moving Recent News

European Commission Requests Reevaluation Of Opinion On PTC Therapeutics' Duchenne Dystrophy Drug; Pauses Annual Guidance
PTC Therapeutics announced that the European Commission has asked the CHMP to re-evaluate its negative opinion on the renewal of Translarna's conditional marketing authorization, keeping it available in Europe.
Why Johnson Controls Stock Is Up Monday
Johnson Controls shares are trading higher Monday following reports that Elliott Investment Management acquired a large stake in the company.
What's Going On With Genius Group Shares?
Genius Group shares are trading lower by 15.5% during Monday's session. The company announced agreements for the exercise of Series 2024-C warrants.
What's Going On With Faraday Future Stock Today?
Faraday Future announced it will host a conference call to discuss its fourth-quarter and full-year 2023 results after market close on Tuesday, May 28 at 8:00 p.m. ET.  According to estimates from Benzinga Pro, analysts expect the company to report quarterly losses of $3.51 per share and revenue of $2.039 million. 
Why NextDecade Shares Are Trading Higher Today
ADNOC secures equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project, expanding its lower-carbon portfolio and global presence.
What's Going On With Target Stock?
Target said it will lower everyday regular prices on approximately 5,000 frequently shopped products. The retailer noted that it already reduced prices on about 1,500 items and plans to cut prices across thousands of others products over the course of the summer.
What's Going On With Tupperware's Stock?
Tupperware Brands shares are trading higher Monday, and the stock is up more than 35% over the past five days amid a meme stock revival. Tupperware shares have received attention from retail traders on social media over the past week as the meme stock rally moved from larger companies like GameStop and AMC Entertainment to smaller caps including Tupperware Brands.
What's Going On With Chinese Internet Company Sohu Stock After Q1 Print?
Sohu.com reported a 14% revenue decline YoY in Q1 2024, with a net loss of $(0.65) per ADS. The company expects a decrease in brand advertising revenue for Q2.
Carnival, Royal Caribbean Shares Are Moving Higher: What's Going On?
Cruise line stocks Carnival and Royal Caribbean are moving Monday in the wake of Norwegian Cruise Line Holdings, which saw shares pop after the company raised its 2024 guidance and set new 2026 financial targets.
Norwegian Cruise Line Holdings Stock Is Rising Today: What's Going On?
Norwegian Cruise Line is holding its Investor Day Monday, which involves discussion of a new comprehensive "Charting the Course" strategy. The strategy includes a refreshed vision, strategic initiatives and three-year financial and sustainability targets geared at enhancing shareholder returns.
MultiMetaVerse Stock Jumps On Proposed Acquisition Of Bowong AI - What's On The Cards?
MMV entered into a non-binding term sheet to acquire 100% of Bowong AI, using Class A shares. Bowong AI specializes in AI solutions for e-commerce and recently raised funds for expansion.
Why Is Marketing Solutions Provider Global-E Online's Stock Surging Today?
Global-E Online shares surged after the company reported Q1 FY24 revenue of $145.90 million, beating estimates. Sales grew 24% Y/Y, while GMV increased 32% to $930 million. Non-GAAP gross profit rose 36% to $66.1 million. The company raised its FY24 sales forecast to $733 million - $773 million. CEO Amir Schlachet highlighted significant client additions and business expansion.
Why NKGen Biotech Stock Is Moving Higher Monday
NKGen Biotech shares are trading higher Monday after the company's SNK01 NK Cell Therapy was cleared to begin a Phase 2 trial in Alzheimer's disease.
What's Going On With Nvidia Stock Monday?
Baird analyst Tristan Gerra maintained Nvidia with an Outperform rating and raised the price target from $1,050 to $1,200. Stifel analyst Ruben Roy maintained Nvidia with a Buy rating and raised the price target from $910 to $1,085 and Rosenblatt analyst Hans Mosesmann maintained a Buy rating and price target of $1,400.
Why Overseas Shipholding Shares Are Rocketing Premarket Monday
OSG shares up over 22% as company enters definitive agreement to be acquired by Saltchuk Resources for $8.50/share, valued at $950 million.
Website Creator Wix Gains After Q1 Print, What's Going On?
Wix.com reported strong Q1 2024 results with revenue of $419.8M (+12% Y/Y) and EPS of $1.29 beating analyst estimates.
Why Is Independent Bank Group Stock Surging Today?
Independent Bank Group to be acquired by SouthState Corp. in all-stock transaction valued at $2 billion. Shareholders to receive 0.60 shares of SSB stock per IBTX share. Combined company to have $65B in assets and $8.2B market cap.
Why Is Clarivate Stock Trading Higher Premarket Monday?
Clarivate Plc launched AI-enhanced Trademark Watch Analyzer at 2024 International Trademark Association Annual Meeting, connecting users to trademark data in 258 countries and territories. Solution combines Clarivate global trademark data and AI technology.
Chinese EV Maker Li Auto Misses Q1 Revenue Expectations Despite Surging Vehicle Sales, Stock Tanks
Li Auto (LI) reported Q1 2024 revenue of $3.55B, missing analyst estimates. Net earnings per ADS also missed estimates. Vehicle sales and deliveries increased. Q2 outlook predicts $4.1B - $4.3B in revenue and 105K - 110K vehicle deliveries.
Why Is EHang Holdings Stock Rising Premarket Monday?
EHang Holdings reported 1Q FY24 results with revenue up 178%, positive operating cash flow, and projected 804% revenue increase for 2Q FY24.
Chubb Limited (NYSE: CB) Surges On Dividend Increase And Berkshire Hathaway Investment
Chubb Limited (NYSE: CB) is seeing a surge in trading activity as its shares climb higher following news of an increase in its quarterly dividend.
What's Going On With Faraday Future's Stock Friday?
Faraday Future's stock saw massive price moves related to the retail-fueled meme stock rally which saw heavily-shorted stocks gaining alongside GameStop and AMC Entertainment shares. The stock was up more than 8000% over the past week and reached an intraday high of $3.90 Friday before reversing.
Ouster Inc (NYSE: OUST) Shares Surge as Executives Disclose Stock Purchases
Ouster Inc (NYSE: OUST) is experiencing a surge in trading activity Friday afternoon as news of insider buying emerges. President and CEO Angus Charles Pacala, along with Chief Technology Officer Mark Frichtl, have made notable purchases of company shares, driving optimism among investors.