ADVFN US – Market Content Editor

Short positioning in software stocks has climbed to levels not seen since the global financial crisis, according to a new note from Deutsche Bank, highlighting mounting bearish sentiment toward the sector. Analyst Parag Thatte said the recent selloff has left software shares trading “25% below their 200-day moving average,” describing the decline as “worse than…

Roivant Sciences Ltd (NASDAQ:ROIV) said Tuesday that the U.S. Food and Drug Administration has accepted its New Drug Application for brepocitinib in dermatomyositis and granted the filing priority review status. The application was submitted by Roivant’s subsidiary, Priovant. The FDA has set a Prescription Drug User Fee Act (PDUFA) target action date in the third…

Medline Industries Inc (NASDAQ:MDLN) shares fell 4.4% to $43.84 in premarket trading Tuesday after several major shareholders unveiled plans to sell a large block of stock in a secondary offering. The medical supply maker said 75 million shares will be offered by existing investors, including Blackstone Inc (NYSE:BX), Carlyle Group Inc (NASDAQ:CG), Hellman & Friedman,…

Sportradar Group AG (NASDAQ:SRAD) shares fell nearly 12% on Tuesday, even after the sports technology firm reported record quarterly and full-year results and boosted its share repurchase authorization to $1 billion. The company posted fourth-quarter revenue of €369 million, up 20% year over year from €307 million, driven by a 29% jump in Betting &…

L.B. Foster Company (NASDAQ:FSTR) shares rose nearly 2% in after-hours trading Tuesday after the rail and infrastructure supplier issued upbeat 2026 guidance, even as fourth-quarter earnings fell short of Wall Street expectations. The company reported adjusted earnings per share of $0.22 for the quarter, well below the analyst consensus of $0.66. Revenue, however, came in…

AeroVironment (NASDAQ:AVAV) shares jumped 6.5% on Tuesday after the defense contractor said it remains in ongoing discussions with the U.S. Space Force over a potential amendment to its SCAR program contract. The company confirmed it is negotiating a firm-fixed-price agreement tied to the Satellite Communications Augmentation Resource (SCAR) program, which involves delivering ground stations. AeroVironment…

Versant Media Group, Inc. (NASDAQ:VSNT) shares climbed more than 4% on Tuesday after the newly independent media company unveiled its first quarterly dividend and authorized a $1 billion share repurchase program, despite reporting lower full-year revenue. For 2025, Versant posted revenue of $6.69 billion, down 5.3% from $7.06 billion in 2024. Net income attributable to…

Paysafe Limited (NYSE:PSFE) shares surged more than 9% in premarket trading Tuesday after the payments platform delivered a strong fourth-quarter earnings beat, offsetting a slight revenue shortfall. The company reported adjusted earnings per share of $0.46, comfortably ahead of the $0.36 consensus estimate, a $0.10 upside surprise. Revenue for the quarter came in at $438.36…

EVgo Inc. (NASDAQ:EVGO) reported stronger-than-expected fourth-quarter results on Tuesday, sending shares up more than 2% as revenue growth outpaced Wall Street forecasts. The electric vehicle charging network operator posted adjusted earnings per share of -$0.04, beating the consensus estimate of -$0.09. Revenue jumped 75% year over year to $118.5 million, well ahead of analyst expectations…

Viking Holdings Ltd (NYSE:VIK) shares rose nearly 3% in premarket trading after the cruise operator delivered fourth-quarter results that topped Wall Street expectations, driven by higher capacity and strong passenger demand. Adjusted earnings per share came in at $0.67, surpassing the analyst consensus of $0.48 by $0.19. Quarterly revenue climbed 27.8% year over year to…