Category: Latest News
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Nathan’s Famous jumps after Smithfield Foods tables $102-a-share takeover bid
Shares of Nathan’s Famous Inc (NASDAQ:NATH) surged 9.6% in premarket trading on Wednesday after Smithfield Foods Inc (NASDAQ:SFD) unveiled an all-cash proposal to buy the hot dog brand for $102.00 per share. The transaction places an enterprise value of roughly $450 million on Nathan’s Famous and would give Smithfield permanent ownership of the brand, which…
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Ocugen shares slide after company prices $22.5 million equity raise
Shares of Ocugen, Inc. (NASDAQ:OCGN) fell 6.6% in premarket trading on Wednesday after the biotech group announced the pricing of an underwritten common stock offering. Ocugen said it will issue 15 million common shares at a price of $1.50 per share, with the transaction expected to raise $22.5 million in gross proceeds before underwriting fees…
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Prologis shares climb after Q4 results beat forecasts on robust leasing demand
Prologis Inc. (NYSE:PLD) reported fourth-quarter profit and revenue that topped Wall Street expectations on Wednesday, supported by solid leasing activity across its global warehouse portfolio, as the industrial REIT enters 2026 with upbeat earnings guidance. The shares rose 2.37% in premarket trading. Prologis, a roughly $123 billion industrial real estate investment trust, has continued to…
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Aqua Metals shares jump on multi-year supply pact with 6K Energy
Shares of Aqua Metals, Inc. (NASDAQ:AQMS) climbed about 20% after the sustainable battery metals recycler announced it had entered into a multi-year Material Supply Agreement (MSA) with 6K Energy, a U.S. manufacturer of advanced cathode active materials. The agreement outlines a framework under which Aqua Metals will supply battery-grade nickel metal and lithium carbonate produced…
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U.S. equities set for potential further losses at the open: Dow Jones, S&P, Nasdaq, Wall Street Futures
U.S. stock index futures are signaling a slightly weaker start to Wednesday’s session, pointing to the possibility of additional declines after the sharp sell-off seen a day earlier. Investor sentiment remains fragile amid fears of an escalating trade dispute between the United States and Europe, sparked by President Donald Trump’s push to secure control of…
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Ally Financial slides as investors zero in on softness in auto lending
Ally Financial Inc. (NYSE:ALLY) reported fourth-quarter adjusted earnings that came in ahead of expectations on Wednesday, but its shares moved lower as investors focused on continued pressure in the company’s auto finance business. The stock fell 3.35% in premarket trading following the results. The digital bank and auto lender posted adjusted earnings per share of…
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Charles Schwab posts in-line Q4 earnings as shares slide despite record revenue
The Charles Schwab Corporation (NYSE:SCHW) reported fourth-quarter results that met market expectations, but its shares fell about 3% as investors reacted cautiously to the broadly in-line performance, even as revenue hit a new record. The group delivered adjusted earnings per share of $1.39 for the quarter, exactly matching analyst forecasts. Revenue came in at a…
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Wintrust Financial posts record Q4 profit, beating market forecasts
Wintrust Financial Corporation (NASDAQ:WTFC) reported record results for the fourth quarter on Tuesday, with net income climbing to $223 million, or $3.15 per diluted share, comfortably ahead of analysts’ expectations of $2.93. Quarterly revenue reached $714.26 million, also topping the consensus forecast of $701.8 million. The financial services group benefited from record net interest income…
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Venus Concept to exit NASDAQ and end SEC reporting obligations
Venus Concept Inc. (NASDAQ:VERO) said it will voluntarily delist its common shares from the NASDAQ Capital Market and deregister with the U.S. Securities and Exchange Commission. The company noted that it remains compliant with NASDAQ listing standards, but said its board concluded that the cost and resource burden associated with ongoing SEC reporting outweigh the…
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Old National Bancorp tops Q4 profit forecasts despite softer revenue
Old National Bancorp (NASDAQ:ONB) reported fourth-quarter results on Wednesday that beat earnings expectations, even as revenue came in below market forecasts. The Indiana-based lender posted adjusted earnings per share of $0.62, ahead of the $0.59 consensus estimate. Revenue totaled $690.59 million, missing analysts’ expectations of $706.14 million. Shares slipped modestly following the release, edging down…