Category: Latest News
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Spyre Therapeutics Shares Slide Following Large Insider Stock Sales (SYRE)
Spyre Therapeutics Inc. (NASDAQ:SYRE) shares dropped 13.7% in premarket trading on Wednesday after regulatory filings revealed significant stock sales by company insiders, including a transaction worth nearly $400 million by an investment fund affiliated with members of the board. The disclosures raised concerns among investors about insider sentiment and prompted selling pressure in the stock.…
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Crown Crafts Returns to Quarterly Profit as Margins Improve Despite Lower Sales (CRWS)
Crown Crafts, Inc. (NASDAQ:CRWS) reported a return to profitability in the fourth quarter of fiscal 2026, supported by stronger margins and disciplined cost management, even as revenue declined from the prior-year period. Shares of the company rose 0.36% in premarket trading following the earnings announcement. Fourth-Quarter Earnings Swing Back to Profit For the quarter ended…
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TOYO Shares Sink After Launching $50 Million Equity Offering (TOYO)
TOYO Co., Ltd. (NASDAQ:TOYO) shares plunged 28% on Wednesday after the solar manufacturing company announced plans to raise $50 million through a registered direct offering, prompting investor concerns about dilution. The sharp decline came as the market assessed the impact of the new share issuance and associated warrants on existing shareholders. Company Announces Share and…
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Sunrun Surges After Forming Data Centre Energy Alliance With Tesla and Renew Home (RUN)
Sunrun (NASDAQ:RUN) shares jumped 16% on Wednesday after the residential solar company announced a partnership with Renew Home and Tesla (NASDAQ:TSLA) aimed at supplying more than 16 gigawatts of flexible energy capacity to hyperscale data centre operators and utility companies. The initiative is designed to help address rapidly growing electricity demand driven by artificial intelligence…
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Churchill Capital Corp XI Surges After Announcing Agility Robotics Merger (CCXI)
Churchill Capital Corp XI (NASDAQ:CCXI) shares climbed 14% on Wednesday after the special purpose acquisition company announced a definitive agreement to merge with humanoid robotics developer Agility Robotics in a deal that values Agility at a pre-money equity valuation of $2.5 billion. The transaction is expected to provide substantial funding to support Agility’s commercial expansion…
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Cognition Therapeutics Advances After FDA Supports Key Elements of Pivotal Trial Plan (CGTX)
Cognition Therapeutics (NASDAQ:CGTX) shares gained 5% after the company announced that it had received written feedback from the U.S. Food and Drug Administration regarding the development pathway for zervimesine (CT1812) in patients with psychosis associated with dementia with Lewy bodies. The regulatory update provided clarity on the company’s proposed late-stage development strategy and was viewed…
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Alphabet Set to Join Dow Jones Industrial Average as Verizon Exits Index (GOOG)
Alphabet (NASDAQ:GOOG) will replace Verizon (NYSE:VZ) in the Dow Jones Industrial Average, with the change scheduled to take effect on June 29, according to an announcement from S&P Dow Jones Indices. Investors responded positively to the news, with Alphabet shares rising 0.3% in premarket trading on Wednesday, while Verizon shares slipped 0.55%. Dow Updates Membership…
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Warner Bros. Discovery Gains on Report EU Regulators Will Approve Paramount Deal (WBD)
Warner Bros. Discovery (NASDAQ:WBD) shares moved higher on Wednesday after a report indicated that European Union regulators are preparing to approve Paramount’s proposed acquisition of the media and entertainment company. The stock rose 1.25% as investors reacted positively to signs that the transaction may be moving closer to securing a key regulatory clearance. EU Approval…
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FuelCell Energy Jumps on Major Data Centre Power Agreement With Fit Energy (FCEL)
FuelCell Energy (NASDAQ:FCEL) shares surged 16% on Wednesday after the company announced a strategic partnership with Fit Energy USA LP to supply up to 380 megawatts of clean power for data centres using its fuel cell technology. The agreement strengthens FuelCell Energy’s position in the rapidly expanding artificial intelligence and advanced computing infrastructure market, where…
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SpaceX Extends Rebound as Analysts Highlight Potential Tesla Tie-Up (SPCX)
SpaceX (NASDAQ:SPCX) continued to recover in premarket trading on Wednesday after rebounding from losses that briefly pushed the stock below its post-IPO opening price. Shares closed Tuesday up 0.9% at $156.06 after falling as low as $147.11 during the session, below the stock’s June 12 opening price of $150. The shares advanced a further 1.2%…