Category: Latest News

Fluence Energy (NASDAQ:FLNC) shares jumped 8.7% in pre-market trading after UBS upgraded the energy storage company to Neutral from Sell and raised its price target to $12.00 from $9.00. The change represents a significant shift in stance from one of the more bearish institutional analysts covering Fluence. UBS reassessed its outlook following a period of…

Shift4 Payments shares rose 3.4% in pre-market trading after Wells Fargo upgraded the payments technology company from ‘equal weight’ to ‘overweight’ and set a price target of $59. The upgrade provided a fresh catalyst ahead of the opening bell, with Wells Fargo’s new recommendation indicating a more favourable view of Shift4’s valuation relative to its…

Fidelity National Information Services (NYSE:FIS) shares fell 1.1% in pre-market trading to $40.94 after Wells Fargo downgraded the financial technology company to Equal Weight from Overweight and assigned a $46 price target. The downgrade reflects a less favourable assessment of the stock’s risk-reward profile following a series of downward revisions to the company’s outlook. Analyst…

Summit Therapeutics (NASDAQ:SMMT) shares gained 1.1% in pre-market trading after Bernstein SocGen upgraded the biotechnology company to Market Perform from Underperform and raised its price target to $11.90 from $9.80. The broker said Summit’s current valuation now provides a more appropriate reflection of the risk-adjusted intrinsic value of ivonescimab, the company’s only late-stage drug candidate.…

707 Cayman Holdings Ltd (NASDAQ:JEM) shares jumped 47.1% in pre-market trading to $5.62, with the sharp advance appearing to reflect speculative buying rather than a new company-specific development. No earnings announcement, analyst action or corporate press release dated Tuesday was identified as an obvious catalyst for the move, suggesting trading dynamics and the stock’s unusually…

BrenX Ltd. (NASDAQ:BRNX) shares climbed 15.1% in pre-market trading to $4.81, extending a period of heightened volatility that has followed the clean energy company’s major corporate repositioning in August. There appeared to be no new company-specific announcement behind Tuesday’s move. Instead, the latest advance reflected continued speculative interest following a series of changes that have…

T3 Defense (NASDAQ:DFNS) shares surged 64.3% in pre-market trading on Tuesday after Noble Financial initiated a bullish stance on the defence technology company, issuing a Buy rating and lifting its price target to $30 from $20. The sharp move triggered a volatility-related trading halt before shares subsequently resumed trading, highlighting the intensity of investor activity…

Gold prices edged lower on Tuesday after reaching their highest level in more than three months earlier in the session, as some investors locked in profits ahead of key U.S. inflation figures and Federal Reserve Chair Kevin Warsh’s upcoming speech. At 01:00 ET (05:00 GMT), XAU/USD was down 0.3% at $4,688.96 an ounce, while gold…

Oil prices dropped to a one-week low on Tuesday as traders viewed Washington’s latest sanctions threat against Iran as presenting a smaller immediate risk to global crude supplies than a renewed military escalation. Brent crude futures fell 35 cents, or 0.38%, to $91.82 a barrel by 0810 GMT, while U.S. West Texas Intermediate crude declined…

Bitcoin (COIN:BTCUSD) surged to its highest level in more than three months on Tuesday, as concerns over the health of U.S. public finances weighed on the dollar and encouraged investors to increase exposure to cryptocurrencies. The world’s largest cryptocurrency climbed 4.7% to $80,760.8 by 01:57 ET (05:57 GMT), having briefly touched $81,220.4, its strongest level…