Category: Latest News
-
Tesla Confirms Upcoming Launch of Six-Seater Model Y L in China
Tesla (NASDAQ:TSLA) revealed Monday that its Model Y L will be “coming soon” to the Chinese market. The company shared the update via a post on Weibo (NASDAQ:WB), a widely used social media platform in China. Tesla had earlier registered plans to bring this new six-seater electric vehicle to China, although the announcement did not…
-
Palantir Shares Dip After Citron Research Flags Valuation Concerns
Palantir Technologies (NYSE:PLTR) slipped 2% Monday morning following a cautious assessment from short seller Citron Research regarding the company’s stock valuation, marking the second time the firm has raised concerns. The decline comes in the wake of remarks from OpenAI CEO Sam Altman, who warned that the AI market is in a bubble. This statement,…
-
iRhythm Shares Dip Following Short Report from Spruce Point
iRhythm Technologies (NASDAQ:IRTC) dropped 2% Monday morning after Spruce Point Capital Management released a short report targeting the cardiac monitoring company. The report, titled “Investor Complacency is Off the Charts,” suggested that iRhythm shares could face 40%-70% long-term downside, projecting a potential trading range of roughly $43 to $94 per share. Spruce Point raised concerns…
-
GoodRx Shares Surge After Novo Nordisk Collaboration on $499 Monthly Ozempic and Wegovy
GoodRx (NASDAQ:GDRX) jumped 18% after revealing a partnership with Novo Nordisk (NYSE:NVO) to offer Ozempic and Wegovy to eligible self-paying patients at a monthly price of $499. This agreement represents a notable price cut for these widely used GLP-1 medications and marks the first time Ozempic is available at this self-pay rate. The program is…
-
C3.ai Shares Rise on Partnership with Eletrobras for Operations Monitoring
C3.ai (NYSE:AI) edged up 1.2% following news of a collaboration with Eletrobras, Brazil’s major electric utility, to deploy real-time fault monitoring and resolution technology across its operations centers. Eletrobras is integrating C3 AI’s solutions to boost operational efficiency and strengthen monitoring capabilities across its facilities. A company filing also revealed that C3 Generative AI tools…
-
Nextracker Shares Climb After Guggenheim Upgrade Linked to IRS Rule Update
Nextracker (NASDAQ:NXT) gained 5% in Monday morning trading following an upgrade by Guggenheim, which raised the solar tracker maker from Neutral to Buy with a $74 price target, implying roughly 22% upside from Friday’s close at $60.58. The move comes after the IRS issued updated safe-harbor rules, which Guggenheim analyst Joseph Osha said would benefit…
-
Vanda Pharmaceuticals Shares Climb After Court Reverses FDA Decision
Vanda Pharmaceuticals (NASDAQ:VNDA) saw its shares rise more than 5% in premarket trading Monday following a favorable court ruling related to its sleep disorder treatment. The company reported that a federal appeals court overturned the FDA’s rejection of its drug Hetlioz for treating jet lag disorder. Previously, Vanda had petitioned the U.S. Court of Appeals…
-
Cogent Communications Shares Jump Following Wells Fargo Double Upgrade
Shares of Cogent Communications (NASDAQ:CCOI) climbed 6.5% on Monday after Wells Fargo analyst Eric Luebchow issued a double upgrade, moving the stock from Underweight to Overweight with a $45 price target. The move bypassed the Neutral rating entirely, shifting straight from a bearish to a bullish outlook, signaling roughly 31% upside from Friday’s close at…
-
Dow Jones, S&P, Nasdaq, Wall Street SFutures et for Slight Pullback After Back-to-Back Gains
Futures for major U.S. indexes suggest a slightly lower open on Monday, following two strong weeks that pushed the Nasdaq and S&P 500 to record levels. Traders may use the session to take profits after the recent rally. Market focus is on a high-profile White House meeting involving President Donald Trump, Ukrainian President Volodymyr Zelenskyy,…
-
Empery Digital Slides in Pre-Market Despite Securing Credit Line to Boost BTC Holdings
Empery Digital Inc. (NASDAQ:EMPD) shares dropped over 12% in pre-market trading Monday, reaching US$7.90, following the company’s announcement of a US$25 million credit line aimed at funding share repurchases. Over the past year, the stock has plunged more than 90%. Based in Round Rock, Texas, Empery emphasized that the company may draw on the credit…