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Hopes for U.S.-Iran Agreement Point to Further Gains on Wall Street: Dow Jones, S&P, Nasdaq, Futures
U.S. stock futures traded higher on Friday, indicating that equities could extend the strong gains recorded in the previous session as investors continued to focus on signs of a potential resolution to the conflict involving Iran. Market sentiment improved after President Donald Trump again suggested that an agreement between Washington and Tehran may be close.…
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Wolfe Starts Coverage of SpaceX With Buy Rating Ahead of Landmark IPO (SPCX)
Wolfe Research has initiated coverage of SpaceX (NASDAQ:SPCX) with an Outperform rating and a $175 price target, ahead of the company’s highly anticipated Nasdaq debut following the largest initial public offering in U.S. history. The brokerage’s valuation suggests approximately 30% upside from the IPO price of $135 per share, which helped the Elon Musk-led space,…
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Sharon AI Shares Jump on Major NVIDIA Compute Infrastructure Partnership (SHAZ)
Sharon AI Holdings Inc. (NASDAQ:SHAZ) shares surged 25% on Friday after the company announced a six-year strategic compute collaboration with NVIDIA (NASDAQ:NVDA) aimed at significantly expanding AI infrastructure capacity in Australia. The agreement marks a major step in Sharon AI’s efforts to build large-scale sovereign AI computing capabilities and broaden access to advanced AI processing…
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Akanda Shares Surge After Restoring Nasdaq Compliance (AKAN)
Akanda Corp. (NASDAQ:AKAN) shares climbed 22% in premarket trading on Friday after the company announced it had regained compliance with Nasdaq’s listing requirements following the submission of its delayed annual report. The move removes a regulatory overhang that had weighed on the stock after the company was previously notified of a filing deficiency. Nasdaq Confirms…
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Braemar Hotels Shares Rally on Move to Become Self-Managed REIT (BHR)
Braemar Hotels & Resorts Inc. (NYSE:BHR) shares surged 8% in premarket trading on Friday after the company unveiled plans to terminate its long-standing advisory arrangement with Ashford Inc. and transition to a self-managed real estate investment trust structure. The move follows a strategic review conducted by the company and a recommendation from a special committee…
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MBX Biosciences Shares Fall Despite Positive One-Year Trial Results for Canvuparatide (MBX)
MBX Biosciences Inc. (NASDAQ:MBX) shares dropped 19.6% in premarket trading on Friday despite the company reporting encouraging one-year clinical data for its investigational treatment canvuparatide in patients with chronic hypoparathyroidism. The clinical-stage biopharmaceutical company released updated findings from its 12-week Avail Phase 2 study alongside one-year results from an ongoing open-label extension trial evaluating once-weekly…
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Momentus Shares Slide After Announcing $25 Million Equity Offering (MNTS)
Momentus Inc. (NASDAQ:MNTS) shares fell 18% in premarket trading on Friday after the commercial space company unveiled plans to raise $25 million through a stock offering aimed at institutional investors. The transaction is expected to provide additional capital for the company’s operations, although the prospect of shareholder dilution weighed on investor sentiment. Company Launches Registered…
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Rezolve AI Shares Climb After Board Proposes $300 Million Buyback Programme (RZLV)
Rezolve AI Ltd (NASDAQ:RZLV) shares rose 7.1% in premarket trading on Friday after the company announced plans to seek shareholder approval for a proposed share repurchase programme worth up to $300 million. The initiative is intended to allow the company to buy back a substantial amount of its outstanding stock, reflecting management’s confidence in the…
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HUTCHMED Shares Rise After Positive Phase III Results Presented at EHA Congress (HCM)
HUTCHMED (NASDAQ:HCM) shares gained 2.4% in premarket trading on Friday after the company unveiled encouraging Phase III clinical trial results for sovleplenib in patients with warm antibody autoimmune hemolytic anemia (wAIHA) at the European Hematology Association (EHA) Congress. The findings were presented on Thursday at the EHA meeting in Stockholm, Sweden, and were selected for…
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Richtech Robotics Shares Slide After Financial Restatement Announcement (RR)
Richtech Robotics Inc (NASDAQ:RR) shares dropped 12% in premarket trading on Friday after the company revealed plans to restate financial statements covering multiple reporting periods following the identification of accounting errors. The Nevada-based robotics developer disclosed that its Audit Committee determined on June 9, 2026, that previously issued financial statements should no longer be relied…