ADVFN US – Market Content Editor
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Torm Shares Fall 6.3% After Major Shareholder Launches Secondary Offering
Torm (NASDAQ:TRMD) shares fell 6.3% in premarket trading on Tuesday after OCM Njord Holdings S.à r.l. launched a secondary public offering of 9 million Class A common shares. OCM Njord Holdings is indirectly controlled by funds managed by Oaktree Capital Management and ultimately by Brookfield Corporation. Torm is not selling shares in the offering and…
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Circle Internet Shares Fall 4.7% Ahead of Senate Vote on Crypto Legislation
Circle Internet Group (NYSE:CRCL) shares fell 4.7% to $92.81 in premarket trading on Tuesday ahead of a scheduled US Senate procedural vote on the Digital Asset Market Clarity Act. The decline followed Monday’s closing price of $97.42. The Senate is scheduled to hold a cloture vote at 2:15 p.m. ET, with 60 votes required for…
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Eli Lilly Shares Rise 1.6% as Berenberg Upgrades Stock to Buy
Eli Lilly (NYSE:LLY) shares rose 1.6% to $1,155.96 in premarket trading on Tuesday after Berenberg upgraded the pharmaceutical company to Buy from Hold and raised its price target. The broker increased its target to $1,400 from $1,220, citing Lilly’s position in the obesity and diabetes treatment markets, including its Zepbound and Mounjaro products. Berenberg also…
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Coinbase Shares Fall 4.4% as Bitcoin and Ether Decline Ahead of CLARITY Act Vote
Coinbase (NASDAQ:COIN) shares fell 4.4% in premarket trading on Tuesday as Bitcoin and Ether moved lower ahead of a procedural US Senate vote on digital-asset legislation and Wednesday’s Federal Reserve interest-rate decision. Bitcoin (COIN:BTCUSD) declined approximately 2.9% to around $76,834, while Ether (COIN:ETHUSD) recorded a larger percentage decline. Other crypto-linked equities also traded lower alongside…
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Amazon AWS Says Access Cannot Be Restored to Bahrain Facility After War Damage
Amazon Web Services, the cloud computing division of Amazon (NASDAQ:AMZN), said on Tuesday that it is unable to restore access to a facility in Bahrain following damage sustained during the Iran war. AWS also said access cannot be restored to one of its three data-hosting availability zones in the United Arab Emirates. The company said…
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US Stock Futures Edge Lower as 10-Year Treasury Yield Moves Above 5%: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures pointed to a slightly lower open on Tuesday as the yield on the benchmark 10-year Treasury moved back above 5%, while investors awaited the Federal Reserve’s monetary policy decision. The 10-year yield reached its highest level since July 2007 amid continued market attention on inflation and the outlook for US interest rates.…
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Sysco Shares Fall 1.3% After Pricing $1 Billion Stock Offering
Sysco (NYSE:SYY) shares fell 1.3% to $82.49 in premarket trading on Tuesday after the foodservice distributor priced a $1 billion common stock offering to help finance its planned acquisition of Jetro Restaurant Depot. The company priced 12,345,679 shares at $81 each, representing a discount of approximately 3% to Monday’s closing price of $83.54. The offering…
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Waystar Shares Rise 3.3% on Report Company Is Exploring Potential Sale
Waystar (NASDAQ:WAY) shares rose 3.3% to $25.73 in premarket trading on Tuesday following reports that the healthcare software company is considering strategic options, including a potential sale. A transaction could result in Waystar becoming privately held approximately two years after the company completed its initial public offering in 2024. No transaction has been announced, and…
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Energous Shares Rise 1.4% as Analyst Consensus Price Target Stands at $26.52
Energous (NASDAQ:WATT) shares rose 1.4% to $11.14 in premarket trading on Tuesday, with the wireless power technology company’s analyst consensus price target reported at $26.52 per share. Seven analysts covering Energous have a consensus recommendation weighted towards buy ratings, according to the supplied data. The $26.52 consensus target remains above the company’s current share price.…
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X-energy Xe-100 Reactor Accepted Into UK Nuclear Regulatory Review
Centrica (LSE:CAN) and X-Energy (NASDAQ:XE) said the Xe-100 small modular reactor has been accepted into the UK’s Generic Design Assessment process, beginning a regulatory review expected to take approximately three years. The Generic Design Assessment, or GDA, examines whether a nuclear reactor design is acceptable for deployment in the UK before site-specific licensing and permitting…