Getty Images Plunges 5% as Blockbuster Trillium Capital Takeover Bid Faces Unexpected Rejection
Shares of Getty Images Holdings Inc. dropped by 5% following the company’s announcement that its board had rejected an acquisition proposal from activist investor Trillium Capital LLC. Trillium, which earlier this month encouraged Getty to find a buyer, offered to buy Getty Images for $10 a share. However, the board deemed this proposal “unsolicited,” “highly […]
Nvidia Soars as Microsoft Unveils Plans to Invest Big in AI Infrastructure Expansion
Nvidia Corp.’s shares jumped more than 2.5% after Microsoft announced increased spending on equipment for offering artificial intelligence (AI)-powered features to corporate customers. Each company is behind some of the most significant advances in AI in recent years, and the convergence of their efforts could be a significant step forward. The combination of Nvidia’s AI […]
Breaking: GoodRx Soars 3% as Co-Founders and Co-CEOs Announce Plans to Step Down
GoodRx Holdings Inc.’s stocks rose over 3% in extended trading following the announcement that co-founders Trevor Bezdek and Douglas Hirsch will step down as co-CEOs. Scott Wagner, who previously served as an executive at GoDaddy Inc., has been appointed as interim CEO, effective immediately. Bezdek and Hirsch will continue to serve as executives within the […]
“Meta’s Stock Nosedives: Longest Losing Streak in Almost 4 Years – Investors Beware!”
Shares of Meta Platforms Inc. (META) have been declining for the past seven days, with the stock dropping by 1.3% in afternoon trading on Tuesday. If the downtrend continues, it will mark the longest losing streak for the stock since a seven-session stretch that ended on May 14, 2019, according to Dow Jones Market Data. […]
Soaring Profits: Kimberly-Clark Hits 1-Year Peak as Kleenex, Huggies Brands Smash Earnings & Boost Growth Forecast
Kimberly-Clark Corp., the multinational personal care corporation whose brands include Kleenex, Huggies, and Cottonelle, has reported encouraging first-quarter results that exceeded expectations, prompting the company to raise its full-year profit outlook. In premarket trading on Tuesday, the company’s shares rose by 0.8% towards a one-year high. Kimberly-Clark’s net income amounted to $566 million, or $1.67 […]
GE Stock Surges to 5-Year High: Astounding Profits, Revenue Surpass Expectations, Positive Cash Flow!
Shares of General Electric Co. (GE) climbed 0.7% toward a five-year high, after the aerospace and energy company reported first-quarter profit and revenue that surpassed expectations and posted a surprisingly positive free cash flow. GE’s latest financial performance has given investors renewed hope in the company’s prospects, as its stock continues to trade near multi-year […]
Tenable Stock Plummets Over 10% Amid Bleak Future Prospects – Will It Recover?
Tenable Holdings Inc. shares fell in after-hours trading on Monday after the cybersecurity company’s revenue and billings outlook disappointed investors, even as it exceeded Wall Street’s earnings expectations for the first quarter. Tenable reported a Q1 loss of $25.1 million, or 22 cents a share, compared to a loss of $24.5 million, or 22 cents […]
“Whirlpool Shares Soar as Earnings Triumph Surprises Investors – Profits Outpace Expectations”
Whirlpool Corporation (WHR) shares increased by 3.5% in after-hours trading on Monday following the announcement of the company’s first-quarter earnings, which exceeded Wall Street expectations. This came after a 0.2% decline in the regular session, closing at $140.70. Whirlpool reported a first-quarter net income of $179 million, or $3.27 per share, compared to a net […]
“Breaking: 5% Plunge in Cadence Design Stocks Amid Short-Term Outlook Concerns!”
Cadence Design Systems Inc. (CDNS) reported mixed results for its first-quarter financial results, with shares falling in the extended session Monday due to its lower-than-expected guidance for the current quarter, despite beating Wall Street expectations for the past quarter. In the extended session, Cadence shares declined 5% after a marginal 0.1% decline in the regular […]
Breaking: Fox’s Stock Tumbles 4% as Tucker Carlson Announces Shocking Exit from Network
Tucker Carlson, one of Fox News’ most prominent and influential personalities, is leaving the network, according to a statement released on Monday. The news triggered a 4% drop in Fox shares. In a brief statement, Fox News Media announced, “FOX News Media and Tucker Carlson have agreed to part ways,” expressing their gratitude to him […]