Sam is a professional trader and the lead stock market news writer at AskTraders. After starting his career in the forex market, Sam now focuses on gold and stocks with a preference for fundamental and macroeconomic analysis.
Have a good evening all!
American Virtual Cloud Tech shares have closed 72.31% higher at $8.34 after the company announced it will purchase Ribbon’s Kandy Communications Business.
Aluminium stocks are moving higher after reports that US President Trump will announce a 10% tariff on some Canadian aluminium.
Carvana stock fell lower premarket after its Q2 sales results came in worse than expected yesterday evening. However, they have since ripped higher and are now up 24.56% on the day at $216.88 per share.
Airline stocks have popped higher after the US lifts its global coronavirus travel advisory.
They had advised US citizens to avoid all international travel because of the coronavirus pandemic.
In a statement, the State Department said: “With health and safety conditions improving in some countries and potentially deteriorating in others, the department is returning to our previous system of country-specific levels of travel advice.”
Denali Therapeutics shares are trading 38% higher at $32.08 per share after the company announced it signed an agreement with Biogen to co-develop Denali’s small molecule inhibitors of LRRK2 for Parkinson’s Disease.
According to a report by the Financial Times, Microsoft is trying to buy all of TikTok’s global business including its operations in India and Europe.
Microsoft shares are up slightly. +0.17%, $213.30
Well, Portnoy will be happy…
Penn National Gaming stock is up 14% at $43.84 per share.
The company topped revenue estimates in its second-quarter earnings report.
Bausch Health Stock has popped higher, up over 12% at $21.85 per share after the company announced its intention to spin off its Eye Health Business into an independent publicly-traded company.
As Promised here is the full story on Blink Charging…
Blink Charging shares have popped higher premarket after the company announced the signing of an interoperability agreement with SemaConnect.
BLNK Shares are up 2.94% at $12.97.
We will be posting more on that story shortly…
Lloyds banking stock has fallen 2% so far today as analysts at UBS lower price targets but keep its buy rating on the stock.
TUI’s share price has plummeted 4% to 313.9p as investors worry about more flight cancellations due to the second wave of coronavirus infections.
A report from Sky News today has said that infection rates in Spain and France have seen big rises.
IQE’s share price has had a climb higher today, currently up 2.03% at 57.50p.
Ryanair shares are down by 0.5% so far today but…
according to reports, they have restored 60% of scheduled flights in August.
Eurofins Scientific +15%
Secure Trust Bank +9%
Credito Valtellinese +9%
ESL’s share price has jumped higher after providing a positive trading update.
Its share price is up by 9.2% at 8.90p
Aviva’s share price is popping higher ahead of its latest financial update in just over half an hour.
It is currently trading at 284p, up 2.08%.
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