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.
Elsewhere, Nike stock closed 3.48% higher at $105.40 after Footlocker posted strong sales figures.
Anyway, that’s all from me, have a good evening all!
Lyft stock is trading up 4.19% at $31.46 after Credit Suisse maintains its outperform rating on the stock and lowers its price target to $66.
The share price rise also comes ahead of the company’s earnings report which is due to be released this week.
Xeros shares are up 5.49% at $17.68 after Carl Icahn added to his stake in the company, purchasing 1.8 million shares at an average price of $16.31.
Suncor Energy’s stock has surged over 4% to $33.38 as oil companies trade higher after optimistic comments regarding an oil demand recovery from Saudi Aramco.
According to the South China Morning Post, negotiations between Microsoft and ByteDance for the sale of TikTok are unlikely to succeed.
They also stated the same is true for a deal with Twitter and that ByteDance is preparing to step up its legal and public relations battle against the US President’s Executive Order.
Reata Pharmaceuticals’ shares have fallen 29% so far today, despite posting Q2 results that beat EPS and sales estimates.
Kodak’s share price has plummeted over 40% after the US government put its loan on pause while it investigated allegations of wrongdoing.
According to CNBC, the SEC is investigating how the company disclosed the deal with the government.
“Recent allegations of wrongdoing raise serious concerns. We will not proceed any further unless these allegations are cleared,” the U.S. International Development Finance Corporation said on Friday.
Kodak shares are currently trading at $9.28 premarket, down -37.84%.
Ok, I seem to have had a late-ish clinch the past couple of weeks, but here is the update anyway…
FTSE 100 +0.35%
EURO STOXX 50 +0.27%
Redrow Plc’s (LON:RDW) share price has plunged over 1% to 436.80p per share.
Blackstone Resources +100%
Cineworld +18% – HERE’S WHY CINEWORLD SHARES SURGED 22.6% HIGHER
National Express’ share price is up 2.278% at 163.1p.
According to a report by the WSJ over the weekend, Twitter has held preliminary talks about a combination with TikTok in the US.
Good morning traders…
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