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Analyst Expects Chewy Shares to Rise Based On ‘Dominant Position’
Chewy (NYSE: CHWY) shares are moving higher Tuesday after JMP Securities analyst Nicholas Jones initiated the stock with an Outperform rating and a $50 per share price target.
Tesco Shares: Analysts Positive Ahead of 22/23 Preliminary Results
Tesco (LON: TSCO) shares are up over 1% Tuesday, ahead of the release of its preliminary results for 2022/23 on Thursday, April 13. Investors will be watching closely to see how the British supermarket chain has fared in the
Cineworld Shares Drop Further as Cinema Chain Files Restructuring Plan in US
Cineworld (LON: CINE) shares tumbled further on Tuesday after the company filed a plan of reorganisation with the United States Bankruptcy Court for the Southern District of Texas, Houston Division.
USDCAD Rises As the CAD Fell Despite Upbeat March Jobs Data
The USDCAD currency pair was trading up over 19 pips as the US dollar rallied against the Canadian dollar despite the release of upbeat Canadian jobs data in the North American session. Canada added 34,700 jobs in March, beat
Why Palantir Stock Fell After Expanding US Government Contracts
The Palantir Technologies Inc (NYSE: PLTR) stock price fell 4.4% after announcing that it had expanded its strategic partnership with Microsoft’s cloud computing platform to government contracts. Investors sold Palantir share
Tesla Stock Is Up 56.6% YTD Despite Musk’s Actions. What’s Next?
The Tesla Inc (NASDAQ: TSLA) stock price has risen 56.6% this year amid a rebound in investor risk appetite and renewed confidence in the company’s prospects as Elon Musk’s Twitter acquisition fades into the background. Howev
Helium One Shares Rallied 6.45% After Drill Rig LOI With SOFORI
The Helium One Global Ltd (LON: HE1) share price rallied 6.45% after revealing that it had signed a Letter of Intent (LoI) with SOFORI, a Tunisian Drilling Contractor, to provide the Drillmec HH102 oil and gas rig for the com
Hurricane Energy Shares Edged Higher on Prax Scheme Documents
The Hurricane Energy PLC (LON: HUR) share price edged 2.40% higher after publishing the scheme document for the recommended acquisition of the company by Prax Exploration & Production PLC (Prax) via a Court-sanctioned sch
Royal Mail (IDS) Shares Were Muted as CWU Talks End Without Deal
The Royal Mail share price, now known as International Distributions Services PLC (LON: IDS), remained muted after the Acas-facilitated talks between the Communication Workers Union (CWU) and Royal Mail ended without the two
Scotgold Share Price Rallied 20.4% on $500K Loan and Transition
The Scotgold Resources Ltd (LON: SGZ) share price rallied 20.4% after revealing that it had received a US$500,000 advance payment from its gold offtake partner to meet its short-term working capital needs after commencing lon
Avacta Shares Rose 7.5% on Dosing First Patient in Phase 1a Trial
The Avacta Group Plc (LON: AVCT) share price rose 7.45% after announcing that it had dosed the first patient in the fifth cohort of the first-in-human phase I trial (ALS-6000-101) of AVA6000. The move comes after the Medical
Entain Shares Were Muted After Acquiring 365scores – Here’s Why
The Entain PLC (LON: ENT) share price barely moved after revealing that it had acquired the entire issued share capital of 365scores for a cash consideration of $150 million (approx. £120m) and contingent payments of up to $1
AUDUSD Fell After RBA Paused Rate Hikes on Weak Inflation Data
The AUDUSD currency pair was trading down over 41 pips as the Australian dollar fell against the US dollar after the Reserve Bank of Australia (RBA) paused its interest rate hikes but left the door open for further rate hikes
Secoo Holding (SECO) Stock Soared 159% Despite Lacking News
The Secoo Holding Ltd - ADR (NASDAQ: SECO) soared 159% despite the lack of news from Asia’s largest online integrated upscale products and services platform as measured by GMV in 2016. The company claims to have a higher aver
AMC Entertainment (AMC) Stock Plunged 24% on Settling Lawsuit
The AMC Entertainment Holdings Inc (NYSE: AMC) stock price plunged 24.3% after settling with shareholders who had sued it to block the measures passed by shareholders at a special meeting in March authorising the company to i
GSTechnologies (GST) Shares Rose 12.8% on a Loan Conversion
The GSTechnologies Ltd (LON: GST) share price rose 12.8% after revealing that it had received a conversion notice from the Loan Facility provider to convert the remaining US$285,000 principal amount of the Loan Facility and t
Argo Blockchain Shares Edged Lower on New CFO, March Update
The Argo Blockchain PLC (LON: ARB) share price edged 2.58% lower after announcing the appointment of Jim MacCallum as the company’s new Chief Financial Officer (CFO). Jim will start in the new role tomorrow, 5 April 2023, but
United Oil and Gas (UOG) Shares Surged 31.7% on Egypt Update
The United Oil & Gas PLC (LON: UOG) share price surged 31.7% after issuing an update about its Egypt operations, where it holds a 22% non-operating stake in the Abu Sennan license area operated by Kuwait Energy Egypt.
GBPUSD Pair Rallies Amid Dollar Slump on Upbeat Risk Sentiment
The GBPUSD currency pair was trading up over 76 pips as the Sterling pound rallied against the US dollar, driven by the upbeat investor risk appetite. Investors are counting on the BoE’s promise to raise rates if inflation re
Marathon Oil (MRO) Stock Rallied 10% on OPEC+ Oil Output Cuts
The Marathon Oil Corp (NYSE: MRO) stock price rallied 10.2% after OPEC+ announced production cuts of up to 1.16 million barrels of oil daily. The group led by Saudi Arabia announced the output cuts to boost oil prices, tradin
