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Cineworld Shares Plunged 32% on the Bankruptcy Process Update
The Cineworld Group plc (LON: CINE) share price plunged 31.9% after releasing an update on the progress of its chapter 11 bankruptcy cases in the United States. The company noted that it had received interest in some of its a
The EURUSD Pair Was Trading Flat as a Further Decline Looms
The EURUSD currency pair was trading flat at writing as buyers and sellers fought for control. The currency pair broke from the two-day decline that had seen the dollar strengthen against the single currency since the week st
Teladoc Stock Fell 13% on Q4 and FY22 Losses. What’s Next?
The Teladoc Health Inc (NYSE: TDOC) stock price fell 12.98% after its Q4 2022 fiscal results were released. The company reported a loss of 43 cents per share, beating analysts’ estimates of 25 cents per share. The firm genera
Lucid Stock Fell 13.1% on Q4 Earnings on FY22 Production Miss
The Lucid Group Inc (NASDAQ: LCID) stock price fell 13.1% after its Q4, and full-year 2022 results were released. The EV manufacturer made 3,493 vehicles, representing a 53% jump from the previous quarter, bringing its total
Nvidia Stock Rallied on Upbeat Q4 Earnings Boosted by AI Chips
The NVIDIA Corporation (NASDAQ: NVDA) stock price rallied 10.6% after releasing its Q4 2022 earnings results, which were better than expected. The chip manufacturer generated revenues worth $6.5 billion, beating analysts' est
NZDUSD Pair Rallies Higher on RBNZ Rate Hike, Hawkish Stance
The NZDUSD currency pair was trading up over 30 pips at writing as the New Zealand dollar, commonly called the Kiwi, rallied against the US dollar. The Reserve Bank of New Zealand’s (RBNZ) interest rate decision drove the Kiw
Terran Orbital (LLAP) Stock Soared 80% on a $2.4Bn Contract Win
The Terran Orbital Corp (NYSE: LLAP) stock price soared 80% after its wholly-owned subsidiary, Tyvak Nano-Satellite Systems, Inc., won a $2.4 billion contract from Rivada Space Networks to design, build, and deploy 288 low-ea
Sorrento Therapeutics (SRNE) Stock Rallied 42.2% on $75M Loan
The Sorrento Therapeutics Inc (NASDAQ: SRNE) stock price rallied 42.2% after the U.S. Bankruptcy Court for the Southern District of Texas allowed the company to access a $75 million loan from JMB Capital Partners as part of t
Cineworld Shares Plunged 21.3% on Lowball Offers for Its Assets
The Cineworld Group plc (LON: CINE) share price plunged 21.3% after the company’s attorney Joshua Sussberg told Texas Bankruptcy Court Judge Marvin that the firm had received about 40 lowball bids for its non-US and non-UK as
Rio Tinto Shares Fell After Cutting FY22 Dividends on Lower Profits
The Rio Tinto plc (LON: RIO) share price fell 3.29% after the global mining company reduced its dividend payment for the past financial year due to a 38% decline in its full-year 2022 profits compared to 2021. The company att
Powerhouse Energy (PHE) Shares Surged 16.8% on Petrofac Deal
The Powerhouse Energy Group PLC (LON: PHE) share price surged 16.8% after signing a Framework Services Agreement with Petrofac Facilities Management Limited to provide the engineering design and supply chain development servi
GBPUSD: Pound Rallies on Upbeat UK PMIs and Fiscal Surplus
The GBPUSD currency pair was trading up over 60 pips after positive flash PMI data from the UK docket. IHS Markit/CIPS released the PMI data, where the manufacturing and service PMIs both beat analysts' expectations.
Why the Arbe Robotics Stock Spiked 77% Despite a Lack of News
The Arbe Robotics Ltd (NASDAQ: ARBE) stock price spiked 76.8% despite the lack of news from the company that makes radar detection systems that allow drivers to identify and avoid hitting other road users via 4D imaging. The
Troika Media (TRKA) Stock Rallied 61.2% on Form S-1 Withdrawal
The Troika Media Group Inc (NASDAQ: TRKA) stock price rallied 61.2% after investors got wind of its plans to withdraw a filing made with the US Securities and Exchange Commission (SEC) to issue new shares filed under a Form S
Versarien Shares Plunged 28.1% on Mixed 18-Month Final Results
The Versarien PLC (LON: VRS) share price plunged 28.1% after releasing the final results for the 18 months that ended on 30 September 2022. The company generated revenues worth £11.1 million, significantly improving from the
Zoo Digital Shares Surged 18% on Major Hollywood Studio Contract
The Zoo Digital Group plc (LON: ZOO) share price surged 17.9% after revealing that they had partnered with another major Hollywood studio to provide content localization services to the company. The new client also uses ZOOSt
BAE Systems Results Preview
BAE Systems (LON: BA.) is set to release its preliminary results on Thursday, February 23, and given
UK Oil & Gas (UKOG) Shares Soared 39.8% on Loxely Gas CPR
The UK Oil & Gas PLC (LON: UKOG) share price soared 39.8% after publishing the highlights of the Competent Person's Report (CPR) it received from RPS Energy Consultants (RPS) regarding the economic value of the Loxley Gas
USDJPY Rangebound for Three Days As Geopolitical Tensions Rise
The USDJPY currency pair has been trading sideways since Thursday. The US dollar lost some of its previous momentum, which has seen the currency pair rally higher since the start of February. The currency pair seems to be con
Baron Oil (BOIL) Shares Are Up 80.2% in a Month. What’s Next?
The Baron Oil PLC (LON: BOIL) share price has risen 80.2% over the past month as investor interest in the junior oil company spiked higher. The high interest in BOIL shares was driven by critical news releases from the compan
