California, the first state in America to put in place a coronavirus lockdown, is now turning a page on the pandemic.
Shares of Moderna (NASDAQ: MRNA) jumped 8.4% to a record closing high of $419.05 on Wednesday, as investors bid up the biotech's stock price ahead of its upcoming earnings announcement. Moderna said on Tuesday that the U.S. Food and Drug Administration (FDA) granted Fast Track designation for its mRNA vaccine candidate against respiratory syncytial virus (RSV) in adults older than 60. The Fast Track designation will accelerate the FDA's review of Moderna's drug.
What happened Shares of BioNTech (NASDAQ: BNTX) had jumped 11.8% higher at 11:42 a.m. EDT on Wednesday. The gain came after The New York Times reported that the U.S. Food and Drug Administration will likely approve the Pfizer-BioNTech COVID-19 vaccine by early September.
Yahoo Finance's Jared Blikre joined Yahoo Finance Live to break down the key takeaways from Roku's recent earnings report.
Shares of Novavax (NASDAQ: NVAX) surged 18.7% on Wednesday after the biotechnology company struck a deal to supply as many as 200 million doses of its coronavirus vaccine candidate to the EU. Should Novavax's vaccine obtain regulatory approval, the European Commission (EC) will purchase up to 100 million doses. Novavax hopes to complete the rolling submission for its drug to the European Medicines Agency in the third quarter.
There’s an old saying in the markets that you should ‘sell in May and go away.’ It’s a reference to long-noticed trend of summertime swoons, when market trading slows, or even dips, especially in August. Recent statistical research by CFRA research has quantified the phenomenon. Since 1945, they say, August is the year’s third-worst month for returns on the S&P 500, on average. The trend is particularly marked in years when the index set record high levels in July. A report from LPL Financial ad
In this article, we discuss the 10 stocks Reddit is piling into before earnings. If you want to skip our detailed analysis of these stocks, go directly to 5 Stocks Reddit is Piling Into Before Earnings. The stock market is on track to register a strong earnings quarter as more firms release their second quarter […]
Brian Sozzi gives us his take on Weber Grills ahead of the company’s IPO debut in the NYSE and also breaks down the features that differentiate Weber from other grill companies.
Shares of BeyondSpring (NASDAQ: BYSI) soared on Wednesday after the pharmaceutical company released promising clinical trial results for its investigational lung cancer treatment. A phase 3 trial of BeyondSpring's plinabulin treatment in combination with chemotherapy medication docetaxel to treat second and third line non-small cell lung cancer (NSCLC) reached its primary endpoint of statistically significant improvement in overall survival versus docetaxel alone. The combination treatment study also met its secondary endpoints, including significantly improving overall response rate (the proportion of patients whose tumor is reduced by a drug), progression-free survival rate, and 24- and 36-month overall survival rates.
Shares of Zoom Video Communications (NASDAQ: ZM) were rising today on seemingly no company-related news. The maker of the popular video-calling app, Zoom, saw its share price jump today, likely because some investors are concerned that rising COVID-19 cases caused by the delta variant are bringing more restrictions. Zoom's app became the go-to service for communicating with friends, family, and colleagues during strict lockdowns and social distancing last year, and that helped drive up Zoom's share price in 2020.
Yahoo Finance's Ines Ferre joined Yahoo Finance Live to break down Etsy's latest earnings report.
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
Yahoo Finance’s Alexandra Canal to break down Rihanna’s path to becoming a billionaire and Jeff Bezos being dethroned as the world’s richest person.
Shares of military drone maker Kratos Defense & Security Solutions (NASDAQ: KTOS) are falling today, down by 13.5% as of 1:11 p.m. EDT, after the defense specialist paired a solid earnings release last night with weak guidance. Analysts had estimated that Kratos would report $0.06 per share in profit for fiscal Q2 2021 -- and it did that. Sales growth in "unmanned systems" -- i.e., drones, Kratos' sexiest segment -- was particularly strong, rising 44%.
(Bloomberg) -- Tesla Inc. Chairman Robyn Denholm sold 31,250 shares of the electric-vehicle maker for more than $22 million, according to a regulatory filing late Wednesday.Denholm, who recently testified in a Delaware court as part of a shareholder lawsuit over Tesla’s controversial 2016 acquisition of SolarCity, has served on Tesla’s board since August 2014.She became chair in November 2018 after Chief Executive Officer Elon Musk was forced to relinquish the role as part of his settlement agre
After a heady rally in the first half of 2021, Avis Budget Group (NASDAQ: CAR) stock suffered one of its worst declines so far this year on Wednesday, finishing the session down 16.6%. Avis Budget reported its best quarter in history on the evening of Aug. 3. From one of its worst-ever quarters this time last year to its best-ever quarter today, Avis Budget's turnaround is nothing short of remarkable.
Roku and Etsy beat earnings, but sold off late. In a mixed market, AMD and Robinhood soared, signaling a meme stock shift.
Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), GameStop (NYSE: GME), and Sundial Growers (NASDAQ: SNDL) were all heading lower in morning trading Wednesday, with the theater operator down 4%, the video game retailer off over 1%, and the marijuana company falling 3.5%. The three companies have failed to maintain any sort of momentum from their earlier bull runs, and calls for retail investors to stand strong are not resonating as much as they did previously during the share-buying frenzy of January.
Shares of Alteryx (NYSE: AYX) were taking a dive today after the data analytics company once again offered up a disappointing earnings report. Alteryx beat estimates with its second-quarter earnings report.
Supporters of the crypto industry in the U.S. Senate filed an amendment to the bipartisan infrastructure bill, which would impose new tax-reporting rules on crypto brokers, to make clear that miners and providers of crypto services would not fall under the bill's requirements.
Shares of the movie theater stock fell after shareholders rejected a dilution plan and as Disney's "Black Widow" played well with the streaming audience.