The Latest Breaking News from Nasdaq

Analysts are diving into the second quarter earnings report from PayPal Holdings (NASDAQ: PYPL) and evaluating what a $2 billion stake from Elliott Management could mean for the financial technology company's future. 

By Lisa Thompson NASDAQ:OIIM READ THE FULL OIIM RESEARCH REPORT

  Rocky Brands, Inc. (NASDAQ: RCKY) dipped 21.6% to $26.62 after the company reported worse-than-expected Q2 EPS results.

 

The Nasdaq composite leapt 1.5% though it continues to face sellers at the 12,500 level this week.

U.S. stocks traded higher this morning, with the Dow Jones gaining more than 100 points on Wednesday.

Here's a roundup of top developments in the biotech space over the last 24 hours:

U.S stocks traded higher on Wednesday, with the Dow Jones gaining more than 200 points. Investors, meanwhile, focused on some notable insider trades.

Tesla, Inc.'s (NASDAQ: TSLA) annual shareholder meeting is scheduled to be held on Thursday at 5:30 p.m. ET. This will be a hybrid event, allowing limited in-person attendance at the company’s Giga Austin facility, while any shareholder as of June 6 could join the meeting virtually.

Although US stocks closed mostly lower on Tuesday, there were a few notable insider trades.

Hydrofarm Holdings Group, Inc. (NASDAQ: HYFM) release preliminary unaudited financial results for its second quarter ended June 30, 2022, revealing net sales estimated between $96.0 million to $97.5 million, as compared to $133.8 million for the three months ended June 30, 2