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The Latest Breaking News from NYSE

StoneMor Inc (NYSE:STON) has agreed to be acquired by a subsidiary of Axar Capital Management LP. StoneMor shareholders will receive $3.50 in cash per share, representing a 54.2% premium to the company's closing share price on May 24, 2022. Axar currently owns about 75% of the outstanding shares of StoneMor common stock. The transaction…

Benzinga

Mid-Day Market Update: Gold Drops Over 1%; StoneMor Shares Jump

U.S. stocks traded higher midway through trading, with the Nasdaq Composite gaining more than 80 points on Wednesday.

Benzinga

Ethiopian Airlines Expands Its All-Boeing Freighter Fleet

Ethiopian Airlines further expanded its all Boeing Co (NYSE:BA) freighter fleet with an order for five 777 Freighters. Financial terms were not disclosed. "The addition of these five 777 Freighters into our cargo fleet will enable us to meet the growing demand in our cargo operation," said Ethiopian Airlines CEO Mesfin Tasew. In…

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4 Nordstrom Analysts React To Mixed Q1 Earnings: 'We Remain Skeptical'

Nordstrom, Inc. (NYSE: JWN) shares traded higher by 11% on Wednesday after the company reported strong first-quarter sales numbers and raised its full-year guidance.

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Stephens Sees 126% Upside In LiveRamp - Read Why

Stephens & Co. analyst Nicholas Zangler maintained LiveRamp Holdings Inc (NYSE:RAMP) with an Overweight and lowered the price target from $67 to $58 (126% upside) post Q4 FY22 results. While performance was solid, the near-term outlook calling for +17% revenue growth in 1Q23 and +15% to +18% for full-year F23 is likely to disappoint investors looking…

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50 Stocks Moving In Wednesday's Mid-Day Session

Gainers The Very Good Food Company Inc. (NASDAQ: VGFC) gained 178.3% to $0.3762 as the company announced it increased retail distribution across Canada with Loblaw Companies.

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Dycom Industries Shares Surge On Q1 Earnings Beat

Dycom Industries, Inc. (NYSE:DY) reported a first-quarter FY23 contract revenue growth of 20.5% year-over-year to $876.3 million, up 21.1% organically, beating the consensus of $779.5 million. EPS improved to $0.65 from $0.03 in 1Q22. Adjusted EBITDA improved by 44.6% Y/Y to $63.72 million, and margin expanded by 121 bps to 7.3%. The…

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Where Does ServiceNow Stand With Analysts Post Investor Day?

After attending its investor day meet, analysts offered their views on ServiceNow, Inc (NYSE: NOW).

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Look At All This Inventory: 3 Ways Retailers Account For What's On The Shelves

The retail sector has had a rocky quarter.

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Why BlackSky Technology Shares Are Soaring Today

BlackSky Technology Inc (NYSE: BKSY) shares are trading higher Wednesday after the company was awarded a 10-year electro optical commercial layer contract with the U.S. government.

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New Photos Show Shanghai Disneyland's Derelict State After 2 Months Of Closure

New photographs have emerged online that show parts of the Walt Disney Co.’s (NYSE: DIS) theme park in Shanghai turning in a weed-choked mess since being shuttered two months ago at the start of a pandemic lockdown.

Benzinga

TILT Amends Purchase And Sale Agreement For Its White Haven, Pennsylvania Facility

TILT Holdings Inc. (OTCQX: TLLTF) (NEO:TILT) has signed an amendment to its definitive agreement to sell its White Haven, Pennsylvania facility. The amendment allows the company and Innovative Industrial Properties, Inc. (NYSE:

Benzinga

Troika Media Shares Gain After Naming New CFO

Troika Media Group, Inc (NASDAQ:TRKA) appointed Erica Naidrich as the CFO, effective immediately. Christopher Broderick, previously CFO and COO, will remain as COO. Before joining Troika Media Group, Naidrich served as VP of Accounting and Controller for Madison Square Garden Entertainment Corp (NYSE:MSGE). Troika recently reported third-quarter FY22 revenue growth of 307% year-on-year to $15.7 million. The…

Benzinga

What's Going On With Kohl's Shares Today

Bidders seeking to acquire Kohl's Corp (NYSE:KSS) are likely to make offers lower than their initial ones to reflect the market downturn, Reuters reported. The potential purchasers, including private equity firm Sycamore Partners, brand holding firm Franchise Group, J.C. Penney investors Simon Property Group, Inc. (NYSE:SPG), and Brookfield Asset Management Inc (NYSE:BAM), intend to lower their offers…

Benzinga

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Mid-Morning Market Update: Markets Rise; Nasdaq Gains 100 Points

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 100 points on Wednesday.

Benzinga

Why Dick's Sporting Goods Stock Is Soaring And What May Come Next

Dick’s Sporting Goods, Inc (NYSE: DKS) gapped down about 10% lower on Wednesday to reach a new 52-week low of $63.45, before bulls came in and bought the dip.

Benzinga

CVS Stops Filling Controlled Substance Prescriptions From Two Telehealth Firms: Report

CVS Health Corp. (NYSE: CVS) has stopped filling prescriptions for controlled substances requested by clinicians from the telehealth startup companies Cerebral Inc. and Done Health.

Benzinga

Ominous Death Cross Forms On Builders FirstSource's Chart

If history is any guide, there may be trouble ahead for shares of Builders FirstSource (NYSE:BLDR). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

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Why Hoegh LNG Partners Shares Are Trading Higher Today

Hoegh LNG Partners LP (NYSE:HMLP) agreed to be acquired by Hoegh LNG Holdings Ltd for $9.25 per common unit for a total purchase price of approximately $167.6 million. The revised price represents an increase of $5.00 when compared to the offer of $4.25 per unit made by Höegh LNG on December 3, 2021,…

Benzinga

Overview Of Value Stocks In The Utilities Sector

What Defines a Value Stock? A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.

Benzinga

Lyft Pauses Hiring, Budgets To Beat Slowdown Following Uber's Footsteps

Lyft, Inc (NASDAQ:LYFT) looks to slow hiring, reducing some of its departments' budgets and granting new stock options to some employees to make up for its share price fall, the Wall Street Journal reports. Lyft joined rival Uber Technologies, Inc (NYSE:UBER) in outlining cuts as investor optimism cooled on tech stocks. Lyft looked to prioritize fewer…

Benzinga

Short Volatility Alert: Enel Américas S.A.

On Tuesday, shares of Enel Américas S.A. (NYSE: ENIA) experienced volatile short activity. After the activity, the stock price went up 0.17% to $5.73. The overall sentiment for ENIA has been Bullish.

Benzinga

Is Alibaba Reaching An Inflection Point? Investors Search For Answers Ahead Of Q4 Results

The battered Alibaba Group Holdings, Inc. (NYSE: BABA) stock has a key catalyst this week, as the Chinese ecommerce giant prepares to release its March quarter and year-end financial results.

Benzinga

Read How Bank Of Montreal Fared In Q2

Bank of Montreal (TSX: BMO) (NYSE: BMO)

Benzinga

Short Volatility Alert: CynergisTek

On Tuesday, shares of CynergisTek, Inc. (NYSE: CTEK) experienced volatile short activity. After the activity, the stock price went up +100.00% to $1.180. The overall sentiment for CTEK has been Bearish.

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