A string of economic indicators on Monday showed investors becoming more confident about the ongoing economic recovery, ignoring fears that new spikes from the coronavirus pandemic across the continent could demand a return to shares as total lockdowns. – The sentiment of investors, calculated by the German Sentix group, rose …
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IAC / InterActiveCorp. IAC, -0.22% announced Monday morning that it had acquired a 12% stake in MGM Resorts International MGM, + 12.08% that’s worth about $ 1 billion. IAC shares are up 2% in premium trading, while MGM’s share is up 20%. “What initially attracted us to MGM, in addition …
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Shares of Seres Therapeutics Inc. MCRB, + 332.15% hit nearly fourfold (up 270%) on heavy volume in premarket trading Monday, after the microbiome therapy company reported faster results from a Phase 3 trial of its SER-109 for recurrent C. difficile infections (CDI), as an infection of the colon. Trading volume …
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The US-listed shares of Canopy Growth Corp. CGC, -5.08% WEED, -4.41% hit 6.8% in prime trade on Monday, after the Canada-based cannabis company reported a slower-than-expected fiscal loss from the first quarter, although revenue went up less than forecast. The net loss for the quarter to June 30 is limited …
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Shares of Apple Inc. AAPL, -2.27% rose 1.2% in premarket trading Monday after Wedbush analyst Dan Ives raised its price target to a street high of $ 515 from $ 475, citing a “discernible uptick” in forecasts for the upcoming iPhone 12. He said that uptick was good for question …
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