ToughBuilt Industries Rally Continues
ToughBuilt Industries, Inc. (TBLT) shares are up more than 14 percent on Thursday morning trade, continuing bullish for the last couple of days on significantly high volume.
There were no corporate announcements on the day to influence the stock movement.
Currently, shares are at $4.77, up 14.08 percent on a volume of 42,747,711. There shares have traded in a range of $4.64-$565 on average volume of 6,501,543.
Biden Tests Positive for Covid
President Joe Biden has tested positive for Covid-19, the White House announced on Thursday.
“This morning, President Biden tested positive for COVID-19,” the statement from the White House reads, reminding the public that “he is fully vaccinated and twice boosted and experiencing very mild symptoms.”
The 79-year-old president is receiving treatment in the form of Paxlovid and “will isolate at the White House and will continue to carry out all of his duties fully during that time,” and is expected to continue this protocol until he tests negative.
The White House committed to providing daily updates on Biden’s condition.
Biden is the second president to test positive for Covid after his predecessor Donald Trump tested positive in October of 2020. The diagnosis comes four days after Biden returned from a series of meetings in Saudi Arabia and Israel, during which he met with several world leaders.
Devon Energy Down 4% On Analysts Downgrade
Shares of hydrocarbon exploration company Devon Energy Corp. (DVN) are down 4 percent on Thursday’s trading. The stock was reacting to reports of analysts dropping their price target of Devon Energy from $80.00 to $66.00 and set a “neutral” rating for the company.
The company will report its second-quarter earnings on August 1.
Currently at $54.92, the stock has traded between $24.46 and $79.40 during the past 52 weeks.
United Airlines Slips 9% On 2023 Growth Plan Curbs
Shares of United Airlines Holdings, Inc. (UAL) are down 9 percent on Thursday’s trading. The stock has been heading south since Wednesday. The stock is impacted by news of the airlines announcing that it would expand flying 8 percent or less next year over 2019. An earlier forecast had put that growth plan at closer to 20 percent.
The company also posted second-quarter earnings of $1.00 per share, which was below analysts estimates of $1.94 per share for the three-month period.
Currently at $38.13, the stock has traded between $30.54 and $54.52 during the past 52 weeks.
Tabula Rasa HealthCare Stock Surges 70% After Q2 Revenue Outlook Hiked
Shares of Tabula Rasa HealthCare, Inc. (TRHC) surged 70% on Thursday morning after the company lifted its revenue outlook for the second quarter.
TRHC is currently trading at $4.4492, up $1.8492 on 71.1231%, on the Nasdaq.
The company expects second-quarter revenues to between $72 million and $73 million, exceeding the prior guidance range of $66 million and $69 million.
Commenting on the preliminary results, CEO Calvin Knowlton said, “Our preliminary second quarter revenue performance underscores the ongoing momentum in the business as we continue to see increased demand for our core offering. We also are pleased with our team’s efforts to unlock value by pursuing opportunities to divest non-core assets as we sharpen our strategic focus and strengthen our balance sheet. We continue to make important progress on both fronts as we recalibrate the business for the significant opportunities ahead in the PACE market.”
How Much Watching Time Do You Have This Weekend?
Our TV critic recommends checking out a thrilling cartoon, a bright Britcom and the return of “Blown Away.”
Send any friend a story
As a subscriber, you have 10 gift articles to give each month. Anyone can read what you share.
By Margaret Lyons
Pinterest Jumps 18% On Reports That Elliott Has 9% Stake
Shares of Pinterest, Inc. (PINS) jumped 18% in extended session on Thursday on reports that activist investor Elliott Management Corp. has taken a 9% stake in the compan.
According to WSJ, Elliott has built a stake of over 9% in Pinterest in recent months. The report also said that the investor is in talks with the social media company, however, it could not be determined what the discussions between the parties were about.
Elliott has told the company that it is its biggest investor, the report said.
PINS closed Thursday’s trading at $17.56, down $0.85 or 4.62%, on the NYSE. The stock, however, gained $3.23 or 18.39% in the after-hours trading.
Treasury Reveals Details Of Two-Year, Five-Year & Seven-Year Note Auctions
The Treasury Department on Thursday announced the details of this month’s auctions of two-year, five-year and seven-year notes.
The Treasury revealed it plans to sell $45 billion worth of two-year notes, $46 billion worth of five-year notes and $38 billion worth of seven-year notes.
The results of the two-year note auction will be announced next Monday, the results of the five-year note auction will be announced next Tuesday and the results of the seven-year note auction will be announced next Thursday.
Last month, the Treasury sold $46 billion worth of two-year notes, $47 billion worth of five-year notes and $40 billion worth of seven-year notes.
The two-year and five-year note auctions both attracted below average demand, while the seven-year note auction attracted above average demand.