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The Latest Breaking News from Nasdaq

Benzinga's Top Ratings Upgrades, Downgrades For May 25, 2022

Upgrades Credit Suisse upgraded the previous rating for Molecular Partners AG (NASDAQ:MOLN) from Underperform to Neutral. NoneAt the moment, the stock has a 52-week-high of $32.04 and a 52-week-low of $5.92. Molecular Partners closed at $6.88 at the end of the last trading period.

Benzinga

Citius Pharma To Spinoff Late-Stage Oncology Asset Into New Publicly Traded Firm

Citius Pharmaceuticals Inc (NASDAQ:CTXR) plans to form a new company (NewCo) focused on developing and commercializing I/ONTAK. A Phase 3 trial was completed in December 2021, and a biologics license application (BLA) is being planned for submission in the second half of 2022. The Company's other pipeline assets, including Mino-Lok, would remain at…

Benzinga

Starbucks Stock Brews A Setup For Bulls, Bears: Here's Where To Watch For The Break

Starbucks Corporation (NASDAQ: SBUX) was trading mostly flat Wednesday morning, following a number of days when the stock has traded in a tight $5 range between $68.39 and $73.47 in consolidation.

Benzinga

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PC Connection Earnings Perspective: Return On Capital Employed

According to Benzinga Pro, during Q1, PC Connection (NASDAQ:CNXN) earned $21.79 million, a 2.65% increase from the preceding quarter. PC Connection's sales decreased to $788.34 million, a 1.48% change since Q4.

Benzinga

Hain Celestial Group's Return On Capital Employed Insights

According to Benzinga Pro data Hain Celestial Group (NASDAQ:HAIN) posted a 20.58% decrease in earnings from Q2. Sales, however, increased by 5.45% over the previous quarter to $502.94 million.

Benzinga

Gogo's Return on Invested Capital Overview

According to Benzinga Pro data Gogo (NASDAQ:GOGO) posted a 89.85% decrease in earnings from Q4. Sales, however, increased by 0.49% over the previous quarter to $92.75 million.

Benzinga

Fortune 500 List Includes Cryptocurrency Company For The First Time; 30 Return After Missing 2021

Fortune released its annual Fortune 500 list, ranking the largest companies in America by revenue. The list included a cryptocurrency company for the first time and saw several newcomers from the previous year.

Benzinga

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Looking Into Papa John's International's Return On Invested Capital

According to Benzinga Pro data Papa John's International (NASDAQ:PZZA) posted a 55.26% decrease in earnings from Q4. Sales, however, increased by 2.61% over the previous quarter to $542.69 million.

Benzinga

ACI Worldwide's Return on Invested Capital Insights

Pulled from Benzinga Pro data, ACI Worldwide (NASDAQ:ACIW) posted Q1 earnings of $15.49 million, an increase from Q4 of 85.85%. Sales dropped to $323.08 million, a 30.79% decrease between quarters.

Benzinga

Applied Optoelectronics Earnings Perspective: Return On Invested Capital

Benzinga Pro data, Applied Optoelectronics (NASDAQ:AAOI) reported Q1 sales of $52.24 million. Earnings fell to a loss of $16.06 million, resulting in a 10.47% decrease from last quarter.

Benzinga

CD&R, TPG Take Covetrus Private In $4B Deal

Clayton, Dubilier & Rice (CD&R), a private investment firm, and TPG Capital will acquire animal-health technology and services company Covetrus Inc (NASDAQ:CVET) for $21.00 per share, representing an enterprise value of approximately $4 billion. CD&R and its affiliates currently beneficially own approximately 24% of the company's outstanding shares of common stock. The transaction…

Benzinga

Elevation Oncology Shares Gain On FDA Fast Track Designation For Seribantumab In Tumor-Agnostic Settings

Elevation Oncology, Inc. (NASDAQ: ELEV) received Fast Track designation from the Food and Drug Administration (FDA) for Seribantumab in tumor-agnostic settings for the treatment of advanced solid tumors that harbor NRG1 gene fusions.

Benzinga

Insiders Buy More Than $13M Of 3 Stocks

Although the Nasdaq Composite dropped around 270 points on Tuesday, there were a few notable insider trades.

Benzinga

MakeMyTrip Tops Q4 On Gradual Recovery Of Domestic Travel

Indian online travel company MakeMyTrip Limited (NASDAQ:MMYT) reported fourth-quarter FY22 revenue growth of 15.1% year-on-year (CC) to $88.6 million beating the consensus of $83.6 million. Revenue from the air ticketing business grew by 7.6% (CC) to $25.3 million, the hotels and packages business rose 22.0% (CC) to $45.1 million, bus ticketing business increased by 10.2%…

Benzinga

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Benzinga

Tesla Battery Permit For Giga Texas Challenged By Environmentalists: Here's What They Want

A group of environmentalists has requested the city of Austin to withhold Tesla Inc’s (NASDAQ: TSLA) permits for building a battery cathode facility near the Colorado River, local news publication Austonia reported citing a letter fr

Benzinga

The Daily Biotech Pulse: Third FDA Rejection For Verrica's Skin Disease Drug, Assembly Bio Terminates Hepatitis B Virus Pact, Consistency Data For Valneva's Chikungunya Vaccine

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

Benzinga

DFFN: Data from Altitude Trial Expected in June 2022…

By David Bautz, PhD NASDAQ:DFFN READ THE FULL DFFN RESEARCH REPORT

Benzinga

EXCLUSIVE: Mike Tyson's Cannabis Brand Tyson 2.0 Appoints Alc-Bev Industry Veteran As Chief Marketing Officer

Mike Tyson’s cannabis brand, Tyson 2.0, appointed Jackie (Northacker) Guarini as chief marketing officer to lead the company’s marketing strategy.

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news in one place.

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Benzinga

Trades Are Mixed About Nvidia Ahead Of Earnings Release

Nvidia Corporation (NASDAQ: NVDA) is scheduled to report quarterly earnings on Wednesday after the closing bell. The Street expectations are for earnings of $1.30 per share on a slowdown in revenue growth.

Benzinga

Grab Loses Two Top Fintech Veterans Amid Its Business Restructuring: Reuters

Grab Holdings Limited (NASDAQ:GRAB) lost two top executives in its fintech business, adding to other senior departures as the Southeast Asian ride-hailing and delivery firm rejigs the critical unit at the loss-making group, Reuters reports. Chris Yeo, who headed Grab's payments and rewards business and has been with the company for nearly…

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

Benzinga

Executives Sell Around $207M Of 5 Stocks

Gold futures traded lower this morning on Wednesday. Investors, meanwhile, focused on some notable insider trades.

Benzinga

Why Photronics Shares Are Surging Today

Photronics, Inc (NASDAQ:PLAB) reported second-quarter FY22 revenue growth of 28% year-on-year to $204.5 million, beating the consensus of $192.4 million. Segments: Integrated circuit (IC) revenue grew 30% Y/Y to $145.8 million. Flat-panel display (FPD) revenue increased 23% Y/Y to $58.7 million. Margin: The gross margin expanded by 1,140 bps to 36%. The operating margin expanded…

Benzinga

Clearway's Energy-Global Infrastructure Partners Ink Strategic Partnership With TotalEnergies

Clearway Energy, Inc. (NYSE:CWEN) (NYSE: CWEN-A) and its renewable development partner and parent company, Clearway Energy Group LLC stated that Global Infrastructure Partners (GIP) had formed a strategic partnership with TotalEnergies SE (NYSE:TTE) in the U.S. renewable energy sector. TotalEnergies will acquire half of GIP's interest in Clearway Group, a privately-held renewable development company that serves as CWEN's…

Benzinga

Photronics: Q2 Earnings Insights

Photronics (NASDAQ:PLAB) reported its Q2 earnings results on Wednesday, May 25, 2022 at 06:00 AM. Here's what investors need to know about the announcement.

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