LNG Exporter Venture Global Stock Closes Below IPO Price in Debut
Shares of liquefied natural gas exporter Venture Global finished Friday's first day of trading below their initial public offering price of $25 per share.
Shares of liquefied natural gas exporter Venture Global finished Friday's first day of trading below their initial public offering price of $25 per share.
Covenant Logistics Group officials are optimistic about the trucking market, expecting more freight by mid-2025. The post Covenant Logistics Group optimistic about freight market in 2025 appeared first on FreightWaves.
Shares of kitchen product manufacturer Middleby (NYSE:MIDD) jumped 15.1% in the afternoon session after The Wall Street Journal reported that activist Garden Investments built a ~5% stake in the company and plans to push for changes. This move is noteworthy given that activist investors often bring about significant changes in targeted companies, focusing on improving asset monetization, expense efficiency, and stock buybacks.
This story incorporates reporting fromBenzinga.com, Barron’s on MSN.com and MarketWatch on MSN.com.Verizon’s stock price rose following the release of their latest earnings report, which outperformed analysts’ expectations. The company’s Q4 results showed a notable increase in mobile and broadband subscriptions, with postpaid phone net additions reaching 568,000, up from 449,000 the previous year. Additionally, total broadband net additions hit 408,000, compared to 350,000 a year earlier.
Twilio shares skyrocketed Friday on the cloud communications software maker's strong outlook amid growing demand for its AI tools.
The new treatment targets gut hormone GLP-1 but also mimics amylin, a hormone released by the pancreas that suppresses hunger.
Shares of analog chip manufacturer Texas Instruments (NASDAQ:TXN) fell 5.9% in the morning session after the company reported underwhelming fourth-quarter results, with earnings guidance for the next quarter falling short of Wall Street's expectations. Adding to the negative was the fact that inventory levels increased, contributing to weaknesses in Japan and Europe, especially in the auto, and industrial markets. These weaknesses were partly offset by continued strength in China's auto and smar
Shares of 3D printing company 3D Systems (NYSE:DDD) jumped 23% in the morning session after the company announced a deal with Daimler Trucks and Buses to improve the production of spare parts using additive manufacturing. Through this partnership, Daimler will use 3D Systems' expertise in additive manufacturing to produce hard-to-find components like fuse box covers. These parts often face sourcing delays during vehicle production, causing bottlenecks in the supply chain.
Shares of freight and logistics provider Covenant Logistics (NASDAQ:CVLG) fell 7.6% in the morning session after the company reported weak fourth quarter results. Its revenue missed significantly, and its Freight revenue fell short of Wall Street's estimates. The company's CEO called out a "challenging general freight environment" and added that in the Dedicated segment, "profitability fell short of our expectations due to greater-than-anticipated temporary customer shutdowns and volume reductio
U.S. equities were little changed at midday after a strong week that saw the S&P 500 set a record high.