sank 28% to $3.86 following a report from Bloomberg that said the discount retailer was seeking new financing as deals with dwindling liquidity.
has been reaching out to bankers and investors to assess market willingness to provide a new loan, Bloomberg reported, citing people with knowledge of the company’s efforts. Analysts at Loop Capital downgraded the stock to Sell from Hold.
reached a deal to be acquired by
for $32.50 a share. CymaBay shares were rising 25% to $32.21. Gilead rose 1.1%.
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rose 14% after Reuters reported that activist investor Engaged Capital, which is pushing for board seats and changes at the seller of North Face coats and Vans sneakers, has the backing of a member of VF Corp.’s founding family.
the project and task management software company, reported fourth-quarter adjusted earnings that beat analysts’ estimates as revenue in the period rose 35% from a year earlier to $202.6 million. The company’s revenue outlook for the first quarter, however, disappointed and the stock fell 10%.
rose 6.4% after the company reached a deal to launch air taxi services in the United Arab Emirates by early 2026.
rose 8.8% to $4.72.
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reinstated coverage on the stock with a Buy rating and price target of $6 “with a Buy rating “following recent capital markets transactions and a major award by the U.S. government.”
was down 2.1% to $16.33 after shares of the electric-vehicle company were downgraded to Hold from Buy at
and the price target was reduced to $16 from $25.
Trimble
,
which sells precision measurement technology, rose 4.2%. The company reported fourth-quarter earnings and sales that topped Wall Street estimates. The company said it expects revenue in 2024 of $3.57 billion to $3.67 billion, down from $3.8 billion a year earlier and below analysts’ expectations of $3.84 billion.
fell 2.6% to $117.68 after shares of the transportation company were downgraded by
to Underweight from Equal Weight while the price target was increased to $80 from $75.
Earnings reports that were expected Monday after the closing bell included
and
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Write to Joe Woelfel at joseph.woelfel@barrons.com
