stocktrader

Agenus Inc (NASDAQ: AGEN) faced a dramatic decline in its stock price on Thursday, plummeting more than 50%, following the US Food and Drug Administration (FDA’s) decision to advise against pursuing accelerated approval for its BOT/BAL colorectal cancer combination therapy. Despite the setback, the company remains committed to exploring alternative pathways to bring this promising treatment… Continue reading Agenus stock plummets over 50% as FDA rejects accelerated approval for BOT/BAL cancer therapy

Domino’s Pizza (DPZ) stock price is down over 13% during trading today as investors absorb the shocking earnings report. The company reported an EPS beat and almost achieved the sales targets. However, a weak guidance and suspension of new store opening targets has investors worried. The EPS clocked in at $4.03 beating expectations by 9.6%… Continue reading Domino’s Pizza stock crashes as American consumer struggles with rising food prices

Amazon.com Inc (NASDAQ: AMZN) faced a slight decline in stock value today despite achieving record-breaking sales during Prime Day 2024, which saw customers spend over $14 billion across its platform. The eCommerce giant reported a surge in Prime members participating in this year’s event, marking a significant increase from previous years. Notably, shoppers showed a… Continue reading Amazon Prime Day 2024 smashes sales records with $14 billion; stock declines despite high demand

The US Securities and Exchange Commission (SEC) has filed a lawsuit against Patrick Orlando, the former CEO of Digital World Acquisition Corp. (DWAC), a blank-check company that merged with Trump Media. The SEC accuses Orlando of making false statements regarding the company’s merger plans with Donald Trump’s social media startup, Truth Social. SEC lawsuit highlights… Continue reading SEC moves court against Trump Media SPAC ex-CEO Patrick Orlando

Nokia shares opened with a sharp 6% decline today following disappointing Q2 earnings and a bleak sales forecast, sending ripples through the market.  The telecommunications giant reported a significant 18% year-over-year drop in sales, totaling $4.81 billion, well below analysts’ expectations of $5.24 billion. The slump marks Nokia’s lowest quarterly sales since 2015, highlighting a… Continue reading Nokia stock dips 6% on weak forecast: Will Trump target the 5G supplier again in second term?

As Microsoft Corp (NASDAQ) prepares to announce its fiscal fourth-quarter earnings on Tuesday, July 30, Wall Street analysts are optimistic about the company’s performance. Microsoft is expected to report strong revenue growth, driven by its Azure cloud services and Office suite, with a projected earnings per share (EPS) of $2.90. Analysts from Bank of America… Continue reading Microsoft Q4 earnings preview: Revenue poised for 14% growth, driven by Azure and Office strength