Browse Tag Today

Why Huya Stock Dropped Today

What happened Shares of Huya (NYSE: HUYA) have dropped today, down by 10% as of 3:10 p.m. EST, after a previously announced joint venture with MTG fell apart. MTG had hoped to gain a foothold in China’s booming esports and live-streaming market through the partnership with Huya. So what The companies had signed an agreement last […]

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Here’s Why Coeur Mining Stock Fell as Much as 17.5% Today

What happened Shares of Coeur Mining (NYSE: CDE) fell over 17% today after the company reported preliminary fourth-quarter and full-year 2019 operating results. The precious metals miner delivered solid performance from three mines: Palmarejo (the best-performing asset in the portfolio), Kensington (a 12% year-over-year increase in gold output), and Wharf (10% year-over-year increase in gold […]

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Why Tilray Stock Popped 22.2% Today

What happened Marijuana stock Tilray (NASDAQ: TLRY) increased in value by more than a fifth today, closing the day up 22.2% — and for a most surprising reason. Early Tuesday morning, Tilray announced that it has brought on former Revlon executive Jon Levin to serve as its new Chief Operating Officer and former Molson Coors executive […]

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Why Chico’s Stock Soared Today

What happened Shares of Chico’s FAS (NYSE: CHS) were up 11.6% as of 11:30 a.m. EDT Thursday after the clothing retailer increased its fourth-quarter outlook. So what Chico’s now expects both Q4 net sales and comparable-store sales to be roughly flat on a year-over-year basis, up from management’s previous guidance — which was provided in […]

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Why Walgreens Boots Alliance Shares Are Sinking Today

What happened Shares of Walgreens Boots Alliance (NASDAQ: WBA) were sinking 6% lower as of 11:27 a.m. EST on Wednesday. The decline came after the pharmacy retailer and wholesaler announced disappointing fiscal year 2020 first-quarter results before the market opened. Walgreens reported Q1 revenue of $34.3 billion, up 1.6% year over year. The consensus analysts’ […]

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Why Beyond Meat Stock Popped 12.5% Today

What happened Something strange just happened. On Tuesday, Impossible Foods, Beyond Meat‘s (NASDAQ: BYND) arch-rival in plant-based “meat,” announced that it’s expanding its offering of fake meats to include plant-based pork products, including sausage — a category that up until now Beyond Meat has dominated. Yet Beyond Meat stock began rising as soon as the market […]

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Here’s Why DURECT Jumped Higher Today

What happened Shares of DURECT (NASDAQ: DRRX) are up 8% at 11:54 a.m. EST, having increased as much as 12% today, as investors jump in ahead of a Food and Drug Administration advisory committee meeting to review its pain drug Posimir scheduled for release Jan. 16. So what The original marketing application for Posimir was […]

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Why Qiagen Stock Crashed 24% Today

What happened Shareholders in Qiagen (NYSE: QGEN), a maker of diagnostic tests, had a November to remember, as buyout speculation (confirmed by management) helped to drive the stock up more than 43%. Today, though, Qiagen is giving back much of that gain — down 24.4% as of 10:15 a.m. EST on Thursday — and it has […]

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Why Aurinia Pharmaceuticals Stock Soared 12.2% Today

What happened After reporting favorable pricing for its previously disclosed equity offering, shares in Aurinia Pharmaceuticals (NASDAQ: AUPH) rallied 12.2% on Tuesday. So what It’s been a busy week for Aurinia’s investor relations team. On Dec. 4, the company reported positive phase 3 trial results for voclosporin, combined with Roche‘s CellCept and low-dose corticosteroids, in lupus nephritis […]

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Why Express Shares Popped Today

What happened Shares of Express, Inc. (NYSE: EXPR), the mall-based fashion chain, were climbing for the third session in a row today, following a better-than-expected earnings report last week that also included upbeat guidance for the holiday quarter. The surprising move has come as the stock has been mostly forgotten by investors, steadily decling in recent […]

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