STOCK TITAN

Stock Market News 2024-08-29

671 news published.

Today's stock market highlights showcase significant developments across various sectors, featuring noteworthy news from Mastercard, Cool Company, Viridien, 111, Inc., Noah Holdings, Aurora Mobile, KANZHUN LIMITED, Humana, Diodes Incorporated, MIND Technology, Gap Inc., JE Cleantech Holdings, Cognyte Software, First Watch, iLearningEngines, Sigma Lithium, IPG Photonics, NuCana, Autodesk, 3D Systems, A-Mark Precious Metals, ARCA biopharma, Koss Corporation, Cango Inc., CareTrust REIT, Algoma Steel Group, Tamboran Resources, and Metagenomi. Mastercard's groundbreaking initiative seeks to enhance online shopping security with its Payment Passkey Service. Cool Company reported a total operating revenue of $83.4 million but experienced a net income decrease to $26.51 million. Viridien secured a contract in seismic technology, while 111, Inc. showcased operational profitability with net revenues of RMB3.4 billion (US$471.2 million). Noah Holdings announced a $50 million share repurchase program, emphasizing growth from overseas markets. Aurora Mobile revealed significant financial improvements, contributing to a positive market day. KANZHUN LIMITED upsized its share repurchase program to $350 million, reflecting confidence in its growth trajectory. Gap Inc. reported robust second quarter fiscal 2024 results with net sales rising 5% to $3.7 billion and an improved operating margin of 7.9%, prompting the company to raise its fiscal outlook. Cognyte Software received backing from major shareholders for proposals addressing poor performance concerns ahead of its upcoming AGM. Furthermore, JE Cleantech Holdings regained compliance with Nasdaq's bid price requirement, ensuring its continued listing on the exchange. IPG Photonics (IPGP) completed the sale of its Russian operations for $51 million, marking a full exit from Russia amid ongoing sanctions, with expected impacts on Q3 revenue. Read More NuCana plc (NCNA) discontinued its Phase 2 study for colorectal cancer treatment, though it remains focused on other promising development programs. Read More Autodesk (ADSK) reported robust fiscal 2025 Q2 results with revenue growing 12% to $1.51 billion, prompting the company to raise its financial guidance across key metrics. Read More 3D Systems (DDD) reported a Q2 revenue of $113.3 million, although it faced a net loss, prompting an update to its 2024 outlook with projected full-year revenues between $450 million - $460 million. Read More A-Mark Precious Metals (AMRK) achieved preliminary results for fiscal Q4 and full year 2024, with $9.7 billion in revenues and preliminary diluted EPS of $2.75. Despite softer market conditions, the company demonstrated profitability, highlighting strong gross profit increases and international growth efforts. Read More In a significant development, ARCA biopharma (ABIO) completed its merger with Oruka Therapeutics, resulting in a new company that will trade under the symbol ORKA starting September 3, 2024. Shareholders received a special dividend, and the company will undergo a 1-for-12 reverse stock split. Read More Koss Corporation (KOSS) reported its Q4 and fiscal year 2024 results, with Q4 sales down 5.9% to $2.9 million and a net loss of $110,369. Full-year sales declined 6.4% to $12.3 million, attributed to lower demand but with significant growth in the Education sector and E-tailer sales. Read More Cango Inc. (CANG) reported its Q2 2024 results, with total revenues falling to RMB45.1 million (US$6.2 million) but net income rising by 137.5% to RMB86.0 million (US$11.8 million). The company is focusing on enhancing its platforms while maintaining financial stability. Read More CareTrust REIT (CTRE) announced the acquisition of two skilled nursing facilities totaling a $62.1 million investment, aiming for significant annual base rent returns. The company has also initiated a new $750 million ATM program. Read More Algoma Steel Group (ASTL) renewed its normal course issuer bid to repurchase shares, a strategic move to benefit shareholders amid market fluctuations. Read More Tamboran Resources (TBN) has commenced its Shenandoah South Pilot Project drilling program, targeting the Middle Velkerri B Shale, with initial flow test results expected in Q1 2025. Read More In notable biotech advancements, Metagenomi (MGX) presented its AI-enabled SMART Editing Platform at the CRISPR Frontiers Conference, highlighting AI-generated compact SMART nucleases for robust genome editing in mammalian cells. This innovative approach, employing a metagenomics database of over 11 billion proteins, may accelerate drug development and broaden therapeutic applications. Read More These developments underscore the increasing importance of security in online transactions, innovative advancements in biotechnology, and community engagement, while also highlighting various companies' strategic measures in navigating industry challenges. The introduction of operational efficiency enhancements and significant revenue growth across consumer segments illustrate a concerted effort across sectors to bolster resilience amid a rapidly evolving economic landscape.

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2024-08-28 2024-08-30
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CNC : NYSE
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08/29/2024 04:10 PM
CCBG : Nasdaq
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KINS : Nasdaq
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RGNX : Nasdaq
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KTHN : OTC
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UTZ : NYSE
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DAVE : Nasdaq DAVEW : Nasdaq
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CARG : Nasdaq
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08/29/2024 04:02 PM
OKTA : Nasdaq
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SOL : NYSE
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CHR : Nasdaq GSMGW : Nasdaq
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FORM : Nasdaq
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QYOUF : OTC
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CYTK : Nasdaq
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CULP : NYSE
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XRX : Nasdaq
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FMCC : OTC
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08/29/2024 11:25 AM
MTH : NYSE
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08/29/2024 11:00 AM
OAIA : NYSE
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MIND : Nasdaq MINDP : Nasdaq
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OPEN : Nasdaq
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PPLL : OTC
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IVDA : Nasdaq
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EDR : NYSE TKO : NYSE
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GAIA : Nasdaq
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BETRF : OTC
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INTWF : OTC
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ETNB : Nasdaq
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LSANF : OTC
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MYND : NYSE
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ARMK : NYSE
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NTBL : Nasdaq
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THCH : Nasdaq THCHW : Nasdaq
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ADAG : Nasdaq
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QTTB : Nasdaq
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08/29/2024 06:55 AM
PWR : NYSE
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AGI : NYSE
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08/29/2024 06:30 AM
DCO : NYSE
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08/29/2024 04:00 AM
OCS : Nasdaq
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08/29/2024 01:00 AM
WKEY : Nasdaq
low float penny stock
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2024-08-28 2024-08-30

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