Owens & Minor (NYSE: OMI) got off to a great start in 2020, with its shares soaring more than 30% as of earlier this week. But that momentum has now come to a screeching halt.
General Electric Co predicted on Wednesday that the coronavirus would wipe out a substantial chunk of industrial free cash flow in the first quarter, but stuck to full-year financial targets the company set in January.
In trading on Wednesday, shares of Simply Good Foods Company (Symbol: SMPL) touched a new 52-week low of $18.27/share. That's a $13.07 share price drop, or -41.70% decline from the 52-week high of $31.34 set back on 09/09/2019. Large percentage drops always require that the
Campbell Soup Company (NYSE: CPB) shares surged 7% on Wednesday following the release of its fiscal second-quarter numbers, reaching new 52-week highs as a result. The food giant topped revenue and earnings estimates for the three month stretch ending in late January, and unders
Apple (NASDAQ: AAPL) chip supplier Skyworks Solutions (NASDAQ: SWKS) announced on Wednesday that it was slashing its revenue and earnings forecast for the current fiscal quarter due to falling demand brought on by the COVID-19 outbreak. The company noted that while there had bee
Hewlett Packard Enterprise Co and Advanced Micro Devices Inc on Wednesday said they had won a $600 million deal to deliver a supercomputer that will be used by the U.S. Department of Energy's nuclear security arm to support the nation's nuclear arsenal.
Health-insurance stocks are gaining as investors reason that Biden’s success makes its less likely that Sen. Bernie Sanders’s Medicare for All plan will become law.
Global banks and small investment firms in Europe are urging staff to work from home and curb travel as the financial industry braces for disruption from the rapidly spreading coronavirus outbreak.
Facebook (NASDAQ: FB) is reportedly mulling an overhaul of its Libra cryptocurrency in a bid to appease regulators who have expressed skepticism about the social media giant's entrance into the unregulated digital token market.