Shares of the senior living operator fell sharply after its June occupancy report showed a key metric remained flat compared to May, overshadowing year-over-year gains and a record for monthly move-ins.
Morgan Stanley upgraded Lenovo to Overweight and hiked its price target to HK$30, arguing that AI is creating a structural supply constraint in memory that allows the tech giant to pass on costs and expand margins.
Shares of Unity Software surged after Wells Fargo raised its price target and the company set a date for its upcoming Q2 earnings report, supported by a positive market backdrop for tech stocks.
Shares of the game engine developer surged after Wells Fargo raised its price target and the company set a firm date for its second-quarter earnings release, building on recent fundamental strength.
Vessel traffic through the critical Strait of Hormuz has declined after the U.S. and Iran exchanged military strikes, threatening a recent truce and pushing oil prices toward weekly gains of 4-5%.
Shares of CCC Intelligent Solutions surged in premarket trading following reports of a potential sale, while Silo Pharma and Fermi America saw significant declines after announcing new capital-raising initiatives that raised concerns about shareholder dilution.
China has implemented an immediate temporary ban on helium exports, a move aimed at securing domestic supply for its semiconductor industry as renewed Middle East conflict threatens the global market for the critical gas.
Stifel raised its rating on Shopify to Buy and lifted its price target to $150, viewing the stock's recent decline as an attractive entry point and highlighting significant growth in key segments.
A series of military strikes between the U.S. and Iran in the critical Strait of Hormuz has injected fresh volatility into energy markets, though an initial price spike has since moderated.
