Norway's benchmark stock index, the Oslo OBX, ended Thursday's session 1.00% lower, dragged down by significant losses in the transport and media sectors amid falling oil prices.
The options market is projecting a 4.5% move in either direction for Abbott Laboratories stock following its quarterly earnings release on July 16. An analysis of past reports shows the stock has often surpassed these volatility expectations.
Options traders are anticipating a potential 4.9% move in Alcoa Corp. shares following its July 16 earnings report, though historical data shows the stock has often exceeded such expectations.
Shares of medical device maker InMode are trading higher after shareholder Steel Partners submitted a formal acquisition offer of $16.75 per share, topping a rival bid from a group led by the company's CEO and escalating a takeover battle.
Shares of Micron Technology are climbing sharply, rebounding from a recent correction as investors focus on the company's record earnings, bullish analyst targets, and robust industry-wide demand for AI memory chips.
Shares of Nixxy Inc. declined after the AI infrastructure company announced its board chairman, David Kratochvil, will take over as chief executive officer, consolidating the two top leadership roles.
Arete Research downgraded Paramount to 'Sell' and slashed its price target to a Street-low $2, citing concerns over the massive debt burden from the company's proposed merger with Warner Bros. Discovery.
Shares of battery manufacturer Enovix jumped over 17% after the company named Dr. Michael Vyvoda, a former Apple executive who helped scale AirPods production, as its new Chief Operating Officer.
Enovix and Forte Biosciences posted double-digit gains in premarket trading on company-specific news, while PepsiCo shares fell after its quarterly earnings per share missed analyst expectations.
