A major blockchain trial is moving toward implementation in Chile. Revealed today, global tech giant IBM is making public a project with the Santiago Stock Exchange that will find Latin America’s third-largest stock exchange incorporating a blockchain-based securities lending solution built jointly by the two companies. As explained by IBM, …
Talk about ending a year with a bang: Open-source software leader Red Hat (NYSE: RHT) absolutely nailed its fourth quarter and fiscal 2016, which it reported Monday after the close, and its stock jumped more than 6% Tuesday morning in response to the good news.
After nosediving 16% the day after it announced disappointing fourth-quarter and full 2016 results on Feb. 2, FireEye (NASDAQ: FEYE) stock has just about recovered to its pre-earnings release levels of $12.97 a share. In the last five trading days alone, FireEye’s valuation has increased 18%.
EU regulators block London Stock Exchange’s £21bn merger with German stock exchange Deutsche Boerse.
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The good news keeps coming for Micron Technology (NASDAQ: MU) shareholders. After the company announced impressive fiscal second-quarter results that beat analysts’ expectations, and raised its guidance for the balance of 2017, Micron’s stock popped by more than 12% in early Friday trading.
Campbell Soup (NYSE: CPB) is opening the corporate coffers to buy its own stock. The company announced that its board of directors has authorized a fresh share repurchase program for up to $1.5 billion in buybacks. The authorization kicks in on May 1, and has no expiration date (although Campbell Soup stressed that the program can be suspended or halted at any time).
Though its stock price inched up Wednesday, Synaptics (NASDAQ: SYNA) shareholders took a beating on Tuesday for what appeared to be no valid reason. Turns out, one of its competitors in the fingerprint sensor market, Sweden-based Fingerprint Cards, recently announced it’s expecting a less than stellar quarter and year due to “short-term challenges [that] are expected to continue in Q2.” One result of Fingerprint Cards’ lowered expectations was a nearly 8% stock price nosedive for Synaptics.
The market’s newest retail stock, J. Jill (NYSE: JILL) did not have an auspicious debut on the New York Stock Exchange. In the first day of trading after its IPO, the stock dipped to close almost 3% lower than its offer price of $13 per share. The women’s apparel purveyor was brought to market by its majority owner, private equity firm TowerBrook Capital Partners.
Snap’s (NYSE: SNAP) first day as a publicly traded stock was a smashing success. After its IPO price was set at $17, the company’s shares rose by 44% on the day to close at $24.48 per share. Snap’s stock market debut is the highest-profile, and most expensive, IPO so far this year; it well eclipses the previous No.