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GameStop (GME) Stock Surged 7.52% As Cohen Is Its New CEO

The GameStop Corp (NYSE: GME) stock price surged 7.52% on news that it had appointed activist investor Ryan Cohen as its new CEO, Chairman and President. Ryan will assume his new roles immediately and will not receive a salar

Simon Mugo
Deliveroo Shares Gapped Up 9.66% on £250 Million Tender Offer

The Deliveroo PLC (LON: ROO) share price gapped 9.66% after unveiling a plan to return up to £250 million to its shareholders via a tender offer. The company plans to purchase up to 217,391,304 A Ordinary Shares from qualifyi

Simon Mugo
Ocado Shares Fell 23.3% in a Week After Key Analyst Downgrade

The Ocado Group PLC (LON: OCDO) share price has fallen 23.26% in the week following a significant downgrade from Andrew Glynn, an analyst at BNP Paribas Exane. Andrew is a former bear whose last rating on Ocado was ‘neutral’

Simon Mugo
Ceres Power (CWR) Shares Traded Flat on Its Interim H1 Results

The Ceres Power Holdings plc (LON: CWR) share price was trading flat after releasing its interim financial results for the six months ended 30 June 2023. The company's revenues increased by 17% to £11.3 million from £9.7 mill

Simon Mugo
Avacta Shares Fell 5.1% on Interim Results and AVA6000 Progress

The Avacta Group Plc (LON: AVCT) share price fell 5.10% after releasing its interim results for the six months ended 30 June 2023. The company generated revenues worth £11.9 million, significantly improving from the £5.5 mill

Simon Mugo
US Dollar Index: DXY Rises to New Highs Amid Record-High Yields

The US Dollar Index today hit new 10-month highs above 106.48. It was headed higher, printing new year-to-date highs as the US dollar strengthened against its peers boosted by the country’s robust economy, increasing its appe

Simon Mugo
Rivian (RIVN) Stock Price Rose 1.62% on an Optimistic Analyst Note

The Rivian Automotive Inc (NASDAQ: RIVN) stock price rose 1.62% on reports that the EV startup was outdoing some of its peers as it accounts for 2.8% of the EV market in the US. The data provided by Experian indicated that Ri

Simon Mugo
Immunovant (IMVT) Stock Edges Higher After 97% Rally on Trial Results

The Immunovant Inc (NASDAQ: IMVT) stock price was edging higher premarket after yesterday’s massive rally triggered by the release of upbeat clinical trial results from the Phase 1 clinical trial of IMVT-1402, which has been

Simon Mugo
SIMEC Atlantis (SAE) Share Price Rallied 10% on £4.5M H1 Profit

The SIMEC Atlantis Energy Ltd (LON: SAE) share price rallied 10% after releasing its interim results for the six months ended 30 June 2023. The company revealed that it generated a profit before tax of £4.5 million, marking a

Simon Mugo
Amigo Holdings (AMGO) Loans Surged 57% on Its AGM Statement

The Amigo Holdings PLC (LON: AMGO) share price surged 57.1% after releasing the statement to be made at its annual general meeting (AGM) scheduled for today. The company noted that it is was continuing the orderly wind-down o

Simon Mugo
Flutter Ent. (FLTR) Shares Rose 1.41% on the MaxBet Acquisition

The Flutter Entertainment PLC (LON: FLTR) share price rose 1.41% after announcing that it had acquired a 51% stake in MaxBet, the no.2 omnichannel sports betting and gaming operator in Serbia, for a cash payment of €141 milli

Simon Mugo
Ithaca Energy (ITH) Shares Rose 8.52% on Rosebank Development

The Ithaca Energy PLC (LON: ITH) share price rose 8.52% after announcing that the company, together with its operating partner Equinor, had finally decided to move forward with Phase 1 of the Rosebank development on the UK Co

Simon Mugo
USDJPY Faces Resistance Ahead of a Critical Level on Dovish BoJ

The USDJPY currency pair appears poised to extend its upward trajectory towards the critical psychological level of 150.00, underpinned by the Bank of Japan's (BoJ) persistent commitment to a dovish stance on interest rates.

Simon Mugo
Roivant Sciences (ROIV) Stock Price Rallied 20.2% on Trial Data

The Roivant Sciences (NASDAQ: ROIV) stock price rallied 20.18% after its subsidiary Immunovant reported upbeat Phase I clinical trial data. The data was related to IMVT-1402, a drug candidate targeted at patients with autoimm

Simon Mugo
Amazon.com (AMZN) Stock Edged Lower Despite $4bn AI Investment

The Amazon.com, Inc. (NASDAQ: AMZN) stock price edged lower despite the company announcing yesterday that it has committed to investing up to $4 billion in Anthropic, an AI startup, as part of the mad rush by leading tech com

Simon Mugo
Allergy Therapeutics (AGY) Shares Traded Flat Despite Trial News

The Allergy Therapeutics plc (LON: AGY) share price was trading flat for the day despite the company announcing that it had completed dosing healthy volunteers within the first two cohorts of its Phase I PROTECT trial. The tr

Simon Mugo
THG Shares Rose 8.19% After Founder Gave Up His Veto Powers

The THG PLC (LON: THG) share price was trading up 8.19% after the company’s founder Matt Moulding announced that he had given up his special share, which al

Simon Mugo
British Airways Owner (IAG) Shares Rallied 5.2% on Q1 FY23 Results

The International Consolidated Airlines Grp SA (LON: IAG) share price rallied 5.2% after releasing its Q1 2023 results, which saw it swing to a €9 million p

Simon Mugo
IAG Shares Have Risen 30.4% YTD and Are Rising. What’s Next?

The International Consolidated Airlines Grp SA (LON: IAG) share price has risen 30.4% this year and is on track to recoup all its losses and reclaim its yea

Simon Mugo
IAG Shares Are Up 24.1% This Year. Will the Uptrend Continue?

The International Consolidated Airlines Grp SA (LON: IAG) share price has risen 24.11% since the year began but is currently trading below its recent lows.

Simon Mugo
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