Why Newell Brands, TrueCar, and XPO Logistics Slumped Today

Friday was a good day on Wall Street, as positive news on the domestic political front spurred market participants to send stock benchmarks to substantial gains. Earnings season has reached its peak, but overall, investors have been a lot more comfortable with the idea that sustained economic growth could last further into 2019 than they were during the stock market's […]

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Why Pareteum Stock Jumped Friday

What happened Shares of cloud-based communications platform Pareteum (NASDAQ: TEUM) jumped on Friday. Shares gained as much as 17.9% but closed the trading day up 16.9%. Continue Reading Below The stock's gain follows two separate announcements of significant increases in the company's 36-month contract-revenue backlog. So what On Thursday, Pareteum announced $15 million in new 36-month contracts in the final […]

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Why Shares of Avalara Are Surging Today

What happened Shares of cloud-based tax compliance solutions provider Avalara (NYSE: AVLR) jumped on Wednesday after the company reported its fourth-quarter results. A revenue beat and in-line earnings were enough to propel the stock about 16.3% higher by noon EST. Continue Reading Below So what Avalara reported fourth-quarter revenue of $76.9 million, up 33% year over year and about $5.7 […]

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Why Anil Ambani wants Edelweiss banned from capital markets

Reliance Group, recently, accused L&T Finance and Edelweiss Group entities of “illegal” and “motivated” actions in invoking the pledged shares of Anil Ambani group’s three listed firms and selling them in open market causing a steep fall in share values. Anil Ambani-led Reliance Power has asked the Sebi to immediately ban Edelweiss Group from the capital market, alleging “illegal and […]

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Why Morgan Stanley's Buying Solium Capital

On Monday, Morgan Stanley (NYSE: MS) announced it was purchasing Canadian stock plan administrator Solium Capital for $900 million, and let's be honest: Before this week, odds are you'd never heard of the target company before. Also that day, Restaurant Brands International (NYSE: QSR) reported quarterly earnings, and in that case, most people are far better acquainted with its chains: […]

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Why NXP Semiconductors Shares Gained 18.8% in January

What happened Shares of NXP Semiconductors (NASDAQ: NXPI) rose 18.8% higher in January 2019, according to data from S&P Global Market Intelligence. The maker of embedded semiconductors generally floated along with a rising market but also took a bigger leap mid-month, when a buyout rumor made the rounds. Continue Reading Below So what According to South Korean investing site Invest […]

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Here's Why Coherus BioSciences Rose 48.7% in January

What happened Shares of Coherus BioSciences (NASDAQ: CHRS) gained nearly 49% last month, according to data provided by S&P Global Market Intelligence. The company announced a global settlement with AbbVie that will allow the small-cap biopharma to commercialize a biosimilar to Humira, which was developed as CHS-1420. The pair had previously sparred over patents related to formulating the antibody. Continue […]

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