Rahul D. Ballal, a director at Enliven Therapeutics, Inc. (NASDAQ:ELVN), recently made headlines in the market by selling 13,278 shares of the company’s common stock. This transaction took place on March 20, 2024, with Ballal disposing of the shares at prices ranging from $19.005 to $19.405, resulting in a total sale amount of approximately $254,462.
0 Comments
Nike, the popular sneaker brand, fell 7% in midday trading following a soft outlook for the full year and reports of slowing sales in China. Despite beating expectations on both the top and bottom lines in its latest quarter, the company’s stock took a hit as investors reacted to the news. Athleisure company Lululemon saw
0 Comments
Consumer Portfolio Services, Inc. (NASDAQ:CPSS) recently finalized a $50 million securitization deal involving residual interests from its previous securitizations. The company sold asset-backed notes to a qualified institutional buyer, with the notes secured by an 80% interest in a CPS affiliate. This affiliate holds residual interests in five CPS securitizations issued between January 2022 and
0 Comments
Stellantis, the automaker formed through the merger of Fiat Chrysler and PSA Groupe, is facing challenging market conditions that have led to the decision to lay off approximately 400 salaried employees in the U.S. The layoffs will affect employees in the engineering, technology, and software units, representing about 2% of the total workforce in those
0 Comments
The Justice Department’s top antitrust official recently stated that Apple shareholders should push the company to “compete on the merits.” This call for fair competition comes in the wake of a lawsuit filed by the government against Apple for alleged anticompetitive practices. Jonathan Kanter emphasized on CNBC’s “Squawk Box” that competition based on merit is
0 Comments
Nike, the iconic sneaker brand, experienced a 6.2% slump in its stock after reporting slowing growth in China in its fiscal 2024 third quarter. Despite posting better-than-expected quarterly earnings and revenue, Nike faced challenges with its Chinese market. The company’s North American sales and price changes helped to boost its overall performance, but the concerns
0 Comments
Ghostbusters: Frozen Empire, Sony’s sequel to Jason Reitman’s Ghostbusters: Afterlife, had an impressive start with $4.7M from Thursday night previews at 3,561 theaters. This figure is comparable to the previews of the previous installment, Ghostbusters: Afterlife, which opened during the pre-Thanksgiving 2021 frame amidst lingering Covid fears. The movie also surpassed the previews of the
0 Comments
The ongoing legal battle between sports merchandise giant Fanatics and sportsbook giant DraftKings has taken a contentious turn. Fanatics has accused DraftKings of distorting reality and engaging in character assassination of its former senior vice president of business development, Michael Hermalyn. The accusations stem from Hermalyn’s move to Fanatics in February to take on the
0 Comments
As A24’s latest dystopian U.S. movie, Civil War, approaches its release date of April 12-14, industry analysts are predicting an opening weekend box office of $18M-$24M. This estimate comes at a time when the film industry is still recovering from the effects of the recent strike, making it difficult to accurately forecast audience turnout. Despite
0 Comments