Reliance Stock Rises 13% in 3 Months: What's Driving the Rally?
ZACKS· 2025-06-11 15:51
Key Takeaways RS Q1 shipments rose 9% year over year, aided by strong mill ties and advance metal purchases. Gross margins expanded in Q1 as pricing improved and construction demand remained strong. RS expects 3-5% Y/Y volume growth in Q2, and raised its dividend for the 32nd time since its 1994 IPO.Reliance, Inc. (RS) shares have gained 12.7% over the past three months. The company has also outperformed the Zacks Mining-Miscellaneous industry’s 9.6% rise and the S&P 500’s roughly 7.4% increase over the s ...
Google expands voluntary buyout offers, orders some remote workers to return to office amid AI race
New York Post· 2025-06-11 15:46
Google is offering a fresh round of buyouts to some employees and cracking down on remote workers as it shifts more resources toward the artificial intelligence race, the company confirmed on Wednesday.The Big Tech giant, led by CEO Sundar Pichai, ordered remote workers on some teams to spend at least three days in the office per week. The mandate applies to remote workers who live within 50 miles of an office. “A number of teams are also asking remote employees who live near an office to return to a hybrid ...
BIC: Governance Evolution - BIC announces the appointment of Rob Versloot as CEO
Globenewswire· 2025-06-11 15:44
GOVERNANCE EVOLUTION AT BIC BIC announces the appointment of Rob Versloot as CEO Clichy, France – June 11th, 2025 – Following a thorough and diligent selection process led by the Succession Committee, the Board of Directors of Société BIC, chaired by Edouard Bich, decided to appoint Rob Versloot as Chief Executive Officer, effective September 15th, 2025. The Board of Directors is pleased to welcome Rob Versloot as the new CEO of BIC. With a distinguished international career and a proven track record of ...
Victoria's Secret is cutting back on deals and discounts as tariffs hit its business
Business Insider· 2025-06-11 15:42
Core Viewpoint - Victoria's Secret is planning to reduce promotional deals to mitigate the impact of tariffs on its operating income, which is expected to decrease by $50 million in the 2025 fiscal year due to these tariffs [2][5]. Group 1: Tariff Impact - President Trump's tariffs are projected to significantly affect Victoria's Secret's operating income, with an estimated hit of $50 million during the 2025 fiscal year [2]. - The company is currently facing a 30% tariff on imports from China and a 10% tariff on many goods from other countries, which has prompted a reevaluation of its sourcing and pricing strategies [5]. Group 2: Promotional Strategy Changes - The CFO, Scott Sekella, indicated that the company will optimize its promotions, leading to fewer gift-with-purchase deals and a reduction in traditional discounts [3][4]. - Victoria's Secret will adopt a "strategic, case-by-case" approach to price increases in response to tariffs, rather than applying uniform price hikes across all product categories [4]. Group 3: Sourcing Adjustments - To offset the tariff impact, Victoria's Secret is exploring new suppliers and negotiating with existing ones to minimize costs [5]. - The company has already written off some raw materials sourced from China in the first quarter due to the tariffs [5].
ALAB Stock Shines as AI Infrastructure Ties With NVIDIA Deepen
ZACKS· 2025-06-11 15:41
Key Takeaways ALAB posted 144% year-over-year revenue growth in Q1 2025 across its AI-focused product lines. Astera Labs expanded its NVIDIA partnership for NVLink Fusion on Blackwell-based MGX platforms. ALAB joined the UALink Consortium to promote open interconnect standards for AI infrastructure.Astera Labs (ALAB) is gaining market as a critical enabler of next-generation AI and cloud infrastructure, driven by its expanding portfolio of high-performance connectivity solutions. In the first quarter of 2 ...
Nextensa NV/SA : Information on the total number of voting rights and shares
Globenewswire· 2025-06-11 15:40
PRESS RELEASE REGULATED INFORMATION Brussels, 11 June 2025, 5:40pm Nextensa NV/SA : Information on the total number of voting rights and shares In application of article 15 of the Law of 2 May 2007 on disclosure of major shareholdings, Nextensa (the 'Company') announces the following information following the grant of double voting rights to certain of the shares in the Company. Situation on 11 June 2025 : Total capital : EUR 111,856,017.40Total number of securities carrying voting rights : 10,171,130Num ...
URGN INVESTOR NOTICE: UroGen Pharma Ltd. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit
Prnewswire· 2025-06-11 15:40
Core Viewpoint - UroGen Pharma Ltd. is facing a class action lawsuit due to alleged violations of the Securities Exchange Act of 1934, with claims centered around misleading statements regarding the effectiveness of its lead product, UGN-102, and its clinical study design [1][3]. Company Overview - UroGen Pharma Ltd. specializes in developing and commercializing solutions for specialty cancers, with its primary product being UGN-102, an intravesical solution aimed at treating low-grade intermediate risk non-muscle invasive bladder cancer [2]. Allegations of the Lawsuit - The lawsuit claims that UroGen made false or misleading statements and failed to disclose critical information regarding the ENVISION clinical study for UGN-102, including: - The study was not designed to provide substantial evidence of effectiveness due to the absence of a concurrent control arm [3]. - UroGen's challenges in demonstrating that the duration of response was attributable to UGN-102 [3]. - Ignoring FDA warnings about the study design for the new drug application (NDA) [3]. - The substantial risk that the NDA for UGN-102 would not receive approval [3]. Impact of FDA Findings - On May 16, 2025, the FDA released a briefing document indicating concerns about the ENVISION study's design, stating that the primary endpoints were difficult to interpret due to the lack of a concurrent control arm. This led to a nearly 26% drop in UroGen's stock price [4]. - Following the FDA's Oncologic Drugs Advisory Committee vote against the approval of UGN-102 on May 21, 2025, citing unfavorable benefit-risk assessment, UroGen's stock price fell nearly 45% [5]. Lead Plaintiff Process - The Private Securities Litigation Reform Act of 1995 allows any investor who purchased UroGen securities during the class period to seek appointment as lead plaintiff in the lawsuit, representing the interests of all class members [6]. Law Firm Background - Robbins Geller Rudman & Dowd LLP is a leading law firm in securities fraud and shareholder litigation, having recovered over $2.5 billion for investors in 2024 alone, and is recognized for securing significant monetary relief for investors [7].
Spotify Stock Soars 124% in a Year: Time to Buy, Hold or Fold?
ZACKS· 2025-06-11 15:35
Key Takeaways Spotify's MAUs rose 10% and premium subscribers grew 12% in 1Q25, fueled by emerging markets. SPOT expects to add 11M MAUs and 5M premium users in Q2, reflecting strong engagement momentum. Despite revenue gains, SPOT's valuation, liquidity and profitability lag industry benchmarks.Spotify Technology S.A. (SPOT) shares have surged 123.7% in a year, outperforming the 37.3% rally of its industry and the 13.2% rise in the Zacks S&P 500 Composite.It is noteworthy that the SPOT stock has outperfo ...
CRISPR Therapeutics Gains 14% in a Month: How to Play the Stock?
ZACKS· 2025-06-11 15:35
Core Insights - CRISPR Therapeutics (CRSP) shares have increased by 14% over the past month, primarily due to positive results from its in vivo gene therapy candidates [1][10] Group 1: In Vivo Therapy Developments - CRSP reported promising initial results from its early-stage study on CTX310, a CRISPR-based gene therapy targeting ANGPTL3 for atherosclerotic heart disease, showing peak reductions of up to 82% in triglyceride levels and 81% in low-density lipoprotein levels [2][3] - The success of CTX310 has generated excitement for another in vivo candidate, CTX320, which targets lipoprotein(a) and is expected to release initial data by the end of the month [4] Group 2: Casgevy and Market Position - Casgevy, CRSP's approved ex vivo gene therapy for sickle cell disease and transfusion-dependent beta-thalassemia, has seen a steady uptake post-launch, with $14.2 million in product revenues recorded in Q1, up from $8 million in the previous quarter [6][8] - As of May 1, over 65 authorized treatment centers have been activated globally, with nearly 90 patients undergoing their first cell collection [8] Group 3: Future Pipeline and Competition - CRSP plans to expand its pipeline with two additional in vivo programs, CTX340 and CTX450, by the end of the year, while also advancing two next-generation CAR-T therapy candidates [12][13] - The company faces competition from other firms utilizing CRISPR technology, such as Beam Therapeutics and Intellia Therapeutics, which are developing their own therapies for similar indications [14][15] Group 4: Stock Performance and Valuation - CRSP shares have outperformed the industry and the S&P 500 Index, rising 9% year-to-date compared to a 1% decline in the industry [17] - The stock is currently trading at a price-to-book value (P/B) ratio of 2.03, which is lower than the industry average of 3.14, indicating a discount [20]
GameStop Q1 Earnings Beat Estimates, Collectibles Sales Improve Y/Y
ZACKS· 2025-06-11 15:35
Key Takeaways GME reported Q1 EPS of 17 cents, up from a loss of 12 cents in the prior-year quarter. Revenues dropped 16.9% y/y to $732.4M, with lower sales in most major categories. Sales in the collectibles segment soared 54.6% y/y to $211.5M.GameStop Corp. (GME) posted first-quarter fiscal 2025 results, wherein the top line missed the Zacks Consensus Estimate and declined year over year. On the contrary, the bottom line beat the consensus mark and improved from the year-ago period. Collectibles sales i ...