Pan American Silver (PAAS) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-06-12 23:16
Pan American Silver (PAAS) closed the most recent trading day at $28.96, moving +1.05% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.38%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.24%. The stock of silver mining company has risen by 26.76% in the past month, leading the Basic Materials sector's gain of 4.23% and the S&P 500's gain of 6.6%.Analysts and investors alike will be keeping a close eye on the performance of ...
Pacific Biosciences of California (PACB) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-06-12 23:16
Group 1 - Pacific Biosciences of California (PACB) ended the recent trading session at $1.18, with a +1.72% change from the previous day's closing price, outperforming the S&P 500's daily gain of 0.38% [1] - The company has seen a 5.45% increase in its share price over the past month, while the Medical sector gained 4.64% and the S&P 500 gained 6.6% during the same period [1] Group 2 - The upcoming financial results for Pacific Biosciences are anticipated to show an EPS of -$0.18, reflecting a 10% growth compared to the same quarter last year, with a revenue forecast of $36.46 million, indicating a 1.26% growth year-over-year [2] - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.64 per share and revenue of $155.12 million, representing shifts of +22.89% and +0.72% respectively from the previous year [3] Group 3 - Recent modifications to analyst estimates for Pacific Biosciences indicate shifting dynamics in short-term business patterns, with upward revisions reflecting analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which assesses estimate changes, currently places Pacific Biosciences at a Zacks Rank of 3 (Hold), with an 8.36% increase in the consensus EPS estimate over the last 30 days [6] Group 4 - The Medical - Instruments industry, which includes Pacific Biosciences, has a Zacks Industry Rank of 143, placing it within the bottom 42% of over 250 industries, indicating relative underperformance compared to higher-ranked industries [7]
SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Elevance
GlobeNewswire News Room· 2025-06-12 23:14
Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Elevance Health, Inc. due to allegations of violations of federal securities laws related to misleading statements about Medicaid cost trends and earnings guidance [3][5]. Group 1: Allegations and Legal Actions - The complaint alleges that Elevance and its executives made false and misleading statements regarding their monitoring of Medicaid cost trends and the adequacy of premium rates negotiated with states [5]. - The company acknowledged rising Medicaid expenses but assured investors that these were adequately reflected in their guidance for the year [5]. - A federal securities class action has been filed against Elevance, with a deadline of July 11, 2025, for investors to seek the role of lead plaintiff [3][9]. Group 2: Financial Impact and Stock Performance - On July 17, 2024, Elevance disclosed an expectation of increased second-half utilization in Medicaid, leading to a stock price decline of $32.21 per share, or 5.8% [6]. - Following the announcement of third-quarter financial results on October 17, 2024, Elevance missed consensus EPS expectations by $1.33, or 13.7%, due to elevated medical costs in its Medicaid business [7]. - The company subsequently lowered its EPS guidance for 2024 from $37.20 to $33.00, or 11.3%, resulting in a further stock price decline of $52.61 per share, or 10.6% [8].
First Hydrogen Corp. Provides Update on Canada Postal Negotiations and Voting at the Company's 2025 Annual General Meeting
Newsfile· 2025-06-12 23:10
Company Update - First Hydrogen Corp. is advising shareholders to vote by internet or phone due to ongoing Canada Postal negotiations and the proxy cut-off time of 10 a.m. Pacific Time on July 16, 2025, ahead of the annual general meeting on July 18, 2025 [2] - Detailed voting instructions are available on the company's website and shareholders must contact Computershare Trust Company of Canada for a control number before voting [3][4] Company Overview - First Hydrogen Corp. is focused on zero-emission vehicles and green hydrogen production and distribution, with operations in Vancouver, Montreal, Germany, and London [5] - The company has designed and built two hydrogen fuel-cell-powered light commercial vehicles (FCEV) that are road-legal in the UK, having completed 6,000 km of testing and achieving a range of over 630 kilometers on a single refueling [5]
Carvana (CVNA) Stock Sinks As Market Gains: Here's Why
ZACKS· 2025-06-12 23:01
Group 1 - Carvana's stock closed at $318.95, reflecting a decrease of -6.28% from the previous day's closing price, while the S&P 500 gained 0.38% [1] - Over the past month, Carvana's shares have increased by 11.39%, outperforming the Retail-Wholesale sector's gain of 2.95% and the S&P 500's gain of 6.6% [1] Group 2 - Carvana is expected to report earnings of $1.11 per share, indicating a year-over-year growth of 692.86%, with projected revenue of $4.55 billion, a 33.38% increase from the same quarter last year [2] - For the annual period, earnings are anticipated to be $4.91 per share and revenue $17.96 billion, reflecting increases of +208.81% and +31.37% respectively [3] Group 3 - Recent analyst estimate revisions for Carvana suggest positive sentiment regarding the company's business and profitability [3] - The Zacks Rank system, which indicates a 1 (Strong Buy) rating for Carvana, has shown an average annual return of +25% for 1 stocks since 1988 [5] Group 4 - Carvana's Forward P/E ratio is currently 69.31, significantly higher than the industry average of 25, indicating a premium valuation [6] - The company has a PEG ratio of 1.35, aligning with the average PEG ratio for Internet-Commerce stocks [7] Group 5 - The Internet-Commerce industry, part of the Retail-Wholesale sector, holds a Zacks Industry Rank of 74, placing it in the top 31% of over 250 industries [7][8]
MakeMyTrip (MMYT) Laps the Stock Market: Here's Why
ZACKS· 2025-06-12 23:01
MakeMyTrip (MMYT) ended the recent trading session at $100.42, demonstrating a +1.67% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.38%. Meanwhile, the Dow experienced a rise of 0.24%, and the technology-dominated Nasdaq saw an increase of 0.24%. The stock of online travel company has fallen by 6.01% in the past month, lagging the Computer and Technology sector's gain of 11.61% and the S&P 500's gain of 6.6%.The investment community will be pay ...
PPL (PPL) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-06-12 23:01
In the latest close session, PPL (PPL) was up +1.78% at $34.38. The stock's change was more than the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.24%. Coming into today, shares of the energy and utility holding company had gained 0.78% in the past month. In that same time, the Utilities sector gained 0.15%, while the S&P 500 gained 6.6%. The investment community will be closely monitoring the performance of PPL in its forthcoming earnings report. O ...
Louisiana-Pacific (LPX) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2025-06-12 23:01
Louisiana-Pacific (LPX) closed at $90.46 in the latest trading session, marking a +1.64% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.38%. At the same time, the Dow added 0.24%, and the tech-heavy Nasdaq gained 0.24%. Shares of the home construction supplier have depreciated by 3.99% over the course of the past month, underperforming the Construction sector's gain of 3.24%, and the S&P 500's gain of 6.6%.Market participants will be closely following the financial results of Loui ...
Western Union (WU) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-06-12 23:01
Western Union (WU) closed at $9.13 in the latest trading session, marking a -1.3% move from the prior day. This change lagged the S&P 500's daily gain of 0.38%. Elsewhere, the Dow saw an upswing of 0.24%, while the tech-heavy Nasdaq appreciated by 0.24%. Shares of the money transfer company have depreciated by 4.15% over the course of the past month, underperforming the Business Services sector's gain of 3.09%, and the S&P 500's gain of 6.6%.The investment community will be paying close attention to the ear ...
Tyler Technologies: A Strong Contender in Government Software Solutions
The Motley Fool· 2025-06-12 23:00
Anand Chokkavelu, CFA has no position in any of the stocks mentioned. Emily Flippen, CFA has no position in any of the stocks mentioned. Jason Moser has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Tyler Technologies. The Motley Fool has a disclosure policy. ...