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Grail Stock Is Deeply Oversold on Cancer Test Failings. Is There Any Hope Left to Buy the Dip?
Yahoo Finance· 2026-02-20 21:19
Grail (GRAL) shares were cut in half on Feb. 20 after the biotech firm said its highly anticipated NHS-Galleri clinical trial failed to meet its primary endpoint. As retail and institutional investors bailed on GRAL today, its 14-day relative strength index (RSI) crashed to 24, indicating a technical rebound was likely in the near term. More News from Barchart Still, investors are recommended against buying the dip in Grail stock, even though it looks like a bargain at about $49. www.barchart.com Sho ...
Here's Why Grail Stock Crashed 50% Today
Yahoo Finance· 2026-02-20 19:13
This isn't a good day for investors in Grail (NASDAQ: GRAL). The stock declined more than 50% by 1:30 p.m. today. The move comes on the day of its fourth-quarter earnings results, but more importantly, the release of its top-line results from a major trial of its Galleri multi-cancer early detection (MCED) test in England's National Health Service (NHS). As you have already surmised, the trial did not go as planned. What went wrong The first bullet point of the results release is what investors are focusi ...
Why Grail Stock Has Plunged 50% Despite Earnings Beat
Barrons· 2026-02-20 18:16
Why Grail Stock Has Plunged 50% Despite Earnings Beat - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# Why Grail Stock Has Plunged 50% Despite Earnings BeatBy [Mackenzie Tatananni]and [Callum Keown]ShareResize---ReprintsIn this article[GRAL] ...
Stock Market Today: Stocks Jump on Supreme Court Tariff Ruling; GDP, Inflation Data in Focus
Investopedia· 2026-02-20 17:00
Market Overview - Major stock indexes declined in premarket trading, influenced by economic reports affecting the Federal Reserve's interest rate decision [1] - Dow Jones Industrial Average futures were down 0.2%, S&P 500 futures also decreased, and Nasdaq 100 futures slipped 0.3% [1] Economic Indicators - The Personal Consumption Expenditures (PCE) price index rose 2.9% year-over-year in December, exceeding economists' expectations [2] - Core inflation increased to 3% from 2.8% in November, aligning with forecasts [2] - U.S. GDP grew at an annualized rate of 1.4%, significantly below expectations and down from 4.4% in the previous quarter [2] Treasury Yields - The 10-year Treasury yield rose slightly to 4.07% following the inflation and GDP reports, although yields are down slightly since the beginning of the year [3] Company Performance - Applovin (APP) shares rose 4% amid reports of developing a social media platform [4] - Grail (GRAL) shares fell nearly 50% after disappointing trial results for a cancer treatment [4] - Akamai Technologies (AKAM) shares dropped 8% due to first-quarter guidance falling short of estimates [4] Commodity Prices - West Texas Intermediate crude oil futures were slightly down at $66.25 per barrel [5] - Gold futures increased by about 1% to $5,050 per ounce, while silver gained 4% to trade at $80.65 per ounce [5] - Bitcoin was trading slightly below $67,000, down from earlier highs above $68,000 [5] - The U.S. dollar index slipped 0.1% to 97.80 [5]
Stocks Rebound as Supreme Court Strikes Down President Trump’s Tariffs
Yahoo Finance· 2026-02-20 16:25
The University of Michigan US Feb consumer sentiment index was revised lower by -0.7 to 56.6, weaker than expectations of no change at 57.3.US Dec new home sales fell -1.7% to 745,000, better than expectations of 730,000.The US Feb S&P manufacturing PMI fell -1.2 to 51.2, weaker than expectations of no change at 52.4.The US Dec core PCE price index (the Fed's preferred inflation gauge) rose +0.4% m/m and +3.0% y/y, stronger than expectations of +0.3% m/m and +2.9% y/y.US Dec personal spending rose +0.4% m/m ...
Futures Drop As Iran Tensions Rise, Data Deluge Looms
ZeroHedge· 2026-02-20 13:29
Market Overview - US equity futures are lower as traders assess the potential market impact of war with Iran and await significant US economic data including GDP and core PCE [1] - The S&P and Nasdaq futures are down 0.1% after trading positively overnight, with the "Magnificent Seven" stocks showing mixed performance [3] - Bond yields have reversed and are lower, while the USD remains flat; commodities show mixed results with base metals declining and precious metals, particularly gold, rallying above $5000 [1][11] Company Earnings and Stock Movements - Akamai Technologies (AKAM) shares fell 11% after a weaker-than-expected earnings outlook [3] - Ardelyx (ARDX) dropped 6% due to a softer sales forecast for its Ibsrela drug [3] - Copart (CPRT) fell 8% after reporting operating income that missed analyst estimates [3] - Floor & Decor (FND) rose 4% after exceeding earnings expectations for the fourth quarter [3] - Grail (GRAL) tumbled 47% after its cancer detection test failed to meet primary endpoints [3] - Harmonic (HLIT) increased by 9% due to strong book-to-bill ratios indicating growth potential [3] - Newmont (NEM) dropped 4% as it expects lower gold production this year [3] - Opendoor Technologies (OPEN) surged 19% after reporting better-than-expected revenue [3] - RingCentral (RNG) rose 10% after beating expectations and providing a positive forecast [3] - Texas Roadhouse (TXRH) increased by 4% as it anticipates positive sales growth [3] - Workiva Inc. (WK) gained 12% after reporting strong fourth-quarter results and optimistic forecasts [3] Economic Data and Inflation - Core personal consumption expenditure (PCE) data is expected to show an increase, which may influence interest rate decisions and the economic outlook [4] - Bloomberg Economics anticipates core inflation to accelerate, with a month-on-month increase of 0.32% in the core PCE deflator for December, raising the annual rate to 2.9% from 2.8% [4] - Wider inflation concerns are heightened by oil prices nearing a six-month high amid geopolitical tensions [5][6] Geopolitical Impact - The US military is deploying forces in the Middle East, with President Trump warning Iran of a limited strike if negotiations do not progress [6][35] - Geopolitical tensions have led to a cautious market sentiment, impacting stock performance and investor behavior [6][39]
Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their Losses
Businesswire· 2026-02-20 13:01
Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesFeb 20, 2026 8:01 AM Eastern Standard Time# Marriott Vacations Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information About Potentially Recovering Their LossesShare---SAN DIEGO--([BUSINESS WIRE])--Johnson Fistel, PLLP is investigating potential claims on behalf of investors of Marriott Vacations Worldwide Corporation (NYSE: VAC). The investigati ...
Stock market today: Dow, S&P 500, Nasdaq futures falter as US GDP cools, Fed-favored PCE inflation heats up
Yahoo Finance· 2026-02-20 00:01
Economic Data Summary - US economic growth in the fourth quarter of 2025 was reported at an annualized rate of 1.4%, significantly below the expected 2.9% [3][8][9] - The "core" personal consumption expenditures (PCE) index, the Federal Reserve's preferred inflation measure, increased by 0.4% in December, surpassing economists' expectations of 0.3% [4][5][6] - On an annual basis, the headline PCE rose by 2.9% and the core PCE by 3.0% in December, both slightly above forecasts [6] Market Reactions - S&P 500 futures fell approximately 0.3%, Dow Jones Industrial Average futures decreased by 0.2%, and Nasdaq 100 futures dropped by 0.5% [2] - Concerns about the private credit sector were heightened following Blue Owl's halt to withdrawals, which raised fears of a potential financial crisis [3] Company-Specific Updates - Chemours Co. reported a loss of $47 million in its fourth quarter earnings, leading to a 9% decline in its stock price [11][13] - Grail's stock plummeted over 40% after disappointing cancer trial results [12] - Live Nation's stock rose more than 3% following an 11% increase in fourth-quarter revenue to $6.31 billion, driven by a 12% gain in concert sales [13] - Opendoor's stock surged 14% after reporting a 46% increase in home acquisition volume, with revenue reaching $736 million, exceeding Wall Street estimates [16]
Stock market today: Dow, S&P 500, Nasdaq rise after Supreme Court strikes down Trump tariffs
Yahoo Finance· 2026-02-20 00:01
US stocks rose on Friday after the Supreme Court ruled that President Trump's sweeping "Liberation Day" tariffs are unlawful, saying he lacked the authority to impose them using emergency powers. The S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) both moved up 0.4%, coming off the end of a three-day winning streak on Thursday. The tech-exposed Nasdaq Composite (^IXIC) led the way higher, rising 0.6%. Stocks reversed course on the heels of the decision, having slid at the open as investors d ...
Stock market today: Dow, S&P 500, Nasdaq falter as US GDP cools, Fed-favored PCE inflation heats up
Yahoo Finance· 2026-02-20 00:01
US stocks slid on Friday as investors digested economic data that showed US economic growth cooling in the fourth quarter, while the Fed's favored inflation gauge heated up to end last year. Wall Street also kept an eye out for US-Iran tensions, private credit jitters, and a potential Supreme Court tariff decision. The S&P 500 (^GSPC) moved down roughly 0.3%, while the Dow Jones Industrial Average (^DJI) fell by a steeper 0.4%, coming off the end of a three-day winning streak on Thursday. The Nasdaq Compo ...