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US Stocks Edge Higher; UniFirst Shares Fall After Q1 Results
Benzinga· 2026-01-07 14:47
Market Overview - U.S. stocks experienced slight gains, with the Dow Jones increasing by approximately 0.1% to 49,485.07, NASDAQ rising by 0.20% to 23,594.64, and S&P 500 up by 0.12% to 6,952.97 [1] - Health care shares saw a gain of 1.4%, while materials stocks declined by 1% [1] Company Performance - UniFirst Corp (NYSE:UNF) shares fell around 4% after reporting mixed first-quarter results, with adjusted earnings of $1.97 per share, missing market estimates of $2.06 per share. Quarterly sales were $621.318 million, exceeding expectations of $615.253 million [2] - Innovative Eyewear Inc (NASDAQ:LUCY) shares surged 57% to $1.86 after reporting preliminary fourth-quarter sales of about $1 million, a 45% year-over-year increase [8] - Ventyx Biosciences Inc (NASDAQ:VTYX) shares rose 34% to $13.47 following reports of advanced acquisition talks with Eli Lilly & Co. (NYSE:LLY) for over $1 billion [8] - Captivision Inc (NASDAQ:CAPT) shares increased by 34% to $0.50 after receiving an extension for Nasdaq compliance [8] - Cohen & Company Inc (NYSE:COHN) shares dropped 16% to $25.54 after a previous gain of 12% [8] - Curis Inc (NASDAQ:CRIS) shares fell 21% to $0.79 after announcing a private placement pricing totaling up to $80.8 million [8] - Ascent Solar Technologies, Inc. (NASDAQ:ASTI) shares decreased by 18% to $4.32 [8] Commodity Market - In commodity news, oil prices fell by 0.7% to $56.72, gold decreased by 0.9% to $4,455.40, silver dropped by 5.6% to $76.540, and copper fell by 2.1% to $5.9365 [4] International Markets - European shares were mixed, with the eurozone's STOXX 600 slipping 0.1%, Spain's IBEX 35 Index down 0.2%, London's FTSE 100 declining 0.7%, Germany's DAX gaining 0.8%, and France's CAC 40 up by 0.1% [5] - Asian markets closed mostly lower, with Japan's Nikkei 225 down 1.06%, Hong Kong's Hang Seng Index declining 0.94%, China's Shanghai Composite gaining 0.05%, and India's BSE Sensex falling 0.12% [6]
Crude Oil Jumps 2%; Chicago Fed National Activity Index Improves Slightly In September - Adeia (NASDAQ:ADEA), Anebulo Pharmaceuticals (NASDAQ:ANEB)
Benzinga· 2025-12-22 17:27
Company News - UniFirst Corp (NYSE:UNF) received an acquisition proposal from Cintas Corporation (NASDAQ:CTAS) for $275 per share in cash, valuing UniFirst at approximately $5.2 billion, which represents a 64% premium to its 90-day average closing price as of December 11, 2025 [2] - Adeia Inc (NASDAQ:ADEA) shares surged 28% to $16.38 after signing a long-term media IP license agreement with Disney and raising its 2025 outlook [8] - Sidus Space, Inc. (NASDAQ:SIDU) shares increased by 88% to $2.18 after being awarded a contract under the Missile Defense Agency's SHIELD IDIQ program [8] - Blacksky Technology Inc (NYSE:BKSY) shares rose 17% to $22.55 after Jefferies initiated coverage with a Buy rating and a price target of $23 [8] - Luminar Technologies, Inc. (NASDAQ:LAZR) shares dropped 61% to $0.24 after announcing voluntary Chapter 11 proceedings to pursue court-supervised sale processes for its core businesses [8] - EUDA Health Holdings Limited (NASDAQ:EUDA) shares fell 45% to $1.55 following the announcement of a strategic technology integration to introduce QB Utility Token into its Digital Health and Rewards Platform [8] - Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) shares decreased by 21% to $1.72 as the company announced its intent to commence a self tender offer [8] Market Performance - U.S. stocks traded higher, with the Dow Jones index gaining more than 150 points, up 0.39% to 48,322.06, NASDAQ up 0.46% to 23,417.50, and S&P 500 rising 0.46% to 6,866.26 [1] - In commodity news, oil traded up 2.1% to $57.71, gold up 1.8% to $4,464.20, silver up 2.2% to $68.94, while copper fell 0.2% to $5.4970 [5] - European shares were lower, with the eurozone's STOXX 600 declining 0.27%, Spain's IBEX 35 Index down 0.14%, London's FTSE 100 down 0.44%, Germany's DAX 40 down 0.15%, and France's CAC 40 dropping 0.48% [6] - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.81%, Hong Kong's Hang Seng up 0.43%, China's Shanghai Composite rising 0.69%, and India's BSE Sensex up 0.75% [7]
Crude Oil Jumps 2%; Chicago Fed National Activity Index Improves Slightly In September
Benzinga· 2025-12-22 17:27
Company News - UniFirst Corp (NYSE:UNF) received an acquisition proposal from Cintas Corporation (NASDAQ:CTAS) for $275 per share in cash, valuing UniFirst at approximately $5.2 billion, representing a 64% premium to its 90-day average closing price as of December 11, 2025 [2] - Adeia Inc (NASDAQ:ADEA) shares surged 28% to $16.38 after signing a long-term media IP license agreement with Disney and raising its 2025 outlook [8] - Sidus Space, Inc. (NASDAQ:SIDU) shares increased by 88% to $2.18 after being awarded a contract under the Missile Defense Agency's SHIELD IDIQ program [8] - Blacksky Technology Inc (NYSE:BKSY) shares rose 17% to $22.55 after Jefferies initiated coverage with a Buy rating and a price target of $23 [8] - Luminar Technologies, Inc. (NASDAQ:LAZR) shares dropped 61% to $0.24 after previously jumping around 175% on Friday, following the announcement of voluntary Chapter 11 proceedings [8] - EUDA Health Holdings Limited (NASDAQ:EUDA) shares fell 45% to $1.55 after announcing a strategic technology integration for its Digital Health and Rewards Platform [8] - Anebulo Pharmaceuticals, Inc. (NASDAQ:ANEB) shares decreased by 21% to $1.72 as the company announced its intent to commence a self tender offer [8] Market Performance - U.S. stocks traded higher, with the Dow Jones index gaining more than 150 points, up 0.39% to 48,322.06, NASDAQ up 0.46% to 23,417.50, and S&P 500 rising 0.46% to 6,866.26 [1] - In commodity news, oil traded up 2.1% to $57.71, gold up 1.8% to $4,464.20, silver up 2.2% to $68.94, while copper fell 0.2% to $5.4970 [5]
UniFirst, Adeia, Cytokinetics And Other Big Stocks Moving Higher On Monday - Applied Optoelectronics (NASDAQ:AAOI), Abivax (NASDAQ:ABVX)
Benzinga· 2025-12-22 15:56
Group 1: Market Overview - U.S. stocks experienced an upward trend, with the Dow Jones index increasing by over 200 points on Monday [1] Group 2: UniFirst Corporation - Shares of UniFirst Corp rose significantly after receiving an acquisition proposal from Cintas Corporation for $275 per share in cash [1] - The acquisition offer values UniFirst at approximately $5.2 billion, representing a 64% premium over its 90-day average closing price as of December 11, 2025 [1] - UniFirst shares surged by 21.8% to $207.50 during Monday's trading session [1] Group 3: Other Notable Stock Movements - Hycroft Mining Holding Corporation shares jumped by 48.3% to $24.35 following positive drill results from its exploration program [3] - Adeia Inc gained 28.6% to $16.43 after signing a long-term media IP license agreement with Disney and raising its 2025 outlook [3] - BlackSky Technology Inc saw a 17.9% increase to $22.70 after Jefferies initiated coverage with a Buy rating and a price target of $23 [3] - Cytokinetics, Inc. shares rose by 11.2% to $69.74 after FDA approval of MYQORZO for treating adults with symptomatic obstructive hypertrophic cardiomyopathy [3]
Third Avenue Announces Support for Engine Capital Director Nominees to Strengthen the UniFirst Board and Unlock Shareholder Value
Businesswire· 2025-12-10 17:37
Core Viewpoint - Third Avenue Management LLC is a long-term owner of Class A common shares of UniFirst Corp and plans to support Engine Capital's proposed directors at the upcoming shareholder meeting on December 15th [1] Group 1: Company Ownership - Third Avenue Management has held shares of UniFirst since 2010, indicating a long-term investment strategy [1] Group 2: Voting Intentions - Third Avenue intends to exercise its voting authority in favor of Engine Capital's proposed directors for UniFirst at the upcoming meeting [1]