Welcome to Extreme Investor Network, where we provide you with valuable insights and updates on the latest happenings in the world of finance. Today, we are looking at some key companies that are making headlines before the bell.
Flutter Entertainment, the parent company of FanDuel, announced a $5 billion share buyback program and outlined a long-term growth plan, leading to a surge of over 9% in its stock price. This strategic move has caught the attention of investors and is a strong indicator of the company’s confidence in its future prospects.
Progress Software, a tech stock, also saw a significant jump of nearly 7% after reporting better-than-expected fiscal third-quarter results. With adjusted earnings surpassing analysts’ estimates, Progress Software is proving to be a strong player in the tech industry.
On the flip side, KB Home experienced a drop of over 6% following weaker-than-expected fiscal third-quarter earnings. The homebuilder’s housing gross margin also saw a year-over-year decline, raising concerns among investors.
Meanwhile, Rithm Capital announced a secondary offering of 30 million shares, causing its stock to rise by over 4%. The proceeds from this offering will be used for general corporate purposes, signaling the company’s commitment to growth and expansion.
In the technology sector, Hewlett Packard Enterprise received an upgrade from Barclays to overweight from equal weight, leading to a 3% increase in its stock price. Barclays identified Hewlett Packard as a top play in the enterprise hardware space, highlighting the company’s potential for growth.
These are just a few of the companies making waves in the financial markets today. Stay tuned to Extreme Investor Network for more updates and analysis on the latest market trends and investment opportunities. Subscribe to our newsletter to receive exclusive insights and tips on maximizing your investment portfolio.