Welcome to Extreme Investor Network, where we bring you the latest updates on the stock market and investment opportunities. Today, we’re diving into the companies that are making headlines in midday trading.
Intuitive Machines has seen a 38.3% surge in its share price after securing a $5 billion space network contract from NASA. This is a significant achievement for the space exploration company and has sparked investor interest in the stock.
United States Steel is also in the spotlight, with shares jumping 1.5% following news that a U.S. security panel has granted Nippon Steel permission to refile its plans to purchase the firm for $14.1 billion. This move is likely to delay a decision on the takeover until after the presidential election in November.
Victoria’s Secret and VF Corporation are both seeing positive movement in their share prices after receiving upgrades from Barclays. Victoria’s Secret gained 3.5% after being upgraded to equal weight, while VF Corporation climbed 3.9% following an upgrade to overweight. These upgrades signal a more positive outlook for these companies in the eyes of investors.
On the flip side, Medical Properties Trust and McGrath RentCorp are facing challenges in the market. Medical Properties Trust saw a drop of 4.8% after announcing an additional impairment of $430 million in its fiscal third quarter. McGrath RentCorp fell 3.1% and hit a new 52-week low after terminating its merger with WillScot Holdings.
ResMed is also experiencing a decline in its share price, dropping 5.1% after being downgraded to underperform at Wolfe Research. The firm anticipates decelerating revenue growth for the medical device company due to increased competition from Eli Lilly’s GLP-1 medication.
Casella Waste Systems rounds out our list, falling 5.8% after announcing a $400 million public offering of its Class A common stock. This move has sent ripples through the recycling company’s stock price.
Stay tuned to Extreme Investor Network for more updates on the stock market and investment opportunities. Our expert analysis and unique insights will keep you ahead of the curve in the world of finance.