Snowflake, Beazer Homes, Joby Aviation And Other Big Stocks Moving Higher On Wednesday
Portfolio Pulse from Lisa Levin
Despite a general drop in U.S. stocks, several companies recorded gains. Minerva Neurosciences climbed 46.2% after announcing a $20 million private placement. Joby Aviation rose 26.4% following a permit for flight testing of its first production prototype. Xponential Fitness, Archer Aviation, Opendoor Technologies, Viad Corp, Beazer Homes USA, Carvana, Overstock.com, Viking Therapeutics, Energy Vault Holdings, Snowflake, Global Blue Group Holding, Squarespace, and Pinterest also saw increases. Notably, Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform was approved by a U.S. bankruptcy judge.
June 28, 2023 | 2:19 pm
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POSITIVE IMPACT
Joby Aviation's stock rose after the company received a permit for flight testing of its first production prototype.
The permit for flight testing of its first production prototype is a positive development for Joby Aviation, likely leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Minerva Neurosciences' stock climbed after announcing a $20 million private placement.
The announcement of a $20 million private placement priced at a premium to market is a positive development for Minerva Neurosciences, likely leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Overstock.com's stock gained after a U.S. bankruptcy judge approved the company's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform.
The approval of Overstock.com's acquisition of Bed Bath & Beyond's brand name, intellectual property, and e-commerce platform is a positive development for Overstock.com, likely leading to the stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100