Welcome to Extreme Investor Network, where we provide you with the latest insights on companies making headlines in the finance world. Today, we are diving into some key updates that could impact your investment decisions.
Trump Media & Technology, majority owned by former president Donald Trump, saw its shares slide over 11% following a debate between Republican nominee Trump and Democratic Vice President Kamala Harris. Rentokil Initial, the parent company of Terminix, experienced a 20% drop in shares after issuing a profit warning due to slower-than-expected sales growth in North America.
On a brighter note, Dave & Buster’s stock surged more than 13% after beating earnings estimates, while Williams-Sonoma rose 3% following an upgrade to buy from hold. Novartis, however, saw a 2% decline after a downgrade from Bank of America. Viking Therapeutics, on the other hand, experienced a 4% jump in shares after JPMorgan initiated coverage with an overweight rating.
In the crypto world, stocks tied to the price of bitcoin faced pressure as the cryptocurrency’s price dropped slightly. Coinbase and MicroStrategy saw 2% and 3% declines, respectively, while bitcoin miners MARA Holdings and Riot Platforms lost 3% and 1%. Additionally, Morgan Stanley shares dipped over 1% after a downgrade from Goldman Sachs.
Stay tuned for more updates and insights on the latest market trends and company news at Extreme Investor Network. Our team of experts is here to help you navigate the complex world of finance and make informed investment decisions. Make sure to check back for more valuable information to help you thrive in the world of investing.