Stock News

US Bancorp increases quarterly dividend to $0.50

US Bancorp (NYSE: USB) said on Tuesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.50 per share of common stock. The latter represents an increase of 2.04% compared to the previous quarterly dividend of $0.49 per share. The dividend will be paid on October 15th to shareholders of record […] Read more

Electromed announces stock buyback program

Electromed Inc (NYSE: ELMD) said on Wednesday that its Board of Directors had authorized the repurchase of up to $5 million of the company’s common stock. “I am pleased to announce Electromed’s next share repurchase authorization, which follows the recent announcement of our record performance in fiscal 2024, and the successful completion of our previous […] Read more

PACCAR announces $0.30 quarterly dividend

PACCAR Inc (NASDAQ: PCAR), a technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates, on Tuesday announced a regular quarterly cash dividend of $0.30 per share of common stock. The dividend was kept unchanged from the previous quarterly dividend payment. The […] Read more

SM Energy appoints new Chief Operating Officer

SM Energy Company (NYSE: SM) said on Monday that it had appointed Beth McDonald as Executive Vice President and Chief Operating Officer, effective September 9th. Most recently, McDonald was Executive Vice President – Strategic Planning, Field Development and Marketing at Pioneer Natural Resources Company. “We are delighted to welcome Beth to our executive team. She […] Read more

J.P.Morgan upgrades Amneal Pharmaceuticals to “Neutral”

J.P.Morgan has raised its rating on Amneal Pharmaceuticals Inc’s (NASDAQ: AMRX) stock to “Neutral”, as the bank cited progress in revamping business operations. According to J.P.Morgan, Amneal Pharmaceuticals’ generic drug business is generating “solid growth”, with a move away from oral solid medications and towards complex products and biosimilars. The Wall Street bank noted that […] Read more

Lululemon CEO expands stake in sportswear maker

Lululemon Athletica Inc’s (NASDAQ: LULU) Chief Executive Officer Calvin McDonald has expanded his stake in the sportswear maker with the purchase of 4,000 shares last week, a SEC filing showed. The shares were acquired at a price of $260 each, while the total value of the deal was $1.04 million. As a result of the […] Read more

Piper Sandler upgrades Intra-Cellular to “Overweight”

Piper Sandler has upgraded the stock of Intra-Cellular Therapies Inc (NASDAQ: ITCI) to “Overweight”, as it highlighted sales potential for Intra-Cellular’s Caplyta. The investment bank also revised up its 12-month price target on the shares to $92.00 from $68.00. According to Piper Sandler, a survey of 25 psychiatrists showed that the patient/prescription volume footprint for […] Read more

XWELL Inc names new Chief Executive Officer

XWELL Inc (NASDAQ: XWEL) said that it had appointed Ezra T. Ernst as its next Chief Executive Officer. Ernst is to succeed Scott Milford, who will remain with the company as a consultant through the end of this year. Most recently, Ezra T. Ernst served as CEO of XWELL brands XpresCheck since January 2022 and […] Read more

Susquehanna downgrades Evertec to “Negative”

Susquehanna has downgraded the shares of Evertec Inc (NYSE: EVTC) to “Negative” from “Neutral”, as it cited margin pressure. The firm also revised down its 12-month price target on the stock to $28.00 from $38.00. “Appropriately, the company has been expanding its Total Addressable Market beyond its heritage relationship with its former parent Banco Popular […] Read more

Noble finalizes acquisition of Diamond Offshore Drilling

Noble Corporation plc (NYSE: NE) said on Wednesday that it had finalized its acquisition of Diamond Offshore Drilling Inc. The deal enhances Noble’s position as a leading offshore driller and creates the largest fleet of 7th generation dual-BOP drillships within the industry. “We are excited to close this highly strategic and accretive transaction ahead of […] Read more