atai Life Sciences (NASDAQ:ATAI, ETR:9VC)’ stock is poised to climb significantly, driven by a series of clinical catalysts this year and next, analysts at Jefferies wrote following the release of the company’s first quarter results.
The analysts repeated their ‘Buy’ rating and $5 price target on atai, which traded up 11.8% at $1.60 on Thursday afternoon.
Dick's Sporting Goods (NYSE:DKS) is making a bid to acquire rival Foot Locker, Inc. (NYSE:FL) for roughly $2.3 billion in a move that would reshape the US athletic retail landscape and give Dick’s a broader reach into lower-income and international markets.
The potential acquisition, first reported by The Wall Street Journal, would value Foot Locker at $24 per share—a roughly 87% premium to the company’s closing price on Wednesday.
UnitedHealth Group Inc (NYSE:UNH, ETR:UNH) shares tumbled more than 14% after a Wall Street Journal (WSJ) report revealed that the US Department of Justice (DOJ) is conducting a criminal investigation into the company’s Medicare Advantage billing practices.
The report, citing unnamed sources, said the DOJ’s healthcare fraud division is examining whether UnitedHealth inflated patient risk scores to increase federal payments.
CoreWeave (NASDAQ:CRWV) shares moved higher after the AI cloud-computing startup reported significant revenue growth for the first quarter and raised its full-year outlook.
First quarter revenue surged 420% year-over-year to $981.6 million, ahead of analyst expectations of $857 million.
Birkenstock Holding PLC (NYSE:BIRK) posted better-than-expected earnings for the fiscal second quarter and raised its annual outlook, sending its shares more than 7% higher on Thursday morning.
For fiscal 2025, the company now sees revenue growth at the high end of its earlier guidance of 15% to 17% growth in constant currency.
Walmart Inc (NYSE:WMT, ETR:WMT) shares moved lower despite a first quarter earnings beat as management warned that price increases as a result of global tariffs are coming soon.
“We will do our best to keep our prices as low as possible but given the magnitude of the tariffs, even at the reduced levels announced this week, we aren't able to absorb all the pressure given the reality of narrow retail margins,” Walmart CEO Doug McMillon said in the company’s earnings call on Thursday.
T Stamp Inc (NASDAQ:IDAI, EURONEXT:AIID) dba Trust Stamp said it has formed a strategic partnership with cryptographic tech firm Partisia to jointly develop a secure and decentralized biometric identity solution.
The collaboration will combine Trust Stamp’s biometric verification system with Partisia’s Multi-Party Computation (MPC) technology to create a privacy-centric method for binding digital credentials to an individual’s biometric data, the companies said in a statement.
Hikma Pharmaceuticals PLC (LSE:HIK, OTC:HKMPF) saw its shares jump 8% after it put out a midday update on its outlook, seeing strong medium-term growth.
Annual revenue growth of 6% to 8% is expected, with 7% to 9% CAGR in core operating profit from 2024 to 2027.