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The Markets
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The Markets
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The Markets
by Proactive
Proactive UK has moved.
Small-cap coverage continues on .com
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Market movers: Apple, BlackBerry, Micron, McCormick, AtaiBeckley, Nextech3D.ai...

Draftkings Inc (NASDAQ:DKNG) shares have been volatile over the past month as investors continue to weigh the potential impact of prediction markets on the company’s growth outlook, according to Bank of America.

The analysts wrote that DraftKings shares have swung between an intraday low of $23.50 and a high of $30 since May, before easing back to around $25, or roughly 17% below recent highs. Shares were down another 4% at about $23.50 on Thursday.

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Apple Inc (NASDAQ:AAPL, XETRA:APC) shares fell more than 6% on Thursday after the company announced price increases across several MacBook and iPad models, marking its first formal move to pass rising memory and storage costs on to consumers amid intensifying AI-driven demand for components.

The decline represented Apple’s steepest single-day drop since April 2025, as investors reacted to both the scale of the price increases and the possibility of further adjustments ahead. Apple’s online store was briefly taken offline Thursday morning before returning with updated pricing across its hardware lineup.

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Micron Technology Inc (NASDAQ:MU) shares soared more than 15% to a record high of around $1,208 Thursday as analysts cheered a wave of long-term strategic agreements reshaping the investment case for the memory chipmaker.

Bank of America reiterated its Buy rating and lifted its price target to $1,550 from $1,500, while Wedbush maintained its bullish stance, with both firms pointing to Micron's growing portfolio of strategic customer agreements (SCAs) as a defining development for the sector.

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KKR Asset Management (NYSE:KKR) shares added more than 3% on Thursday after the alternative asset manager provided an update highlighting stronger monetization activity and changes to its financial reporting.

The firm announced that monetization activity exceeded $900 million for the period from March 31, 2026, through June 24, 2026, based on information currently available.

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Blackberry (TSX:BB) shares jumped nearly 21% on Thursday in New York and Toronto after the Canadian technology company posted first-quarter fiscal 2027 results that beat analyst expectations, driven by double-digit growth across its QNX automotive software and Secure Communications divisions.

Revenue for the quarter came in at $152.9 million, up 26% year over year and well above the analyst consensus of $138.2 million.

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McCormick & Company Inc (NYSE:MKC) shares climbed more than 5% after the spice and seasoning maker reported fiscal second quarter 2026 results that exceeded Wall Street expectations and reaffirmed its full-year guidance.

The company posted adjusted earnings of $0.80 per share for the quarter ended May 31, ahead of analyst estimates of $0.70 per share.

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Fox Tungsten Ltd (TSX-V:FOXT, OTC:HPYCF, FRA:1HC) announced that it has commenced a fully funded 20,000-metre diamond drilling program at its Fox project in south-central British Columbia, marking the largest exploration campaign in the company's history.

The company said the first of two drill rigs has been mobilized and drilling is underway at the project, located about 75 kilometres northeast of 100 Mile House. A second drill rig is expected to arrive in early July.

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Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF, FRA:1SS) has reported its audited financial results for the fourth quarter and full fiscal year ended March 31, 2026, showing higher revenue, improved margins and a reduced operating loss as the company continues its transition toward an AI-focused software business.

Fourth-quarter revenue rose 207% year over year to $939,000 from $306,000 in the same period a year earlier.

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AtaiBeckley Inc. (NASDAQ:ATAI, XETRA:9VC) announced on Thursday that it will be added to the Russell 2000 Index and the Russell 3000 Index, effective at the open of US markets on June 29, as part of the 2026 Russell indexes reconstitution.

The clinical-stage biotechnology company said the inclusion broadens its exposure to institutional investors and index-tracking funds. According to FTSE Russell, approximately $12.2 trillion in assets are benchmarked against the Russell US indexes.

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Hochschild Mining PLC (LSE:HOC) and Fresnillo PLC (LSE:FRES) led London's mining sector lower on Thursday as falling gold and silver prices hit precious metals producers.

Hochschild fell 1.8%, Endeavour Mining PLC (LSE:EDV) lost 1.8%, Pan African Resources PLC (LSE:PAF) shed 1.5% and Fresnillo dropped 1.3% in early trading.

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The Markets
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