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Virgin Galactic (NYSE:SPCE) has lifted off, but is today's enthusiasm misplaced? Let's examine what's happening off and on the price chart and see how today's investors can better prepare for a more profitable tomorrow.Source: Christopher Penler / Shutterstock.com Space tourism operator Virgin Galactic is going places. Maybe not today, but it's in the not-so-distant future. And right now, investors are taking stock in SPCE and sending shares higher by nearly 14% Thursday.Oh, those silly fanatical bulls, right? Nope. Today's rally in SPCE is anything but just another confidently and overexcited performance in an overbought market led by Apple (NASDAQ:AAPL), Tesla (NASDAQ:TSLA), Shopify (NYSE:SHOP) or some other large-cap tech giant. It isn't. Really. Thursday's rally was nothing short of a much-needed and well-deserved breath of fresh air for SPCE shareholders.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDespite the Nasdaq Composite index having blasted through its February all-time high more than...
LAKEWOOD, Colo., July 17, 2020 /CNW/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) ("Energy Fuels" or the "Company"), the largest uranium mining company in the United States, is pleased to announce the recent elimination of a portion of the Company's debt, confirmation of 2020 uranium production guidance, and updates on the value of the Company's significant uranium and vanadium inventories. On July 14, 2020, the Company completed the partial cash redemption of its floating rate convertible unsecured subordinated debentures (the "Debentures") as previously announced on June 11, 2020. On July 14, the Company distributed Cdn$10,430,000 of cash to holders of the Debentures (as of July 8, 2020)....
Norwegian Cruise Line Holdings (NCLH) has announced that it has priced its $250M offering of 16,666,667 ordinary shares at a price to the public of $15.00 per share. Shares in NCLH plunged 16% in Thursday’s trading, bringing the share price down to $15.61.NCLH has also granted the underwriters an option to purchase up to 2,500,000 of additional ordinary shares, which must be exercised on or before August 17, 2020.The offering is expected to close on July 21, 2020, subject to customary closing conditions. The company says it expects to use the net proceeds from the offering for general corporate purposes.J.P. Morgan, Citigroup, Goldman Sachs & Co. LLC, Barclays, Mizuho Securities and UBS Investment Bank are acting as joint book-running managers.NCLH, which operates a combined fleet of 28 ships, has seen shares plunge 73% year-to-date due to the fallout from Covid-19 on the tourism industry.However the stock maintains a cautiously optimistic Moderate Buy Street...
(Bloomberg) -- Sanofi is studying potential acquisitions of U.S. biotechnology companies including Principia Biopharma Inc. as it seeks innovative treatments for clinical areas including multiple sclerosis and immune disorders, people with knowledge of the matter said.The French drugmaker is working with advisers to study potential deals, the people said, asking not to be identified because the information is private.Chief Executive Officer Paul Hudson, who joined last year, is seeking to rejuvenate Sanofi by focusing on fast-growing areas where new medicines command high prices. There’s no certainty the deliberations will lead to a transaction, according to the people.Sanofi shares were little changed early Friday in Paris.Sanofi already has a partnership with Principia Biopharma to develop a treatment for central nervous system diseases. Principia Biopharma rallied in February after the experimental medicine succeeded in a mid-stage study and Sanofi’s CEO said it could grab half of the $20 billion market for multiple sclerosis...
As the sunset of the 3G network approaches, fleets will need to plan ahead to meet the transition. As with the implementation of ELDs, fleets that stay ahead of the curve will have a better opportunity to remain connected and productive. ...
Norwegian Cruise Holdings Ltd (NSYE: NCLH) late Thursday announced the pricing of its $250 million public offering. The company priced about 16.6 million shares at $15 each. Underwriters for the offering can exercise a greenshoe option to purchase up to 2.5 million additional shares.The cruise company said it expected to use the proceeds of the offering for "general corporate purposes."JP Morgan Chase & Co. (NYSE: JPM), Barclays Plc (NYSE: BCS), Citigroup (NYSE: C), and subsidiaries of Goldman Sachs Group Inc (NYSE: GS), Mizuho Financial Group Inc's (NYSE: MFG), and UBS Group AG (NYSE: UBS) are acting as joint book running managers for the offering.Norwegian also announced a debt offering to the tune of $750 million in six-year senior secured notes and $400 million of exchangeable five-year senior notes.The proceeds raised from the debt would be used to repay its $675 million senior secured revolving facility, and to pay any related transaction...
The shares of Norwegian Cruise Line Holdings Ltd (NYSE: NCLH), Carnival Corp. (NYSE: CCL), and Royal Caribbean Cruises Ltd (NYSE: RCL) continued to dip in the after-hours session Thursday, as the Centers For Disease Control and Prevention extended its ban on cruise sailing in the United States.What Happened In an order Thursday, the CDC extended the suspension of "passenger operations on cruise ships with the capacity to carry at least 250 passengers in waters" through September 15."If unrestricted cruise ship passenger operations were permitted to resume, passengers and crew on board would be at increased risk of COVID-19 infection and those that work or travel on cruise ships would place substantial unnecessary risk on healthcare workers, port personnel and federal partners, and the communities they return to," the federal agency said in a statement.According to the CDC data between March and July, there have been 2,973 coronavirus or coronavirus-like illnesses on...
