The Latest Breaking News from Nasdaq

Benchmark analyst Christopher Kuhn initiated coverage of Hub Group Inc (NASDAQ:HUBG) with a Buy rating and a price target of $90, implying an upside of 31%. According to the analyst, intermodal volume growth will turn positive in 2022. Kuhn anticipates growth to continue in 2022, but he sees margins normalizing in 2023 as pricing…

Analysts have provided the following ratings for Centessa Pharmaceuticals (NASDAQ:CNTA) within the last quarter:

Shares of small-cap penny stock Addex Therapeutics Ltd. (NASDAQ: ADXN) are trading lower after the company terminated its Phase 2b/3 study of Dipraglurant for dyskinesia associated with Parkinson's disease due to slow recruitment. The company suspended its guidance amid the termination.

AstraZeneca plc (NASDAQ:AZN) is rumored to be eyeing take over of Mereo BioPharma Group plc (NASDAQ:MREO), according to a report in The Times. The Times' report says that "Mereo would accept $5, equating to $500 million including American depositary receipts or ADRs. Evercore and Citigroup are said to be involved as advisers." Mereo's lead…

Allegiant Travel Company (NASDAQ:ALGT) May 2022 Scheduled Service capacity grew by ~16% and completed the month with a load factor of 87%, up 3.0pts, compared to 2019 numbers. "The average cost per fuel gallon in May was $4.41 and we now expect to finish the quarter at an average cost per gallon…

Shares of small-cap penny stock ToughBuilt Industries, Inc. (NASDAQ: TBLT) are trading lower after the company priced a $6 million offering.

U.S. stocks traded higher this morning, with the Dow Jones gaining around 200 points on Friday.

Monro Inc (NASDAQ:MNRO) has completed the previously-announced sale of its wholesale tire and distribution assets to American Tire Distributors (ATD). The company sold its Tires Now distribution assets for $105 million in cash. Monro's wholesale tire locations included seven facilities in Kentucky, North Carolina, South Carolina, and Tennessee which serviced more than 3,500 wholesale customer…

TikTok's President of Global Business Solutions and former Meta Platforms, Inc (NASDAQ:META) Facebook veteran Blake Chandlee in a CNBC interview, shared how TikTok massively differed from Facebook. ByteDance Ltd-owned TikTok did not look to mimic Facebook. In contrast, Facebook struggled to win users by restructuring its Facebook and Instagram apps to emulate TikTok's popular short video format.…