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Abercrombie & Fitch saw a nearly 8% increase in its stock price after being added to JPMorgan’s positive catalyst watch list. Analysts cited momentum in its brands, including Hollister, during the back-to-school shopping season. Spirit Airlines faced a 26% drop following reports of potential bankruptcy after a failed merger with JetBlue, who saw a 15% increase in their shares. Rivian Automotive experienced a 5% decrease after cutting its production guidance due to a supply shortage. Vistra Corp, the top gainer in the S&P 500, continued its rally with a 5% rise. Summit Therapeutics gained 2% after receiving FDA fast-track designation for its cancer drug. Ubisoft Entertainment surged over 30% on reports of a potential buyout. SilverCrest Metals jumped nearly 12% after announcement of its acquisition by Coeur Mining. Zim Integrated Shipping Services saw a 13% drop following the resolution of a port strike. CVS Health’s shares added 3.3% as the company considers a strategic review to potentially split its retail pharmacy and insurance units.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
