Palantir shares rally to fresh record on plans for move to Nasdaq
  • November 15, 2024

Palantir shares rally to fresh record on plans for move to Nasdaq

Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects eligibility to join the Nasdaq 100 index. The data analytics software company said it would switch its stock listing from the New York Stock Exchange and begin trading on Nasdaq on Nov. 26. If it is included in the Nasdaq 100 index, this would mean that "anyone who uses the Nasdaq index as their benchmark will have to buy PLTR," said Kenny Polcari, Chief Market Strategist for SlateStone Wealth in a research note.

Spectrum Brands Stock Falls After Q4 Earnings Miss On Lower Investment Income: Details
  • November 15, 2024

Spectrum Brands Stock Falls After Q4 Earnings Miss On Lower Investment Income: Details

Spectrum Brands Holdings, Inc. (NYSE:SPB) shares are trading lower on Friday. The company reported fourth-quarter adjusted earnings per share of 97 cents, missing the street view of $1.07. Quarterly revenues were $773.7 million (+4.5%), beating the analyst consensus of $747.51 million. Gross profit surged 17.8% to $288 million. Gross profit and margin increased due to productivity improvements, operational efficiencies, and inventory actions in the prior year, partially offset by ocean freight i