LOGO
LOGO

Corporate News

Pre-market Movers For March 1 (GRPN, AAPL, BBY, LIME, CRM, FWLT)

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Gainers:

Groupon, Inc. (GRPN) is rising nearly 3 percent to $4.66 following its announcement that it has ousted its chief executive Andrew Mason, a move that came just a day after it reported another disappointing quarterly loss. The company has appointed Executive Chairman Eric Lefkofsky and Vice Chairman Ted Leonsis to the newly created Office of the chief executive to serve in that role on an interim basis.

Best Buy Co., Inc. (BBY) is up 6 percent to $17.39. The company's fourth quarter loss narrowed from the prior year period. Revenue for the quarter topped the consensus estimate. The company also announced that it received no offer from Schulze and the deadline to make an offer has expired yesterday.

Lime Energy Co. (LIME) is rising 5 percent to $0.7987. The company has sold certain assets of its unit, Lime Energy Service Co., constituting its energy service companies or ESCO subcontracting business to PowerSecure Inc. a subsidiary of PowerSecure International, Inc. (POWR) for about $1.9 million cash.

salesforce.com, inc (CRM) is up 4 percent to $176.01 following the release of its quarterly results.

Decliners:

Foster Wheeler AG (FWLT) is falling 11 percent to $21.34. The company's fourth quarter profit plunged from the previous year period and was below Wall Street view. Operating revenues slumped from the year-ago quarter and were sharply below the consensus estimate.

Apple Inc. (AAPL) is down nearly 1 percent to $437.80.

Trading halt:

Trading in shares of BioMimetic Therapeutics Inc. (BMTI) was halted.

For comments and feedback contact: editorial@rttnews.com

Business News

Invest in the Best Pharma Stocks by Subscribing to RTT Biotech Investor.
Global Economics Weekly Update - Jun 01 - Jun 05, 2026

June 05, 2026 16:18 ET
A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.

Latest Updates on COVID-19