Seagate Technology beats earnings, but why did the stock plummet?

Seagate Technology beats earnings, but why did the stock plummet?

Seagate Technology Holdings plc’s (NASDAQ: STX) stock faced a sharp decline following its Q1 FY 2025 earnings report. Despite surpassing Wall Street estimates with an EPS of $1.58—beating the forecasted $1.30—and revenue reaching $2.17 billion, above expectations of $2.13 billion, the market reacted negatively. Shares dropped by over 7% in early trading, raising questions about […]

Centessa Pharmaceuticals pulls off massive $225m deal—Stock price jumps

Centessa Pharmaceuticals pulls off massive $225m deal—Stock price jumps

Centessa Pharmaceuticals has experienced a substantial rise in its share price after completing an upsized public offering of American Depositary Shares (ADSs). The company, listed on Nasdaq, announced on 12 September 2024 that it successfully priced 15,254,237 ADSs at $14.75 per share, generating gross proceeds of approximately $225 million. This announcement has sparked considerable market […]