, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Dick's Sporting Goods, Inc. (NYSE: DKS) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Dick's Sporting Goods caused the company to misrepresent or fail to disclose that (i) demand for products in DKS's Outdoor segment was slowing faster than represented, resulting in excess inventory; (ii) the "structural changes" that were repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not allow the Company to manage its excess inventory without hurting the Company's profitability; (iii) the need to liquidate excess inventory, including in the Outdoor segment, would have a materially negative effect on the Company's profitability; and (iv) as a result of the above, statements about DKS's business condition and prospects were materially false and misleading.
If you currently own DKS and purchased prior to August 23, 2022 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of iRhythm Technologies, Inc. (NASDAQ: IRTC) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at iRhythm caused the company to misrepresent or fail to disclose that the Zio AT monitor was a real-time monitor intended for high-risk patients. Specifically, that insiders repeatedly touted the potential growth for the Zio AT as an innovative product that had only just begun to penetrate the market for real-time monitoring, which investors looked upon favorably given the premium selling price associated with devices approved for high-risk patients. As a result of these misrepresentations, the price of iRhythm common stock traded at artificially inflated prices at relevant times.
If you currently own IRTC and purchased prior to November 5, 2021 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
, /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation law firm, is investigating whether certain officers and directors of Five9, Inc. (NASDAQ: FIVN) breached their fiduciary duties to shareholders.
According to a federal securities lawsuit, Insiders at Five9 caused the company to misrepresent or fail to disclose that: (i) Five9's net new business was not "strong irrespective of the macro" and was, in fact, hampered by macroeconomic issues such as constrained and scrutinized customer budgets; (ii) Five9 was in the midst of a challenging bookings quarter due, in part, to sales execution and efficiency issues, and the Company was not "seeing very strong bookings momentum"; and (iii) insiders did not have "enough information in terms of [their] existing customers that are going live" such that the statements that Five9 would see a positive inflection in its dollar-based retention rate lacked a reasonable basis.
If you currently own FIVN and purchased prior to February 21, 2024 please contact Sophia Anne Silayan by email at [email protected] or call (833) 672-0814. Kuehn Law pays all case costs and does not charge its investor clients. Shareholders should contact the firm immediately as there may be limited time to enforce your rights.
Why Your Participation Matters:
As a shareholder your voice matters, and by getting involved, you contribute to the integrity and fairness of the financial markets. Your investment. Your voice. Your future.™
SAN DIEGO--(BUSINESS WIRE)--Robbins LLP informs stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Insulet Corporation (NASDAQ: PODD) securities between February 21, 2025 and May 26, 2026. Insulet develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the U.S. and internationally.
Robbins LLP is Investigating Allegations that Insulet Corporation (PODD) Misled Investors Regarding the Viability of its Products
Share For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Insulet Corporation (PODD) Misled Investors Regarding the Viability of its Products
According to the complaint, during the class period, defendants failed to disclose that: (i) Insulet’s manufacturing controls and procedures were defective; (ii) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (iii) as a result, Defendants’ public statements were materially false and misleading at all relevant times.
Plaintiff alleges that on March 12, 2026, Insulet disclosed that it had “initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods after identifying a manufacturing issue through its ongoing product monitoring” (the “March 2026 MDC”). On this news, Insulet’s stock price fell $16.23 per share, or 6.88%, to close at $219.84 per share on March 13, 2026. Then, on May 26, 2026, Insulet disclosed the “initat[ion]” of another “voluntary Medical Device Correction” (the “May 2026 MDC”), this time “for specific lots of Omnipod® 5, Omnipod Dash®, and Omnipod® Insulin Management System (Omnipod Eros) Pods due to a manufacturing issue, identified through ongoing product monitoring, that could result in insulin under-delivery.” On this news, Insulet’s stock price fell $7.79 per share, or 5.07%, to close at $146.01 per share on May 27, 2026.
What Now: You may be eligible to participate in the class action against Insulet Corporation. Shareholders who wish to serve as lead plaintiff for the class should contact Robbins LLP. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Insulet Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Insulet Corporation (“Insulet” or the “Company”) (NASDAQ: PODD) securities between February 21, 2025 and May 26, 2026, inclusive (the “Class Period”). Insulet investors have until August 31, 2026 to file a lead plaintiff motion.
IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN INSULET CORPORATION (PODD), CONTACT THE LAW OFFICES OF HOWARD G. SMITH TO PARTICIPATE IN THE ONGOING SECURITIES FRAUD LAWSUIT.
Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at [email protected], by telephone at (215) 638-4847 or visit our website at www.howardsmithlaw.com.
What Happened?
On March 12, 2026, Insulet disclosed that it had “initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods after identifying a manufacturing issue through its ongoing product monitoring.”
On this news, Insulet’s stock price fell $16.23, or 6.9%, to close at $219.84 per share on March 13, 2026, thereby injuring investors.
Then, on May 26, 2026, Insulet announced the initiation of another “voluntary Medical Device Correction” for “specific lots of Omnipod® 5, Omnipod Dash®, and Omnipod® Insulin Management System (Omnipod Eros) Pods due to a manufacturing issue, identified through ongoing product monitoring, that could result in insulin under-delivery.”
On this news, Insulet’s stock price fell $7.79, or 5.1%, to close at $146.01 per share on May 27, 2026, thereby injuring investors further.
What Is the Lawsuit About?
The complaint filed in this class action alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, Defendants failed to disclose to investors that: (1) Insulet’s manufacturing controls and procedures were defective; (2) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (3) as a result, Defendants’ positive statements about the Company’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis at all relevant times.
Contact Us to Participate or Learn More:
If you purchased Insulet securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact us:
Law Offices of Howard G. Smith
3070 Bristol Pike, Suite 112
Bensalem, Pennsylvania 19020
Telephone: (215) 638-4847
Email: [email protected]
Visit our website at: www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Insulet Corporation ("Insulet" or the "Company") (NASDAQ: PODD) and certain officers. The class action, filed in the United States District Court for the District of Massachusetts, and docketed under 26-cv-13062, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Insulet securities between February 21, 2025 and May 26, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.
If you are an investor who purchased or otherwise acquired Insulet securities during the Class Period, you have until August 31, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
[Click here for information about joining the class action]
Insulet develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States ("U.S.") and internationally.
The Company offers, inter alia, its "Omnipod 5" automated insulin delivery ("AID") system, which includes a proprietary AID algorithm embedded in the pod that integrates with a third-party continuous glucose monitor to obtain glucose values through wireless Bluetooth communication; and its "Omnipod Dash", which features a Bluetooth enabled Pod that is controlled by a smartphone-like Personal Diabetes Manager.
Insulet also formerly offered the Omnipod Insulin Management System, its predecessor to the Omnipod 5, prior to the Class Period, but had already begun to phase out the product by the start of the Class Period.
The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies. Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Insulet's manufacturing controls and procedures were defective; (ii) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.
The truth began to emerge on March 12, 2026, when Insulet disclosed that it had "initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods after identifying a manufacturing issue through its ongoing product monitoring."
On this news, Insulet's stock price fell $16.23 per share, or 6.88%, to close at $219.84 per share on March 13, 2026.
Then, on May 26, 2026, Insulet disclosed the "initat[ion]" of another "voluntary Medical Device Correction", this time "for specific lots of Omnipod® 5, Omnipod Dash®, and Omnipod® Insulin Management System (Omnipod Eros) Pods due to a manufacturing issue, identified through ongoing product monitoring, that could result in insulin under-delivery."
On this news, Insulet's stock price fell $7.79 per share, or 5.07%, to close at $146.01 per share on May 27, 2026.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com.
Attorney advertising. Prior results do not guarantee similar outcomes.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 2, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in PicS N.V. ("PicS" or the "Company") (NASDAQ: PICS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of PicS who were adversely affected if they purchased the Company's Class A common stock in and/or traceable to its January 30, 2026 initial public offering (the "IPO"). This action is pending in the United States District Court for the Southern District of New York.
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https://www.ksfcounsel.com/cases/nasdaqgs-pics/
PicS investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-pics/ to learn more.
CASE DETAILS: According to the Complaint, PicS and certain of its executives are charged with failing to disclose material information in the Offering Documents, violating federal securities laws. The alleged false and misleading statements and omissions include, but are not limited to, that: (i) in December 2025, the Company determined that its credit assessment procedures were deficient and required enhancement; (ii) following implementation of revised procedures, the Company reclassified approximately R$590 million of exposures from Stage 2 to Stage 3, resulting in an incremental ECL charge of R$88 million for the quarter ended December 31, 2025; (iii) the Company experienced an undisclosed Stage 3 formation rate exceeding 7% in the fourth quarter of 2025, materially departing from the historical trends disclosed in the offering documents; (iv) the offering documents materially overstated the effectiveness of PicS N.V.'s credit models, user data, and underwriting and risk-monitoring capabilities; and (v) prior to the IPO, PicS N.V.'s expansion into riskier business lines had led to deteriorating credit quality, increased default and impairment risk, and adverse financial and operational trends that were expected to continue worsening and materially impact the Company's business and financial results.
The case is FirstFire Global Opportunities Fund, LLC v. PicS N.V., No. 26-cv-04793.
WHAT TO DO? If you invested in PicS and suffered a loss during the relevant time frame, you have until August 4, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
, /PRNewswire/ -- The law firm of Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Commvault Systems, Inc. (NASDAQ: CVLT) securities between April 29, 2025 and January 26, 2026, inclusive (the "Class Period"), have until Friday, July 17, 2026 to seek appointment as lead plaintiff of the Commvault class action lawsuit. Captioned Imbert v. Commvault Systems, Inc., No. 26-cv-05654 (D.N.J.), the Commvault class action lawsuit charges Commvault as well as certain of Commvault's top current and former executive officers with violations of the Securities Exchange Act of 1934.
If you suffered substantial losses and wish to serve as lead plaintiff of the Commvault class action lawsuit, please provide your information here:
You can also contact attorneys Ken Dolitsky or Michael Albert of Robbins Geller by calling 800/851-7783 or via e-mail at [email protected].
CASE ALLEGATIONS: Commvault provides cyber resiliency solutions for enterprises to protect, secure, and recover data, applications, and identity systems.
The Commvault class action lawsuit alleges that defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (i) defendants created the false impression that Commvault's annualized recurring revenue ("ARR") growth would remain steady throughout fiscal year 2026; (ii) Commvault knew or recklessly disregarded the impact that different types of sales would have on its ARR growth; and (iii) the variation in net ARR growth is strongly based on the type of sale Commvault is making, thus, Commvault's projected net new ARR should not have been determined without properly factoring in sale type.
The Commvault class action lawsuit further alleges that on January 27, 2026, Commvault released its third quarter 2026 financial results, revealing net new ARR of $39 million, below Commvault's previously guided $45 million. On this news, the price of Commvault stock fell more than 31%, according to the complaint.
THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Commvault securities during the Class Period to seek appointment as lead plaintiff in the Commvault class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Commvault class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Commvault class action lawsuit. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Commvault class action lawsuit.
ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world's leading law firms representing investors in securities fraud and shareholder rights litigation. Our Firm ranked #1 on the most recent ISS Securities Class Action Services Top 50 Report, recovering more than $916 million for investors in 2025. This marks our fourth #1 ranking in the past five years. And in those five years alone, Robbins Geller recovered $8.4 billion for investors – $3.4 billion more than any other law firm. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs' firms in the world, and the Firm's attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information:
NEW YORK CITY & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of LCI Industries (NYSE: LCII) to Patrick Industries, Inc. (NASDAQ: PATK). Under the terms of the proposed transaction, shareholders of LCI will receive 1.2440 shares of Patrick common stock for each share of LCI that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
If you believe that this transaction undervalues the Company and/or if you would like to discuss your legal rights regarding the proposed sale, you may, without obligation or cost to you, e-mail or call KSF Managing Partner Lewis S. Kahn ([email protected]) toll free at any time at 855-768-1857, or visit https://www.ksfcounsel.com/cases/nyse-lcii/ to learn more.
To learn more about KSF, whose partners include the Former Louisiana Attorney General, visit www.ksfcounsel.com.
PHOENIX--(BUSINESS WIRE)--Western Alliance Bank (NYSE: WAL) today announced that Matt Griesbach, Commercial & Industrial Industry Executive for Aerospace, Defense & Government Contracting, has been named a 2026 Defense & Aerospace Business Visionary by the LA Times Studios, recognizing his role in expanding access to capital across the aerospace and defense sector. Since founding Western Alliance Bank's Aerospace, Defense & Government Contracting Group in late 2023, Griesbach an.
, /PRNewswire/ -- Robbins LLP reminds stockholders that a class action was filed on behalf of all investors who purchased or otherwise acquired Peabody Energy Corporation (NYSE: BTU) common stock between October 14, 2024 to May 4, 2026. Peabody Energy describes itself as a leading producer of metallurgic and thermal coat. The Company owns interests in 16 active coal mining operations in the United States and Australia.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: Robbins LLP is Investigating Allegations that Peabody Energy Corporation (BTU) Misled Investors Regarding Production at its Centurion Mine
According to the complaint, during the class period, defendants provided investors with material information concerning Peabody Energy's expected longwall production rates at its Centurion mine for fiscal year 2026. In truth, Peabody Energy's overly optimistic March 2026 Centurion ramp-up date and promises regarding the Company's inflated guidance fell short of reality when numerous issues at Centurion caused a significant delay to the mine's ramp-up.
Plaintiff alleges that on March 30, 2026, defendants filed a "Regulation FD Disclosure" with the SEC lowering guidance relating to the Centurion mine's output for first quarter 2026 ahead of Peabody Energy's first quarter 2026 earnings release. On this news, Peabody Energy's stock fell from a closing market price of $39.50 per share on March 27, 2026 to $35.68 per share on March 30, 2026, a decline of about 9.7% in the span of a single trading day.
Then, on May 5, 2026, Peabody Energy issued a press release disclosing the Company's failure to ramp-up Centurion by the March 2026 deadline and cutting guidance related to full year met segment volumes to reflect the increased cost and substantial volume decrease. On this news, the price of Peabody Energy's common stock declined from a closing market price of $26.52 per share on May 4, 2026, to $25.00 per share on May 5, 2025, a decline of 5.7%.
What Now: You may be eligible to participate in the class action against Peabody Energy Corporation. Shareholders who wish to serve as lead plaintiff for the class must submit their papers with the court by August 24, 2026. The lead plaintiff is a representative party who acts on behalf of other class members in directing the litigation. You do not have to participate in the case to be eligible for a recovery. If you choose to take no action, you can remain an absent class member. For more information, click here.
All representation is on a contingency fee basis. Shareholders pay no fees or expenses.
About Robbins LLP: A recognized leader in shareholder rights litigation, the attorneys and staff of Robbins LLP have been dedicated to helping shareholders recover losses, improve corporate governance structures, and hold company executives accountable for their wrongdoing since 2002.
To be notified if a class action against Peabody Energy Corporation settles or to receive free alerts when corporate executives engage in wrongdoing, sign up for Stock Watch today.
Attorney Advertising. Past results do not guarantee a similar outcome.
On July 02, 2026, KLA Corp (KLAC) shares fell 11.5% to a current price of $235.55. This decline comes amid a 52-week range of $83.22 to $307.37, reflecting sign
On July 02, 2026, Amphenol Corp (APH) shares fell 4.4% to $164.59, reflecting a slight dip over the past week but a significant increase of 68.2% over the last
Opendoor Technologies (OPEN 0.71%), a digital residential home buying and selling platform, closed at $4.90, down 0.81%. Broader tech selling pressured the shares, and investors are watching chip and AI momentum for signs of stabilization.
The company’s trading volume reached 89.5M shares, which is roughly 112% above its three-month average of 42.2M shares.
How the markets moved todayThe S&P 500 (^GSPC +0.00%) fell 0.07% to 7,473.24, unchanged from the previous session. The Nasdaq Composite (^IXIC 0.80%) dropped 0.80% to 25,832. Among U.S. residential real estate technology and online home-buying/selling services peers, Z closed at $33.43, up 1.24%, and Compass finished at $12.62, up 0.60%, showing firmer trading than Opendoor Technologies during the session.
What this means for investorsOpendoor’s recent decline kept attention on whether its operating turnaround can hold in a challenging housing market. The stock lagged some housing-technology peers, though its Russell 3000 inclusion may help explain the elevated trading volume. Upcoming updates on housing demand, resale margins, and adjusted EBITDA progress will be the clearest signals of whether the turnaround is gaining durability.
For long-term investors, the key test is whether Opendoor can expand home acquisitions, improve resale economics, and turn recent inventory progress into a more durable path toward profitability.
Eric Trie has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
HOUSTON--(BUSINESS WIRE)--Insperity, Inc. (NYSE: NSP), a leading provider of human resources and business performance solutions for America’s best businesses, will release its second quarter earnings after the close of the New York Stock Exchange on Wednesday, July 29, 2026. A teleconference hosted by Insperity’s management will be held at 5:00 p.m. ET to discuss the quarter and business trends. Investors, analysts, media and other interested persons may access the call at 888-506-0062, conference i.d. number 531909. The call will also be webcast live at http://ir.insperity.com. A replay of the conference call will be available at 877-481-4010, conference i.d. number 54244, for one week after the call. The webcast will be archived for one year. The conference call script and company guidance for the third quarter and full year 2026 will be posted to the Insperity Investor Relations website.
About Insperity
Since 1986, Insperity’s mission has been to help businesses succeed so communities prosper. Offering a suite of the most comprehensive, scalable HR solutions available in the marketplace, Insperity is defined by an unrivaled breadth and depth of services and level of care. Through an optimal blend of premium HR service and technology, Insperity delivers the administrative relief, reduced liabilities and better benefit solutions that businesses need to drive performance and growth. With 2025 revenues of $6.8 billion and sales and service operations throughout the U.S., Insperity is currently making a difference in thousands of businesses and communities nationwide. For more information, visit http://www.insperity.com.
NEW YORK--(BUSINESS WIRE)--Pershing Square Inc. (NYSE:PS) (“Pershing Square” or the “Company”) today announced that its Board of Directors has declared a quarterly cash dividend of $0.122 per share of its common stock for the third quarter of 2026, payable on July 21, 2026 to shareholders of record as of the close of business on July 13, 2026.
This cash dividend marks Pershing Square’s first quarterly cash dividend since its initial public offering. The declaration and amount of any future quarterly cash dividends are at the sole discretion of the Company’s Board of Directors and may be variable from quarter to quarter. See Part I. Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity – Dividend Policy” in the Company’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 for additional information.
About Pershing Square Inc.
Pershing Square Inc. is the parent company of Pershing Square Capital Management, L.P., an SEC-registered investment advisor to investment funds and other companies, based in New York.
Forward-Looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. When Pershing Square uses words such as "will", "expect" or similar expressions that do not relate solely to historical matters, Pershing Square is making forward-looking statements. Forward-looking statements are not guarantees of future performance or results and involve risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking statements. Pershing Square undertakes no obligation to update any "forward-looking statement" made in this press release, whether as a result of new information, changed assumptions, the occurrence of unanticipated events, or otherwise, except as required by law.
New York, New York and New Orleans, Louisiana--(Newsfile Corp. - July 2, 2026) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., notifies investors in AeroVironment, Inc. ("AeroVironment" or the "Company") (NASDAQ: AVAV) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of investors of AeroVironment, Inc. who were adversely affected if they purchased the Company's securities between June 25, 2025 and March 10, 2026, both dates inclusive (the "Class Period"). This action is pending in the United States District Court for the Eastern District of Virginia.
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AeroVironment investors should contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-avav/ to learn more.
CLICK HERE for more information
CASE DETAILS: According to the Complaint, AeroVironment and certain of its executives are charged with failing to disclose material information during the class period, violating federal securities laws.
The alleged false and misleading statements and omissions include, but are not limited to, that: (i) the Company understated the likelihood that it would imminently face competition from other vendors for the work it performed in connection with the U.S. Space Force's Satellite Communication Augmentation Resource program and the U.S. Space Force's ongoing efforts to modernize the Satellite Control Network; (ii) accordingly, defendants overstated AeroVironment's business and financial prospects; and (iii) as a result, defendants' public statements were materially false and misleading at all relevant times.
The case is Norrell v. AeroVironment, Inc., et al, No. 26-cv-01429.
WHAT TO DO? If you invested in AeroVironment and suffered a loss during the relevant time frame, you have until July 27, 2026 to request that the Court appoint you as lead plaintiff; however, your ability to share in any recovery does not require that you serve as a lead plaintiff.
To Learn More, Click HERE
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation's premier boutique securities litigation law firms. This past year, KSF was ranked by SCAS among the top 10 firms nationally based upon total settlement value. KSF serves a variety of clients, including public and private institutional investors, and retail investors - in seeking recoveries for investment losses emanating from corporate fraud or malfeasance by publicly traded companies. KSF has offices in New York, Delaware, California, Louisiana, Chicago, and a representative office in Luxembourg.
TOP 10 Plaintiff Law Firms - According to ISS Securities Class Action Services
To learn more about KSF, you may visit www.ksfcounsel.com.
CHARLOTTE, N.C.--(BUSINESS WIRE)--Six Flags Entertainment Corporation (NYSE: FUN) (“Six Flags” or the “Company”), North America's largest regional amusement park operator, today announced the appointment of Mark Pauls as Chief Operating Officer, effective July 15, 2026. Pauls succeeds Tim Fisher, who will serve as a Special Advisor to the Company through December 15, 2026, to ensure a smooth transition.Mark Pauls is a disciplined operator with nearly five decades of experience in the entertainme.
Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of common stock of Badger Meter, Inc. (NYSE: BMI) between April 18, 2024 and April 16, 2026, inclusive (the "Class Period"), of the important August 3, 2026 lead plaintiff deadline.
So what: If you purchased Badger Meter common stock during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
What to do next: To join the Badger Meter class action, go to https://rosenlegal.com/cases/badger-meter-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 3, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Details of the case: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements concerning the drivers of Badger Meter's "record" financial results, demand for Badger Meter's products, and its prospects for continued growth. During the Class Period, defendants told investors that Badger Meter's strong financial results reflected "ongoing favorable industry trends," "secular growth drivers," and "solid operating execution." They likewise touted "strong" demand and said they were seeing "robust order pacing and a strong bid pipeline that positions us well for continued sales and earnings growth," and that Badger Meter possessed a "long runway" for growth.
According to the lawsuit, these statements were materially false and misleading. In truth, Badger Meter's financial results during the Class Period were at least partially attributable to Badger Meter's practice of pulling-forward customer orders to recognize revenue early, which concealed weakening demand and deteriorating near-term order trends. This practice also depleted revenue otherwise available for future periods, ultimately causing the disappointing financial results Badger Meter later reported. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Badger Meter class action, go to https://rosenlegal.com/cases/badger-meter-inc/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
VICTOR, N.Y.--(BUSINESS WIRE)--Broadstone Net Lease, Inc. (NYSE: BNL) (“Broadstone,” “BNL,” the “Company,” “we,” “our,” or “us”), today announced that it will release its financial and operating results for the quarter ended June 30, 2026, after the market closes on Wednesday, July 29, 2026. The Company will host its earnings conference call and audio webcast on Thursday, July 30, 2026, at 11:00 a.m. Eastern Time.
Conference Call and Webcast Details
To access the live webcast, which will be available in listen-only mode, please visit: https://events.q4inc.com/attendee/863656141. If you prefer to listen via phone, U.S. participants may dial: 1-833-461-5787 (toll free) or 1-585-542-9983 (local), meeting ID: 863 656 141. Analysts may pre-register with the following link: https://events.q4inc.com/analyst/863656141?pwd=10S710iX. A unique code will be provided to use when dialing in.
A replay of the conference call webcast will be available approximately one hour after the conclusion of the live broadcast. To listen to a replay of the call via the web, which will be available for one year, please visit: https://investors.bnl.broadstone.com.
About Broadstone Net Lease, Inc.
BNL is an industrial-focused, diversified net lease REIT that invests in primarily single-tenant commercial real estate properties that are net leased on a long-term basis to a diversified group of tenants. Utilizing an investment strategy underpinned by strong fundamental credit analysis and prudent real estate underwriting, as of March 31, 2026, BNL’s diversified portfolio consisted of 773 individual net leased commercial properties with 766 properties located in 44 U.S. states and seven properties located in four Canadian provinces across the industrial, retail, and other property types.
Forward-Looking Statements
This press release contains “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our plans, strategies, and prospects, both business and financial. Such forward-looking statements can generally be identified by our use of forward-looking terminology such as “outlook,” “potential,” “may,” “will,” “should,” “could,” “seeks,” “approximately,” “projects,” “predicts,” “expect,” “intends,” “anticipates,” “estimates,” “plans,” “would be,” “believes,” “continues,” or the negative version of these words or other comparable words. Forward-looking statements, including our 2026 guidance and assumptions, involve known and unknown risks and uncertainties, which may cause BNL’s actual future results to differ materially from expected results, including, without limitation, risks and uncertainties related to general economic conditions, including but not limited to increases in the rate of inflation and/or interest rates, local real estate conditions, tenant financial health, property investments and acquisitions, and the timing and uncertainty of completing these property investments and acquisitions, and uncertainties regarding future distributions to our stockholders. These and other risks, assumptions, and uncertainties are described in Item 1A “Risk Factors” of the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 19, 2026, which you are encouraged to read, and will be available on the SEC’s website at www.sec.gov. Please note that such Risk Factors will be updated, if necessary, through the filing of Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. The Company assumes no obligation to, and does not currently intend to, update any forward-looking statements after the date of this press release, whether as a result of new information, future events, changes in assumptions, or otherwise.
July 02, 2026 16:30 ET | Source: Range Resources Corporation
FORT WORTH, Texas, July 02, 2026 (GLOBE NEWSWIRE) -- RANGE RESOURCES CORPORATION (NYSE: RRC) announced today that its second quarter 2026 financial results news release will be issued Tuesday, July 21 after the close of trading on the New York Stock Exchange.
A conference call to review the financial results is scheduled on Wednesday, July 22 at 9:00 a.m. ET (8:00 a.m. CT). A webcast of the call may be accessed at www.rangeresources.com. The webcast will be archived for replay on the Company's website until August 22, 2026.
RANGE RESOURCES CORPORATION (NYSE: RRC) is a leading U.S. independent natural gas and NGL producer with operations focused in the Appalachian Basin. The Company is headquartered in Fort Worth, Texas. More information about Range can be found at www.rangeresources.com.
Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of PennyMac Financial Services, Inc. (NYSE: PFSI) resulting from allegations that PennyMac may have issued materially misleading business information to the investing public.
So What: If you purchased PennyMac securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.
What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=51887 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
What is this about: On January 29, 2026, PennyMac filed a Current Report with the Securities Exchange Commission on Form 8-K announcing PennyMac's fourth quarter and full-year 2025 financial results. The report stated that PennyMac's "servicing segment pretax income was $37.3 million, down from $157.4 million in the prior quarter and $87.3 million in the fourth quarter of 2024," as well as "[retax income excluding valuation-related items was $47.8 million, down 70 percent from the prior quarter driven primarily by increased realization of mortgage servicing rights (MSR) cash flows as lower mortgage rates drove higher prepayment activity."
On this news, PennyMac's stock price fell $49.78 per share, or 33.3%, to close at $99.92 per share on January 30, 2026.
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
[email protected]
www.rosenlegal.com
NEW YORK, July 02, 2026 (GLOBE NEWSWIRE) -- Rosen Law Firm, a global investor rights law firm, continues to investigate potential breaches of fiduciary duties by the directors and officers of Manhattan Associates, Inc. (NASDAQ: MANH).
If you currently own shares of Manhattan Associates stock, please visit the firm’s website at https://rosenlegal.com/submit-form/?case_id=35966 for more information. You may also contact Phillip Kim of Rosen Law Firm toll free at 866-767-3653 or via email at [email protected].
Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827 [email protected]
www.rosenlegal.com
ST. GEORGE, Utah--(BUSINESS WIRE)--SkyWest, Inc. (NASDAQ: SKYW) will host a live conference call and webcast after the market closes on Thursday, July 23, 2026 to discuss second quarter 2026 results. The format will include an overview of the quarterly results followed by a Q&A session.
Thursday, July 23, 2026
2:30 p.m. Mountain Time
Interested parties can access the webcast at:
https://events.q4inc.com/attendee/759519720
The call-in number for US callers is 1-888-330-2455
The call-in number for international callers is 1-240-789-2717
The conference ID/Event Plus passcode is: 8322450
Please connect ten minutes before the scheduled hour to ensure a prompt starting time. If you have any questions, please contact Investor Relations at 435-634-3200.
In addition, a digital rebroadcast of the conference call will be available after 5:30 p.m. MT on July 24, 2026 through August 6, 2026 at 9:59 p.m. MT. US callers can access the rebroadcast by dialing 1-800-770-2030; international callers can access the rebroadcast by dialing 1-609-800-9909. The conference ID is 8322450#. Your participation is welcomed and appreciated.
CENTER VALLEY, Pa.--(BUSINESS WIRE)--Shift4 Payments, Inc. (“Shift4” or the “Company”) (NYSE: FOUR), announced today, in connection with the 10,000,000 shares of 6% Series A Mandatory Convertible Preferred Stock issued on May 5, 2025, consistent with the terms laid out in the offering, the Board of Directors has declared a dividend of $1.50 per share to be paid in cash on August 3, 2026 to holders of record as of the close of business on July 15, 2026.
Subject to the terms of the Mandatory Convertible Preferred Stock, and as described further in the prospectus supplement filed by the Company with the Securities and Exchange Commission on May 2, 2025, the declaration and payment of future quarterly dividends, if any, will be at the sole discretion of the Board of Directors based on its consideration of various factors, including the company’s operating results, financial condition and anticipated capital requirements.
Additional information regarding the Series A Mandatory Convertible Preferred Stock can be found within the Company’s Current Report on Form 8-K, filed with the Securities and Exchange Commission on May 5, 2025, which can be accessed via the Company’s website investors.shift4.com.
About Shift4
Shift4 (NYSE: FOUR) powers the experience economy, enabling businesses to deliver the moments that matter. Transforming how people shop, dine, stay, and play, Shift4’s commerce technology allows for a seamless experience at any scale. From your neighborhood restaurant to the world’s largest event venues, Shift4 handles billions of transactions annually for hundreds of thousands of businesses around the world. For more information, visit shift4.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Shift4 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release that do not relate to matters of historical fact should be considered forward-looking statements, including statements regarding Shift4’s expectations associated with the declared dividends and future dividend payments. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including, but not limited to the substantial and increasingly intense competition worldwide in the financial services, payments and payment technology industries; our ability to continue to expand our share of the existing payment processing markets or expand into new markets; additional risks associated with our expansion into international operations, including compliance with and changes in foreign governmental policies, as well as exposure to foreign exchange rates; and our respective ability to integrate and interoperate each of our services and products with a variety of operating systems, software, devices, and web browsers, and the other important factors discussed under the caption “Risk Factors” in Part I, Item 1A in Shift4’s Annual Report on Form 10-K for the year ended December 31, 2025, as updated by our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 and our other filings with the SEC. Any such forward-looking statements represent management’s expectations as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, Shift4 disclaims any obligation to do so, even if subsequent events cause our views to change.
MIAMI, July 02, 2026 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for July 2026 of $0.0833 per share, comprised of an $0.08 per share base dividend and $0.0033 per share supplemental dividend, payable on August 3, 2026 to stockholders of record as of July 15, 2026. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission.
The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation.
The specific tax characteristics of this distribution can be found on our website www.pennantpark.com.
ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD.
PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC.
ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC
PennantPark Investment Advisers, LLC, a leading middle market credit platform, and its affiliates, manage approximately $10 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles, Amsterdam, and Zurich. For more information about PennantPark and affiliates, please go to our website at www.pennantpark.com.
FORWARD-LOOKING STATEMENTS
This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made.
The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice.
CONTACT:
Richard T. Allorto, Jr.
PennantPark Floating Rate Capital Ltd.
(212) 905-1000
www.pennantpark.com
On 12 May 2026, the annual general meeting of Equinor ASA (OSE: EQNR, NYSE: EQNR) resolved to reduce the company's share capital by NOK 415,146,180.00 from NOK 6,392,018,780.00 to NOK 5,976,872,600.00 through cancellation and redemption of a total of 166,058,472 shares.
The creditor notice period for the capital reduction has expired, and the capital reduction was registered as effective with the Norwegian Register of Business Enterprises today, 2 July 2026.
Following completion of the capital reduction, the share capital of the company is NOK 5,976,872,600.00 divided into 2,390,749,040 shares of nominal value NOK 2.50 each.
This information is subject to the disclosure requirements pursuant to Euronext Oslo Børs Rulebook II section 4.2.5.5 and Section 5-12 of the Norwegian Securities Trading Act.
Our top story so far, nonfarm payrolls rose by 57K in June, missing the 114K consensus estimate posting a sharp drop from 129K jobs added in May.
The unemployment rate unexpectedly declined to 4.2% from 4.3% in May.
Some workers apparently stopped looking for employment. The labor force participation rate slipped to 61.5%, weaker than the 61.8% consensus and 61.8% in May.
Average hourly earnings increased 0.3% M/M in June, in line with consensus and maintaining the same pace as May. On a year-over-year basis, average hourly earnings rose 3.5% Y/Y.
BlackRock chief investment officer Rick Rider says while the headline figure missed, "the trend continued to look solid and stable relative to the more volatile data from the early part of the year, and the weaker figures seen in late 2025."
"That said, we have previously indicated that while artificial intelligence spending may boost some employment figures in the short run, it also holds the potential to limit employment in the most AI-sensitive sectors longer term, as it boosts productivity and aids growth overall."
Among active stocks, memory stocks continue to tumble after South Korea’s Kospi Index slumped about 8%. South Korean memory chip giant SK Hynix (HXSCL) plummeted nearly 15%, while peer Samsung Electronics (SSNLF) tumbled around 9%.
Micron Technology (MU), Sandisk (SNDK) and Western Digital (WDC) are all under pressure.
Apple (AAPL) is reportedly planning an ambitious iPhone launch for the second half of this year and first half of 2027 with at least five new models and a larger volume of folding handsets than previously expected.
Genuine Parts (GPC) surged after a report that O'Reilly Automotive (ORLY) made a cash bid for its auto-parts division.
The automotive-parts arm could be valued at $10B or more in a transaction, according to Bloomberg report. A potential sale of the division could be announced by the end of the summer.
In other news of note, in the most American suburbs lawsuit imaginable, 7-Eleven has sued Nike (NKE).
7-Eleven alleges the upcoming Air Max 95 sneaker infringes its trademark by using a stripe design resembling the convenience store chain's signature orange, green and red branding.
The lawsuit, filed in federal court in Texas, says the shoe is set for release on July 11, a date associated with 7-Eleven Day and the retailer's annual Free Slurpee Day promotion. It alleges the design could lead consumers to mistakenly believe the shoe is sponsored or endorsed by 7-Eleven.
The chain says it unsuccessfully sought to resolve the dispute before filing suit.
And in the Wall Street Research Corner, renowned tech analyst and all-things AI bull Dan Ives is leaving Wedbush to launch a merchant bank that combines research, advisory, capital raising and investing.
Ives the venturer “will change the way Wall Street looks at investment banks.”
He also intends to continue covering technology stocks in a research capacity while helping build the broader business. Wedbush Fund Advisers will continue managing the Dan Ives AI Revolution ETF (IVES) and the Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP).
Editor's Note: This article discusses one or more securities that do not trade on a major U.S. exchange. Please be aware of the risks associated with these stocks.
A securities fraud class action lawsuit has been filed on behalf of Futu investors after its stock plummeted over 27% because Futu allegedly misled investors regarding its business operations in mainland China without regulatory approval subjecting it to additional risks and penalties.
NEW YORK--(BUSINESS WIRE)--Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Futu Holdings Limited (NASDAQ:FUTU) and certain of the Company’s senior executives for securities fraud after its significant stock drop resulting from potential violations of the federal securities laws.
A securities fraud class action lawsuit has been filed on behalf of Futu investors after its stock plummeted over 27% because Futu allegedly misled investors regarding its business operations in mainland China without regulatory approval.
ShareIf you invested in Futu, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/futu-class-action-lawsuit.
Key Details of the Futu ($FUTU) Class Action:
Lead Plaintiff Deadline: August 25, 2026Alleged Misconduct: Securities fraud relating to Futu’s business operations in China without regulatory approval which subjected it to regulatory penalties and finesLargest Alleged Stock Drop: May 22, 2026 – 27.5% Stock DropCourt: U.S. District Court for the Southern District of New YorkAction: Contact BFA Law to discuss your rightsInvestors have until August 25, 2026 to ask the Court to be appointed to lead the case. The complaint asserts securities fraud claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Futu securities. The class action is pending in the U.S. District Court for the Southern District of New York. It is captioned Tang v. Futu Holdings Limited et al., No. 26-cv-05453.
Why is Futu Being Sued for Securities Fraud?
Futu is a financial technology company that operates fully digitalized securities brokerage and wealth management platforms. Headquartered in Hong Kong, the company primarily acts as an online broker connecting retail and institutional investors to global financial markets. In December 2022, China Securities Regulatory Commission (“CSRC”) issued a statement that Futu has conducted cross-border securities businesses with domestic investors in mainland China without regulatory consent. As a result, Futu was banned from opening new accounts from mainland Chinese investors and soliciting new business from mainland investors.
Throughout the relevant period, Futu allegedly misrepresented its business operations and risks by continuing its business in mainland China, subjecting the company to additional penalties and fines.
Why did Futu’s Stock Drop?
On May 22, 2026, Reuters published an article indicating that Futu would be penalized for soliciting business in China without a license. The same day, Futu announced that the CSRC would be issuing penalties and fines in the aggregate amount of RMB1.85 billion (approximately USD271 million) due to operating its business in mainland China without regulatory approval.
This news caused the price of Futu stock to drop $34.10 per share, or 27.5%, from a closing price of $123.86 per share on May 21, 2026, to $89.76 per share on May 22, 2026.
On May 28, 2026, Futu announced its Q1 2026 results. Futu announced disappointing results due to the CSRC penalties in the amount of RMB1.85 billion (approximately USD271 million).
This news caused the price of Futu stock to drop $5.31 per share, or 4.8%, from a closing price of $110.22 per share on May 27, 2026, to $104.91 per share on May 28, 2026.
Click here for more information: https://www.bfalaw.com/cases/futu-class-action-lawsuit.
What Can You Do?
If you invested in Futu, you may have legal options and are encouraged to submit your information to the firm.
All representation is on a contingency fee basis; there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.
BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters.
Most recently, The Legal 500 awarded BFA the most client satisfaction accolades of any plaintiff’s securities litigation law firm, with clients noting: “[t]here is no better service provider in the practice area,” “[t]he interest of the client is always front and center,” and “[t]here isn’t a better firm in this space.” One testimonial described the firm as “nimble and entrepreneurial,” with a “relentless focus on adding value for clients.”
Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.
For more information about BFA and its attorneys, please visit https://www.bfalaw.com.
New York, New York--(Newsfile Corp. - July 2, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of securities of Futu Holdings Limited (NASDAQ: FUTU) between May 24, 2023 and May 27, 2026, inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026.
SO WHAT: If you purchased Futu securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.
WHAT TO DO NEXT: To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than August 25, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered billions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.
DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and misleading statements and/or failed to disclose that: (1) Futu was not in compliance with the requirements of the China Securities Regulatory Commission (the "CSRC"), including because Futu continued to conduct securities business, public fund sales business and futures business in mainland China without obtaining the requisite licenses or approval; (2) as a result, Futu was reasonably likely to face regulatory penalties, including the disgorgement of ill-gotten gains and other penalties; (3) as a result of the foregoing, Futu's financial results were overstated; and (4) as a result of the foregoing, defendants' positive statements about Futu's business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.
To join the Futu class action, go to https://rosenlegal.com/cases/futu-holdings-limited/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.
No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.
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Attorney Advertising. Prior results do not guarantee a similar outcome.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/303804
Source: The Rosen Law Firm PA
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Following its initial public offering (IPO) on June 12, Space Exploration Technologies (SPCX +2.69%) immediately became one of the world's largest publicly traded companies. The space tech and artificial intelligence (AI) company went public at a valuation of $1.77 trillion and has since seen its valuation march even higher, with its market capitalization sitting at $2.1 trillion as of this writing. Now, SpaceX is coming up on another milestone.
After the market closes on July 6, SpaceX will be added to the Nasdaq-100 index -- an index that includes the 100 largest, non-financial companies that trade on the Nasdaq stock exchange. As a result, exchange-traded funds (ETFs) that track the Nasdaq-100 will be buying the stock so that their portfolios accurately reflect the index. In turn, the buying action could be a catalyst that works to send the company's share price higher. Does that mean SpaceX stock is a buy before July 7?
Image source: Getty Images.
Is SpaceX stock a hot buy ahead of its Nasdaq-100 inclusion? While SpaceX has seen some substantial swings since its IPO, it's also shown meaningful pricing support near the $160.95 per share level it closed at on the day of its public debut. As of this writing, the company's share price is just below that level and 17% from its $135 per share listing price.
With inclusion in the Nasdaq-100 on the horizon and the promise of SpaceX being added to other major indexes in the not-too-distant future, I wouldn't be surprised to see the stock gain ground between now and July 7. On the other hand, I also don't think that investors should rush to buy shares ahead of next week's big index inclusion milestone.
For starters, SpaceX stock does not trade in a vacuum -- and macroeconomic and geopolitical dynamics will continue to have a significant impact on how its stock trades in the near term and the long term. I also think that the stock trades at hugely growth-dependent valuation levels that look difficult to justify right now.
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SpaceX recorded a net loss of roughly $4.9 billion last year on sales of approximately $18.7 billion. While it appears very likely that the business will see sales growth that exceeds last year's annual expansion of 33%, there's a good chance that heavy spending on the company's AI segment will also result in this year's annual loss coming in far above last year's level.
SpaceX is roughly three weeks removed from its IPO, and there's a risk that hype connected to its public debut and investors hoping to score gains with short-term trades are still propping up its valuation. There may also be a bigger "cash out" risk looming through the remainder of the year.
While SpaceX insiders are currently prohibited from selling their shares due to the post-IPO lockup period, roughly $800 billion in shares will become eligible for sale by October. Given that many inside shareholders have already seen massive gains on stock issued throughout SpaceX's time as a privately held company, there's a good chance that there will be a lot of selling action later in the year. With that in mind, I think investors will likely have the opportunity to purchase shares well below their current valuation levels by the end of the year.
CNBC’s Oliver Renick spent part of his July 2 segment on a tension defining SpaceX (NASDAQ:SPCX) trading. A Daiwa Securities analyst opened Thursday labeling the stock’s valuation “catastrophic”. Options desks spent the same morning buying calls.
Shares are up roughly 9% off recent lows after a three-day bounce, closing at $157.54 on July 1 and trading around $157 as of this writing, down some 0.3%. The company joins the NASDAQ 100 on Tuesday (July 7), which makes this worth stopping on.
The bull-bear disconnect “Options flows continue to look bullish. That’s despite an analyst from daiwa securities this morning calling the stock’s valuation quote catastrophic.”
The valuation critique is not fringe. Jim Cramer, on his May 26 show, said “it’s very difficult to justify giving SpaceX a $2 trillion valuation. But the bottom line is that people have been willing to pay up in the private markets, and I bet they’ll pay up in the public ones.” The public market has not obliged, with a current market cap around $2.07 trillion. That is far from the $350 billion employee tender at the end of 2024 and worth remembering when someone uses the word catastrophic.
Retail sentiment on Reddit tells the same split story. Monthly r/stocks and r/investing discussion has skewed bearish, with posts like “The math isn’t mathing on the SpaceX IPO” drawing thousands of upvotes. Meanwhile r/wallstreetbets runs a different playbook, headlined by “SPACEX Calls Are Now Dirt Cheap.”
What the call buying is really saying Renick pointed to the specific strikes. “What we saw earlier in the week was some pretty big call buying in the 160 and the 170 strikes. Those right now are pretty close to the money.”
Near-the-money calls are the least speculative way to bet on movement. Traders buying way out-of-the-money strikes are lottery-ticket shoppers. Traders paying up for 160s and 170s while the stock sits near 158 want direct exposure to the next move. Prediction markets echo that. On Polymarket, the probability SPCX finishes the week above $150 sits at 0.89, with the most likely weekly close pegged at $155 (0.54 probability). Above $165 collapses to 0.105. Traders are betting on a floor.
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Call buying at these strikes communicates upside conviction, capped.
Why this is a volatility story, not a guaranteed pop Index inclusion sounds like free money, and Renick addressed the temptation head on. “The inclusion will mean for the stock price due to so-called forced buyers, but the much clearer implication is that it’s going to raise the volatility for index fund holders.”
Every fund tracking the NASDAQ 100 via Invesco QQQ Trust (NASDAQ:QQQ) and its peers must buy SpaceX shares to match the index. That is the mechanical part. What it imports is a stock trading with volatility at 88 into an index whose own volatility sits near 27. For reference, S&P volatility is below 16, and even semiconductor volatility is at 60. The VIX itself closed at 16.45 on June 30, well within normal.
Renick landed the punchline. “Space right now is going to add to the growing gap between NASDAQ 100 and S&P volatility, which is a spread that’s at unprecedented highs.”
QQQ holders, many of whom have never made an active decision about SpaceX, are about to own a stock whose daily swings dwarf anything else in their portfolio. QQQ is up 15.9% year to date and 29% over the past year. Adding SpaceX changes the size of the daily move for QQQ holders.
The takeaway for a regular investor is not whether the Daiwa analyst is right or the call buyers are right. Both can be. The valuation is stretched by any private-market comparison, and the near-term flow is genuinely bullish. What changes on Tuesday is that a passive NASDAQ 100 position becomes an active volatility position, whether you asked for it or not. Look at your QQQ exposure with that in mind.
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@nasdaq's Kevin Davitt talks about SpaceX (SPCX) being added to the Nasdaq-100 and what it signals for index flows. He says that past additions have caused brief volatility spikes followed by a quick return to normal as the markets adjust.
Investors are probably still trying to figure out what to make of Space Exploration Technologies (SPCX +2.83%), or SpaceX, stock. It reached a high of $225.64 per share less than a week after its June 12 debut at $150 per share. However, a recent pullback has taken it to around $161 per share as of this writing, and it is unclear where it will go in the near term.
When looking ahead one year, we can assume that SpaceX will probably no longer benefit from post-IPO hype. Still, given the state of the company, the stock is more likely to struggle than prosper. Here's why.
Image source: The Motley Fool.
The current state of SpaceX Investors have taken to SpaceX because it incorporates many of Elon Musk's most successful companies, none of which are named Tesla. By buying this industrials stock that some might better classify as a communications stock, one invests in a space division that now dominates rocket launches, a connectivity business that includes satellite internet provider Starlink, and Musk's AI company, Grok.
SpaceX is also on track for accelerated growth. In the first quarter of 2026, it earned $4.7 billion in revenue, a 16% yearly increase, though that comparatively modest increase is likely an anomaly. Revenue was $18.7 billion in 2025, growing by 34% annually.
Analysts forecast 85% revenue growth in 2027, and even though it reported losses in its publicly available financial statements, they forecast a turn to profitability in 2027. Such factors will likely continue to support a premium valuation.
Still, since it appears overvalued right now, the question is how much of a premium investors will support. It is difficult to ignore that SpaceX stock trades at a trailing price-to-sales (P/S) ratio of 106. In comparison, Tesla trades at about 15 times sales, and Micron Technology, whose revenue growth is well into the triple digits, currently trades at a 12 P/S ratio. Even Palantir Technologies, which has commanded an eye-popping premium since late 2024, trades at a 67 sales multiple.
Considering SpaceX's valuation, anything can happen over the next year. However, given the size of SpaceX's premium, the sales multiple is more likely to fall than rise over the next 12 months, which does not bode well for SpaceX stock during that time.
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Although anything can happen with SpaceX stock over the next 12 months, investors should probably expect a pullback.
Admittedly, the 85% revenue growth forecast makes SpaceX stock likely to maintain a premium price. That growth will also reduce the P/S ratio if the stock price stays the same, potentially easing valuation concerns and easing longer-term performance worries.
Unfortunately, triple-digit P/S ratios are extremely rare and price a stock for perfection, meaning any bad news will likely pressure the stock price. Thus, investors may need to exercise patience amid the likely struggles the stock faces over the next year.
Apple (AAPL) is reportedly preparing a bigger iPhone launch cycle, with at least 5 new models planned through the second half of 2026 and first half of 2027.Acc
Meta CEO Mark Zuckerberg wears the Meta Ray-Ban Display glasses, as he delivers a speech presenting the new line of smart glasses, during the Meta Connect event at the company's headquarters... Purchase Licensing Rights, opens new tab Read more
NEW YORK, July 2 (Reuters) - Meta (META.O), opens new tab Chief Executive Mark Zuckerberg told an internal town hall on Thursday that AI agent development over the last four months had not "accelerated in the way we expected," according to a recording heard by Reuters.
Zuckerberg added that a company reorganization that included major job cuts was not as "clean" as it could have been and that the company's bets on the new structure "haven't come to fruition yet."
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Meta is projected to spend as much as $145 billion on AI infrastructure this year, a significant portion of Big Tech's more than $700 billion outlay on the technology.
Zuckerberg said he expects that the social media giant will begin to experience more significant benefits from its AI investments within the next three to six months.
A Meta spokesperson declined to comment on Thursday.
In the same town hall, Meta's chief technology officer, Andrew Bosworth, said a review of a recent data security incident with the company's controversial mouse-tracking software indicated that no employee data was included in AI training.
Last month, Meta paused the program, which tracks employee mouse movements and digital activity for AI training, while investigating the exposure of sensitive data.
If the company turns the program back on once the review is completed, it will be on an "opt-in" basis, he said.
When Meta first installed the program on U.S. employees' computers in April, Bosworth told them there was no way to opt out.
Reporting by Katie Paul in New York and Courtney Rozen in Washington; Additional reporting by Jaspreet Singh in Bengaluru; Editing by Peter Henderson and Matthew Lewis
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Courtney Rozen reports on the world's largest technology companies from Washington, D.C., focusing on the relationship between the tech industry and the U.S. government. She reported on DOGE and the federal workforce during the first year of U.S. President Donald Trump’s second term. Prior to joining Reuters, she was a White House correspondent at Bloomberg Government. She graduated from American University with a master's degree in journalism.
The electric vehicle (EV) maker reported second-quarter deliveries of 480,126 vehicles, up 25% year-over-year and up 34% from the first quarter.
This total came in ahead of a Street estimate of 406,000.
Munster shared on social media Thursday that the sell-off likely happened for three key reasons: buying on the rumor, high gas prices boosting demand, and the end of the Department of Government Efficiency headwind.
"The EV winter that started in March of 2024 is ending. Even backing out those one-time benefits, it still was a monster delivery number," Munster tweeted.
In a blog post, Munster expanded on the three reasons he gave for the share sell-off.
"Third-party data that suggested deliveries were up 20%, pushing the stock up 13% over the past five trading days."
High gas prices were evident for consumers in the second quarter, with a U.S. average price per gallon of $4.21, up 33% year-over-year. Munster said that may have pushed consumers to electric vehicles like Tesla. The investor questions how big of a tailwind this could have been with many seeing higher gas prices as a short-term item.
While Tesla CEO Elon Musk stepped away from his government work on DOGE in May 2025, the official end of the government effort could be a one-time positive catalyst for Tesla.
Munster said the delivery beat shouldn’t be discounted, as the Model S and Model X ended in the quarter. On a like-for-like basis, the growth rate would have been closer to 27%, the highest quarterly delivery growth rate on a year-over-year basis since September 2023.
What’s Next for TeslaThe strong quarterly figure is a positive for Tesla, with two favorable quarters in a row.
First-quarter deliveries were up 6% year-over-year, which came after the ending of the federal EV tax credit in September 2025.
"Now we have two quarters in a row of favorable delivery data, suggesting, in my book, that the EV winter is ending."
Munster highlights a third-quarter delivery estimate from the Street of year-over-year declines of 8%.
The investor said the strong deliveries also come as many investors and analysts are focusing more on items like the Robotaxi and Optimus, which are driving Tesla’s share price higher.
"I agree that’s the right focus, but deliveries still matter. More vehicles on the road mean more data, more FSD usage, more potential FSD customers, more Robotaxi supply, and overall more shots on goal in physical AI."
Price ActionTesla stock is down 7.9% to $391.55 on Thursday versus a 52-week trading range of $288.77 to $498.82. Year-to-date, it’s down 10.7%.
Image via Shutterstock
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After two years of sagging vehicle sales, Tesla (TSLA 7.35%) is having a much better 2026. The electric vehicle company posted record second-quarter sales numbers on Thursday, with vehicle deliveries jumping 25% from a year ago.
Thursday’s sales report topped analysts’ expectations and may help the company build momentum ahead of its second-quarter earnings report on July 22. Let’s look at three takeaways that investors should be considering as they parse Tesla’s quarterly production and delivery report and look ahead to quarterly earnings.
Image source: The Motley Fool.
Takeaway No. 1: Tesla’s turnaroundFirst, let’s look at Tesla’s deliveries and production. Deliveries were 480,126, or nearly 30,000 more than Tesla produced. That means Tesla sold more than it did a year ago, and also thinned out its inventory. Both of those are positive developments.
Metric Q2 2026 Q2 2025 % Change Production 451,758 410,244 10.1% Deliveries 480,126 383,122 25.3% Source: Tesla
Tesla’s deliveries also beat the company-compiled consensus from sell-side analysts, who projected 406,024 deliveries.
It was the second positive deliveries report for Tesla this year. In the first quarter, Tesla’s production numbers were up 12% from a year ago, and deliveries increased 6.3%. And it’s even more significant considering that Tesla saw annual declines in automotive sales in both 2024 and 2025.
Tesla does not break down deliveries by individual model, although it said that the Model 3 and Model Y SUV accounted for 97% of the company’s sales.
Seth Goldstein, a senior equity analyst at Morningstar, told Reuters that European sales bolstered Tesla’s sales numbers in the quarter. European customers can take advantage of government incentives and a growing focus by businesses on electrifying corporate fleets.
"I think the huge growth in Europe is the key driver for Tesla right now,” he said. “U.S. sales still appear to be down, albeit less than the broader U.S. EV decline, while China is seeing small growth.”
The China Passenger Car Association reported that Tesla’s sales in China increased 3.6% from May, totaling 85,982 units.
Tesla is also seeing faster easing of the consumer backlash against Tesla that resulted from CEO Elon Musk’s foray into politics. Musk took a central role in President Donald Trump’s campaign and headed the now-defunct Department of Government Efficiency (DOGE). He also was active in European politics, including his endorsement of the far-right Alternative for Germany party.
A Yale University report estimated that Musk’s political activities cost the automaker between 1 million and 1.26 million vehicle sales in the U.S. between October 2022 and April 2025.
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Takeaway No. 2: Analyst reactionTesla stock fell more than 7% in afternoon trading on Thursday, suggesting that many investors had anticipated Tesla’s Q2 performance and were selling on the news. However, some analysts still see the report as a source of renewed optimism. Truist analyst William Stein raised his price target on Tesla stock from $400 to $430, indicating nearly 10% upside.
Analysts at William Blair said the report shows that Tesla’s auto business “is here to stay,” attributing the beat to higher-than-expected sales in North America, Europe, and China. The company has not beaten estimates to this degree in a while, analysts told investors in a research note.
Morgan Stanley analyst Andrew Percoco maintained his $415 price target, but noted that Tesla’s auto sales showed the company’s highest auto growth rate since the third quarter of 2023.
Analysts also noted that Tesla reported energy storage deployments totaling 13.5 gigawatt-hours, which were in line with estimates.
Takeaway No 3: Here’s what’s next for TeslaIt’s notable that Tesla’s stock actually fell on the positive report, suggesting that investors aren’t expecting anything dramatic from the company’s full quarterly report on July 22. When that report drops, investors will want to know if Tesla’s auto sales margins -- which tightened significantly last year -- have improved.
Tesla will also be pressed for updates on two major initiatives -- its Optimus robot line and improvements to full self-driving (FSD) technology. Tesla and Musk have ambitious plans to make Optimus robots available to the public late next year and eventually roll out FSD nationwide.
Finally, there is speculation that Tesla will one day merge with Space Exploration Technologies, the company Musk founded that went public last month. Wedbush Securities analyst Dan Ives has estimated an 80% chance that Tesla and SpaceX will merge within the next year.
Undoubtedly, Tesla will remain a closely followed stock and continue to make waves. But the major takeaway from today’s report is that Tesla’s automotive business is reclaiming its momentum after two challenging years.
Tesla’s (NASDAQ:TSLA | TSLA Price Prediction) second-quarter delivery report landed well above what Wall Street’s bar. CNBC’s Phil LeBeau captured investor reaction in a single line, calling Q2 results “far better than the Street was expecting.”
Tesla’s 74,000-Vehicle Beat That Shocked Wall Street According to LeBeau’s report, the consensus delivery estimate heading into the report was 406,600 vehicles, meaning Tesla’s Q2 delivery of 480,162 vehicles topped Street expectations by roughly 74,000 vehicles.
Production also held up. Tesla built 451,758 vehicles in the quarter, while its energy storage business deployed 13.5 GWh, a segment LeBeau said “continues to accelerate.”
Why Tesla Fell 8.3% On The News Tesla shares closed at $425.30 on July 1, capping a 13.25% gain over the prior week as expectations built into the release. In Thursday trading after the news was reported, the stock fell 8.3% to $391.30, as investors digested broader market concerns alongside the report. Tesla is up 24% in the past year. Michael Burry recently disclosed a new short position, saying, “Happy it jumped back to this level,“ after entering at $416.22.
The Q2 volume figure sits between Tesla’s recent trough and peak. Q4 2025 deliveries came in at 418,227 units, down 16% YoY. Q3 2025 hit a record 497,099 units. And in the most recent report, Q1 2026, Tesla posted non-GAAP EPS of $0.41 versus a $0.3481 estimate, with automotive gross margin expanding to 21.1% from 16.2% a year earlier.
What To Watch In Tesla’s Full Q2 Results On July 22 Tesla removed one of the biggest concerns heading into the quarter by delivering far more vehicles than Wall Street expected. The next question is whether those stronger deliveries translate into higher profitability.
When Tesla reports full second-quarter results on July 22, investors will be focused on automotive gross margins, regulatory credit revenue, operating income, and updates on Cybercab, Optimus, and Robotaxi. Those figures will determine whether this quarter marks a meaningful turning point for the stock.
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The logo of Tesla is seen on a Tesla car in Brussels, Belgium April 24, 2025. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab
CompaniesJuly 2 (Reuters) - Tesla (TSLA.O), opens new tab on Thursday launched a six-seater long wheelbase version of its best-selling Model Y SUV in the U.S., aiming to boost sales of its electric vehicles after the removal of a key tax credit.
Prices of the launch version start from $61,990 in the U.S., according to Tesla's website.
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The EV maker said its Model Y with extended wheelbase is now also available in the United Arab Emirates, in a separate post on social media platform X.
Instead of launching new models, Tesla has been introducing different variants of the Model Y and its Model 3 compact sedan to stoke demand.
The company rolled out the longer version — called Model Y L — in China last year, which drove sales in the region despite stiff competition from BYD (002594.SZ), opens new tab and other domestic automakers.
It later expanded the sale of the model to other Asia-Pacific markets. The three-row model, which offers 325 miles of range, is expected to help revive some demand in the U.S. after a slowdown due to the removal of a federal tax credit last year.
Tesla on Thursday posted record-setting second-quarter delivery numbers that smashed past Wall Street estimates, led by a rebound in Europe, feeding hopes that in 2026 the EV maker can end its two-year streak of annual declines.
Reporting by Jaspreet Singh in Bengaluru and Abhirup Roy in San Francisco; Editing by Sahal Muhammed
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Phil LeBeau went on CNBC Thursday morning and delivered the kind of number that reorders a Tesla (NASDAQ:TSLA | TSLA Price Prediction) week. “These are far better than the street was expecting for the second quarter. Tesla delivering almost 481,000 vehicles,” he said. For a company that spent the first half of 2026 fighting a narrative about EV demand cratering, this was the reversal.
Tesla reported Q2 deliveries of 480,126 vehicles against a consensus estimate of 406,600. That is the beat everyone is talking about, and it is a big one. The stock, worth about $1.6 trillion going into the release, had been coasting on a 13.25% one-week run before today’s release landed.
The number that shocked wall street LeBeau summed the math up bluntly. “The consensus estimate going into today was 406.6 thousand vehicles. They beat it by 74,000 vehicles. So just a massive beat from Tesla for the second quarter.”
Context matters here. Q1 2026 deliveries came in at 358,023 units, which Jim Cramer had characterized as up about 6% year over year but well below expectations. Then Goldman Sachs walked its Q2 forecast up to 420,000 vehicles from 405,000, and Polymarket traders sniffed something bigger, pricing the 475,000-plus bracket at 0.993 probability heading into today. The prediction market called it. Sell-side analysts stayed lower.
Q2 production was 451,758 vehicles, meaning Tesla shipped more cars than it built. That drew down the inventory that had ballooned to 27 days of supply at the end of Q1. That is the inverse of the problem Cramer flagged in April, when production was rising almost 13% year over year while deliveries lagged. Demand showed up.
It wasn’t just cars The other line in LeBeau’s report that deserves attention concerns the energy business. “They also deployed 13.5 GWh of energy storage. That business continues to accelerate,” he said. That figure sits comfortably above the 12.5 GWh record set in Q3 2025 and near the 14.2 GWh Q4 2025 record. Megapack is quietly becoming the part of Tesla that behaves most like a real growth business, with Services and Other already growing 42% year over year in Q1.
The regional picture underneath the top-line number is uneven. China-made EV sales rose 24.4% year over year in June, the eighth straight month of growth. Spain sales climbed 5.6% in June and 29.8% for the first half. Norway registrations fell 43% year over year. Tesla can absorb Norway. It cannot absorb losing China, which is why the 24.4% number probably matters most inside Palo Alto.
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Meanwhile, BYD reported Q2 2026 battery-electric deliveries of 557,090 units and is on track to reclaim the global EV crown.
Tesla winning the estimate game while still trailing BYD in absolute volume is the shape of this market now.
What to watch next Deliveries are a volume metric. Margins are a profit metric. Those are different things, and the second one gets answered on July 22, after the close, when Tesla reports full Q2 financial results. That is when the market finds out whether the extra 74,000 cars came with pricing discipline or with incentives that compress automotive gross margin. See Tesla’s prior Q1 2026 exhibit on SEC.gov for the baseline.
Q1 was encouraging on that front. Automotive gross margin expanded to 21.1% from 16.2% year over year, and free cash flow ran $1.44 billion. If Tesla held that line while delivering 480,000 cars, the story writes itself. If margins slipped to move the metal, the beat gets recharacterized quickly.
One more thing to keep an eye on. Michael Burry disclosed a fresh short against Tesla at $416.22. The stock opened this morning down 2.89% despite the beat, which tells you the tape was already pricing in something close to this outcome. The analyst consensus target of $421.16 now looks stale. Watch the revisions. That is where the real repricing happens over the next two weeks.
For a regular investor, the takeaway is simple. Tesla just proved the demand skeptics wrong on volume. Whether it proved them wrong on profitability shows up July 22. Both answers are worth waiting for before writing the epitaph on either side of the trade.
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After several quarters of a struggling electric vehicle (EV) business, Tesla (TSLA 7.49%) finally delivered results that one would have expected the market to like.
The company reported over 480,000 EV deliveries in the second quarter of the year, up 25% year over year. The number also beat Wall Street consensus estimates of 406,000.
Despite the beat, Tesla stock closed the day down 7.5%.
This is not Tesla’s formal second-quarter earnings report, which will take place on July 22. Within a few days of the end of each quarter, Tesla provides investors with an update on production and deliveries.
Here’s why Tesla stock fell even after the strong results.
Image source: Tesla.
Other Factors are at playTesla’s stock had been on a strong run in the days leading up to the deliveries report, so it’s quite possible the market saw this coming in advance.
“… investors anticipated the beat,” Gary Black of The Future Fund wrote on X.
Tesla’s EV business has really struggled since the Trump administration took office. Trump’s One Big Beautiful Bill eliminated a $7,500 EV tax credit that incentivized the purchase of EVs.
However, it’s likely that part of the blowout delivery numbers had to do with the Iran war, which has driven the average price per gallon of gas to $3.83 (as of July 2), according to AAA.
This could have prompted people to take a second look at their transportation and decide that owning an EV is worth the upfront cost.
Tesla isn’t the only EV company that has seen a lift lately.
Rivian also reported deliveries today and raised its full-year EV guidance from 62,000 to 67,000 units to 65,000 to 70,000 units.
Another aspect of Tesla’s business that investors and analysts are watching is its energy storage products, including Megapacks, which store energy to provide grid stability, and Powerwall, compact home batteries that can store solar energy or grid-supplied energy.
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In the second quarter, Tesla’s energy products deployed 13.5 gigawatt hours (GWh) of energy storage products. That’s actually up significantly from the first quarter production of 8.8 GWh.
But some analysts still found this lacking, possibly because Tesla deployed 14.2 GWh in the fourth quarter of 2025.
“The pace of growth for Tesla’s energy storage business has tempered,” William Blair analyst Jed Dorsheimer stated in a research note Thursday, according to Barrons. “But our view of the demand environment has not changed; [Tesla] Megapacks continue to be critical to the AI data center and power buildout.”
The EV business no longer drives the stockWhile the EV business still makes up the bulk of Tesla’s revenue, it is no longer a major driver of the stock, as many Tesla followers know.
A rebound in the EV business won’t hurt Tesla, but it’s also not going to help it, given the current valuation of close to 190 times forward earnings.
The future of Tesla’s stock depends on robotaxis and humanoid robots, both of which are still in their early stages and do not yet materially affect the company’s financials.
My long-held belief is that the easy money has already been made in Tesla. Material appreciation from here depends on strong execution in robotaxis and humanoid robots, which I think will be easier said than done.
Michael Butler pressed on the accelerator of the Tesla Model 3 before crashing into a residential home, an investigator wrote. Mike Blake/Reuters A Texas man who drove a Tesla into a home, killing a 76-year-old woman, was pressing the accelerator pedal "all the way down" before the crash, according to an arrest affidavit filed in Harris County District Court.
On June 19, Michael David Butler, 44, crashed a Tesla Model 3 into a brick home in Harris County, Texas. 76-year-old Martha Avila, who was inside the residence, was airlifted to a hospital where she was later pronounced dead, the affidavit said.
Butler was charged with manslaughter and remains in custody at the Harris County jail, court records showed. A spokesperson for the Harris County Sheriff's Office told Business Insider the charge carries a $150,000 bond. Butler's attorney declined to comment.
Local authorities initially said that Butler told investigators he had Tesla's driver-assistance system activated, though they did not specify if it was Autopilot or Full Self-Driving (FSD) Supervised.
Following the reports, the National Highway Traffic Safety Administration opened a probe. Tesla executives pushed back on the initial account.
Tesla's head of AI, Ashok Elluswamy, said in an X post that the driver "manually overrode self-driving by pressing the accelerator all the way to 100% of the accel pedal in this residential area."
A lead investigator wrote in the affidavit that he later reviewed Tesla data and video showing Bulter had been making DoorDash deliveries and activated FSD in the minutes leading up to the crash. Data showed Butler then overrode FSD and pressed the accelerator pedal moments before the fatal incident, the investigator wrote.
"In about six (6) seconds, the accelerator pedal was pressed all the way down to 100% 'pedal to the metal,' and the vehicle reached a speed of 73 miles per hour, more than double the speed limit on that residential street," the investigator wrote. "The Tesla continued straight towards the middle of the cul-de-sac, struck the curb of the complainant's driveway, and went airborne towards the front of the home."
The investigator wrote that the brake pedal was not pressed in the final minute before the crash and that no mechanical error was detected or recorded. Harris County Sheriff's Office said there were no signs of intoxication and that Butler was cooperative with the investigation.
A spokesperson for Tesla did not respond to a request for comment.
Tesla's driver-assistance systems, including Autopilot and FSD, have faced legal and regulatory scrutiny.
A Florida jury found Tesla partly liable for a fatal 2019 Autopilot crash and awarded more than $242 million in damages to the involved families.
Tesla has called the verdict "wrong" and filed an appeal.
The EV maker has also drawn scrutiny over how it marketed its driver-assistance tech. A California judge ruled last year that Tesla misled consumers about its cars' autonomous capabilities through the names "Autopilot" and "Full Self-Driving."
Tesla stopped using "Autopilot" when marketing the technology in California and modified "Full Self-Driving" to indicate that driver supervision is required.
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