Health Care Distributors

Good Morning Everyone! Especially Mark Zuckerberg who stopped hanging out in the metaverse. Cut costs and returned to cash flow positive. Stock up 20% pre-market set to gain $200 billion. Next catalyst, AI? Prices as of 4 pm EST, 2/1/23; % YTD MARKET UPDATE The U.S. Federal Reserve delivered an...

U.S. stocks traded mixed, with the Nasdaq gaining more than 100 points on Friday. Here are some big stocks recording losses in today’s session. Expensify, Inc. (NASDAQ: EXFY) dropped 19.2% to $10.46 after the company reported worse-than-expected Q3 EPS and sales results. Ryan Specialty...

Good Morning Everyone! Remember, today at 2pm, a group of middle-aged financial experts determines whether or not millions of Robinhood traders get margin called.   Prices as of 4 pm EST, 11/1/22; % YTD MARKET UPDATE 2 p.m. Fed Reserve Rate decision Volatility is relatively LOW heading...

Gainers Avinger, Inc. (NASDAQ: AVGR) rose 32% to $1.36 in pre-market trading. Avinger is expected to release its financial results for the third quarter on Wednesday, November 9, 2022. Arcturus Therapeutics Holdings Inc. (NASDAQ: ARCT) shares rose 28.8% to $23.55 in pre-market trading. Arcturus...

  Baird boosted the price target on McKesson Corporation (NYSE: MCK) from $405 to $440. McKesson shares fell 1.7% to $375.55 in pre-market trading. Rosenblatt raised Fox Corporation (NASDAQ: FOXA) price target from $30 to $31. Fox shares gained 5.8% to close at $30.53 on Tuesday. Raymond...

US crude oil futures traded lower this morning on Thursday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity...

McKesson Corp (NYSE: MCK) has agreed to acquire Rx Savings Solutions (RxSS), a prescription price transparency and benefit insight company offering affordability and adherence solutions to health plans and employers, reaching more than 17 million current patients.  The...

U.S. crude oil futures traded lower this morning on Monday. Investors, meanwhile, focused on some notable insider trades. When insiders sell shares, it indicates their concern in the company’s prospects or that they view the stock as being overpriced. Either way, this signals an opportunity...

UBS cut the price target for Coupa Software Incorporated (NASDAQ: COUP) from $84 to $76. Coupa Software shares fell 4.9% to $64.44 in pre-market trading. Morgan Stanley raised the price target on McKesson Corporation (NYSE: MCK) from $370 to $403. McKesson shares fell 0.3% to $369.99 in pre-...

Piper Sandler cut the price target for eBay Inc. (NASDAQ: EBAY) from $63 to $59. eBay shares rose 0.5% to $50.75 in pre-market trading. Goldman Sachs reduced the price target on Match Group, Inc. (NASDAQ: MTCH) from $105 to $80. Match Group shares rose 0.6% to $63.60 in pre-market trading....

McKesson Corp (NYSE: MCK) reported Q1 FY23 adjusted EPS of $5.83, +5% Y/Y, beating the consensus of $5.27. Revenues increased 7% Y/Y to $67.15 billion, surpassing the consensus of $65.14 billion. U.S. Pharmaceutical segment's revenues were $56.9 billion, +14%, driven by an increased...

Reuters reported that New York's attorney general said Teva Pharmaceutical Industries Ltd (NYSE: TEVA) lied to evade accountability regarding its role in the state's opioid crisis. Teva was accused by Attorney General Letitia James, Nassau County, and Suffolk County of using...

Federal judge David Faber rejected the efforts to force McKesson Corp (NYSE: MCK), AmerisourceBergen Corp (NYSE: ABC), and Cardinal Health Inc (NYSE: CAH) to pay $2.5 billion for the opioid crisis. The judge ruled that the drug distributors are not responsible for...

The opioid crisis has raised public awareness about the dire state of pain-management options for the estimated 50 million Americans with chronic pain.  As the crisis renews the call for researchers to find a pain relief method that is both powerful and safe, some pharmaceutical companies like...