Saturday, 28 Nov 2020

Stock Alert: Zendesk Shares Reach All-Time High

Stock Alert: Equillium Up 14% After FDA Clears COVID-19 Trial Of Itolizumab

Shares of Equillium, Inc. (EQ) are gaining more than 14 percent or $0.86 in Friday’s morning trade at $6.86.

Thursday, Equillium said it has received FDA clearance to commence a phase III clinical trial of Itolizumab in hospitalized COVID-19 patients suffering from acute respiratory distress syndrome or ARDS. The company plans to begin patient enrollment in the trial named EQUINOX in the fourth quarter, with initial clinical data expected mid-year 2021.

Equillium has traded in a range of $2.20 to $27.05 in the past 52 weeks.

Trump says no decision on Election Night venue

FILE PHOTO: U.S. President Donald Trump holds a campaign rally at Phoenix Goodyear Airport in Goodyear, Arizona, U.S., October 28, 2020. REUTERS/Jonathan Ernst

WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday there has been no final decision on where he will spend Election Night.

The New York Times reported that Trump dropped plans to appear at the Trump International Hotel in Washington and will likely watch the returns from the White House on Tuesday evening. Trump faces Democratic challenger Joe Biden in the Nov. 3 contest.

China's Lufax Holding falls 14% in NYSE debut

(Reuters) – Shares of Lufax Holding Ltd, one of China’s largest online wealth management platforms, fell 14% in their debut on the New York Stock Exchange on Friday, after the company raised $2.36 billion in its initial public offering.

The stock opened at $11.60 per American Depositary Share (ADS), down from the IPO price of $13.50 per ADS.

China's Lufax Holding falls 14% in NYSE debut

(Reuters) – Shares of Lufax Holding Ltd, one of China’s largest online wealth management platforms, fell 14% in their debut on the New York Stock Exchange on Friday, after the company raised $2.36 billion in its initial public offering.

The stock opened at $11.60 per American Depositary Share (ADS), down from the IPO price of $13.50 per ADS.

Madame Tussauds Threw Their Donald Trump Wax Figure in a Literal Dumpster

In a plot twist not even 2020 saw coming, Madame Tussauds Berlin revealed that they’ve thrown their Donald Trump wax figured into a dumpster ahead of the 2020 election. In other words, they dumped Trump both literally and figuratively.

Madame Tussauds seems to have moved Wax Trump into his new dumpster home on Friday, with the museum’s marketing manager Orkide Yalcindag telling Reuters “Today’s activity is rather of a symbolic character ahead of the elections in the United States. We here at Madame Tussauds Berlin removed Donald Trump’s waxwork as a preparatory measure.”

I’m truly…speechless.

As you can see in these iconic and frankly history-making pictures, Wax Trump is surrounded by bags of trash, a discarded “Make America Great Again” hat, and several tweet bubbles including “Fake News!” “You are fired!” and, my personal favorite, “I love Berlin!” The museum also kindly situated Trump’s dumpster in front of Trump Tower, so at least he’ll feel at home!

P.S. While we’re on the subject of the election, go ahead and watch Selena Gomez talk to Senator Kamala Harris on the importance of voting right here:

Reliance Industries Q2 net drops 15%

Revenues fell to ₹1.2 lakh crore from ₹1.56 lakh crore in Q2 of FY20.

Reliance Industries Ltd on Friday reported a 15% drop in its second quarter net profit on weak oil business.

Net profit at ₹9,567 crore in July-September compared with ₹11,262 crore a year back, Reliance said in a stock exchange filing.

Revenues fell to ₹1.2 lakh crore from ₹1.56 lakh crore in Q2 of FY20.

Stock Alert: Zendesk Shares Reach All-Time High

Shares of software development company Zendesk Inc. (ZEN) touched an all-time high of $117.31 Friday morning, and are currently trading at $112.56, up $6.53 or 6.16% in today’s regular trading session.

The company’s Q3 net loss was $40.7 million or $0.35 per share compared to a loss of $34.2 million or $0.31 per share last year.

Non-GAAP net income was $21.1 million or $0.17 per share versus $14.0 million or $0.12 per share in the prior year period.

Revenue for the quarter increased to $261.9 million from $210.5 million generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.11 per share on revenue of $253.74 million for the quarter. Analysts’ estimate typically exclude certain special items.

The company expects fourth-quarter revenue in the range of $274 million or $279 million, and full-year 2020 revenue between $1.020 billion and $1.025 billion. Analysts estimate revenue of $273.57 million for the quarter, and $1.01 billion for the year 2020.

Stock Alert: Zendesk Shares Reach All-Time High

Shares of software development company Zendesk Inc. (ZEN) touched an all-time high of $117.31 Friday morning, and are currently trading at $112.56, up $6.53 or 6.16% in today’s regular trading session.

The company’s Q3 net loss was $40.7 million or $0.35 per share compared to a loss of $34.2 million or $0.31 per share last year.

Non-GAAP net income was $21.1 million or $0.17 per share versus $14.0 million or $0.12 per share in the prior year period.

Revenue for the quarter increased to $261.9 million from $210.5 million generated a year ago.

Analysts polled by Thomson Reuters expected earnings of $0.11 per share on revenue of $253.74 million for the quarter. Analysts’ estimate typically exclude certain special items.

The company expects fourth-quarter revenue in the range of $274 million or $279 million, and full-year 2020 revenue between $1.020 billion and $1.025 billion. Analysts estimate revenue of $273.57 million for the quarter, and $1.01 billion for the year 2020.

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