Energy News Today

Crude oil down over 1%; Blink Charging shares surge

Midway through trading Wednesday, the Dow traded up 0.29% to 26918.98 while the NASDAQ fell 0.10% to 10,669.72. The S&P also rose, gaining 0.14% to 3,261.95.

The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 3,902,230 cases with around 142,070 deaths. Brazil confirmed a total of over 2,159,650 COVID-19 cases with 81,480 deaths, while India reported a total of at least 1,193,070 confirmed cases and 28,730 deaths. In total, there were at least 14,974,440 cases of COVID-19 worldwide with over 617,250 deaths, according to data compiled by Johns Hopkins University.

Leading and Lagging Sectors

Real estate shares rose 1.1% on Tuesday. Meanwhile, top gainers in the sector included Realogy Holdings Corp. RLGY 8.48%, up 7%, and Diversified Healthcare Trust DHC 5.77%, up 7%.

In trading on Tuesday, energy shares fell 1.8%.

Top Headline

Thermo Fisher Scientific Inc. TMO 1.62% reported stronger-than-expected earnings for its second quarter.

Thermo Fisher Scientific posted quarterly earnings of $3.89 per share, beating analysts’ estimates of $2.84 per share. The company reported sales of $6.92 billion, also exceeding expectations of $6.13 billion.

Equities Trading UP

Mexco Energy Corporation MXC 226.15% shares shot up 266% to $13.38 after jumping over 18% on Tuesday.

Shares of Genocea Biosciences, Inc. GNCA 10.66% got a boost, shooting 15% to $3.14 after the company reported a private placement financing of up to $80 million.

Blink Charging Co. BLNK 19.52% shares were also up, gaining 18% to $7.17 after the company was awarded a grant to deploy 200 charging stations across the mid-atlantic region.

Equities Trading DOWN

FirstEnergy Corp. FE 18.07% shares tumbled 23% to $26.49 after the company issued a statement on Tuesday on the HB 6 investigation, saying ‘We are reviewing the details of the investigation and we intend to fully cooperate.’ Several firms, including ScotiaBank, Guggenheim, Evercore ISI Group and KeyBanc also downgraded the company’s stock.

Shares of Global Eagle Entertainment Inc. ENT 27% were down 27% to $2.47 after the company reached an agreement on definitive asset purchase agreement with substantial majority of senior secured first-lien term loan investors.

Verb Technology Company, Inc. VERB 27.53% was down, falling 28% to $1.1450 after the company priced its 10.9 million share underwritten public offering at $1.10 per share.


In commodity news, oil traded down 1.1% to $41.47, while gold traded up 0.5% to $1,853.50.

Silver traded up 3.9% Wednesday to $22.39, while copper fell 1.6% to $2.912.

Euro zone

European shares were lower today. The eurozone’s STOXX 600 fell 0.91%, the Spanish Ibex Index fell 1.49%, while Italy’s FTSE MIB Index declined 0.72%. Meanwhile, the German DAX 30 declined 0.5%, French CAC 40 dropped 1.27% and UK shares fell 1.04%.


The FHFA house price index fell 0.3% in May, versus a…

Read More: Crude oil down over 1%; Blink Charging shares surge

2020-07-22 16:18:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: