— The credit card behemoth's stock was trading more than 2% lower after announcing plans to change its share structure. Visa's Class A shares are held by the public, its B shares are held by U.S. banks, while C shares are owned by foreign banks.
The company wants shareholders to approve an exchange offer that would release transfer restrictions on portions of the Class B stock.— The semiconductor stock rose 7% after beating earnings expectations for the second quarter. Semtech earned 11 cents per share after adjustments, exceeding the consensus estimate of 2 cents per share from analysts polled by FactSet. However, the company offered weak guidance for the third quarter.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Stocks making the biggest moves premarket: AMC, Etsy, First Solar and moreThese are the stocks posting the largest moves in premarket trading.
Leggi di più »
Ford's and Tesla's stocks gain, American Airlines, Netflix and Nio shares fall, and other stocks on the moveShares of Ford, Tesla, American Airlines and Netflix were active Wednesday.
Leggi di più »
Stocks making the biggest moves midday: Oracle, WestRock, Apple, Advance Auto Parts and moreThese are the stocks posting the largest moves in midday trading.
Leggi di più »
Stocks making the biggest moves premarket: Moderna, American, Spirit Air, Ford and moreThese are some of the stocks posting the largest moves in premarket trading.
Leggi di più »