Company News for August 5, 2022
- Shares of Coinbase Global, Inc. COIN jumped 10% after announcing a partnership with BlackRock, Inc. BLK to provide its institutional clients with access to crypto trading and custody services.
- META shares of Meta Platforms, Inc. rose 1.1% after announcing that, as part of a fund share buyback offer and corporate overhaul, it would rise to 10 billion dollars in a very first bond issue.
- Shares of Eli Lilly and Company LLY fell 2.6% after reporting earnings of $1.25 per share in the second quarter of 2022, missing Zacks’ consensus estimate of $1.80 per share.
- CI shares of Cigna Corporation rose 3.1% after reporting earnings of $6.22 per share in the second quarter of 2022, beating Zacks’ consensus estimate of $5.44 per share.
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