Today: 7 February 2026
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Penumbra (PEN) stock slides 5% after CEO flags manufacturing shift at JPM conference

Penumbra (PEN) stock slides 5% after CEO flags manufacturing shift at JPM conference

New York, Jan 13, 2026, 15:57 EST — Regular session Penumbra (NYSE: PEN) shares dropped Tuesday following comments from CEO Adam Elsesser about shifting the company’s manufacturing base. The stock slid 5.2% to $302.70 in late trading after hitting a low of $290.42 earlier. Elsesser told a conference that “All of our products today are manufactured in California. That’s going to change.” (Seeking Alpha) The comment came as investors digested new insights from the J.P. Morgan Healthcare Conference in San Francisco, an annual event where executives typically lay out their vision for the coming year. For a stock trading close
13 January 2026
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IBM stock drops 3% even after BofA lifts target — what to watch before earnings

IBM stock drops 3% even after BofA lifts target — what to watch before earnings

New York, January 13, 2026, 15:44 EST — Regular session International Business Machines Corp shares slid about 3% on Tuesday, extending a pullback from last week’s levels as investors weighed fresh analyst caution and a risk-off turn across U.S. stocks. The move matters because IBM is coming off a strong 2025, and the bar for guidance has moved up with it. Bank of America analyst Wamsi Mohan reiterated a Buy rating and raised his price target to $335, but he also pointed to a more difficult setup heading into 2026. (TipRanks) BofA expects IBM’s fourth quarter to show softer profit
13 January 2026
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Disney stock slips even after new “Accumulate” call sets $130 target

Disney stock slips even after new “Accumulate” call sets $130 target

New York, Jan 13, 2026, 15:42 EST — Regular session Walt Disney shares slipped 0.4% in afternoon trading Tuesday, despite Phillip Securities kicking off coverage with an Accumulate rating and a $130 price target. (https://www.tipranks.com/news/the-fly/disney-initiated-with-an-accumulate-at-phillip-securities-thefly) Timing is key. Investors spent the morning adjusting their rate expectations after U.S. inflation data revealed a 0.3% rise in consumer prices for December and a 2.7% increase year-over-year, with core inflation steady at 2.6%. “If this trend holds, the Fed should have some breathing room to cut rates in Q1,” said Art Hogan, chief market strategist at B. Riley Wealth, in emailed remarks. (https://www.reuters.com/business/view-december-rise-us-consumer-prices-backs-fed-pause-this-month-2026-01-13/)
13 January 2026
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Firefly Aerospace stock slides nearly 9% as Alpha Block II upgrade puts Flight 7 launch in focus (FLY)

Firefly Aerospace stock slides nearly 9% as Alpha Block II upgrade puts Flight 7 launch in focus (FLY)

New York, January 13, 2026, 15:42 EST — Regular session Shares of Firefly Aerospace Inc dropped 8.9% to $27.73 in afternoon trading Tuesday, after starting the day at $31.47 and earlier hitting $31.54. This step is crucial as Firefly approaches a period where hardware tests and launch frequency could quickly shift investor sentiment. For emerging launch firms, the schedule acts both as a trigger and a gamble. Firefly plans to roll out a “Block II” version of its Alpha rocket, targeting improved reliability and streamlined production to meet commercial, civil, and national security needs. CEO Jason Kim described it as
13 January 2026
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Intuitive Machines (LUNR) stock drops 7% after $800 million Lanteris deal closes, filings in focus

Intuitive Machines (LUNR) stock drops 7% after $800 million Lanteris deal closes, filings in focus

New York, January 13, 2026, 15:38 (EST) — Regular session Intuitive Machines shares dropped roughly 7% to $17.85 Tuesday afternoon following the completion of its much-anticipated acquisition of satellite maker Lanteris Space Systems. The stock fell as low as $17.21 after starting the day around $19.31. This deal marks a turning point for Intuitive Machines, which gained recognition in public markets mainly through its lunar missions. It comes at a time when investors are swift to factor in dilution, funding requirements, and potential new debt-like liabilities at smaller space companies. Intuitive Machines announced its acquisition of Lanteris, previously known as
13 January 2026
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Oklo stock slides in late trade as Meta nuclear deal meets insider selling and long timelines

Oklo stock slides in late trade as Meta nuclear deal meets insider selling and long timelines

New York, January 13, 2026, 3:27 PM ET — Regular session Oklo Inc. shares (OKLO) were down 3.3% at $99.10 in late afternoon trading on Tuesday, after swinging from an intraday high of $107.55 to a low of $98.04. The stock closed at $102.50 in the prior session. The pullback comes as nuclear-linked stocks stay headline-driven, with Big Tech hunting for round-the-clock power to run data centers and AI workloads. Meta Platforms last week lined up nuclear agreements with Vistra and also teamed with Oklo and Bill Gates-backed TerraPower to develop small modular reactors (SMRs) — smaller nuclear units meant
13 January 2026
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Asana stock drops 7% today as software names slide after CPI — what to watch next

Asana stock drops 7% today as software names slide after CPI — what to watch next

New York, Jan 13, 2026, 15:35 EST — Regular session Shares of Asana, Inc. dropped 7.1%, closing in on a session low of $11.87 before settling at $12.04 on Tuesday afternoon. The decline followed a pullback in U.S. indexes after fresh inflation figures, as investors digested early bank earnings reports. The Dow slipped about 0.8%, while the S&P 500 and Nasdaq each dropped roughly 0.3%. “Markets seem to underappreciate the potential hazards,” noted David Wagner, head of equity and portfolio manager at Aptus Capital Advisors. (Investopedia) The Labor Department reported U.S. consumer prices climbed 0.3% in December, marking a 2.7%
13 January 2026
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EchoStar stock slips as Crown Castle terminates DISH deal, raising fresh $3.5 billion overhang

EchoStar stock slips as Crown Castle terminates DISH deal, raising fresh $3.5 billion overhang

New York, Jan 13, 2026, 15:31 EST — Regular session Shares of EchoStar Corp slipped 2.6% to $122.79 in Tuesday afternoon trading. The drop came after Crown Castle announced it had ended its wireless infrastructure deal with EchoStar’s DISH Wireless unit due to a payment default. (GlobeNewswire) The dispute comes at a tricky time for EchoStar. The company is in the midst of revamping its wireless operations, having agreed to sell spectrum—the airwaves carriers rely on for data—and to overhaul Boost Mobile’s service approach. Meanwhile, investors remain focused on the firm’s cash demands and legal risks. Crown Castle announced that
13 January 2026
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KLA (KLAC) stock climbs after TD Cowen upgrade and $1,800 target

KLA (KLAC) stock climbs after TD Cowen upgrade and $1,800 target

New York, Jan 13, 2026, 15:35 EST — Regular session Shares of KLA Corp rose about 1.3% on Tuesday after TD Cowen upgraded the chip equipment maker to “buy” and sharply raised its price target. The stock was at $1,446.61 after touching an intraday high of $1,489.99. The move came against a softer tape. The S&P 500 tracker SPY and the Nasdaq 100 tracker QQQ were both down about 0.4%, while semiconductor equipment peers Applied Materials, Lam Research and ASML traded lower. The upgrade matters because investors are trying to pin down the next leg of wafer fab spending —
13 January 2026
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Vistra stock in focus as VST prices $2.25 billion notes; analysts cite Meta nuclear deal

Vistra stock in focus as VST prices $2.25 billion notes; analysts cite Meta nuclear deal

New York, Jan 13, 2026, 15:24 (EST) — Regular session Shares of Vistra Corp (VST.N) nudged up 0.2% to $172.95 on Tuesday, following the announcement that the power producer priced $2.25 billion in senior secured notes. The move aims to back its planned acquisition of Cogentrix. Vistra’s stock fluctuated between $170.85 and $177.76 during the session. The newly issued notes, maturing in 2031 and 2036, carry interest rates of 4.700% and 5.350%, respectively, with a closing date set for Jan. 22, according to the company. (Vistra Corp. Investor Relations) The debt sale puts Vistra’s balance sheet under the microscope as
13 January 2026
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Figma stock drops 7% after Goldman starts coverage — what NYSE:FIG investors are watching next

Figma stock drops 7% after Goldman starts coverage — what NYSE:FIG investors are watching next

NEW YORK, Jan 13, 2026, 14:59 EST — Regular session Figma’s stock dropped 7% to $33.85 during Tuesday afternoon trading, following Goldman Sachs analyst Gabriela Borges initiating coverage with a Neutral rating and a $40 price target. Volume exceeded its three-month average as shares lingered near the low end of their 52-week range. (StreetInsider.com) The call is significant as Figma continues to search for a stable footing following a volatile post-IPO period. Being a relatively new public company with a slim shareholder base compared to more established software firms, fresh analysis can easily shift its stock. Investors continue to delay
13 January 2026
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Verizon stock slides after FCC loosens phone-unlocking rule as fraud fight takes center stage

Verizon stock slides after FCC loosens phone-unlocking rule as fraud fight takes center stage

NEW YORK, January 13, 2026, 15:19 ET — Regular session Shares of Verizon Communications Inc dropped roughly 2.5% to $38.86 in Tuesday’s afternoon session after U.S. regulators scrapped a rule requiring the carrier to unlock phones 60 days post-activation. Verizon told the Federal Communications Commission that the policy drove significant fraud and cost the company hundreds of millions, with about 784,703 devices falling victim to fraud in 2023. (reuters.com) Unlocking turns off software that locks a handset to a single network, letting users switch carriers while keeping their device. The FCC’s order takes effect immediately, covering devices activated on Verizon’s
13 January 2026
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Stock Market Today

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

Seagate (STX) stock jumps nearly 6% as Citi hikes target — what to watch next week

7 February 2026
Seagate shares rose 5.9% to $429.32 Friday after Citigroup raised its price target to $480 and reiterated a buy rating. The gain ended a two-day slide but left the stock 6.6% below its Feb. 3 high. CEO Dave Mosley sold 20,000 shares on Feb. 2 under a pre-arranged plan, SEC filings show. U.S. jobs and inflation data next week are seen as key tests for tech stocks.
Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

Cummins (CMI) stock price rebounds after earnings whipsaw as investors eye data-center power demand

7 February 2026
Cummins shares jumped 6.8% to $577.73 Friday, recovering from a nearly 9% post-earnings drop the day before. The company reported Q4 revenue up 1% to $8.54 billion, took a $218 million charge tied to its hydrogen business, and guided for 2026 EBITDA of 17–18% of sales. Demand for data center generators offset weakness in North American truck markets. Analyst reaction was mixed; Truist raised its price target.
Corning stock hits first record close since 2000 as jobs, CPI data loom

Corning stock hits first record close since 2000 as jobs, CPI data loom

7 February 2026
Corning shares surged 8.3% to $122.16 Friday, their highest close since the dot-com era, after Meta agreed to buy up to $6 billion in fiber-optic cables. The stock is up 40% since late 2025, fueled by strong first-quarter guidance and AI data-center demand. Insiders sold shares following the rally, SEC filings show. Investors await next week’s U.S. jobs and inflation data for rate signals.
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