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Financial News News 3 February 2026

Bitmine Immersion stock slides as $10.7 billion crypto stash keeps Ethereum bet in focus

Bitmine Immersion stock slides as $10.7 billion crypto stash keeps Ethereum bet in focus

Bitmine Immersion Technologies shares fell 1.9% to $22.37 after ether dropped 4.8% Tuesday. The company holds 4.29 million ether, 193 bitcoin, $586 million in cash, and equity stakes in two firms. Bitmine staked 2.9 million ether and estimates $374 million in annual rewards. Traders await the firm’s validator-network launch set for Q1 2026.
Comerica stock stops trading after Fifth Third merger closes — what shareholders need to know now

Comerica stock stops trading after Fifth Third merger closes — what shareholders need to know now

Comerica shares have been suspended and will be delisted from the NYSE after its merger with Fifth Third Bancorp closed Feb. 1, according to SEC filings. Each Comerica share converts to 1.8663 Fifth Third shares. Comerica last traded near $88.67 on Jan. 30. Fifth Third, now the ninth-largest U.S. bank, will deregister Comerica’s securities and halt its SEC reporting.
SoFi stock pops on JPMorgan upgrade, then cools as Wall Street trims targets

SoFi stock pops on JPMorgan upgrade, then cools as Wall Street trims targets

SoFi shares rose 0.2% to $22.12 by mid-morning Tuesday after JPMorgan upgraded the stock to Overweight with a $31 target. A recent SEC filing showed Chief Risk Officer Arun Pinto entered a hedging contract tied to 71,500 shares. SoFi will liquidate its Next 500 ETF after trustee approval. The stock briefly reached $23.34 before retreating.
Micron stock falls today after rally; insider sale notice and chart warning in focus

Micron stock falls today after rally; insider sale notice and chart warning in focus

Micron Technology shares fell 4.4% to $418.34 Tuesday morning after rallying 5.5% Monday. SEC filings show officer Sumit Sadana plans to sell 25,000 shares worth about $10.7 million. Traders cited volatile AI-driven memory demand and flagged Micron’s extreme distance above its 200-day moving average. Advanced Micro Devices reports earnings after the close.
Constellation Software’s 48% slide has investors split as AI fears rattle software stocks

Constellation Software’s 48% slide has investors split as AI fears rattle software stocks

Constellation Software shares have fallen about 48% in the past year amid investor concerns over AI’s impact on software pricing and a CEO transition. Founder Mark Leonard stepped down for health reasons, with Mark Miller now president. Ruane Cunniff says the stock trades at a high-teens forward P/E and sees the valuation as compelling despite ongoing uncertainty.
Fresh CSU.DB buy-and-short levels land as Constellation’s March coupon reset nears

Fresh CSU.DB buy-and-short levels land as Constellation’s March coupon reset nears

A technical report set new buy and short targets for Constellation Software’s Series 1 debentures (CSU.DB), recommending buys near 116.78 and shorts near 119.15. The CPI-linked coupon resets March 31 at 8.6%. CSU.DB last traded near 117.78% of face value, after peaking at 120.15%. The bond was rated “Neutral” with a warning that key triggers may have already passed.
Bitcoin price slides toward $77,000 as liquidation wave keeps pressure on crypto stocks

Bitcoin price slides toward $77,000 as liquidation wave keeps pressure on crypto stocks

Bitcoin dropped 1.4% to $77,116 Tuesday in New York, near session lows, as Coinbase, Strategy, and BlackRock’s spot bitcoin ETF also traded lower. Forced liquidations wiped out $2.56 billion in recent days, according to CoinGlass. U.S. spot bitcoin ETFs saw $561.8 million in net inflows Monday, led by Fidelity and BlackRock, Farside data showed. The U.S. jobs report was delayed due to the partial government shutdown.
Verizon stock price dips in premarket as insider sale notice lands and analysts lift targets

Verizon stock price dips in premarket as insider sale notice lands and analysts lift targets

Verizon shares dipped 0.5% to $44.38 in premarket trading Tuesday after a Form 144 filing revealed an intended insider sale of 9,580 shares valued at about $430,000. Analysts cited churn rates, spending cuts, and competition as key concerns. Bernstein and TD Cowen raised price targets, while AT&T closed a $5.75 billion fiber deal with Lumen. The January jobs report was delayed due to a partial government shutdown.
Denison Mines stock drops 4% as uranium shares slide on fresh supply news — what to watch next

Denison Mines stock drops 4% as uranium shares slide on fresh supply news — what to watch next

Denison Mines shares dropped 4.4% to $3.78 early Tuesday in New York, tracking declines across uranium stocks after Uzbekistan announced higher production and new mines. UxC Uranium futures hovered near $99 per pound. Denison awaits Canadian federal approvals to begin construction at its Phoenix ISR mine, targeting a mid-2028 production start if permits arrive this quarter.
Cadence Bank stock: what CADE shareholders get now that Huntington deal is done

Cadence Bank stock: what CADE shareholders get now that Huntington deal is done

Huntington Bancshares shares rose 2.2% premarket after completing its $7.4 billion all-stock acquisition of Cadence Bank. Each Cadence share was exchanged for 2.475 Huntington shares, valuing Cadence at about $44.25 per share. Huntington issued 462 million shares and absorbed Cadence’s operations and branches. The combined bank will hold $279 billion in assets.
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Stock Market Today

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

Carvana stock jumps 5% to $403.67 — here’s what CVNA traders are watching next

7 February 2026
Carvana shares rose 5.21% Friday to $403.67, rebounding after recent volatility sparked by a short-seller report from Gotham City Research. The company denied allegations of overstated earnings and undisclosed ties to DriveTime. Carvana will report Q4 and full-year 2025 results after markets close on Feb. 18. The January U.S. CPI report is scheduled for Feb. 13.
Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

Confluent stock hugs IBM’s $31 bid — here’s what investors watch next week

7 February 2026
Confluent shares closed at $30.57 Friday, 43 cents below IBM’s $31-per-share cash offer, ahead of key events next week. The company will report earnings Feb. 11 without a call or outlook, and shareholders vote on the merger Feb. 12. Confluent disclosed 17 demand letters and two lawsuits over proxy disclosures but denies wrongdoing. The IBM deal values Confluent at $11 billion.
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