Today: 24 June 2026
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NASDAQ:ANY 1 June 2026

Sphere 3D Shares Surge 57% as Cathedra Merger Wraps Up

Sphere 3D Shares Surge 57% as Cathedra Merger Wraps Up

Sphere 3D shares jumped 57% after closing its merger with Cathedra Bitcoin, trading at $2.99 on heavy volume. The merged company now claims 53 MW online, 1.2 EH/s mining hash rate, and a pipeline over 100 MW. Q1 revenue fell to $1.9 million with a $4.1 million net loss. Sphere warns of ongoing losses, negative cash flow, and “substantial doubt” about its ability to continue without more funding. Cathedra shares will be delisted June 2.

Stock Market Updates

Blue Owl (NYSE:OWL) trades near year low after new credit fund filing

Blue Owl (NYSE:OWL) trades near year low after new credit fund filing

24 June 2026
Blue Owl Capital plunged 3.4% to $8.91 on volume 68% above average, nearing its 52-week low, as investors weighed a 10.3% dividend yield against slipping fee-paying assets, $1.2 billion in BDC redemptions, and 13.9% software-credit exposure, despite Blue Owl Credit Income Corp. reporting $19.4 billion NAV, $11.6 billion liquidity, and positive year-to-date returns in a new SEC filing.
Joby Aviation stock falls as heavy volume tests eVTOL rally

Joby Aviation stock falls as heavy volume tests eVTOL rally

24 June 2026
Joby Aviation plunged 3.14% to $9.55 on Tuesday with trading volume surging to 38.08 million shares—43% of shares sold short—amid high short interest and no new company news, leaving the stock 54% below its 52-week high and highlighting volatility tied to FAA certification timing, cash burn, and market risk-off sentiment.
Hershey gains $1.7 billion as cocoa risk leaves HSY valuation gap

Hershey gains $1.7 billion as cocoa risk leaves HSY valuation gap

24 June 2026
Hershey shares surged 4.9% to $179.27, adding $1.7 billion in value despite remaining about 25% below its 52-week high, as investors bet on margin recovery from lower cocoa costs; however, cocoa prices have started rising again amid Ivory Coast weather risks, leaving Hershey’s rebound vulnerable if input costs climb or volumes weaken.
Infosys (NSE:INFY) stock drags down Nifty IT, drives about 40% of index’s recent drop

Infosys (NSE:INFY) stock drags down Nifty IT, drives about 40% of index’s recent drop

24 June 2026
Infosys plunged 3.39% Tuesday, driving 40% of Nifty IT’s 2.23% drop and deepening a sector rout that’s seen the index lose 13% in three weeks; with Infosys making up over 27% of Nifty IT, investors in index funds face heavy exposure as weak demand signals and Accenture’s downbeat outlook weigh on Indian IT stocks ahead of Infosys’ July 23 earnings.
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