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NASDAQ:CNTRO 13 April 2026

Upcoming Stock Splits This Week: Nasdaq Reverse Splits Pile Up as Booking, Powell and Pashupati Stand Apart

Upcoming Stock Splits This Week: Nasdaq Reverse Splits Pile Up as Booking, Powell and Pashupati Stand Apart

NextPlat, MultiSensor AI, Cenntro, and Quince Therapeutics will begin trading Monday on a reverse-split basis, with ratios ranging from 1-for-10 to 1-for-60. Several other Nasdaq-listed firms, including Huachen AI Parking and Akanda, are also set for reverse splits. Last week saw forward splits from Booking Holdings and Powell Industries. Cenntro and Quince both disclosed ongoing Nasdaq compliance concerns.
13 April 2026
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Stock Market Today

  • Morgan Stanley Highlights Chevron's Spending Discipline Amid Oil Sector Challenges
    May 13, 2026, 5:42 PM EDT. Morgan Stanley analyst Devin McDermott noted oil producers beat production and cash flow expectations in Q1, yet face a tough market with an 8% drop in stock prices as oil prices declined 9%. The bank emphasized investors' focus on spending discipline rather than growth, highlighting companies like Diamondback Energy and ConocoPhillips that raised spending facing weaker reactions. Chevron stood out by maintaining steady 2026 production and capital spending plans, including key assets ramp-ups and limited Middle East exposure. Chevron showed 15% production growth year-over-year and returned $6 billion to shareholders in Q1. Morgan Stanley rates Chevron Overweight with a $212 price target, signaling about 15% upside from current levels.

Latest articles

Mobileye Stock Jumps 14% as Robotaxi Plans Pull Investors Back In

Mobileye Stock Jumps 14% as Robotaxi Plans Pull Investors Back In

13 May 2026
Mobileye shares surged 14.1% to $10.53 on Nasdaq Wednesday after the company reported a 27% jump in first-quarter revenue and raised its 2026 outlook. The company authorized a $250 million share buyback. After-hours trading was flat. Mobileye cited strong EyeQ chip demand but warned of risks from China market uncertainty and a recent goodwill write-down.
Fermi Stock Faces A High-Stakes Q1 Test As Founder Fight Deepens

Fermi Stock Faces A High-Stakes Q1 Test As Founder Fight Deepens

13 May 2026
Toby Neugebauer and allied shareholders filed new proxy materials to press for board changes at Fermi Inc., despite the board’s claim that the May 29 special meeting has been canceled. The group plans to use separate proxy cards for the disputed May 29 vote and a shareholder-called meeting expected around June 30. Fermi’s board opposes Neugebauer’s push for control and a quick sale. First-quarter results are due Thursday.
Fervo Energy Stock Jumps 35% in Nasdaq Debut as AI Power Demand Pulls Geothermal Into Wall Street’s Spotlight

Fervo Energy Stock Jumps 35% in Nasdaq Debut as AI Power Demand Pulls Geothermal Into Wall Street’s Spotlight

13 May 2026
Fervo Energy shares closed at $36.54, 35% above the $27 IPO price, in their Nasdaq debut Wednesday, valuing the company at $10.36 billion. The Houston geothermal developer raised $1.89 billion by selling 70 million shares. Fervo reported 2025 revenue of $138,000 and a net loss of $57.8 million. The company holds $7.2 billion in potential contracted revenue but has yet to deliver commercial power.
Wix Stock Plunges 27% After Q1 Earnings Miss as AI Spending Spooks Investors

Wix Stock Plunges 27% After Q1 Earnings Miss as AI Spending Spooks Investors

13 May 2026
Wix shares fell 27.1% to $55.32 after first-quarter adjusted earnings missed estimates and the company posted a GAAP net loss of $57.5 million. Revenue rose 14% to $541.2 million, but non-GAAP operating margin dropped to 5% from 21% a year earlier. JPMorgan cut its price target to $86, citing ongoing heavy investment. Research and development costs jumped to $178.2 million from $127.5 million.
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