Today: 16 May 2026
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NASDAQ:TANGO 6 March 2026

Tango Therapeutics stock jumps 36% after Q4 results, Erasca cancer trial pact

Tango Therapeutics stock jumps 36% after Q4 results, Erasca cancer trial pact

Tango Therapeutics shares rose 36% after announcing a collaboration with Erasca to test vopimetostat in pancreatic and lung cancers. The company reported a fourth-quarter net loss of $38.7 million and cash reserves of $343.1 million. Tango plans to start a pivotal pancreatic cancer trial in 2026 and released early efficacy data from ongoing studies.

Stock Market Today

  • Catalyst Metals (ASX:CYL) Shows Value Amid Gold Sector Optimism
    May 16, 2026, 2:56 PM EDT. Catalyst Metals (ASX:CYL) shares rose over 3%, reflecting renewed demand in gold mining stocks. The stock trades at A$5.93 with a price-to-earnings (P/E) ratio of 14.1x, below its estimated fair P/E of 32.9x, suggesting potential undervaluation. Earnings grew 60.7% in the past year and 75.4% annually over five years, supporting strong growth prospects. However, the share price is down 19.65% year-to-date amid cautious market sentiment. A discounted cash flow (DCF) valuation estimates a much higher fair value of A$60.43, indicating a significant price gap. Catalyst's 3-year total shareholder return exceeds 7x. Investors should weigh growth forecasts against risks as the market navigates the gold sector's shifting landscape.

Latest articles

Verizon heads into volatile week after FCC decision, Friday drop

Verizon heads into volatile week after FCC decision, Friday drop

16 May 2026
Verizon shares fell 1.47% to $46.37 Friday, marking a third consecutive decline and a weekly drop of 1.8%. The FCC on Thursday approved Verizon’s $1 billion spectrum purchase from U.S. Cellular, and the company announced a planned rural coverage venture with AT&T and T-Mobile. Trading volume was 23.3 million shares, below the 50-day average, amid a broader telecom and market selloff.
Bitcoin Slides Under $80,000 Ahead of ETF Reopen

Bitcoin Slides Under $80,000 Ahead of ETF Reopen

16 May 2026
Bitcoin traded near $78,183 Saturday after U.S. spot bitcoin ETFs saw $290.4 million in net outflows on May 15, led by BlackRock’s IBIT. Rising U.S. Treasury yields and oil prices triggered a broader selloff in risk assets, with ether down 2.3% at $2,179.13. The S&P 500 fell 1.2% Friday. The Senate Banking Committee advanced the Clarity Act crypto bill, but its passage remains uncertain.
Texas Instruments stock nears end of strong week as chip rally slows

Texas Instruments stock nears end of strong week as chip rally slows

16 May 2026
Texas Instruments closed Friday at $302.73, down 1.77% but up 5.2% for the week, outperforming a broader chip-stock selloff. Stifel raised its price target to $340, citing industrial and data-center strength. TI reported first-quarter revenue of $4.83 billion and guided Q2 revenue to $5.00–$5.40 billion. The iShares Semiconductor ETF fell 3.92% Friday.
Silicon Motion Moves Against Nasdaq Slump, Eyes Next Catalyst This Week

Silicon Motion Moves Against Nasdaq Slump, Eyes Next Catalyst This Week

16 May 2026
Silicon Motion shares closed at $259.99 Friday, down 1.5% for the day but up 2.5% for the week, outperforming a broader tech selloff that saw the Nasdaq fall 1.5%. The stock hit $273.90 Wednesday before retreating. The company reported Q1 net sales of $342.1 million, up 105% year-over-year, and forecast Q2 revenue of $393–411 million. Analyst targets rose after strong earnings and guidance.
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