Today: 10 June 2026
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NASDAQ:THRM 29 January 2026 - 2 February 2026

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine stock jumps after $1 billion Gentherm deal accelerates pivot to data-center cooling

Modine shares rose 5.8% to $187.00 Friday after announcing it will spin off its Performance Technologies unit and merge it with Gentherm in a $1 billion tax-free deal. Modine shareholders will receive about 21 million Gentherm shares valued near $790 million and a $210 million cash payout. The deal requires Gentherm shareholder and regulatory approval. Modine’s quarterly results are due Feb. 4 after market close.
30 January 2026
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Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine stock jumps nearly 19% as $1 billion Gentherm tie-up sharpens data center cooling focus

Modine shares rose 18.6% to $174.15 after announcing a $1 billion deal to spin off its Performance Technologies unit and merge it with Gentherm in a Reverse Morris Trust. Modine will receive $210 million in cash and its shareholders about 40% of the combined company. The deal is expected to close in late 2026, pending approvals. Gentherm shares were little changed.
29 January 2026
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Stock Market Today

  • Tech Stocks Rebound as Investors Buy the Dip After Nasdaq’s Worst Day in a Year
    June 9, 2026, 6:15 PM EDT. The Nasdaq Composite rebounded about 1% on Monday following a 4% drop on Friday, triggered by a strong U.S. jobs report that shifted Wall Street's interest rate outlook. The PHLX Semiconductor Index (SOX) surged over 5% despite rising Treasury yields and geopolitical tensions between Iran and Israel. Experts remain cautious: Bank of America projected a 6% year-end decline in the S&P 500, advising investors to "take profits" amid multiple sell signals historically linked to market peaks. Meanwhile, bullish investors expect broader market leadership and growth beyond high-flying memory and semiconductor stocks. New IPOs from SpaceX and AI companies Anthropic and OpenAI also attract attention as potential drivers of future market momentum.

Latest articles

Ford AI, energy gains pause after rally

Ford AI, energy gains pause after rally

10 June 2026
Ford shares dipped to $14.95 in late trading as investors weighed GM’s new sodium-ion battery partnership against Ford’s own $17 billion energy-storage rally, with May sales down 13.6% and EDF deliveries not expected until 2028, leaving the stock’s future tied to contracting momentum and regulatory advantages.
NuScale Tumbles as Nuclear-AI Trade Hits Bump

NuScale Tumbles as Nuclear-AI Trade Hits Bump

10 June 2026
NuScale Power plunged 7.2% to $10.00 on heavy volume as investors cut exposure to speculative nuclear stocks amid a Nasdaq selloff, with no new contracts announced and revenue down sharply year-over-year; the company’s future hinges on landing binding module deals and project financing, leaving shares sensitive to risk-off sentiment.
Visa, Mastercard get court win in $38 billion swipe-fee case

Visa, Mastercard get court win in $38 billion swipe-fee case

10 June 2026
Visa and Mastercard shares jumped 1.7% and 2% after a Brooklyn judge gave preliminary approval to their $38 billion swipe-fee settlement with U.S. merchants, a deal expected to save merchants $38 billion by 2031 and cap standard consumer-card rates at 1.25% for eight years, though major retailers and trade groups remain opposed.
Opendoor Faces Russell 3000 Deadline as Housing Market Remains Main Issue

Opendoor Faces Russell 3000 Deadline as Housing Market Remains Main Issue

9 June 2026
Opendoor shares rose 0.8% to $4.34 as investors positioned for its pending inclusion in the Russell 3000, set to take effect after June 26; index entry can boost demand from passive funds, but Opendoor’s Q1 revenue fell to $720 million with a wider $173 million net loss, and the company warned of risks from mortgage-rate volatility and housing market swings.
T1 Energy Stock Just Got Hit—KORE Deal Filing Puts Dilution Back in Focus

T1 Energy Stock Just Got Hit—KORE Deal Filing Puts Dilution Back in Focus

9 June 2026
T1 Energy shares plunged 7.4% to $8.46 after a new filing revealed details on stock-based payments for the KORE Power acquisition, raising dilution concerns as the deal’s share count will be set by a 10-day VWAP; a lower VWAP could mean more shares issued, pressuring existing holders amid sector-wide weakness and ongoing risks to closing and financing.
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