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Company News for Oct 7, 2024

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  • Shares of Apogee Enterprises, Inc. ((APOG - Free Report) ) soared 22.7% after the company reported second-quarter fiscal 2024 earnings of $1.44 per share, beating the Zacks Consensus Estimate of $1.20 per share. 
  • Rivian Automotive, Inc.’s ((RIVN - Free Report) ) shares fell 3.2% after the company slashed its full-year production forecast to between 47,000 and 49,000 vehicles, against its earlier guidance of 57,000 vehicles.
  • Shares of Spirit Airlines, Inc. () plummeted 24.6% on reports that the discount airline was considering filing for bankruptcy. 
  • SilverCrest Metals Inc.’s () shares jumped 9% after the company announced that Coeur Mining, Inc. ((CDE - Free Report) ) will be acquiring it at an implied stock value of around $1.7 billion.

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