Stock MoversStock Movers

Forgent Jumps, Waystar Rises, Coinbase Drops Ahead of Clarity Act Vote

View descriptionShare
 

On this episode of Stock Movers:

- Forgent (FPS) shares jump. The power equipment company reported fourth-quarter revenue and adjusted Ebitda above a guidance range given in May. The company’s backlog grew 256% year-over-year.

- Waystar (WAY) shares rise. Reuters reported that the firm is exploring options, including a sale, two years after a public listing in New York. The company hired Evercore to advise on the process, which is ⁠currently at an early stage, Reuters reported citing people familiar with the matter.

- Coinbase (COIN) shares drop. Hopes of the Clarity Act passing this year faded. The Senate is set to vote on the crypto regulation bill on Tuesday afternoon.

 
  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 1 playlist(s)

Stock Movers

Listen for five-minute conversations on today's biggest winners and losers in the stock market.  Su 
Social links
Follow podcast
Recent clips
Browse 3,009 clip(s)