Pfizer Sells £2.4 Billion Worth of Haleon Shares, Cutting Stake to 15%

Image source: Wikimedia Commons

Pfizer Sells £2.4 Billion Worth of Haleon Shares, Cutting Stake to 15%. 💊 The company raised £2.4 billion by selling 640 million Haleon shares, reducing its stake in the consumer health company. This follows its previous divestment in Haleon, the maker of Panadol and Centrum. Yahoo Finance reports.

💰 IncentivaTesla: Tesla's quarterly deliveries set to rise as China incentives lure wary EV buyers. Reuters reports.

🛑 FireRecall: Stellantis recalls 194,000 Jeep plug-in hybrids over fire risks. Yahoo Finance reports.

🌍 ThaiFusion: Google to invest $1 billion in Thailand to build data center and accelerate AI growth. CNBC reports.

💼 PepsiSiete: PepsiCo in talks to buy Siete Foods for over $1 billion. Reuters reports.

🚫 DismissBay: EBay wins dismissal of US lawsuit over sale of harmful products. Reuters reports.

🎮 EpicBlock: Epic Games sues Google and Samsung over phone settings, accusing them of violating antitrust laws. Yahoo Finance reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $SLXN: Silexion Therapeutics
Total gain: +69.45%|

2. $UAVS: AgEagle Aerial System
Total gain: +60.46%

3. $XHG: Xchange Technologies
Total gain: +38.08%

4. $CJJD: China Jo-Jo Drugstores
Total gain: +23.31%

5. $SISI: Shineco
Total gain: +20.57%

* Analyzing the markets with Richie Naso, a Wall Street veteran of over 40 years and former member of the NYSE.

WEEKLY MARKET RECAP:

September is historically the worst month for the U.S. stock market, but stocks may be poised for September’s first gain since 2019. U.S. indices were positive this week after celebrating the Fed's supersized 50 bps interest rate cut – its first in four years. Markets rallied with the S&P 500 experiencing another one of its best days of the year last Thursday, rising 23.11 points, and ending at 5,745.37. The Nasdaq added 108.09 points last Thursday, and the Dow posted its second-highest-ever close, ending at 42,175.11.

September’s consumer confidence fell on a negative view of the current labor market, sliding to 98.7 from 105.6. Dana M. Peterson, Chief Economist at The Conference Board, stated that consumers are pessimistic about the future labor market conditions and less optimistic regarding future business conditions and income.

The closing price of the top three market percent gainers trading near or above $3 on September 30.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $DUO: Fangdd Network Group
Total gain: +146.03%
The stock appeared to be moving on no notable news.

2. $EMKR: EMCORE
Total gain: +83.47%
Mobix Labs announced that it has submitted a non-binding proposal to the Board of Directors of EMCORE Corporation to acquire all of EMCORE's outstanding shares for $3.80 per share in cash. This all-cash offer represents a premium of more than 200% over EMCORE's stock price as of September 27, 2024. According to EMCORE's 10-K filings for 2022 and 2023, the company's revenue for the fiscal year ending September 30, 2023, grew by 115%, reaching $97 million compared to the prior year. Benzinga reports.

3. $ZCMD: ZHONGCHAO
Total gain: +75.46%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

NIKE: Nike
1Q 2025
After Market Close
Estimate: 0.520
Actual: N/A

CALM: Cal-Maine Foods
1Q 2025
After Market Close
Estimate: 2.330
Actual: N/A

LW: Lamb Weston Hldgs
1Q 2025
After Market Close
Estimate: 0.720
Actual: N/A

Time (ET) / Report / Period

9:45 am - S&P final U.S. manufacturing PMI - September
10:00 am - ISM manufacturing - September
10:00 am - Construction spending - August

“Prices are never too high to begin buying or too low to begin selling.”

― Edwin LefèvreSourced in:
“Reminiscences of a Stock Operator”, by Edwin Lefèvre, published in 1923