Bitcoin Cash's (CRYPTO: BCH) price has decreased 3.95% over the past 24 hours to $503.05. This is contrary to the coins performance over the past week where it has experienced an up-trend of 12.0%, moving from $445.35 to its current price.
Chief Justice Collins J. Seitz Jr. signed a court order on Wednesday affirming a prior ruling to allow AMC to move forward with its stock conversion to AMC Preferred Equity units, or APE units.
Akoustis Technologies shares are trading higher Wednesday after the company reportedly floated the probability of bankruptcy after losing a lawsuit against Qorvo, Inc. and announced the final release to manufacturing of design updates across its product portfolio.
Urban Outfitters reported first-quarter earnings of 69 cents per share, beating analyst estimates of 52 cents per share, according to Benzinga Pro. The company reported first-quarter sales of $1.2 billion, beating analyst estimates of $1.17 billion. Sales were up 7.8% on a year-over-year basis.
Analog Devices saw a 34% decline in revenue but still beat analyst estimates with an adjusted EPS of $1.40. CEO Vincent Roche is optimistic about a return to growth in the third quarter due to inventory stabilization and new orders. ADI expects third-quarter revenue of $2.27 billion and adjusted EPS of $1.50.
Petco Health and Wellness reported Q1 2024 net revenue of $1.53 billion, nearly matching consensus and management guidance. Comparable sales dropped 1.2% yoy.