Market movers: Warner Bros, Robinhood, Sunnova, Santacruz Silver...
Last updated: 14:30 09 Jun 2025 EDT, First published: 14:20 09 Jun 2025 EDT
eToro Group Ltd (NASDAQ:ETOR) has been given a ‘Neutral’ rating and a 12-month price target of $70, reflecting modest upside, in initial coverage from analysts at UBS.
The bank’s analysts view eToro as a key beneficiary of the surge in global retail investor activity, particularly outside the US.
Sunnova Energy (NYSE:NOVA), a major US residential solar and storage provider, has filed for Chapter 11 bankruptcy protection in Texas as it struggles with more than $10 billion in liabilities, weakening demand, and a downturn in the rooftop solar market.
In its bankruptcy filing, Sunnova listed estimated assets and liabilities to be in the range of $10 billion to $50 billion. As of the end of 2024, its total debt stood at approximately $10.67 billion.
Robinhood Markets Inc (NASDAQ:HOOD) shares fell on Monday after the trading platform was not included in the S&P 500 during the index’s quarterly rebalancing.
Shares of Robinhood were down 5.4% at about $71 late morning on Monday. AppLovin Corp (NASDAQ:APP), which also missed out on S&P 500 inclusion, also saw its shares fall 4.2% to about $400. Â
Power Metallic Mines Inc (TSX-V:PNPN, OTCQB:PNPNF) announced that it has entered into a definitive agreement to acquire a 100% interest in 313 mineral claims totaling 167 square kilometers from Li-FT Power.
The newly acquired claims are adjacent to Power Metallic’s Nisk property in Quebec, where exploration is currently underway at the Lion copper-platinum group elements discovery and the Nisk nickel-copper-cobalt deposit.
Warner Bros Discovery Inc (NASDAQ:WBD, ETR:J5A) shares rose on Monday after the media giant announced plans to separate into two independent, publicly traded companies, Streaming & Studios and Global Networks, by mid-2026.
The split is intended to enhance operational agility and strategic clarity across Warner Bros Discovery's diverse media holdings.
Shares in Empire Metals Ltd (AIM:EEE, OTCQB:EPMLF) rose 16% after the company announced it had produced a high-purity titanium dioxide (TiOâ‚‚) product with an assay grade of 99.25%.
The breakthrough came from ongoing testwork at its Pitfield project in Western Australia.
