Nebius shares hit record high after AI acquisition and Nasdaq‑100 addition, Newell Brands posts modest earnings gain
Nebius (NBIS) stock surged to an all‑time high of $282 on June 17, climbing 287 % from its year‑low, after the company completed a $643 million acquisition of Eigen AI and secured a spot in the Nasdaq‑100 index. The firm also announced a $27 billion deal with Meta Platforms and a $2 billion investment from NVIDIA. Revenue rose 684 % to $399 million, but short interest reached 20 % and insiders sold roughly $4 million of shares, prompting technical analysts to flag a potential pull‑back.
Newell Brands (NASDAQ:NWL) rose 6.9 % intraday, trading around $5.06 after reporting a quarterly loss of $0.05 per share that beat estimates by $0.04. Revenue fell 1.1 % to $1.55 billion, and the company declared a $0.07 dividend. Analysts have mixed views, with three buy ratings, five holds and two sells, and the consensus rating remains a hold.