Barrick Gold Corporation shares are trading higher Friday, and the stock has gained more than 7% over the past five days. The gold miner's stock continues to climb as the price of gold set a record high Friday at $2,330.50 per ounce. According to Barrick's 2024 Information Circular, the company is prepared to use its operational cash flows to fund existing and new organic growth projects.
Trump Media shares are trading lower Friday, and the stock is down more than 30% over the past five days. According to a report from The Guardian, the Congressional Integrity Project sent a letter to the Republican House Oversight Chair, James Comer, requesting a probe into the merger between Trump Media Technology Group and Digital World Acquisition on Thursday.
Nikola produced 43 and wholesaled 40 Class 8 Nikola hydrogen fuel cell EVs in the first quarter of 2024 and announced it has begun to return its battery-electric trucks (BEV) associated with a voluntary recall last year. Nikola announced on Friday it will report its first-quarter financial results on May 7 and host a conference call to discuss the results at 10:30 a.m. ET the same day. According to estimates from Benzinga Pro, the company is expected to report losses of 10 cents per share and quarterly revenue of $14.235 million.
MediaCo Holding shares are trading higher Friday after an SEC filing showed Standard General L.P. reported a 95.2% stake in the company as of April 1. Standard General is a hedge fund controlled by Soohyung "Soo" Kim as its managing partner and CIO.
According to an SEC filing, David Ranhoff notified Enphase on March 31 of his intention to step down from his position at the company, effective as of June 30, 2024. Mr. Ranhoff will transition from his current position to a part-time role as commercial advisor to help facilitate the transition of his responsibilities as well as support strategic commercial initiatives. Consistent with the Enphase's succession plan, Mr. Ranhoff's role will be fulfilled by two senior vice presidents.