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Freshpet Stock Rises 7.5% to $57.63
Freshpet is up 7.5%, or $4.01 to $57.63.
Freshpet Appoints Thembi Machaba as Chief Administrative Officer
Freshpet has announced the promotion of Thembi Machaba, current chief human resources officer, to take on the additional role of chief administrative officer, effective immediately. In her expanded role, Machaba will assume added responsibility for the company's sustainability initiatives, community relations, property management, corporate security, and key management processes.
Freshpet Authorizes $150M Stock Buyback
Freshpet announced that its board of directors has authorized the company to repurchase up to $150M of its common stock.
Major Averages Close Lower, McDonald's Reports Growth
The major averages closed broadly lower as markets remain on edge regarding a potential U.S.-Iran framework agreement being reached.Of note, The Wall Street Journal reported that Saudi Arabia and Kuwait have lifted restrictions on the U.S. military's use of their bases and airspace. The Trump administration is now looking to restart "Project Freedom" to guide commercial ships with naval and air support, The Journal added.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:McDonald'sreported, with comps up 3.8%Armreportedand provided guidance for Q1 and FY26Whirlpoolreportedand cut its FY26 earnings outlookShellreported year-over-year increases inand commenced a $3B share buyback programSnapreportedand provided Q2 revenue guidance2. WALL STREET CALLS:AreteOracleto Buy amid supply constraintsPlanet Fitnessto Market Perform at William BlairAlcoato Overweight at Wells FargoClear Secureto Neutral at DA DavidsonJPMorganFreshpet, sees sales growth outpacing peers3. AROUND THE WEB:An AI chip deal between OpenAI and Broadcomhas hit a "financing snag," The Information reportsMarineMaxis pushing forward with sale plans as Donerail raises its bid, Reuters reportsNetflixis near a deal with the NFL that appears likely to include the week one game in Australia, a game the day before Thanksgiving, and the Christmas games, Puck News reportsGoogleis in talks with Blackstoneand KKRfor AI model access, The Information reportsMorgan Stanleyis rolling out crypto trading on its E*Trade platform, Bloomberg reports4. MOVERS:Datadogjumps after providing areport for Q1Fortinetrises as multiple analystson the stock following quarterly resultsShake Shackdrops afterand naming Michelle Hook CFOZoetislower after reportingCoherentfalls after5. EARNINGS/GUIDANCE:TripAdvisorreportedBecton Dickinsonprovided areport for Q2PelotonreportedPlanet Fitnesscut itsUS FoodsreportedINDEXES:The Dow fell 313.62, or 0.63%, to 49,596.97, the Nasdaq lost 32.75, or 0.13%, to 25,806.20, and the S&P 500 declined 28.01, or 0.38%, to 7,337.11.
Major Averages Little Changed as Oil Prices Decline Reflect Optimism
The major averages were little changed near noon, though a sharp decline in oil prices reflects optimism around a potential U.S.-Iran framework agreement. Crude dropping back toward the low-$90s is relieving pressure on inflation expectations and taking some stress out of rates.Semiconductor and hyperscaler momentum has gone global. Japan, Korea, Taiwan, and the U.S. are all participating simultaneously, and trillion-dollar market caps are expanding outside the traditional mega-cap U.S. cohort. The market is effectively treating AI infrastructure spending as a multi-year capex supercycle.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:McDonald'sreported, with comps up 3.8%Armreportedand provided guidance for Q1 and FY26Whirlpoolreportedand cut its FY26 earnings outlookShellreported year-over-year increases inand commenced a $3B share buyback programSnapreportedand provided Q2 revenue guidance2. WALL STREET CALLS:AreteOracle (ORCL) to Buy amid supply constraintsPlanet Fitnessto Market Perform at William BlairAlcoato Overweight at Wells FargoClear Secureto Neutral at DA DavidsonJPMorganFreshpet, sees sales growth outpacing peers3. AROUND THE WEB:Googleis in talks with Blackstoneand KKRfor AI model access, The Information reportsMorgan Stanleyis rolling out crypto trading on its E*Trade platform, Bloomberg reportsTesla'sChina-made EV sales rose 36% in April, Rueters saysMetahas asked a judge to overturn a jury verdict that found it partially liable for a user's depression due to alleged addictive platform design, Reuters reportsJPMorganoffered $1M to settle sexual assault and discrimination claims brought by a former investment banker before he refiled a lawsuit alleging misconduct within the bank, WSJ reports4. MOVERS:Datadogjumps after providing areport for Q1Fortinetrises as multiple analystson the stock following quarterly resultsShake Shackdrops afterand naming Michelle Hook CFOZoetislower after reportingCoherentfalls after5. EARNINGS/GUIDANCE:TripAdvisorreportedBecton Dickinsonprovided areport for Q2PelotonreportedPlanet Fitnesscut itsUS FoodsreportedINDEXES:Near midday, the Dow was down 0.13%, or 63.63, to 49,846.96, the Nasdaq was up 0.39%, or 100.80, to 25,939.75, and the S&P 500 was up 0.09%, or 6.41, to 7,371.53.
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