$86.080
-6.731 (-7.82%)At close
GHM News
GHM Events
Graham Appoints Jonathan Painter as Chairman of the Board
Graham announced that Jonathan Painter has been appointed Chairman of the Board of Directors, effective June 15, 2026. The appointment follows the decision by Daniel Thoren to retire and step down from his role as Executive Chairman and as a Director as part of the executive transition plan announced in February last year. Thoren will continue to serve as a Strategic Advisor to the Company through June 2027 with a focus on business development initiatives.
S&P and Nasdaq Bounce Back as Semiconductor Stocks Recover
The S&P and Nasdaq advanced to begin the week, bouncing back from Friday's declines as semiconductor stocks recovered some of the roughly $1T in market value erased from the chip sector late last week. The strength came despite oil prices moving higher following renewed attacks between Iran and Israel. as the commodity continues a volatile stretch. Of note, Israeli Prime Minister Benjamin Netanyahu reportedly said Israel is holding fire in Iran for now, but added that he told U.S. President Donald Trump that Israel has a full right to self-defense and that Israel will respond with "great force" if Iran attacks again.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand SK Hynix announced aAmazonannounced an agreement with CorningtoIngredionannounced a recommendedCampbell'sreportedand reaffirmed its FY26 guidanceAt its Worldwide Developers Conference keynote event, Apple (AAPL) unveiled new Apple Intelligence features for its apps, as well as an2. WALL STREET CALLS:Crocsto Outperform at BairdCenterspaceto Neutral at Piper SandlerVoya Financialto Strong Buy from Market Perform at Raymond JamesWall Streetof Cerebras Systemswith bullish recommendationsFervo Energysaw a bit more mixed reception infrom Wall Street firms3. AROUND THE WEB:Spotifyis hoping to become a destination for live music content, including livestreamed concerts and festivals, and has approached concert promoters regarding licensing rights to broadcast the events, Bloomberg saysThe U.K. competition regulator has launched a probe into eBay'spurchase of Depop from Etsy, Reuters reportsIn a recently published report, Hunterbrook says that Ensign Group'sbusiness model relies on "delivering inadequate care to patients while gaming data on quality, according to Hunterbrook's five-month investigation.ITA Airways will decide within the next 8 weeks on if it will sue RTX'sPratt & Whitney over engine problems that have grounded about 20% of its 80 aircraft fleet, Reuters reportsCarlylehas agreed to acquire Chung Ho Group for $700M, Bloomberg says4. MOVERS:Tango Therapeuticsgained afterfrom ongoing Phase 1/2 study of vopimetostaAmerican Batteryincreased afterwith the U.S. Department of Energy for the reinstatement of its grant awardEli Lillywas higher after itdemonstrating that women with obesity or overweight who took the highest dose of Foundayo experienced significant weight loss at every stage of menopauseShattuck Labswas lower after announcingCienafell after filing to sell5. EARNINGS/GUIDANCE:HoneywellDuluth Holdingsand backed its guidance for FY26Graham, with CEO Matthew Malone commenting on "another year of strong execution"Motorcar Partsand provided guidance for FY27VinFast Auto, with revenue up year-over-yearINDEXES:The Dow fell 80.77, or 0.16%, to 50,786.01, the Nasdaq gained 220.23, or 0.86%, to 25,929.66, and the S&P 500 advanced 21.99, or 0.30%, to 7,405.73.
Major Averages Bounce Back, Oil Prices Rise
The major averages were broadly higher near noon, bouncing back from Friday's declines as President Trump attempts to maintain a fragile ceasefire despite continued attacks between Iran and Israel. Oil prices are higher as the commodity continues a volatile stretch, while semiconductor stocks are recovering some of the roughly $1T in market value erased from the chip sector late last week.Friday's employment report showed the labor market continues to create jobs despite elevated interest rates. That data reinforced the view that the economy is slowing gradually rather than falling into recession. For equity investors, that is generally positive for earnings, but it also complicates the outlook for Federal Reserve policy. Treasury yields remain elevated as a result, although they have stabilized somewhat after their sharp rise during May.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Nvidiaand SK Hynix announced aAmazonwith Corningto boost U.S. fiber optics manufacturingIngredionannounced a recommendedCampbell'sreportedand reaffirmed its FY26 guidanceEli Lillypresentedthat women with obesity or overweight who took the highest dose of Foundayo experienced significant weight loss at every stage of menopause2. WALL STREET CALLS:Crocsto Outperform at BairdCenterspaceto Neutral at Piper SandlerVoya Financialto Strong Buy from Market Perform at Raymond JamesWall Street rolled out coverage of Cerebras SystemswithFervo Energysaw a bit more mixed reception infrom Wall Street firms3. AROUND THE WEB:Spotifyis hoping to become a destination for live music content, including livestreamed concerts and festivals, and has approached concert promoters regarding licensing rights to broadcast the events, Bloomberg saysThe U.K. competition regulator has launched a probe into eBay'spurchase of Depop from Etsy, Reuters reportsIn a recently published report, Hunterbrook says that Ensign Group'sbusiness model relies on "delivering inadequate care to patients while gaming data on quality, according to Hunterbrook's five-month investigation.ITA Airways will decide within the next 8 weeks on if it will sue RTX'sPratt & Whitney over engine problems that have grounded about 20% of its 80 aircraft fleet, Reuters reportsCarlylehas agreed to acquire Chung Ho Group for $700M, Bloomberg says4. MOVERS:Tango Therapeuticsgains afterongoing Phase 1/2 study of vopimetostaAmerican Batteryincreases after announcing itwith the U.S. Department of Energy for the reinstatement of its grant awardSportsradarhigher in New York after announcing a multi-year globalShattuck Labslower after announcingfor SL-325Cienafalls after filing to sell $2B of5. EARNINGS/GUIDANCE:Honeywellfor FY26Duluth Holdingsand backed its guidance for FY26Graham, with CEO Matthew Malone commenting on "another year of strong execution"Motorcar Partsand provided guidance for FY27VinFast Auto, with revenue up year-over-yearINDEXES:Near midday, the Dow was up 0.17%, or 84.63, to 50,951.41, the Nasdaq was up 1.50%, or 386.63, to 26,096.06, and the S&P 500 was up 0.85%, or 62.51, to 7,446.25.
Nasdaq Futures Rise 1.53% as Semiconductor Stocks Rebound
Stock futures are higher this morning as markets attempt to stabilize after Friday's sharp technology selloff. S&P 500 and Nasdaq futures are particularly rebounding, led by gains in semiconductor stocks, which are recovering some of the roughly $1T in market value erased from the chip sector late last week.Friday's employment report showed the labor market continues to create jobs despite elevated interest rates. That data reinforced the view that the economy is slowing gradually rather than falling into recession. For equity investors, that is generally positive for earnings, but it also complicates the outlook for Federal Reserve policy. Treasury yields remain elevated as a result, although they have stabilized somewhat after their sharp rise during May.Oil prices are receiving less attention than they were a few weeks ago, but energy remains an important variable.In pre-market trading, S&P 500 futures rose 0.81%, Nasdaq futures rose 1.53% and Dow futures rose 0.29%.Check out this morning's top movers from around Wall Street, compiled by The Fly.HIGHER -Corningup 9% after Amazonannounced a "multibillion-dollar agreement" for Corning to supply the optical fiber, cable, and connectivity solutions for Amazon's expanding data center infrastructure across the United States.Noceraup 39% after entering into a binding agreement with U.S.-based Digital Innovations Group to establish Digital Innovations Venture Group, a strategic venture platformNurix Therapeuticsup 15% after announcing a global collaboration with Rocheto develop and commercialize bexobrutidegNvidiaup 2% after reporting a multiyear technology partnership with SK Hynix to advance next-generation memory for the global AI factory buildout and accelerate semiconductor design and manufacturingEli Lillyup 1% after presenting results demonstrating that women with obesity or overweight who took the highest dose of Foundayo experienced significant weight loss at every stage of menopauseUP AFTER EARNINGS -AstroNovaup 6%FuelCellup 4%Duluth Holdingsup 3%Campbell'sup 2%DOWN AFTER EARNINGS -Grahamdown 7%LOWER -Wixdown 11% after cutting its FY26 revenue outlook citing an organizational realignment that includes discontinuation of certain activitiesStandard Biotoolsdown 3% after the company and Treeline Biosciences announced they have entered into a definitive merger agreement to combine in an all-stock transaction
Graham Corporation Sells $50 Million Shares to T. Rowe Price
Graham Corporation (GHM) announced the Company has agreed to sell $50 million of shares of common stock to certain accounts advised by T. Rowe Price (TROW) Investment Management, a global investment management organization. T. Rowe Price accounts will acquire 599,808 shares of Graham common stock at $83.36 per share, based upon the 20-day average closing price of the company's common stock on the New York Stock Exchange on April 13, 2026. The transaction is expected to close on April 16, 2026, subject to customary closing conditions. Graham intends to use proceeds from the stock sale to further strengthen the Company's balance sheet and financial flexibility through debt repayment and help fund future investment in organic and inorganic growth opportunities.
This page is for research only and is not investment advice. Models can be wrong. Past performance does not guarantee future results.