Radius Recycling (NASDAQ:RDUS) Stock

Radius Recycling

Schnitzer Steel

Schnitzer Steel Indus

Radius Recycling Inc is a North American Based company which is involved in recycling of ferrous and nonferrous metal, including end-of-life vehicles, and a manufacturer of finished steel products. As a vertically integrated organization, it offers products and services to meet world-wide demand through the network that includes fifty retail self-service auto parts stores, fifty four metals recycling facilities, and an electric arc furnace steel mill.

Radius Health

Radius Recycling, Inc. - Class A Common Stock

Radius Recycling Inc

On March&nbsp;13, 2025, Radius Recycling,&nbsp;Inc., an Oregon corporation (&quot;Radius&quot;), Toyota Tsusho America,&nbsp;Inc., a New York corporation (&quot;Parent&quot;), and TAI Merger Corporation, a Delaware corporation and a wholly owned subsidiary of Parent (&quot;Merger Sub&quot;), entered into an Agreement and Plan of Merger (the &quot;Merger Agreement&quot;), pursuant to which, on the terms and subject to the conditions set forth in the Merger Agreement, Merger Sub will merge with and into Radius (the &quot;Merger&quot;), with Radius continuing as the surviving corporation in the Merger as a wholly owned subsidiary of Parent. The Board of Directors of Radius has approved the Merger Agreement and the transactions contemplated thereby, including the Merger.
&nbsp;
On the terms and subject to the conditions set forth in the Merger Agreement, at the effective time of the Merger (the &quot;Effective Time&quot;), and as a result of the Merger, each share of common stock of Radius (&quot;Radius Common Stock&quot;) that is issued and outstanding immediately prior to the Effective Time (other than any shares of Class&nbsp;B common stock of Radius for which dissenters&#39; rights have been properly exercised and perfected and not withdrawn) will be converted into the right to receive $30.00 in cash (the &quot;Merger Consideration&quot;), without interest, and less any applicable withholding taxes.

News

Contracts

RDUS

Radius Recycling To Pay $27.2M Termination Fee To Toyota Tsusho America If Deal Terminated Under Specified Circumstances

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 600 points on Friday.
The Dow traded up 1.53% to 41,436.27 while the NASDAQ climbed 2.36% to 17,712.11. The S&amp;P 500 also rose, gaining, 1.91% to 5,627.14.
Check This Out: <a href="https://www.benzinga.com/25/03/44324575/top-3-industrials-stocks-that-may-rocket-higher-this-month">Top 3 Industrials Stocks That May Rocket Higher This Month</a>
Leading and Lagging Sectors Information technology shares jumped by 1.9% on Friday.
In trading on Friday, consumer staples shares rose by just 0.1%.
Top Headline
The University of Michigan consumer sentiment dipped to 57.9 in March, recording the lowest reading since November 2022, compared to 64.7 in the previous month and down from market estimates of 63.1.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) shares shot up 33% to $21.16 after the company announced a warrant issuance agreement transaction with Amazon for 7,945,399 shares.</li>
<li>Shares of Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>)got a boost, surging 102% to $27.66 after the company disclosed a merger deal with Toyota Tsusho America, Inc. for $30.00 per share in cash</li>
<li>SUNation Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) shares were also up, gaining 64% to $0.5255 after the company announced it has repaid in full and retired senior and junior secured debt.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) shares dropped 38% to $7.56 after the company announced fourth-quarter results.</li>
<li>Shares of Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) were down 26% to $0.2850 after the company announced a 1-for-20 reverse stock split.</li>
<li>Sutro Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) was down, falling 27% to $0.9143 following FY 2024 results. B of A Securities downgraded the stock from Buy to Underperform and cut its price target from $11 to $1.</li>
</ul>
Commodities In commodity news, oil traded up 0.6% to $66.95 while gold traded up 0.4% at $3,002.70.
Silver traded up 0.7% to $34.535 on Friday, while copper fell 0.6% to $4.8980.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.93%, Germany's DAX 40 jumped 1.79% and France's CAC 40 gained 1.17%. Spain's IBEX 35 Index rose 1.32%, while London's FTSE 100 rose 0.80%.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei gaining 0.72%, China's Shanghai Composite Index gaining 1.81% and Hong Kong's Hang Seng Index surging 2.12%.
Economics
The University of Michigan consumer sentiment dipped to 57.9 in March, recording the lowest reading since November 2022, compared to 64.7 in the previous month and down from market estimates of 63.1.
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Earnings

Equities

Eurozone

Commodities

Intraday Update

Markets

Trading Ideas

AAOI

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SUNE

ULTA

XPOF

Dow Jumps Over 600 Points; US Consumer Sentiment Tumbles In March

U.S. stocks were higher, with the Dow Jones index gaining around 1% on Friday.
Shares of Semtech Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMTC#NASDAQ">SMTC</a>) rose sharply during Friday's session after the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/25/03/44317455/semtech-shares-soar-after-better-than-expected-q4-results-details">fourth-quarter financial results</a>.
Semtech reported quarterly earnings of 40 cents per share, which beat the analyst consensus estimate of 32 cents by 25%. Quarterly revenue of $251 million beat the consensus estimate of $249.19 million and is up from $192.94 million from the same period last year.
Semtech shares jumped 12.7% to $36.86 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares jumped 103% to $27.66 after the company disclosed a merger deal with Toyota Tsusho America, Inc. for $30.00 per share in cash.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) gained 37.7% to $21.86 after the company announced a warrant issuance agreement transaction with Amazon for 7,945,399 shares.</li>
<li>D-Wave Quantum Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/QBTS#NYSE">QBTS</a>) shares climbed 26% to $8.73 on continued strength after the company on Thursday reported a 502% year-over-year increase in fourth-quarter bookings to $18.3 million.</li>
<li>Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) shares rose 25% to $69.08 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Akebia Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKBA#NASDAQ">AKBA</a>) gained 24% to $2.0950. HC Wainwright &amp; Co. analyst Ed Arce reiterated Akebia Therapeutics with a Buy and maintained a $7.5 price target.</li>
<li>Green Dot Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDOT#NYSE">GDOT</a>) rose 20.9% to $8.03.</li>
<li>REGENXBIO Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGNX#NASDAQ">RGNX</a>) gained 17.5% to $7.70 following fourth-quarter earnings.</li>
<li>Rigetti Computing, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>) jumped 17% to $10.22.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) rose 15% to $85.78 following better-than-expected quarterly financial results.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) jumped 15% to $10.43.</li>
<li>Bit Digital, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTBT#NASDAQ">BTBT</a>) surged 15% to $2.61 following FY 2024 results.</li>
<li>Afya Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFYA#NASDAQ">AFYA</a>) gained 13.3% to $18.38 following upbeat earnings.</li>
<li>PagerDuty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PD#NYSE">PD</a>) rose 12.7% to $17.59 after the company reported better-than-expected quarterly financial results and issued FY26 adjusted EPS guidance above estimates.</li>
<li>Futu Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FUTU#NASDAQ">FUTU</a>) rose 12.5% to $120.97 after the company reported better-than-expected quarterly financial results.</li>
<li>SoundHound AI, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>) gained 10.6% to $9.85.</li>
<li>Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>) surged 8.5% to $101.50 following upbeat quarterly sales.</li>
<li>Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) rose 6.8% to $101.32.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) gained 6.7% to $335.48 after the company reported better-than-expected quarterly financial results.</li>
<li>Carvana Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVNA#NYSE">CVNA</a>) rose 6.2% to $177.02. B of A Securities analyst Michael McGovern maintained Carvana with a Buy and lowered the price target from $270 to $220.</li>
</ul>
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AFYA

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RBRK

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SMTC

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Semtech Posts Better-Than-Expected Earnings, Joins Rubrik, DocuSign, PagerDuty And Other Big Stocks Moving Higher On Friday

U.S. stocks traded higher this morning, with the Nasdaq Composite gaining around 1.5% on Friday.
Following the market opening Friday, the Dow traded up 0.31% to 40,939.35 while the NASDAQ climbed 1.50% to 17,562.15. The S&amp;P 500 also rose, gaining, 0.95% to 5,573.84.
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Leading and Lagging Sectors Information technology shares gained by 1.9% on Friday.
In trading on Friday, consumer staples shares dipped by 0.5%.
Top Headline
Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) reported stronger-than-expected fourth-quarter financial results on Thursday.
Ulta Beauty said it expects fiscal year 2025 revenue of $11.5 billion to $11.6 billion versus estimates of $11.67 billion, according to Benzinga Pro. The company anticipates full-year earnings of $22.50 to $22.90 per share versus estimates of $23.50 per share.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Bon Natural Life Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BON#NASDAQ">BON</a>) shares shot up 145% to $1.80.</li>
<li>Shares of Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>)got a boost, surging 104% to $27.91 after the company disclosed a merger deal with Toyota Tsusho America, Inc. for $30.00 per share in cash</li>
<li>SUNation Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SUNE#NASDAQ">SUNE</a>) shares were also up, gaining 47% to $0.4701 after the company announced it has repaid in full and retired senior and junior secured debt.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) shares dropped 35% to $7.85 after the company announced fourth-quarter results.</li>
<li>Shares of Newegg Commerce, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEGG#NASDAQ">NEGG</a>) were down 35% to $0.2499 after the company announced a 1-for-20 reverse stock split.</li>
<li>Sutro Biopharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STRO#NASDAQ">STRO</a>) was down, falling 29% to $0.8825 following FY 2024 results. B of A Securities downgraded the stock from Buy to Underperform and cut its price target from $11 to $1.</li>
</ul>
Commodities In commodity news, oil traded up 0.9% to $67.16 while gold traded up 0.6% at $3,009.80.
Silver traded up 1.4% to $34.785 on Friday, while copper rose 0.2% to $4.9350.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.9%, Germany's DAX 40 jumped 2% and France's CAC 40 gained 1.3%. Spain's IBEX 35 Index rose 1.2%, while London's FTSE 100 rose 0.8%.
Asia Pacific Markets
Asian markets closed higher on Friday, with Japan's Nikkei gaining 0.72%, China's Shanghai Composite Index gaining 1.81% and Hong Kong's Hang Seng Index surging 2.12%.
Economics
The University of Michigan consumer sentiment will be released today.
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Nasdaq Surges 1.5%; Ulta Beauty Posts Upbeat Results

As of March 14, 2025, three stocks in the materials sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Radius Recycling Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>)</h3>
<ul>
<li>On March 13, Radius Recycling agreed to be acquired by US subsidiary of Toyota Tsusho for $30.00 per share in cash. &#8220;We are excited to have reached this agreement with TTC, which builds on our longstanding relationship and provides us with increased opportunities for our talented team, broader products and services for our suppliers, customers and communities, and an expanded platform for our more than 100 operating sites while delivering significant immediate value to our shareholders,&#8221; said Tamara L. Lundgren, Radius&#8217; Chairman and Chief Executive Officer. The company's stock gained around 8% over the past month and has a <a href="https://www.benzinga.com/quote/RDUS">52-week high of $21.42</a>.</li>
<li>RSI Value: 87.9&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>RDUS Price Action: Shares of Radius Recycling fell 2.3% to close at $13.66 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Gold Fields Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GFI#NYSE">GFI</a>)</h3>
<ul>
<li>On Dec. 6, 2024, JP Morgan analyst Allan Cooke maintained Gold Fields with a Neutral and lowered the price target from $18 to $17.1. The company's stock gained around 10% over the past month and<a href="https://www.benzinga.com/quote/GFI"> has a 52-week high</a> of $20.83.</li>
<li>RSI Value: 70.1</li>
<li>GFI Price Action: Shares of Gold Fields gained 2.8% to close at $20.75 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">DRDGOLD Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DRD#NYSE">DRD</a>)</h3>
<ul>
<li>On Feb. 19, HC Wainwright &amp; Co. analyst Heiko Ihle maintained DRDGold with a Buy and lowered the price target from $17.25 to $16.25.. The company's stock gained around 37% over the past month and has a <a href="https://www.benzinga.com/quote/DRD">52-week high</a> of $14.24.</li>
<li>RSI Value: 73.8</li>
<li>DRD Price Action: Shares of DRDGOLD gained 2.1% to close at $14.14 on Thursday. </li>
</ul>
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Short Ideas

Pre-Market Outlook

Top 3 Materials Stocks That May Collapse In March

WIIM

Radius Recycling shares are trading higher after the company disclosed a merger deal with Toyota Tsusho America, Inc. for $30.00 per share in cash

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are shooting higher premarket on Friday. On Thursday, the company disclosed a definitive merger agreement with Toyota Tsusho America, Inc. <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/g44317642/radius-recycling-to-be-acquired-by-u-s-subsidiary-of-toyota-tsusho-corporation-ttc-accelerating-in" rel="noreferrer noopener">for $30.00 per share in cash</a>.
The acquisition price offers around a 115% premium over Radius&#8217; closing share price, and around a 102% premium over the 90-day volume-weighted average share price (VWAP) on March 12, 2025.
The total implied enterprise value of the transaction, including net debt, is approximately $1.34 billion.
The transaction is expected to close in the second half of 2025, pending approval by Radius&#8217; shareholders and other customary closing conditions.
Toyota Tsusho, which is the U.S. subsidiary of Toyota Tsusho Corporation&nbsp;(TTC) expects Radius to become a consolidated subsidiary during <a target="_blank" href="https://www.toyota-tsusho.com/english/press/upload_files/4cb197adb99df7a36ed659cd47a65b11.pdf" rel="noreferrer noopener">the </a>next fiscal year (fiscal year ending March 31, 2026).
Radius anticipates leveraging TTC&#8217;s strong connections with automotive OEMs and suppliers at all tiers, which will open up more opportunities to collaborate with metals consumers.
This expanded customer base will strengthen Radius&#8217; operational platform, enabling it to invest in facilities, drive growth, and offer enhanced products and services.
Tamara L. Lundgren, Radius&#8217; Chairman and Chief Executive Officer, said, &#8220;We are excited to have reached this agreement with TTC, which builds on our longstanding relationship and provides us with increased opportunities for our talented team, broader products and services for our suppliers, customers and communities, and an expanded platform for our more than 100 operating sites while delivering significant immediate value to our shareholders,&#8221;&nbsp;
As of December 31, 2024, TTC&#8217;s cash and cash equivalent stood <a target="_blank" href="https://www.toyota-tsusho.com/english/ir/earnings-presentations/upload_files/E_tanshin_104_3Q.pdf" rel="noreferrer noopener">at </a>JPY860 billion (around $5.78 billion).
In January, Radius reported first-quarter&nbsp;revenue of&nbsp;$656.54 million, missing&nbsp;the consensus of&nbsp;$665.6 million, and adjusted loss per share of $1.33,&nbsp;<a target="_blank" href="https://www.benzinga.com/25/01/42876979/radius-recyclings-q1-fy25-revenue-falls-short-declines-in-ferrous-sales-weigh-on-results" rel="noreferrer noopener">missing the consensus loss of $0.10</a>.
Price Action: RDUS shares are up 109.0% at $28.55 premarket at the last check Friday.
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Photo via Shutterstock

Small Cap

Movers

Radius Recycling Lands Merger Deal At 115% Premium, Stock Skyrockets

Shares of Rubrik, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RBRK#NYSE">RBRK</a>) rose sharply in today's pre-market trading after the company reported better-than-expected fourth-quarter financial results and issued first-quarter<a href="https://in.benzinga.com/news/earnings/25/03/44317342/rubrik-stock-climbs-after-strong-q4-results-q1-guidance-above-estimates"> guidance above estimates</a>.
Rubrik reported quarterly losses of 61 cents per share, which beat the analyst consensus estimate for losses of 80 cents. Quarterly revenue clocked in at $258.1 million, which beat the analyst consensus estimate of $233.1 million.
Rubrik shares climbed 20.8% to $66.84 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) rose 108.7% to $28.51 in pre-market trading after the company agreed to be acquired by US subsidiary of Toyota Tsusho for $30.00 per share in cash.</li>
<li>Applied Optoelectronics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAOI#NASDAQ">AAOI</a>) gained 56.5% to $24.83 in pre-market trading after the company announced a warrant issuance agreement transaction with Amazon for 7,945,399 shares.</li>
<li>MEDIROM Healthcare Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRM#NASDAQ">MRM</a>) gained 48.6% to $0.91 in pre-market trading. MEDIROM Mother Labs executive made an additional investment in Mother Labs&#8217; Series A financing at a pre-money valuation of JPY9 billion.</li>
<li>Cellectis S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLLS#NASDAQ">CLLS</a>) gained 40.3% to $1.81 in pre-market trading after the company announced upbeat financial results for the fourth quarter.</li>
<li>Bit Origin Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTOG#NASDAQ">BTOG</a>) gained 37.2% to $0.3743 in pre-market trading after declining 26% on Thursday.</li>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) gained 23.2% to $0.0978 in pre-market trading. Digital Ally has been granted six new patents covering diverse sectors.</li>
<li>TransCode Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAZ#NASDAQ">RNAZ</a>) rose 19% to 0.8827. TransCode Therapeutics, on Thursday, announced Safety Review Committee approval to open a fourth cohort of its Phase I/II Clinical trial of TTX-MC138.</li>
<li>DocuSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DOCU#NASDAQ">DOCU</a>) gained 12.2% to $83.75 in pre-market following better-than-expected fourth-quarter financial results.</li>
<li>Ulta Beauty, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULTA#NASDAQ">ULTA</a>) rose 7% to $336.26 in pre-market trading as the company reported stronger-than-expected fourth-quarter financial results. Ulta Beauty expects fiscal year 2025 revenue of $11.5 billion to $11.6 billion versus estimates of $11.67 billion, according to Benzinga Pro. The company anticipates full-year earnings of $22.50 to $22.90 per share versus estimates of $23.50 per share.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Xponential Fitness, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPOF#NYSE">XPOF</a>) shares fell 30.8% to $8.39 in pre-market trading after the company announced fourth-quarter results.</li>
<li>Linkage Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LGCB#NASDAQ">LGCB</a>) declined 21.8% to $0.1797 in pre-market trading.</li>
<li>Septerna, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEPN#NASDAQ">SEPN</a>) dipped 21.4% to $5.02 in pre-market trading after falling 5% on Thursday.</li>
<li>Olema Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OLMA#NASDAQ">OLMA</a>) fell 15.1% to $3.71 in pre-market trading.</li>
<li>Icon Energy Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICON#NASDAQ">ICON</a>) shares fell 14.7% to $0.1160 in pre-market trading. ICON Energy received non-compliance letter from the Nasdaq.</li>
<li>Regencell Bioscience Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGC#NASDAQ">RGC</a>) fell 13.4% to $12.20 in pre-market trading. Relevant Gold closed second tranche of upsized $8.5 million non-brokered private placement led by strategic investors Kinross and Bollinger.</li>
<li>ImmunoPrecise Antibodies Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPA#NASDAQ">IPA</a>) fell 11.8% to $0.3572 in today's pre-market trading. ImmunoPrecise Antibodies shares gained over 11% on Thursday after the company announced a strategic partnership to advance antibody-drug conjugates and bispecific antibodies for cancer.</li>
<li>SenesTech, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNES#NASDAQ">SNES</a>) shares tumbled 10% to $2.16 in pre-market trading after gaining 5% on Thursday. SenesTech recently reported better-than-expected quarterly EPS results.</li>
<li>SI-BONE, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) fell 8.2% to $13.51 in pre-market trading. SI-BONE recently reported better-than-expected fourth-quarter EPS results and issued FY25 sales guidance above estimates.</li>
<li>XPeng Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XPEV#NYSE">XPEV</a>) shares dipped 5.4% to $23.99 in pre-market trading. XPeng recenty announced to spend up to $13.8 billion on humanoid robots.</li>
</ul>
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</ul>

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CLLS

DGLY

ICON

LGCB

OLMA

RNAZ

SEPN

SIBN

SNES

XPEV

Why Rubrik Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket

Trading Halt: Halt status updated at 5:25:00 PM ET: Quotation Resumption: News and Resumption Times

Radius Recycling Agrees To Be Acquired By US Subsidiary Of Toyota Tsusho For $30.00 Per Share In Cash

Trading Halt: Halted at 4:55:00 p.m. ET - Trading Halt: Halt News Pending

Radius Recycling, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) shares are trading lower on Wednesday. On Tuesday, the company reported first-quarter&nbsp;revenue of&nbsp;$656.54 million, missing <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/g42862059/radius-recycling-reports-first-quarter-fiscal-2025-financial-results" rel="noreferrer noopener">the consensus of&nbsp;$665.6 million</a>.
Ferrous sales volumes (LT, in thousands) decreased to 1,106 from 1,152 a year ago; adjusted EBITDA per ferrous ton sold ($/LT) was&nbsp;nil compared to&nbsp;$1&nbsp;in the prior year quarter.
Average net ferrous sales prices ($/LT) fell to $338 from $354 last year. Finished steel average net sales price ($/ST) came in at $775 (vs. 831 a year ago), and sales volumes (ST, in thousands) of 125 (vs. 129 in the comparable period).
Nonferrous prices rose 12%, offsetting a 5% decline in ferrous prices due to soft global markets and high Chinese steel exports.
Finished steel contribution fell due to weaker domestic conditions and a drop in prices. Lower mill utilization in the first quarter, from scheduled maintenance, also impacted results.
Gross margin declined to&nbsp;$33 million&nbsp;from&nbsp;$39 million&nbsp;a year ago, and adjusted EBITDA was nil, compared to&nbsp;$1 million&nbsp;a year ago.
Adjusted loss per share was $1.33 compared to a loss of $0.64 prior year, also <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missing the consensus loss of $0.10.</a>
The company witnessed strong stronger recycled metals contribution driven by productivity gains and higher nonferrous demand.
The company&#8217;s operating cash flow was nearly break-even in the first quarter of fiscal 2025. Total debt stood at $445 million at the end of the quarter, and debt, net of cash, was $430 million.
Dividend: The Board of Directors declared a cash dividend of $0.1875 per common share, payable on February 18, 2025, to shareholders of record as of February 3, 2025.&nbsp;
Tamara Lundgren, Chairman and Chief Executive Officer, said, &#8220;We expect inventory rebuilding and seasonality will drive improved demand in the second half of our fiscal year.&#8221;
&#8220;In the longer-term, the demand for recycled metals remains positive, underpinned by increased investments in infrastructure, including for energy projects, industrial reshoring, continued growth in U.S. electric arc furnace steelmaking capacity, and the transition to low-carbon technologies.&#8221;
Price Action: RDUS shares are trading lower by 25.8% at $10.96 at the last check Wednesday.
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Image via Shutterstock.

Dividends

Radius Recycling's Q1 Revenue Falls Short, Declines in Ferrous Sales Weigh on Results

Radius Recycling&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(1.33) per share which missed the analyst consensus estimate of $(0.43) by 209.3 percent. This is a 107.81 percent decrease over losses of $(0.64) per share from the same period last year. The company reported quarterly sales of $656.54 million which missed the analyst consensus estimate of $665.90 million by 1.41 percent. This is a 2.43 percent decrease over sales of $672.90 million the same period last year.

Radius Recycling Q1 Adj $(1.33) Misses $(0.43) Estimate, Sales $656.54M Miss $665.90M Estimate

Radius Recycling shares are trading lower after the company reported worse-than-expected Q1 financial results.

Radius Pharmaceuticals Grants Pharmanovia Exclusive Commercialization Rights To Abaloparatide

Radius Pharmaceuticals Expands Abaloparatide Licensing Agreement With Theramex, Granting Exclusive Commercialization Rights For ELADYNOS In Mexico, Canada, South Africa, Israel, And Russia, Along With Additional Unpartnered Regions; Radius To Receive Upfront And Milestone Payments Plus Tiered Royalties

Goldman Sachs analyst Mike Harris initiates coverage on Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) with a Neutral rating and announces Price Target of $22.

Price Target

Initiation

Analyst Ratings

Goldman Sachs Initiates Coverage On Radius Recycling with Neutral Rating, Announces Price Target of $22

Management

Radius Recycling Appoints Marc Hathhorn As COO

Radius Recycling (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) reported quarterly losses of $(0.41) per share which beat the analyst consensus estimate of $(0.59) by 30.51 percent. This is a 187.23 percent decrease over earnings of $0.47 per share from the same period last year. The company reported quarterly sales of $771.00 million which beat the analyst consensus estimate of $688.95 million by 11.91 percent. This is a 7.38 percent increase over sales of $718.00 million the same period last year.

Earnings Beats

Radius Recycling Q4 2024 Adj EPS $(0.41) Beats $(0.59) Estimate, Sales $771.00M Beat $688.95M Estimate

U.S. equities were little moved on Tuesday as investors continued to assess the potential for interest rate cuts following the latest economic data and comments from <a href="https://www.benzinga.com/markets/bonds/24/07/39600702/fed-chair-powell-warns-of-unsustainable-us-debt-path-downplays-risks-of-possible-trump-attacks-on-c">Fed Chair Jerome Powell.</a>
Speaking at the European Central Bank (ECB) forum in Portugal, Powell welcomed recent progress on disinflation and noted that the labor market is &#8220;appropriately cooling,&#8221; reinforcing market expectations for reduced borrowing costs later this year. He anticipates inflation to be between 2% and 2.5% by this time next year but did not commit to a specific course of action.
Powell also highlighted the unsustainable trajectory of the U.S. national debt, labeling it a &#8220;top-level issue&#8221; for policymakers at Capitol Hill.
On the data front, the Job Openings and Labor Turnover Survey (JOLTS) report revealed a surge of 221,000 job vacancies, reaching 8.14 million in May and surpassing the forecast of 7.91 million.
Traders are now looking ahead to further crucial labor market data, including the private ADP employment report on Wednesday and the official June employment situation on Friday.
Indices and sectors traded within narrow ranges, with only a few standout performers. Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) made headlines, soaring over 9% as second-quarter deliveries exceeded market expectations. The EV giant, led by Elon Musk, delivered 443,956 vehicles in the second quarter, marking a 4.8% decrease from the previous year but surpassing estimates of 438,019 vehicles.
Treasury yields remained mostly unchanged, with the 10-year yield at 4.45%. Commodities showed little movement as well, with West Texas Intermediate (WTI) light crude trading flat at $83.50 and gold dipping by 0.3%.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) declined by 1.6%, falling below $62,000.
<h1 class="wp-block-heading">Tuesday&#8217;s Performance In Major US Indices, ETFs</h1>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,895.50</td>
<td>0.4%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,484.20</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>201.12</td>
<td>0.0%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>39,118.69</td>
<td>-0.1%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:05 p.m. ET</figcaption></figure>
<h1 class="wp-block-heading">According to&nbsp;<a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent070224&amp;t=be2bearmibe3na1">Benzinga Pro&nbsp;data:</a></h1>
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.2% higher to $546.40.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;was 0.1% lower to $391.26.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) was 0.5% higher to $484.63.</li>
<li>Sector-wise, the&nbsp;Consumer Discretionary&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLY#NYSE">XLY</a>)&nbsp;outperformed, up by 1.5%, aided by Tesla&#8217;s remarkable rally, while the&nbsp;Health Care Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, falling 0.7%.</li>
</ul>

<h1 class="wp-block-heading">Tuesday&#8217;s Stock Movers</h1>
<ul>
<li>R1 RCM Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCM#NASDAQ">RCM</a>) tumbled 15.2% after New Mountain Capital announced it was no longer interested in a joint acquisition of R1 with TCP/ASC and reduced its proposed takeover offer.</li>
<li>Insurance technology company Roadzen Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDZN#NASDAQ">RDZN</a>) skyrocketed 75%, notching the highest one-day rally since inception, in reaction to the company&#8217;s quarterly earnings. </li>
<li>Other companies reacting to earnings were MSC Industrial Direct Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>) and Radius Recycling Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RDUS#NASDAQ">RDUS</a>) down over 8%, </li>
</ul>
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Photo: Shutterstock

Bonds

Specialty ETFs

Economics

Federal Reserve

$BTC

SPDR Dow Jones Industrial Average ETF Trust

RDZN

TSLA

Select Sector SPDR-Consumer Discretionary

Stocks Hold Steady As Powell Reassures On Disinflation Path, Warns About Debt Risks; Tesla Rallies, Job Openings Spike: What's Driving Markets Tuesday?

Press Releases

Radius Pharmaceuticals Expands Abaloparatide Licensing Agreement with Theramex Granting Additional Commercialization Rights Including Mexico, Canada, South Africa, Israel, and Russia

Radius Recycling Publishes Fiscal Year 2024 Sustainability Report

Radius Recycling Announces First Quarter Fiscal 2025 Earnings Date and Webcast Details

Radius Pharmaceuticals Announces Licensing Agreement with Pharmanovia to Register and Commercialize Abaloparatide in China and Select Asia Pacific Territories

Radius Recycling Reports First Quarter Fiscal 2025 Financial Results

QXO Proposes Full Slate of Independent Directors for Election at Beacon Roofing Supply's 2025 Annual Meeting

RADIUS RECYCLING to be Acquired by U.S. Subsidiary of TOYOTA TSUSHO CORPORATION (TTC), Accelerating Investment in Future Growth

RDUS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Radius Recycling, Inc. Is Fair to Shareholders

$HAREHOLDER ALERT: The M&A Class Action Firm Investigates the Merger of Radius Recycling, Inc. - RDUS

RADIUS RECYCLING INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Radius Recycling, Inc. - RDUS

AMWD

AVNT

BECN

BERY

FERG

FLXS

PGTI

SIEGY

STLD

UNVR

XONE

Ascent Industries

Alpha Metallurgical Resources, Inc. Common Stock

Alpha Metallurgical

Cleveland-Cliffs

Commercial Metals

Carpenter Technology Corporation Common Stock

Carpenter Tech

Gerdau

Warrior Met Coal

Ramaco Resources, Inc. - Class A Common Stock

Ramaco Resources

Ramaco Resources, Inc. - Class B Common Stock

Mesabi Tr

ArcelorMittal

Metallus

Nucor

POSCO HOLDINGS INC. American Depositary Shares (Each representing 1/4th of a share of Common Stock)

POSCO Holdings

Reliance

Ryerson Holding

Companhia Siderurgica Nacional S.A. Common Stock

Companhia Siderurgica

Steel Dynamics

SunCoke Energy

Ternium S.A. Ternium S.A. American Depositary Shares (each representing ten shares, USD1.00 par value)

Ternium

VALE S.A. American Depositary Shares Each Representing one common share

Vale

Worthington Steel

United States Steel Corporation Common Stock

United States Steel

Olympic Steel

Goldman Sachs

SVB Leerink

B of A Securities

Screenshot 2024-03-27 at 5.29.45 PM

Emerging Markets

Movers & Shakers

GWAV

Greenwave Technology Solutions Could Be Emerging As Recycling Leader By Increasing Metal Processing Capabilities In Eastern U.S.

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