Shares of wellness products company Nature’s Sunshine (NASDAQ:NATR)
fell 7.2% in the morning session after CEO Terrence Moorehead, announced his decision to step down from his role. The board also announced the search for his successor, and Moorehead will remain in his role until a new CEO is appointed. This interim period introduces leadership uncertainty, something the market generally dislikes.
Shares of fantasy sports and betting company DraftKings (NASDAQ:DKNG)
fell 7% in the morning session after the state of Illinois announced new legislation that introduces additional fees for online sports betting operators. The new fee structure is expected to significantly increase the tax rate for major players like DraftKings in Illinois, potentially reducing their profitability.
AllianceBernstein Holding L.P. (AB) is a publicly owned investment manager. It’s share price rose about 19% over the past year from $33.55 to $39.95 as of Friday’s closing price.
Shares of government IT services provider Science Applications International Corporation (NASDAQ:SAIC) fell 13% in the morning session after the company announced weak first quarter 2025 (fiscal 2026) results which missed analysts' EPS estimates.
European Commission President Ursula von der Leyen had previously extended an olive branch to the U.S., offering zero-for-zero tariffs on industrial goods.
