Cable One stock rises after announcing acquisition of remaining MBI stake

Investing.com – U.S. stocks were higher after the close on Monday, as gains in the Oil & Gas, Financials and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 1.23% to hit a new all time high, while the S&P 500 index climbed 0.64%, and the NASDAQ Composite index gained 0.69%.

The best performers of the session on the Dow Jones Industrial Average were Chevron Corp (NYSE:CVX), which rose 5.13% or 7.99 points to trade at 163.89 at the close. Meanwhile, Goldman Sachs Group Inc (NYSE:GS) added 3.73% or 34.10 points to end at 948.44 and Caterpillar Inc (NYSE:CAT) was up 2.96% or 17.69 points to 616.10 in late trade.

The worst performers of the session were Amgen Inc (NASDAQ:AMGN), which fell 2.11% or 6.92 points to trade at 320.72 at the close. Coca-Cola Co (NYSE:KO) declined 1.71% or 1.18 points to end at 67.94 and Johnson & Johnson (NYSE:JNJ) was down 1.47% or 3.04 points to 204.31.

The top performers on the S&P 500 were Valero Energy Corporation (NYSE:VLO) which rose 9.23% to 180.57, Slb NV (NYSE:SLB) which was up 9.05% to settle at 43.84 and Halliburton Company (NYSE:HAL) which gained 7.87% to close at 31.93.

The worst performers were Jabil Circuit Inc (NYSE:JBL) which was down 7.11% to 223.29 in late trade, AbbVie Inc (NYSE:ABBV) which lost 3.98% to settle at 220.20 and Campbell’s Co (NASDAQ:CPB) which was down 3.72% to 26.68 at the close.

The top performers on the NASDAQ Composite were Moolec Science SA (NASDAQ:MLEC) which rose 1,457.97% to 4.30, BitVentures Ltd DRC (NASDAQ:BVC) which was up 953.57% to settle at 14.75 and UniFuels Holdings Ltd (NASDAQ:UFG) which gained 88.97% to close at 1.37.

The worst performers were Oriental Culture Holding Ltd (NASDAQ:OCG) which was down 63.37% to 0.04 in late trade, Zenas Biopharma Inc (NASDAQ:ZBIO) which lost 51.54% to settle at 16.72 and Society Pass Inc (NASDAQ:SOPA) which was down 30.90% to 2.46 at the close.

Rising stocks outnumbered declining ones on the New York Stock Exchange by 1915 to 840 and 75 ended unchanged; on the Nasdaq Stock Exchange, 2273 rose and 1109 declined, while 156 ended unchanged.

Shares in Slb NV (NYSE:SLB) rose to 52-week highs; up 9.05% or 3.64 to 43.84. Shares in Halliburton Company (NYSE:HAL) rose to 52-week highs; gaining 7.87% or 2.33 to 31.93. Shares in Campbell’s Co (NASDAQ:CPB) fell to 5-year lows; losing 3.72% or 1.03 to 26.68. Shares in Goldman Sachs Group Inc (NYSE:GS) rose to all time highs; gaining 3.73% or 34.10 to 948.44. Shares in Oriental Culture Holding Ltd (NASDAQ:OCG) fell to all time lows; falling 63.37% or 0.07 to 0.04. Shares in BitVentures Ltd DRC (NASDAQ:BVC) rose to all time highs; gaining 953.57% or 13.35 to 14.75.

The CBOE Volatility Index, which measures the implied volatility of S&P 500 options, was up 2.69% to 14.90.

Gold Futures for February delivery was up 2.94% or 127.30 to $4,456.90 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.78% or 1.02 to hit $58.34 a barrel, while the March Brent oil contract rose 1.74% or 1.06 to trade at $61.81 a barrel.

EUR/USD was unchanged 0.03% to 1.17, while USD/JPY fell 0.28% to 156.40.

The US Dollar Index Futures was down 0.16% at 98.00.

Investing.com -- Vistra Corp (NYSE:VST) stock rose 3% on Monday after the company announced it has executed definitive agreements to acquire Cogentrix Energy, a portfolio of 10 modern natural gas generation facilities with approximately 5,500 MW of capacity.

The Irving, Texas-based power company will acquire the assets at a net purchase price of approximately $4.0 billion, which includes $2.3 billion in cash, $0.9 billion in Vistra stock (5 million shares at $185 per share), and the assumption of about $1.5 billion in outstanding debt. The price is offset by approximately $0.7 billion in expected tax benefits generated from the transaction.

The acquisition spans facilities across PJM, ISO New England, and ERCOT markets, with an average heat rate of approximately 7,800 Btu/kWh. The portfolio includes the Patriot and Hamilton-Liberty plants, which are 2016 COD facilities with sub 7,000 Btu/kWh heat rates.

"The Vistra team is excited to announce the acquisition of the Cogentrix portfolio, marking the second opportunistic expansion of our generation footprint over the past year to support our ability to serve growing customer demand in our key markets," said Vistra President and CEO Jim Burke.

The company expects the acquisition to deliver mid-single digit Ongoing Operations AFCFbG per share accretion in 2027 and high single-digit accretion on average over 2027-2029. The $4 billion net purchase price implies a multiple of approximately 7.25x the 2027 expected Adjusted EBITDA contribution and approximately $730/kW for the portfolio.

Vistra reiterated its previously communicated capital allocation plan, including maintaining a long-term net leverage target of less than 3x, returning capital to shareholders through planned $300 million in annual dividends, and at least $1 billion of share repurchases each year.

The transaction is subject to regulatory approvals and is expected to close in mid-to-late-2026.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com – Canada stocks were higher after the close on Monday, as gains in the Materials, REITs and Real Estate sectors led shares higher.

At the close in Toronto, the S&P/TSX Composite rose 1.06% to hit a new all time high.

The best performers of the session on the S&P/TSX Composite were Energy Fuels Inc. (TSX:EFR), which rose 10.81% or 2.48 points to trade at 25.42 at the close. Meanwhile, Bitfarms Ltd (TSX:BITF) added 10.64% or 0.38 points to end at 3.95 and Lithium Americas Corp (TSX:LAC) was up 9.77% or 0.64 points to 7.19 in late trade.

The worst performers of the session were Athabasca Oil Corp (TSX:ATH), which fell 7.42% or 0.53 points to trade at 6.61 at the close. Canadian Natural Resources Ltd (TSX:CNQ) declined 6.03% or 2.84 points to end at 44.28 and Parex Resources Inc (TSX:PXT) was down 5.29% or 0.99 points to 17.73.

Rising stocks outnumbered declining ones on the Toronto Stock Exchange by 617 to 376 and 70 ended unchanged.

The S&P/TSX 60 VIX, which measures the implied volatility of S&P/TSX Composite options, was down 0.40% to 12.32.

Gold Futures for February delivery was up 2.92% or 126.40 to $4,456.00 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in February rose 1.80% or 1.03 to hit $58.35 a barrel, while the March Brent oil contract rose 1.76% or 1.07 to trade at $61.82 a barrel.

CAD/USD was unchanged 0.30% to 0.73, while CAD/EUR unchanged 0.31% to 0.62.

The US Dollar Index Futures was down 0.16% at 98.01.

Investing.com – Colombia stocks were higher after the close on Monday, as gains in the Industrials, Services and Agriculture sectors led shares higher.

At the close in Colombia, the COLCAP rose 3.15% to hit a new all time high.

The best performers of the session on the COLCAP were Ecopetrol SA (BVC:ECO), which rose 2.67% or 50.00 points to trade at 1,920.00 at the close. Meanwhile, Promigas (BVC:PMG) added 2.05% or 130.00 points to end at 6,470.00 and Grupo Argos SA (BVC:ARG) was up 1.41% or 240.00 points to 17,220.00 in late trade.

The worst performers of the session were Grupo Cibest SA (BVC:CIBEST), which fell 2.46% or 1,700.00 points to trade at 67,500.00 at the close. Banco De Bogota SA (BVC:BBO) declined 2.16% or 860.00 points to end at 38,920.00 and Organizacion Terpel SA (BVC:TPL) was down 1.50% or 280.00 points to 18,420.00.

Rising stocks outnumbered declining ones on the Colombia Stock Exchange by 1 to 0.

US coffee C for March delivery was up 0.49% or 1.75 to $359.05 . Elsewhere in commodities trading, US cocoa for delivery in March rose 3.51% or 206.00 to hit $6,077.00 , while the February Gold Futures contract rose 2.89% or 125.25 to trade at $4,454.85 a troy ounce.

USD/COP was down 1.08% to 3,734.50, while BRL/COP fell 0.92% to 689.79.

The US Dollar Index Futures was down 0.15% at 98.01.

Investing.com -- Kala Pharmaceuticals Inc (NASDAQ:KALA) stock surged 14% in after-hours trading Monday following the company’s announcement that it has successfully settled its debt obligations with Oxford Finance, LLC.

The biopharmaceutical company completed a $2 million payment to Oxford, effectively discharging approximately $10.6 million in debt obligations as of December 26. The settlement resolves events of default under a Loan and Security Agreement dated May 4, 2021, and removes what the company described as a "substantial overhang" that had been limiting its strategic flexibility.

"The successful completion of the Oxford settlement represents a watershed moment for KALA BIO," said David E. Lazar, Chief Executive Officer and Chairman of the Board. "By settling the Company’s debt obligations and increasing stockholders’ equity, we have removed a substantial overhang that was constraining the Company’s strategic flexibility."

The debt settlement marks what the company called a "transformational milestone" that resolves critical financial obligations and potentially strengthens its balance sheet by eliminating the $10.6 million liability.

In a separate matter, Kala also disclosed that its Compensation Committee approved common stock awards to four newly hired employees on December 30, with these inducement grants totaling 400,000 shares of common stock.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Investing.com -- Veeva Systems (NYSE:VEEV) stock rose 1.6% in after-hours trading Monday following the company’s announcement of a $2 billion share repurchase program.

The life sciences cloud solutions provider said its Board of Directors has authorized the buyback of up to $2 billion of its Class A common stock over a two-year period. The company plans to execute the repurchases through various means, including open market purchases and private transactions.

"The breadth of our multi-product business, paired with a focus on operational discipline, innovation, and customer success, continues to drive financial outperformance and robust cash generation," said Chief Financial Officer Brian Van Wagener in a statement. He added that the company’s strong balance sheet enables it to both invest in growth opportunities and return capital to shareholders.

Veeva noted that the timing and amount of stock repurchases will depend on market conditions, corporate requirements, and other factors. The program does not obligate the company to acquire any specific number of shares and may be suspended or canceled at any time.

The buyback announcement comes as Veeva continues to expand its presence in providing cloud-based software solutions for the global life sciences industry. The company’s products help pharmaceutical and biotech companies manage regulatory compliance, clinical trials, and commercial operations.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.