Market-Moving News for June 11th

Navan
Oracle
PureCycle Technologies Inc

Navan

NAVN

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Oracle

ORCL

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PureCycle Technologies Inc

PCT

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ORCL: -11% | Oracle shares are trading lower after the company reported its Q4 financial results. Also, the company announced it expects to raise approximately $40 billion through a combination of debt and equity financing, including its previously announced $20 billion at-the-market equity issuance.

 

NAVN: 23% | Navan shares are trading higher after the company reported better-than-expected Q1 financial results and raised its FY2027 sales guidance above estimates.

 

PCT: -14% | PureCycle Technologies shares are trading lower after the company announced that it has commenced an underwritten public offering of $250.0 million aggregate principal amount of its convertible senior notes due 2032 and concurrently, a $145.0 million common stock offering.