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Citi Gains, Adobe/Figma Slide, Travere Therapeutics Soars
Description
On this episode of Stock Movers:
- Citigroup [C] shares gained as much as 3.3% after the bank reported FICC sales and trading revenue for the first quarter that beat the average analyst estimate. Equities sales and trading revenue also beat expectations. Piper Sandler said it was a much better quarter than it had forecast.
- Anthropic is preparing its next flagship model, Claude Opus 4.7, along with a new AI-powered tool for designing websites and presentations, The Information reports, citing an unidentified person with knowledge of the products. As a result, Adobe (ADBE) and Figma (FIG) slide 1.8% and 3.3% respectively.
- Travere Therapeutics (TVTX) shares jump as much as 47% in premarket trading after the drugmaker said the US FDA approved Filspari (sparsentan) to help treat a rare kidney disease called focal segmental glomerulosclerosis (FSGS).
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