Stocks to Watch: Shift Technologies, Talaris Therapeutics, Lockheed Martin
07 October 2023 - 11:01AM
Dow Jones News
By Ben Glickman
Shift Technologies will file for bankruptcy protection as it
winds down operations. The company said it has already shuttered
its two California locations and stopped operating its website.
Shares fall 84% to 30 cents after-hours.
Talaris Therapeutics declared a special dividend conditional on
the completion of its merger with Tourmaline Bio. Talaris, which
inked a deal with Tourmaline in June, said the cash payout was
expected to be $1.51. Talaris shares climb 6.3% to $2.87
after-hours
Lockheed Martin expanded its share buyback program by $6
billion, bringing the total stock purchase program to $13 billion.
The aerospace and defense company raised its dividend to $3.15,
representing an annualized yield of about 3.1%.
Write to Ben Glickman at ben.glickman@wsj.com
(END) Dow Jones Newswires
October 06, 2023 19:46 ET (23:46 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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