CRK News & Events

U.S.-Iran deal to cease military activity and the subsequent re-opening of the Strait of Hormuz has goosed risk assets on Monday as investors re-assessed geopolitical premium and piled back into the growth and momentum names.  Energy fell sharply, with WTI Crude Oil down nearly 5%, while Industrials, Tech, and Communication Services  led the S&P 500 higher.   Within the benchmark, only about half of the names traded higher on the day, though the relatively bigger gains in large/mega-caps overpowered the losing stocks in the oil patch and the defensive Healthcare and Staples sectors.  Among the most notable outperformers, 2026 stalwarts Western Digital, Micron, and Seagatesaw some of the biggest gains.In the evening session, index futures are slightly lower, with S&P e-minis down a decimal and Nasdaq 100 down 0.2%.  WTI Crude Oil is also off its lows above $81 per barrel, while Gold and Silver are both consolidating their gains after a third consecutive advancing session.  Traders are also watching the fixed income markets, as Treasury yields have hardly budged today in spite of lower oil prices portending normalizing inflation expectations, though market participants may also be keeping their powder dry ahead of the FOMC meeting on Wednesday - the first under the Fed's new Chair Kevin Warsh.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER -Comstock Resourcesup 2.3% after announcing $600M strategic investment by Sixth StreetDOWN AFTER EARNINGS -Dave & Buster'sdown 12.0%Domo, Inc.down 2.8%ALSO LOWER -Ingram Microdown 5.6% after block saleMacerichdown 2.4% after equity offeringSuncor Energydown 1.5% after equity offering

The company states: "Comstock Resources announced that it has sold a minority equity interest in Comstock's midstream subsidiary, Pinnacle Gas Services LLC, to certain funds managed by Sixth Street, a leading global investment firm. Sixth Street invested $600 million in Pinnacle and acquired a 27% non-controlling common equity interest in Pinnacle. Sixth Street's investment values Pinnacle at a $2.2 billion enterprise value. Upon closing the transaction, Comstock retained a 73% controlling common equity interest in Pinnacle, valued today at approximately $1.6 billion, and continues to manage, operate and control the business under a management services agreement with Comstock. The proceeds from the investment were used to fully extinguish and retire the Pinnacle preferred equity securities for $445 million plus accrued dividends, all outstanding indebtedness at Pinnacle, transaction costs and for working capital."