NASDAQ:THRM

Gentherm Faces Pivotal Week After Shares Rebound 6%
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Gentherm Faces Pivotal Week After Shares Rebound 6%

Gentherm shares closed Friday at $34.69, up nearly 6% in five days but down 4.62% for the year. The company holds investor meetings this week as it pursues a $1 billion Reverse Morris Trust merger with Modine Performance Technologies, giving Gentherm holders about 60% of the new group. Q1 revenue rose 11.3% to $393.7 million. Management reaffirmed 2026 revenue guidance at $1.5–$1.6 billion.
June 1, 2026

Stock Market Today

  • Wise Faces Investigation Over Alleged Money Laundering Controls in Europe
    June 1, 2026, 1:50 PM EDT. UK-based money transfer company Wise is under investigation by Belgian prosecutors over alleged money laundering control failures in its European operations, not its UK business. The probe focuses on suspicions that Wise accounts facilitated around €500 million in suspicious transactions across 30 European countries. Wise, which recently shifted its primary stock listing to the US Nasdaq, stated it is cooperating fully but has not received any formal findings yet. Shares plunged 17.5%, wiping more than £1 billion off its market value. The investigation could affect customer trust and lead to regulatory penalties if oversight lapses are confirmed. Founded in 2011, Wise serves over 19 million customers globally with 4.7 million daily transactions.