Tag: Corporate Actions

Finance

Aurora Cannabis stock gains after first beat on pot sales in more than a year

02/10/2022
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Aurora Cannabis Inc. shares gained in late trading Thursday, after the Canadian pot producer beat sales expectations for the first time in more than a year. Aurora ACB, -1.08% ACB, -1.02% reported a f...

Finance

Zillow’s lost more than $230 million in its iBuying fire sale, but the stock is still surging

02/10/2022
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Three months after a home-flipping initiative imploded in an embarrassing public display, Zillow Group Inc. reported record revenue from selling the underwater homes Thursday and predicted big sales a...

Finance

Micron, Western Digital Shares Are Surging. Flash-Chip Issues Will Lift Prices.

02/10/2022
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Text size Western Digital is having production issues at two factories in Japan. Dreamstime Western Digital and Micron Technology shares are both trading sharply higher Thursday on news that flash-mem...

Finance

PepsiCo Posts Earnings Beat and Boosts Dividend. The Stock Rises.

02/10/2022
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Text size Joe Raedle/Getty Images PepsiCo , the soft drinks and snacks giant, reported fourth-quarter adjusted earnings of $1.53 a share on revenue of $25.3 billion, both higher than analysts’ estimat...

Finance

The stock split from Google’s parent may spark a wave, Bank of America analysts say

02/09/2022
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Stock splits usually work, and the 20-for-1 split by Google’s parent company Alphabet may spark a wave. That’s according to analysis from Bank of America, which found that companies that have announce...

Finance

Zynga reports record results, stock mostly unmoved after hours pending acquisition by Take-Two

02/09/2022
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Zynga Inc. reported record results in the extended session Wednesday with a slight bottom-line miss, but shares of the videogame publisher were flat after hours given its pending acquisition by Take-T...

Finance

How Much Is Trump’s New Social-Media Company Worth? Traders Can’t Decide

02/08/2022
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Traders are struggling to place a consistent value on Donald Trump’s new social-media venture, a business that hasn’t offered much in the way of details but one that supporters think is destined to ta...

Finance

DuPont Beat Earnings Expectations and Announced a Dividend Boost

02/08/2022
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Text size DuPont shares were up 5.6% in recent trading. Mark Makela/Getty Images Materials giant DuPont beat Wall Street’s fourth-quarter earnings estimates and raised its quarterly dividend. But its ...

Finance

Nvidia Stock Is in a Bear Market. It’s Time to Buy the Highflying Chip Maker.

02/08/2022
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Nvidia stock has gotten hit hard. One investor explains why it may be time to buy. David Paul Morris/Bloomberg Text size Nvidia (NVDA) stock, like many tech shares, has tumbled from its 2021 high. But...

Finance

BP Posts Bumper Profit and New Round of Buybacks

02/08/2022
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Text size BP Exploration Alaska headquarters Getty Images Surging oil and gas prices last year helped BP post its highest profit since 2012, allowing the company to reduce debt and announce more share...

Finance

Nvidia Calls Off Acquisition of Chip-Designer Arm. It’s Not a Surprise.

02/08/2022
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Text size Justin Sullivan/Getty Images Shares of Nvidia fell in premarket trading Tuesday after the graphics chipmaker and Japan’s SoftBank agreed to call off Nvidia’s deal to buy microprocessor desig...

Finance

Nvidia calls off $40 billion acquisition of Arm: report

02/07/2022
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Nvidia Corp. is giving up on its attempt to acquire chip designer Arm Ltd. from Softbank Group Corp., according to a report Monday. Nvidia NVDA, +1.68% agreed to acquire Arm for $40 billion in cash an...

Finance

Opinion: Trump-related SPACs surge, then fall, as retail investors have their own Joe Rogan experience

02/07/2022
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Joe Rogan’s podcast future is up in the air, and — for a few hours on Monday — so were the stock prices of some MAGA SPACs. Shares in CF Acquisition Corp VI CFVI, +18.17% soared as high as 39.7% in la...

Finance

Alibaba Stock Is Falling. SoftBank May Be Getting Ready to Sell Its Stake.

02/07/2022
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Text size Masayoshi Son’s SoftBank Group owns almost 25% of Alibaba. Maybe not for long. Charly Triballeau/AFP/Getty Images Technology investor SoftBank may be getting ready to sell some or all ...

Finance

Apple, Not Amazon, Should Buy Peloton. One Analyst Explains Why.

02/06/2022
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Text size (Photo by Michael Loccisano/Getty Images) It’s been reported that Amazon.com and Nike are weighing bids for Peloton Interactive . One analyst said he’s be surprised if Apple also wasn’t in t...

Finance

ConocoPhillips, CME Group and Others Boosted Dividends

02/05/2022
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Energy exploration and production giant ConocoPhillips (ticker: COP) said it will pay an ordinary dividend of 46 cents a share and a second-quarter variable return of cash of 30 cents a share. That’s ...

Finance

How to Handle Taxes After AT&T’s Spinoff of WarnerMedia

02/05/2022
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Text size AT&T holders are due to receive about 0.24 share of Warner Bros. Discovery for each AT&T share. David Paul Morris/Bloomberg Income-oriented investors in AT&T face a choice when t...

Finance

AT&T Spent a Decade Buying Things. Now It’s Cleaning House.

02/04/2022
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Illustration by Elias Stein Text size AT&T cast light on its pending spinoff of WarnerMedia to Discovery this past week—a big step toward putting a decade of misguided mergers and acquisitions beh...

Finance

CEO of Self-Driving-Car Firm Luminar Buys Stock

02/04/2022
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Text size A vehicle with Luminar LiDAR Patrick T. Fallon/AFP/Getty Images Luminar Technologies stock has been slumping, and founder and CEO Austin Russell scooped up the cheaper shares. Luminar (ticke...

Finance

AT&T’s Dividend Cut Puts It in an Unenviable Club

02/04/2022
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A company cutting its dividend after a spinoff is uncommon, but not unprecedented. The longer-term outcomes can vary markedly. AT&T (ticker: T) joined this club on Tuesday, when it said it expects...

Finance

Nokia Reinstates Dividend, Sets New, Long-Term Margins Target

02/03/2022
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Text size The logo of telecommunications giant Nokia before the company’s press conference in Espoo, Finland. Markku Ulander /Lehtikuva/AFP via Getty Images Nokia on Thursday reinstated its quar...

Finance

Should You Buy PayPal Stock After Its Big Drop? Don’t Rush In.

02/02/2022
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PayPal refrained from reiterating growth targets, trimmed its forecasts, and said it was shifting strategy away from growing its user base in its latest earnings. Dreamstime Text size PayPal Holdings ...

Finance

Facebook Parent Meta Ramped Up Stock Buybacks at a Bad Time

02/02/2022
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Text size Meta’s record $19.2 billion of share repurchases in the fourth quarter amounted to 2% of the company’s shares outstanding. Mandel Ngan/AFP via Getty Images Mark Zuckerberg picked...

Finance

Opinion: Invest in Google if you like — but that stock split isn’t a solid reason to be bullish

02/02/2022
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CHAPEL HILL, N.C. – Alphabet’s just-announced 20-for-1 stock split is not the bullish omen that investors are making it out to be. There are two major arguments being given for why this stock split is...

Finance

Alphabet Stock Is Soaring After an Impressive Earnings Beat

02/02/2022
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Text size Stock in Alphabet, Google’s parent, is up more than 40% over the past year. Sean Gallup/Getty Images Alphabet crushed expectations and announced plans for a 20-for-one stock split afte...

Finance

Opinion: Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?

02/01/2022
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Alphabet Inc. is finally carving into its gargantuan stock price with a stock split, which leaves only one Big Tech company remaining with a huge per-share price despite an easy avenue to change it. A...

Finance

Google could challenge for $2 trillion market cap after earnings, stock-split news

02/01/2022
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Google parent Alphabet Inc. headed toward a couple of elusive marks Tuesday evening, after disclosing earnings and plans for a stock split: A $3,000 share price and $2 trillion market cap. Alphabet sh...

Finance

AT&T Is Getting Closer to a Clean Slate. Here’s What Comes Next.

02/01/2022
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Text size After a saga of misguided M&A, there’s still work to be done for AT&T. Patrick T. Fallon/AFP via Getty Images AT&T shed some light on its pending exit from the media business on ...

Finance

AT&T CFO Defends Spinoff, Saying It Benefits Retail Investors

02/01/2022
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Text size AT&T’s chief financial officer, Pascal Desroches. Courtesy AT&T AT&T is defending its move to spin off its big stake in WarnerMedia rather than pursue a split-off, or excha...

Finance

AT&T’s Move to Spin Off WarnerMedia Disappoints Investors

02/01/2022
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Text size AT&T plans to pay a $1.11 annual dividend, down from the current $2.08 a share. Stefani Reynolds /AFP via Getty Images AT&T ‘s decision Tuesday to spin off its stake in WarnerMedia t...

Finance

AT&T to Spin Off WarnerMedia, Plans Deep Cut to Its Dividend

02/01/2022
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Text size Justin Sullivan/Getty Images AT&T said Tuesday it would spin off its interest in WarnerMedia following WarnerMedia’s merger with Discovery . AT&T (ticker: T) also said its board appr...

Finance

Opinion: AT&T and 4 more unloved dividend stocks to buy in a ‘risk-off’ era

01/31/2022
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With stocks off to one of their worst starts to the year since the 2008-2009 financial crisis, it’s no longer crazy to talk about a sustained period of market volatility or a prolonged “risk off” envi...