Getting a jump on the parade of announcements to come at this week’s CES tech trade show in Las Vegas, the graphics and AI chip company Nvidia gave an unofficial virtual keynote presentation Tuesday m...
Tag: Corporate Actions
Berkshire Hathaway Had a Strong 2022. What to Watch in 2023.
Berkshire Hathaway is coming off a strong year, one in which operating earnings climbed, investment activity picked up sharply, and the stock handily outperformed the S&P 500 The outlook for 2023 ...
Li Auto sees record EV deliveries in December
Li Auto Inc. said Friday that it delivered more than 20,000 electric vehicles in December, which is more than 33% above the previous monthly record delivered last month. The China-based EV maker’s ann...
GE Healthcare will join S&P 500 as soon as it begins trading
GE Healthcare Technologies Inc. will be an S&P 500 stock as soon as it officially exists. General Electric Co. GE, -1.05% expects to spin off its healthcare arm into a separately traded company on...
Lucid Stock Fell to New Low Despite $1 Billion Saudi Investment
Lucid Group stock continued to slide this week, despite a recent additional investment in the embattled electric-vehicle maker by Public Investment Fund, Saudi Arabia’s sovereign-wealth fund, of nearl...
National Storage Sees Big Insider Stock Buys
Shares of self-storage firm National Storage Affiliates Trust have tumbled in 2022, and are now trading near a two-year low. Two insiders, including a company founder, purchased large amounts of stock...
Tesla stock suffers longest losing streak since March 2020 after Wedbush slashes price target by 30%
Shares of Tesla Inc. suffered their longest losing streak since the start of the COVID pandemic, after Wedbush analyst Dan Ives slashed his price target by 30%, citing “demand cracks” for the fourth q...
Micron sales could dive more than 50%, and more belt-tightening is expected before outlook improves
Micron Technology Inc.’s revenue declines could worsen to more than 50% before inventory-saturated customers work though that product and boost sales in the second half of 2023, but before then the me...
GE HealthCare Stock Is Trading. We Were Wrong.
The GE HealthCare spinoff General Electric is going to be a big event for the company, and investors, in the new year. Shares begin trading, officially, on Jan. 4. Some are trading now too and the pri...
Aerojet Rocketdyne, Tesla, Microsoft, and More Stock Market Movers Monday
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DraftKings Is Questioned by the Market. Citi Says the Stock Is a Buy.
DraftKings doesn’t get enough credit from the market, says one Citi analyst, citing the company’s ability to grow as more states legalize online sports betting. In a research note issued Thursday, Cit...
BioNTech upgraded to buy on high hopes for combined flu/COVID vaccine and oncology pipeline
Bank of America analysts upgraded BioNTech SE stock to buy from hold on Thursday, citing excitement about its mRNA technology and the outlook for a combined flu/COVID vaccine and oncology vaccines tha...
Generac stock leads S&P 500 gainers after Janney says buy, citing ‘free option’ on clean energy
Shares of Generac Holdings Inc. surged Wednesday, after Janney analyst Sean Milligan said the sharp selloff this year has provided investors an opportunity to buy into an established brand with a domi...