Text size 3M stock was dealt a blow by a U.S. bankruptcy judge on Friday. Alamy 3M stock posted its biggest one-day decline since April 2019 after a legal ruling went against the company. On Friday af...
Tag: Share Price Movement/Disruptions
3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits
3M Co. stock tumbled 9.5% on Friday, pacing the Dow Jones Industrial Average’s steep decline after reports indicated that a bankruptcy judge blocked a request from 3M that would have shielded the comp...
As Intel Shares Slide, CEO Gelsinger Doubles Down
Intel CEO Pat Gelsinger Alex Wong/Getty Images Text size Shares of Intel have shed a third of their value so far in 2022. And Pat Gelsinger just made his largest open-market purchase since becoming th...
Nvidia Stock Is Down 40% This Year. Don’t Expect a Quick Turnaround.
Text size Even after its 40% share price stumble this year, Nvidia’s valuation looks expensive. Sam Yeh/AFP via Getty Images Nvidia, the most valuable U.S. semiconductor company, is in a big rut. This...
Affirm stock plunges 14% as earnings beat but outlook comes up short
Shares of Affirm Holdings Inc. tumbled nearly 14% in after-hours trading Thursday after the buy-now-pay-later company exceeded expectations with its latest results but delivered a lower-than-anticipat...
Marvell stock drops as persistent supply constraints weaken data-center forecast
Marvell Technology Inc. shares fell in the extended session Thursday after the chip maker forecast data-center sales for the third quarter that fell well short of Wall Street’s expectations due to sup...
VMware beats on earnings as it awaits Broadcom acquisition approval
VMware Inc.’s profit declined less than expected in the second quarter, as the software company awaits approval for an acquisition by chip maker Broadcom Inc. VMware VMW, +2.31% on Thursday reported s...
Snowflake Stock Soars. Sales Growth Crushed Estimates.
Text size Shares of Snowflake are down more than 50% this year. Dreamstime Snowflake shares soared in late trading Wednesday after the cloud-based data-warehousing company posted better-than-expected ...
Splunk Earnings Beat Estimates. Shares Fall on New Business Slowdown.
Text size Splunk said 723 customers are generating more than $1 million in annualized revenue. Dreamstime Splunk posted better-than-expected results for its fiscal second quarter ended July 31, while ...
Snowflake stock soars over 17% after large revenue beat
Shares of Snowflake Inc. surged in Wednesday’s aftermarket action after the data-software company easily topped revenue expectations for its latest quarter. The company posted a fiscal second-quarter ...
Verizon dividend yield at ‘by far’ its highest level in a decade, and a hike could be imminent
The pullback in Verizon Communications Inc.’s stock this year has brought its dividend yield to “by far” its highest level in 10 years at 5.8%, and Morgan Stanley analyst Simon Flannery expects that t...
AMC’s ‘APEs’ start trading today — what will the potential windfall mean for the meme stock and cinema chain?
AMC Entertainment’s AMC Preferred Equity Units, or APEs, could open the door to substantial additional capital for the meme stock darling when they start trading on the New York Stock Exchange Monday....
Ford Stock Falls on $1.7 Billion Verdict in Fatal Truck Rollover. Ford to Appeal.
Text size A large jury award against Ford has investors nervous Monday. Scott Olson/Getty Images Ford Motor stock was falling in premarket trading Monday because of a potentially large legal bill. A j...
Giant Fund Sells Apple, Tesla, Microsoft Stock. It Bought Walmart.
Text size An Apple Store. PSP Investments cut its Apple position in the second quarter. Getty Images A giant Canadian pension recently made substantial changes in its U.S.-traded investments. Public S...
PNC Financial Services Has Big Ambitions—and a 3.4% Dividend Yield
With the acquisition of the U.S. banking operations of Spain’s BBVA, PNC now has a presence in all of the top 30 markets in the U.S., including St. Louis. Peter Newcomb/Great Forest Park Balloon Race ...
Axsome Stock Is Flying as Fast-Acting Depression Drug Wins FDA Approval
Text size The decision on the drug came a bit less than a year after the FDA’s self-imposed deadline on making a call had passed. Dreamstime The Food and Drug Administration issued a long-awaite...
Here are the signs that the bear-market rally in stocks won’t last long – Citi
U.S. stocks have clawed back much of their losses from the first half of the year, but the three major indexes tumbled this week under reviving fears about interest rate rises by the Federal Reserve, ...
AMC, Movie Theater Stocks Fall on Report of Potential Bankruptcy for Cineworld
Text size AMC Entertainment stock was down 7% in early trading Friday. Angela Weiss / AFP via Getty Images AMC Entertainment, Cinemark, and other movie theater stocks tumbled on Friday after The Wall ...
Weber stock enjoys best day ever as traders bet on it being the next meme stock
Weber Inc. shares enjoyed their biggest daily bounce ever Thursday, on record volume, as investors seemed to bet on the grill maker becoming the next meme stock. Weber WEBR, -6.20% shares finished the...
Ryan Cohen cashed out of Bed Bath & Beyond stock with more than $58 million profit; shares plunge again
Investor Ryan Cohen has confirmed that he sold his entire stake in retailer Bed Bath & Beyond Inc. with profit of more than $58 million, and shares plummeted in after-hours trading for a second co...
What Investors Need to Know About AMC’s APE Units: A Stock ‘Split on Steroids’
Updated Aug. 17, 2022 4:35 pm ET Listen to article (1 minute) AMC Entertainment Holdings Inc. outlined plans this month to issue a special dividend, sending its shares soaring and stoking enthusiasm a...
Bed Bath & Beyond stock drops more than 15% after Ryan Cohen plans to unload huge stake
Bed Bath & Beyond Inc. shares fell more than 15% in the extended session Wednesday after GameStop Corp. Chairman Ryan Cohen disclosed he’s planning to sell his big stake in the company just months...
4 Reasons Apple Stock Just Got Upgraded
Apple stock was upgraded at Credit Suisse. Photo by Chip Somodevilla/Getty Images Text size Apple stock has been on a tear of late, and that means it’s time for its shares to get upgraded. In a report...
Coinbase Stock Is Looking Like a Meme Stock. Watch Out, Shorts.
Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have ...
Saudi Aramco Posts 90% Jump in Profit, Generating Billions for Kingdom
DUBAI—Saudi Arabia’s national oil company posted Sunday a 90% jump in quarterly profit on the back of high oil prices, generating billions of dollars in cash that is infusing fresh momentum into the k...
Affirm CEO Says Next Recession Will Silence Fintech Lender’s Doubters
Max Levchin says the market is wrong about Affirm Holdings Inc., the buy now, pay later company he co-founded a decade ago. It might just take a recession to prove it. Affirm stock is down 77% since h...
Rivian shares rise on second-quarter results: ‘The ball is finally rolling’ for the EV maker, says analyst
Shares of Rivian Automotive Inc. RIVN, -0.13% gained more than 3% in morning trading Friday, as analysts were generally upbeat about the electric vehicle maker’s second-quarter results. Late Thursday,...
Coinbase Is Looking Like a Meme Stock. Watch Out, Shorts.
Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have ...
Nvidia, Tesla, Disney: Stocks That Defined the Week
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Illumina stock tanks as gene-sequencing company misses expectations and issues bleak outlook
Illumina Inc. shares sank 20% after hours Thursday after the gene-sequencing company swung to a loss in the second quarter, fell short of revenue expectations and revised its full-year outlook downwar...
3 Drug Companies Fall on Zantac Lawsuit Fears. It Shows the Power of Analysts.
Shares of Sanofi , GSK , and Haleon fell for the second straight trading session Thursday on surging worries about litigation over Zantac, a heartburn drug that the Food and Drug Administration effec...
Meme stock Bed Bath & Beyond ‘decoupled from economic reality’ but now getting crushed; it isn’t alone
This is an eventful time for meme stocks, as evidenced by Bed Bath & Beyond’s rollercoaster week. Shares of the troubled retailer skyrocketed recently, driven by the Wall Street Bets crowd on Redd...