Electric vehicle maker NIO has been stuck in a range of roughly 10,000 monthly deliveries for almost a year. Courtesy Nio Text size Chinese electric vehicle maker NIO offers a cautionary tale for Tesl...
Tag: Share Price Movement/Disruptions
Cruise stocks don’t look at all like they’ve bottomed yet, analyst says
There’s still no compelling reason to believe that shares of cruise operators have bottomed, as a “trifecta of worries” still remain, said Deutsche Bank analyst Chris Woronka. Woronka reiterated the h...
Symbotic Stock: Walmart Discloses It Holds a Stake in AI Company
Text size Walmart owns a stake in AI company Symbotic. Photo by George Frey/Getty Images Symbotic shares finished lower Tuesday after Walmart disclosed it holds a stake of 11.1% in the artificial inte...
Alibaba Stock Rises on Report About Ant’s Holding Company Bid
Text size A Reuters report says that China has accepted the application of Ant Group, which is an affiliate of Alibaba, to form a financial holding company. Here: Alibaba’s headquarters in Hangz...
Revlon Stock Soars on Report of Potential Acquisition Out of Bankruptcy
Text size Revlon filed for bankruptcy earlier this week. Getty Images Revlon stock soared more than 75% in premarket trading Friday after a report said Indian conglomerate Reliance Industries (RIL.Ind...
NIO Stock Soars After New SUV Revealed. Here’s Why.
Text size NIO stock was rising after it revealed the new ES7 SUV. Courtesy Nio NIO stock is gaining again after it revealed the ES7 SUV at a launch event Wednesday. NIO stock has risen 4% to $19.45 at...
FedEx stock enjoys biggest one-day gain in 36 years after raising dividend more than 50% in agreement with activist investor
FedEx Corp. stock soared 14.4% Tuesday for the biggest one-day gain in about 36 years, after the company raised its quarterly dividend by 53% as part of a new agreement with activist investor D.E. Sha...
Crypto Is Plunging. Here Are the Stocks With the Most Exposure.
Bitcoin has plunged amid murmurs of a “crypto winter.” Dreamstime Text size Murmurs of a “crypto winter” are intensifying and shares of crypto-exposed companies are being caught up in the carnag...
FedEx Raises Dividend, Stock Jumps 9%. Is ‘New Day Dawning?’
FedEx stock is soaring after the company announced a dividend increase. Spencer Platt/Getty Images Text size FedEx stock was soaring after the delivery company raised its dividend and said it would ad...
Berkshire Hathaway’s Equity Portfolio Is Down An Estimated $65 Billion So Far in This Quarter
Text size Warren Buffett’s Berkshire Hathaway wasn’t a buyer of its own stock in April, but that might have changed with the market’s recent drop. Paul Morigi/Getty Images for Fortun...
Why IBM is one of few tech giants that are actually gaining through the selloff
International Business Machines Corp., unlike many other tech giants, has been able to buck the sector’s selloff in recent months. Shares of IBM IBM, -0.79% are up 1.60% year-to-date, compared to 12.5...
Roku, Tesla, and Other Cathie Wood Favorites Are Falling
Text size Ark Invest CEO Cathie Wood. Courtesy of ARK Cathie Wood’s $12 billion flagship exchange-traded fund was falling again in Monday trading. It is another sign that “innovation stocks” such as R...
MicroStrategy shares slump as bitcoin margin call looms
MicroStrategy has vowed never to sell any of the approximately 130,000 bitcoin it has in its possession. The question after the weekend’s slide in cryptocurrency is whether a margin call will force th...
Five Beaten-Up Biotech Stocks Saw Big Share Purchases
Text size Biotech stocks Kymera, Cullinan Oncology, Repare, Iovance, and Kodiak Sciences are all in the red so far this year, but they’ve seen large stock buys. Dreamstime Biotech stocks have taken so...
These 19 large-cap stocks have now dropped at least 60% from their 52-week highs
The latest inflation figures on June 10 were worse than expected and the effect on stock prices was brutal. A list of stocks in the S&P 500 and the Nasdaq-100 Index that have fallen at least 60% f...
Goldman Sachs and Wells Fargo Are Now Trading Below Book Value. Time to Pounce.
Text size Goldman Sachs stock is trading below book value. Spencer Platt/Getty Images The old saw is to buy Goldman Sachs when it trades below its book value—and investors once again have that opportu...
Alibaba Stock Headed for Highest Close Since February. Thank Videogames.
Text size Alibaba and other Chinese tech stocks have been beaten down amid regulatory pressures. Greg Baker/AFP via Getty Images Alibaba and other Chinese tech stocks roared higher on Wednesday as a w...
Polestar Announces an Electric SUV. It’s a Tesla Model Y Competitor.
Text size Polestar CEO Thomas Ingenlath with the Precept concept car. Polestar photo Polestar, the electric-vehicle start-up born from Volvo, has a new SUV model. The news likely will give shares of t...
Short sellers raise bets against GameStop and AMC to highest level in a year as Wall Street sees more pain ahead
Investors are once again working up the fortitude to bet against GameStop and AMC roughly 18 months after last January’s infamous “meme stock” short squeeze sent GameStop shares surging more than 1,00...
Okta stock rally shifts into overdrive following hiked outlook as other software companies trim theirs
Okta Inc. shares rallied in the extended session Thursday, adding to gains in the regular session after the identity-management services company reported better-than-expected results and, unlike some ...
Apple stock to suffer first ‘death cross’ chart pattern since the pandemic
Apple Inc.’s stock has fallen far enough and for long enough to produce a certain ominous-sounding bearish chart pattern should didn’t appear during the short COVID-19-induced bear-market selloff of e...
Brian Moynihan dismisses Jamie Dimon’s warning on the economy: ‘You’ve got hurricanes that come every year.’
Jamie Dimon, the JPMorgan Chase JPM, +0.50% chairman and chief executive, got everyone’s attention when he warned there’s an economic hurricane coming, from rate hikes, the war in Ukraine and inflatio...
Google investors shoot down racial-equity audit while approving stock split
Alphabet Inc. investors rejected 17 shareholder proposals at the Google parent company’s annual meeting Wednesday, including a racial-equity audit, but approved a company proposal to increase the shar...
Yamana Gold Stock Surges on $6.7 Billion Gold Fields Deal
Text size Yamana Gold holders would receive 0.6 Gold Fields share for each share outstanding under terms of the proposed takeover. David Gray/AFP/Getty Images Yamana Gold stock surged on Tuesday after...
Al Gore’s Firm Bought Alibaba Stock and Salesforce. It Sold Cisco, Microsoft.
Text size Former Vice President Al Gore in 2019. Scott Heins/Getty Images The investment firm co-founded and chaired by former Vice President Al Gore has made big changes in its U.S.-traded investment...
Alibaba Stock Is Rallying After China Moves to Ease Lockdown Measures
Text size Alibaba stock had a terrible 2021, and 2022 isn’t shaping up very well, either. Qilai Shen/Bloomberg Shares in Alibaba , JD.com , NIO , and other Chinese companies surged on Monday fol...
Citigroup Stock Just Got Downgraded Because Shares Might Have Peaked
Text size Citigroup shares are down more than 10% so far in 2022 Mario Tama/Getty Images Citigroup was downgraded by Credit Suisse after the stock’s recent rise on the view that it won’t go much highe...
Rivian Might Be Shaking Up Management. That Isn’t Why Investors Are Excited.
Text size Rivian stock has been rebounding after taking a beating for most of the month. Justin Sullivan/Getty Images Rivian Automotive is shaking up its production plans and management. “We have upda...
Twitter’s stock falls below where Elon Musk bought it, turning a $1.1 billion profit into a $40 million loss
Easy come, easy go, as shares of Twitter Inc. fell below where Elon Musk bought it, wiping out more than $1.1 billion in gains in four weeks. The social-media company’s stock TWTR, -5.55% sank 6.0% in...
Opinion: Snap’s warning of a weaker outlook sends ripples through tech stocks
An unexpected warning about the deteriorating economy by Snap Inc. Chief Executive Evan Spiegel rippled through internet and social-media stocks late Monday, potentially ruining the market’s comeback ...
Five Things to Know About Broadcom’s Potential Deal for VMware
Text size Broadcom stock slipped in response to news of the possible deal. Justin Sullivan/Getty Images Broadcom ’s expected acquisition of cloud computing provider VMware will likely rank as one of t...
Exxon Stock Has Surged This Year. Why One Analyst Sees More Gains Ahead.
Text size Exxon stock is rising after getting upgraded at Credit Suisse. Dreamstime Exxon Mobil stock is jumping after Credit Suisse upgraded its shares from Neutral to Outperform on Tuesday. Unlike ...