Snap Inc. stock fell more than 30% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than antici...
Tag: Share Price Movement/Disruptions
Monkeypox cases are driving up stock prices for these companies
Growing concern about the emergence of monkeypox in Europe and the U.S. has sent shares of several vaccine and drug companies soaring. Though infections are rarely reported outside of Central and West...
NIO Has Good News for Tesla. Production Is Recovering After Covid-19 Lockdowns.
Text size Shares of electric-vehicle maker NIO are down 25% since the end of March. Lintao Zhang/Getty Images Chinese Covid-19 lockdowns have hurt electric-vehicle sales and production since late Marc...
Robinhood and 4 Other Broken IPO Stocks That Could Be Buys
After a bubbly year for initial public offerings, 2022 looks like a bust. Shares of many companies that came public last year are down 80% or more from their peaks. “This is the IPO market’s worst sel...
Tesla stock’s very bad week gets worse after the allegations against Musk
Tesla Inc. shares closed at their lowest since late July, falling more than 6% on Friday following the allegations of sexual misconduct lobbed against Chief Executive Elon Musk. Tesla TSLA, -6.42% sto...
Tesla Loses Top Spot in Cathie Wood’s Flagship Fund. Roku Is the New No. 1.
Cathie Wood, founder of ARK Invest, speaks during the Milken Institute Global Conference in California. Patrick T. Fallon/AFP/Getty Images Text size ARK Invest founder Cathie Wood is a long-time Tesla...
Starbucks CEO Howard Schultz Buys More of the Stock
Text size Starbucks stock has seen pressure from the pandemic, supply-chain disruptions, and unionization efforts. CEO Howard Schultz has been buying shares. Michael Nagle/Bloomberg Howard Schultz isn...
Warren Buffett’s Berkshire Hathaway Is Taking a $30 Billion Hit on Apple
Text size Apple makes up 40% of Berkshire Hathaway’s equity portfolio. Dreamstime Warren Buffett loves Apple , but Berkshire Hathaway’s big holding in the iPhone maker is hurting: Apple shares a...
Boeing Sells 50 737 MAX Jets to IAG at Discount
Text size A Boeing 737 MAX 10 airliner. Ellen Banner-Pool/Getty Images International Consolidated Airlines Group said it has ordered 50 Boeing 737 MAX jets, with options for a further 100 aircraft at ...
‘We did not have a plan for a country to shut down’ — Cisco stock plunges 13% as China lockdown affects supply and outlook
Cisco Systems Inc. shares plunged in the extended session Wednesday after the tech bellwether’s revenue forecast came up more than $1 billion short of Wall Street expectations, which executives blamed...
Why Is the Stock Market Down Today? Dow Slides and Target Tumbles.
Traders on the floor of the New York Stock Exchange last week. The Dow Jones Industrial Average had its worst day since 2020 on Wednesday. Photo by Spencer Platt/Getty Images Text size Sometimes it ta...
Evidence of Nosedive Suggests Boeing Not at Fault in China Eastern Crash
Text size A passenger stands inside a terminal in front of a China Eastern plane at Shanghai Hongqiao International Airport. Qilai Shen/Bloomberg Boeing shares rose on news that the tragic crash of a ...
Rivian CEO Bought Stock in the EV Start-Up. The Shares Are Rising.
Text size CEO R.J. Scaringe’s recent purchase means he owns about 4.5 million shares of Rivian stock. Courtesy of Rivian Rivian ’s CEO R.J. Scaringe stepped up and bought the dip in his company’...
10 Battered Tech Stocks Advisors Should Consider for Clients
Any investors who bought the best tech stocks in the depths of despair in 2009 made multiples of the return of the Nasdaq Composite Index in the 13 years since. Shares of one tech legend, Salesforce ...
Switzerland’s Central Bank Bought Apple, AMC, Tesla, and Rivian Stock
Text size Apple stock is holding up better than the broader market. Gabby Jones/Bloomberg The central bank of Switzerland increased positions in some of its largest U.S.-traded equity investments in t...
Largest U.S. Pension Bought AMC, AMD, and Block Stock. It Sold Netflix.
Text size An AMC box office. Jeenah Moon/Bloomberg The largest public pension in America loaded up a high-profile meme stock, and tech stocks, and cut back on a streaming giant before the shares went ...
Microsoft Stock Pullback ‘Major Buying Opportunity,’ Analyst Says
Text size Tigress Financial’s Ivan Feinseth says Microsoft stock has plenty of potential to gain. Lisa Maree Williams/Getty Images Investors are missing the point on Microsoft as growth in the c...
Beyond Meat’s stock slides 20% on weak sales, heads lower than IPO price for first time
Beyond Meat Inc.’s not-so-good 2022 took an ugly turn for the worse Wednesday with quarterly results that lacked sizzle. The maker of plant-based meat products BYND, -13.83% reported a net loss of $10...
Rivian’s Earnings Missed Forecasts. Why the Stock Is Up.
Text size Electric-vehicle maker Rivian went public in November. Courtesy Rivian Electric-truck start-up Rivian Automotive missed first-quarter estimates. Shares are up, anyway, because the report was...
Rivian stock dives into record-low territory after Ford disclosed it sold more than $200 million worth of shares
Ford Motor Co. showed how the early bird gets the worm, as the automaker would have raised a lot less from the sale of Rivian Automotive Inc. shares if it waited for the opening bell to start selling....
Coinbase Stock Keeps Sliding After Earnings Report
The biggest cryptocurrency exchange in the U.S. said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets. Coinbase Global Inc. COIN -1...
Coinbase Earnings Reveal Large Loss, Sink Stock
Text size Coinbase reported a loss of $1.98 a share on sales of $1.165 billion. Michael Nagle/Bloomberg Coinbase Global stock was tumbling after the Bitcoin broker reported a larger-than-expected loss...
Here’s Why Philip Morris’ Potential Offer for Swedish Match Is Bad for Altria Stock
Text size Philip Morris is in ongoing talks to acquire Swedish Match, the maker of smoke-free tobacco products. Fabrice Coffini/AFP via Getty Images Philip Morris‘ potential acquisition of Swedish Mat...
SoFi Stock Tumbles as Earnings Published Ahead of Schedule
Text size Dreamstime SoFi Technologies stock has resumed trading after formally releasing the earnings that had been released early by Bloomberg. The earnings weren’t supposed to arrive until after th...
Upstart stock plunges 46% after earnings as company cuts outlook
Shares of Upstart Holdings Inc. plunged 46% in after-hours trading Monday after the company cut its forecast for the full year, warning that the current macroeconomic climate is expected to weigh on l...
Coinbase shares plunge almost 80% from November high, amid selloffs of crypto stocks and funds
Shares of crypto-related companies and funds ended sharply lower Monday, with Coinbase’s shares finishing at the lowest level in history, as both bitcoin and major U.S. stock indexes finished at multi...
Virgin Galactic Stock Is Tumbling. Here’s What’s Troubling Analysts.
Text size Truist Securities downgraded Virgin Galactic stock to Hold from Buy. Courtesy Virgin Galactic Virgin Galactic Holdings Virgin Galactic Holdings stock continues to slide on Monday after Truis...
Giant Pension Bought AMD, Tilray, Uber, and Petrobras Stock
Text size An AMD EPYC processor. Courtesy AMD New Jersey’s state pension materially increased investments in some of its larger positions. State of New Jersey Common Pension Fund D, the pension’s larg...
Shopify’s Earnings Are Coming. What to Expect.
Text size Fears about inflation and weakening e-commerce trends have weighed on Shopify shares. Dreamstime Amazon.com ’s weaker-than-expected e-commerce results dampened expectations for Shopify’s own...
Lyft stock plunges 26% after forecast, rider numbers come up short
Lyft Inc. said Tuesday that it had a better-than-expected first quarter, with Chief Executive Logan Green saying ride-hailing volumes hit “a new COVID high,” but shares plunged after executives’ forec...
Uber moves up earnings report after Lyft forecast sends stock into a slump
After Lyft Inc.’s financial results sent Uber Technologies Inc. shares into a spiral late Tuesday, Uber announced executives would move up the time of their own earnings announcement. Lyft LYFT, -2.35...
Here’s the real reason the stock market is coming unglued — and it isn’t because of weak earnings
An earnings recession is not the biggest threat facing the stock market right now. That may seem a curious assertion to make in a week in which the largest retailers are reporting disappointing earnin...