Text size John Riccitiello joined Unity as CEO in 2014, after a six-year stint running Electronic Arts. David Paul Morris/Bloomberg Unity Software investors are throwing up their hands in despair. Aft...
Tag: share price movement
BYD Stock Is Sinking. Warren Buffett May Be One Reason Why.
Text size BYD is a major manufacturer of electric vehicles. Qilai Shen/Bloomberg Shares in BYD sank on Tuesday amid speculation that high-profile investor Warren Buffett’s Berkshire Hathaway was selli...
Alibaba Stock Is Tumbling. Chinese Tech Has a New Headache.
Text size After a brutal 2021, Alibaba shares have been outperforming in 2022. Greg Baker/AFP via Getty Images Alibaba stock and other Chinese tech shares were tumbling on Monday as amid fresh fines f...
Freeport-McMoRan and Rio Tinto Stock Could Be Golden
Text size Freeport-McMoRan and Rio Tinto are top picks of Jefferies analyst Chris LeFemina. Above, copper rods used to machine parts. Photo by Scott Olson/Getty Images Freeport-McMoRan and Rio Tinto m...
Reddit Traders Haven’t Given Up on GameStop. Neither Have Short Sellers.
Text size GameStop announced a stock split, a CFO departure, and layoffs this week. Spencer Platt/Getty Images GameStop was back in the news this week after the company announced a stock split, a CFO ...
Tesla Stock Stands to Gain if Musk Succeeds in Ending Twitter Deal
Text size Elon Musk announced he his ending his deal to buy Twitter, but the social media company said it plans to enforce the agreement. Jim Watson/AFP via Getty Images If Elon Musk succeeds in endin...
Upstart stock plunges again after admitting it won’t hit disappointing forecast
Upstart Holdings Inc. disappointed investors with its guidance in May, and faces Wall Street’s wrath once again after admitting Thursday it came up well short of the mark. Upstart UPST, +1.96% disclos...
Cleveland-Cliffs Stock Has Gotten Crushed. Why It May Be Worth a Look.
Text size Steel prices had a roller coaster year; they went up in March and down in May. Tom Mihalek/Getty Images Recession panic has slammed Cleveland-Cliffs stock. But long-term demand for steel, pa...
GameStop Shares Rise After Board Declares 4-for-1 Stock Split
GameStop declared a 4-for-1 stock split Wednesday, sending shares of the videogame retailer higher in after-hours trading. The Grapevine, Texas-based company proposed a stock split in March, although...
Ford F-150 Lightning Sales Jump While Mach E Sales Dip.
Text size Sales of Ford’s F-150 Lightning pickup truck increased to about 1,800 units in June. Courtesy Ford Ford Motor released U.S. sales figures for June on Tuesday, and sales of its all-elec...
In a worrisome sign for e-commerce, Kornit Digital slashes forecast and stock plunges 20%
In a sign of continuing worries about e-commerce activity, Kornit Digital Ltd. slashed its forecast for the second quarter Tuesday and suggested the third quarter isn’t expected to be much better, sen...
Berkshire Hathaway Seems Headed for a 20% Stake in Occidental
Text size Berkshire Hathaway CEO Warren Buffett likes energy companies. Paul Morigi/Getty Images for Fortune/Time Inc Berkshire Hathaway has rapidly increased its stake in Occidental Petroleum to 17.4...
Ford’s U.S. Sales Increase 32% in June, Outpacing Broader Industry
Ford Motor reported a nearly 32% increase in U.S. sales in June, beating out much of the industry as it improved truck and SUV deliveries and benefited from the rollout of a new all-electric pickup. O...
Tesla’s Bumpy Quarter Might Be About More Than Lockdowns in China
The smooth acceleration shown by Tesla in the past two years faltered in the second quarter. Chief Executive Elon Musk has offered hints that the problems run deeper than lockdowns in Shanghai. On Sat...
Crypto’s Domino Effect Is Widening, Threatening More Pain
Turmoil in the digital-assets ecosystem has grown in recent weeks, with losses in cryptocurrencies blowing holes in balance sheets and pushing firms near bankruptcy. After a pair of cryptocurrencies c...
Boeing Stock Gains Despite Airbus Win on China Jet Orders
Text size Competition between Boeing and Airbus has long been fierce, and will remain so. Scott Barbour/Getty Images Airbus started the second half of the year with a nice win, taking potential busine...
Carnival and Other Cruise Operators Face Too Many Headwinds. Steer Clear of the Stock.
An analyst note predicting Carnival stock could fall to zero in a worst-case scenario has revived concerns about the cruise industry. Here, a Carnival ship docked at Key West, Fla., earlier this year....
AMD Stock Is the Chip Play for a Recession, Says Analyst
Text size Advanced Micro Devices’ server-chip business likely wouldn’t be hurt by a recession, according to Northland Capital Markets. Justin Sullivan/Getty Images AMD shares now offer a g...
NIO, XPeng and Li Auto Deliveries Set a Record. That Can Help Tesla Too.
Text size Production and demand for electric vehicles in China rebounded in June. Qilai Shen/Bloomberg Investors in electric-vehicle stocks should breathe a sigh of relief on Friday. Production and de...
Royal Caribbean, Netflix, and 3 Other S&P 500 Stocks Hit Hard This Quarter
Text size Royal Caribbean and cruise ship competitor Carnival were the leading S&P 500 decliners during the second quarter. Sebastien Salom-Gomis/AFP via Getty Images What a quarter. A lot happene...
Nio stock bounces, after EV maker disputes short-seller report, saying it contained ‘numerous errors’
Shares of NIO Inc. were knocked down by a short-seller report on Wednesday, alleging exaggerated financial results, even as the China-based electric vehicle maker said the report is without merit and ...
NIO Says Short-Seller Report ‘Without Merit.’ The Stock Slumps.
Text size NIO denied accounting allegations in a report by short-seller Grizzly Research. Qilai Shen/Bloomberg NIO stock dropped more than 12% in Hong Kong on Wednesday after the company denied a repo...
Axsome Therapeutics Stock Soars on Proposed FDA Labeling for Depression Drug
Text size Axsome is reviewing the proposed labeling from the FDA. Dreamstime Shares of Axsome Therapeutics were soaring Monday after the biopharmaceutical company announced some good news in an attemp...
Employees Scrambled to Keep Robinhood Afloat in January 2021 Meme-Stock Frenzy, House Report Finds
Robinhood Markets struggled to handle huge volumes of stock trading and sparred with its principal customer, market maker Citadel Securities, during the week in January 2021 when meme stocks exploded,...
Smith & Wesson stock soars as Supreme Court ruling boosts ‘pretty big’ part of gun maker’s business
Shares of Smith & Wesson Brands Inc. rallied again Friday, as better-than-expected earnings and a dividend hike followed a decision by the Supreme Court of the United States to strike down a New Y...
GM Stock Has Been Hammered, Which Makes Owning a Piece of Its EV Future a Bargain
Text size GM has been showing off its Cadillac Lyriq SUV electric vehicle, priced like Tesla’s Model Y. Courtesy of Cadillac Inflation, rising interest rates, and recession fears have all conspired ag...
Polestar Shares Rise in Electric-Vehicle Maker’s Market Debut
Updated June 24, 2022 5:12 pm ET Listen to article (2 minutes) Shares in Polestar Automotive Holding UK PLC jumped 16% on their first day of trading Friday, after the Swedish electric-vehicle maker co...
EV Newcomer Polestar Stock Has a Big and Wild First Trading Day
Text size Thomas Ingenlath, CEO of Polestar AB, will run the new company. Krisztian Bocsi/Bloomberg The merger of the special-purpose acquisition company Gores Guggenheim and the electric-vehicle make...
Berkshire Hathaway Stock Hit Hard in June. Warren Buffett Is Probably Unfazed.
Text size Berkshire has scaled back its stock repurchase program this year, and that may be sending a message that CEO Warren Buffett doesn’t view the stock as being so cheap. Bill Pugliano/Gett...
These ‘zombie’ companies could feel the cash burn, warns New Constructs
Carvana Co., Freshpet Inc. and Peloton Interactive Inc. could feel the cash burn as the Fed raises interest rates, according to independent equity research firm New Constructs. The research firm, whic...
AMD Is the Chip Stock to Buy on the Dip, Morgan Stanley Says
Text size Courtesy AMD AMD stock is an attractive buying opportunity after its big drop this year, according to Morgan Stanley. On Wednesday, analyst Joe Moore resumed coverage on Advanced Micro Devic...
Elon Musk Bails on Twitter: What It Means for the Stock
Text size Tesla CEO Elon Musk filed to end his $44 billion merger agreement with Twitter on July 8. POOL/AFP via Getty Images Tesla CEO Elon Musk’s move to terminate his $44 billion deal to purchase T...