Text size Tech companies have announced more than 100,000 job cuts this year so far. Fizkes/Dreamstime Some technology companies have seen their stocks jump after announcing mass layoffs this earnings...
Tag: share price movement
Boeing stock slips after deliveries of 787s halted; Beyond Meat shares rally after plant-food maker’s results
Here are some of the most active stocks in premarket trade. U.S. stock futures were pointing to a lower start ahead of the release of inflation data. Boeing stock BA, -4.07% fell 3% as the airplane ma...
Tesla may get into the lithium-mining business, and these stocks are cratering
Tesla Inc. TSLA, -5.25% reportedly is on the prowl for its own lithium-mining company, and losses are piling up for the stocks of lithium producers. Shares of Albemarle Corp. ALB, -6.22% were down mor...
Credit Suisse shares fall after Swiss regulator reportedly probes chairman’s remarks on outflows
Credit Suisse Group’s CSGN, -6.64% stock fell almost 6% on Tuesday morning following a Reuters report that Swiss financial regulator Finma is looking into comments made by the bank’s chairman Axel Leh...
Raiffeisen Bank shares drop after U.S. Treasury unit that enforces sanctions asks for information
Shares in Raiffeisen Bank International AG dropped in early trade Monday after it disclosed that it had received a request for information from the Office of Foreign Assets Control, the U.S. Treasury ...
Lenovo shares jump as tech giant guides for second-half rebound
Lenovo Group Ltd. shares 992, +4.72% jumped in early trade on Monday, as investors shrugged off the latest drop in the Chinese technology giant’s quarterly profit and looked forward to an expected reb...
Albemarle, Lithium Stocks Beat the Market for Years. Until Now.
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EV Battery Maker QuantumScape’s Stock Is Plunging After a Run-Up
QuantumScape stock saw a wild gain on Wednesday, ahead of reporting a narrower-than-expected fourth-quarter loss after the market close. Shares are plunging Thursday morning. What’s more, the plunge i...
Amazon and Other Quality Stocks Have Been Hit Hard. They Could Be Buys.
Quality stocks have been out of favor for a while now. The category includes names that have been slammed but that have bright outlooks—and those are potential buys. There are many ways to define a q...
Credo stock plunges toward record loss after largest customer cuts purchases
Shares of Credo Technology Group Holding Ltd. plummeted toward a record one-day selloff after the data infrastructure networking company disclosed that its largest customer cut demand for its products...
Shopify stock falls nearly 7% as forecast disappoints amid escalating Amazon rivalry, price increases
Shopify Inc. produced a better holiday quarter than expected according to a Wednesday earnings report, but a forecast for slowing revenue growth hit the stock in after-hours trading. Shopify SHOP, +6....
Trade Desk stock rockets as CEO says company is outperforming like never before
Shares of Trade Desk Inc. surged on Wednesday after the advertising-technology company issued an upbeat outlook that helped quell fears about the digital-ad market. Chief Executive Jeff Green spoke po...
Taiwan Semiconductor shares drop after Buffett reveals stake sale
Shares of Taiwan Semiconductor Manufacturing Co. dropped on Wednesday following news that Berkshire Hathaway slashed its stake in the third-party silicon-wafer fabricator late last year. In Taipei, sh...
Berkshire Hathaway Slashes Stake in Taiwan Semi. What Else Buffett Sold.
Berkshire Hathaway slashed its stake in Taiwan Semiconductor during the fourth quarter and nearly eliminated what had been a large stake in U.S. Bancorp according to filings late Tuesday. Berkshire Ha...
Palantir Stock Is Still Surging. It’s Not Just Earnings Causing Excitement.
Palantir Technologies stock was surging Tuesday. But a quarterly update from the data-analytics software company was probably not the real reason, with comments from the CEO about M&A more likely ...
George Soros loads up on Tesla and these other beaten-down stocks
Even as shares of Tesla Inc. sank last year, billionaire investor George Soros appeared to find something to like in the electric-vehicle maker — and some other beaten-down names — as the year came to...
Palantir Reports First Profitable Quarter. The Stock Is Soaring.
Palantir Technologies shares are soaring in late trading Monday after the company posted better-than-expected results for the fourth quarter, including its first-ever GAAP profit. The data-analytics s...
Palantir posts first profitable quarter, stock soars after earnings
Palantir Technologies Inc. logged its first-ever quarterly profit in the fourth quarter, and the company expects to continue on that trajectory this year. The data-software company reported Monday aft...
Tesla Stock Is Down Again. It’s Not From EV Competition.
Tesla stock is down again, dropping for a second consecutive day. Are investors fretting about more electric-vehicle competition? Probably not. The stock chart is a better explanation for Monday’s dip...
Fastly Stock Jumps Ahead of Earnings. Analyst Says Shares Can Soar 62%.
A BofA Securities analyst turned bullish on Fastly, upgrading shares to Buy on optimism about the company’s recently appointed CEO. The cloud computing company’s stock surged as a result. Tal Liani, B...
JNJ Bought Up Biotech Stock MeiraGTx. It Sold Procept BioRobotics.
Johnson & Johnson recently increased an investment in an embattled biotech stock, and slashed a position in a maker of surgical robotics that rocketed last year. Johnson & Johnson (ticker: JNJ...
Largest U.S. Pension Buys Up Apple, Tesla, and Disney Stock. It Sold Walmart.
The largest public pension in the U.S. by assets just made major changes in its investment portfolio. The California Public Employees’ Retirement System bought more Apple (ticker: AAPL), Tesla (TSLA),...
Everything GE CEO Larry Culp Had for Investors in the Annual Report
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Tesla Stock Options Trading Soared. Now Shares Are Falling.
After eight straight gains, Tesla stock is down. There is no smoking gun to blame Friday’s drop on. Shares just hit $200 too soon, driven by everything from stock chart patterns to options traders to ...
Ford Stock Is Falling. This Is Why.
Stock in Ford Motor has had a strong start to 2023, but the shares have slid since the company reported fourth quarter earnings, when CEO Jim Farley lamented profits his company left on the table in 2...
Lyft stock sinks 30% after sales outlook falls short of $1 billion
Lyft Inc. posted record revenue for a second consecutive quarter Thursday, but the company’s worse-than-expected forecast tanked its stock in extended trading. Lyft LYFT, -3.16% expects first-quarter ...
Robinhood accidentally sold short on a meme stock and lost $57 million
Robinhood Markets Inc. accidentally sold short on a small stock as it went on a meme-like ride in December, costing the trading app more than the stock’s current market capitalization, executives disc...
Tesla Stock Tops $200. Here’s What Happens Next.
Tesla stock just won’t stop going up. Shareholders should feel happy, but they should keep asking themselves what comes next. Shares are up 2.3% at $201.35 in midday trading Wednesday. The S&P 500...
Airbus Stock Gets Downgraded. Boeing Investors Should Pay Attention.
Wall Street believes in the recovery in commercial aerospace, and shares of Boeing have been growing in popularity with analysts. There are still risks to the stock and the sector, however, as a downg...
Enphase stock rallies 8% after Q4 earnings blow past expectations, guidance
Enphase Energy Inc. shares jumped more than 8% in the extended session Tuesday after the maker of inverters for solar-power systems reported fourth-quarter earnings that topped Wall Street views and u...
Bed Bath & Beyond stock surges in revenge of the meme stocks that lifts AMC
Bed Bath & Beyond Inc. led a revenge of the meme stocks Monday, with shares rallying 92%, but the stock turned around hard in after-hours trading as executives announced plans to sell convertible ...
Shopify stock suffers one of its worst days yet as Wall Street wonders what is to come
Shopify Inc. shares suffered one of their worst days on record Thursday, after financial results failed to provide much clarity about the road ahead in 2023. Shopify SHOP, -15.88%, which acts as the b...