May 30, 2024
“Shares of Salesforce tumbled 20% Thursday morning, putting the stock on pace for its worst day in nearly 20 years. Its worst trading day on record is July 4, 2004, when shares fell 27% just days after the company went public. The… Continue Reading…
May 15, 2024
“…Net income attributable to ordinary shareholders came in at 3.3 billion yuan, down 86% year on year. Shares of Alibaba closed down 6% in the U.S. after falling as much as 8.1% in the first hour of trading…” https://www.cnbc.com/2024/05/14/alibaba-baba-earnings-q4-2024.html The… Continue Reading…
May 13, 2024
“…The average Wall Street consensus price target for SoFi stock is a more modest 29%, but John Hecht at Jefferies has a price target of $12 — 72% higher than today’s price. That was actually a price cut from $15. As… Continue Reading…
May 13, 2024
“Advanced Micro Devices‘ (NASDAQ: AMD) artificial intelligence (AI)-fueled rally has come to a screeching halt in 2024. Shares of the chipmaker are down 29% since the beginning of March, when they were trading at a 52-week high, and the company’s latest results… Continue Reading…
April 25, 2024
“…The company’s shares are weathering the longest rout since late 2022, tumbling nearly 19% over the past seven days, amid doubts about its business strategy as sales of electric vehicles slump… Such concerns have driven the stock down nearly 43%… Continue Reading…
April 12, 2024
“…Based in the central Henan province, Tianrui’s stock plunged 99% to about HK$0.05 Tuesday, cutting its market capitalization to HK$141 million ($18 million). During the selloff, about 281 million shares, or a third of the firm’s free float, changed hands.… Continue Reading…
March 21, 2024
“Adobe shares closed down nearly 14% on Friday after the company reported first-quarter results that beat estimates but delivered a light quarterly revenue forecast. The move marked the stock’s steepest decline since Sept. 15, 2022, when shares closed down 16.8%… For the current… Continue Reading…
March 21, 2024
“…Shares of the athletic apparel company plunged about 12% on Thursday after the retailer announced late Wednesday that CEO Stephanie Linnartz would be stepping down after barely a year on the job and Plank would replace her on April 1. Following the… Continue Reading…
March 4, 2024
“Shares of New York Community Bancorp fell more than 25% on Friday after the regional lender announced a leadership change and disclosed issues with its internal controls… NYCB has been under pressure in recent months due in part to concerns about its exposure to… Continue Reading…
February 21, 2024
“…Gross domestic product shrank an annualized 19.4% in the final three months of last year, in seasonally-adjusted terms, according to preliminary figures released on Monday. That was worse than every estimate in a Bloomberg survey of analysts, whose median forecast… Continue Reading…
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