Fastly shares are losing ground Thursday after getting downgraded by Oppenheimer, which cited this week's widespread internet outage.
What happened Shares of BioNTech (NASDAQ: BNTX) had jumped 11.8% higher at 11:42 a.m. EDT on Wednesday. The gain came after The New York Times reported that the U.S. Food and Drug Administration will likely approve the Pfizer-BioNTech COVID-19 vaccine by early September.
Shares of meme stocks AMC Entertainment Holdings (NYSE: AMC), GameStop (NYSE: GME), and Sundial Growers (NASDAQ: SNDL) were all heading lower in morning trading Wednesday, with the theater operator down 4%, the video game retailer off over 1%, and the marijuana company falling 3.5%. The three companies have failed to maintain any sort of momentum from their earlier bull runs, and calls for retail investors to stand strong are not resonating as much as they did previously during the share-buying frenzy of January.
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) climbed as high as $122.48 on Wednesday, marking a new record. As of 2:35 p.m. EDT, the popular tech stock was up more than 5%. So what AMD debuted its Radeon PRO W6000X series graphics processing units (GPUs) for Apple's Mac Pro desktop computers on Tuesday.
Shares of edge computing specialist Fastly (NYSE: FSLY) fell sharply on Wednesday. Analysts, on average, expect Fastly's revenue to grow 14.8% year over year to $85.7 million. Expectations imply a significant revenue growth deceleration from Fastly.
The biopharma name cautioned shareholders that it's still suffering from a pandemic hangover, but investors should think bigger-picture.
Angelo Zino, Senior Industry Analyst at CFRA Research, joins Yahoo Finance to discuss Lyft’s earnings and expectations as Uber readies to release their results Q2 results.
Shares of semiconductor manufacturer Nvidia (NASDAQ: NVDA) -- a supplier of chips for everything from playing video games to mining cryptocurrency to performing artificial intelligence tasks -- are posting a tidy 2.3% gain as of 2:25 p.m. EDT Wednesday. In a note out this morning, Rosenblatt raised its price target on Nvidia stock 25% to $250 -- that's incidentally about 25% above where the stock trades today. Rosenblatt cites Nvidia's earnings power on "best-in-class AI" and its opportunities in next generation networking and data processing as well as autonomous driving software, and apparently believes even the company's 94-times-earnings valuation currently is not too much to pay for Nvidia stock.
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
General Motors (NYSE: GM) reported its second-quarter 2021 earnings today, and the stock is reacting strongly. Revenue of $34.2 billion handily beat expectations of about $31 billion, but earnings per share came in short of estimates, which is what investors appear to be focusing on today. As of 12:50 p.m. EDT, GM shares were down 8.4% following the report.
Shares of Coursera (NYSE: COUR) stock rocketed to a 17.4% gain as of 12:07 p.m. EDT Wednesday despite the company having just reported Q2 2021 financial results that look "mixed" in the extreme. On the one hand, Coursera blew away analyst targets for Q2 revenue, producing $102.1 million where Wall Street had expected only $91.5 million. On the other hand, though, Coursera appears to have missed analyst predictions on profit entirely.
BeyondSpring said Wednesday a regimen containing its cancer drug outperformed chemo in lung cancer patients, and BYSI stock catapulted.
A combination of falling oil prices, worries about the delta coronavirus variant, and reactions to earnings is sending most oil stocks down on Wednesday.
Shares of Alteryx (NYSE: AYX) were taking a dive today after the data analytics company once again offered up a disappointing earnings report. Alteryx beat estimates with its second-quarter earnings report.
Novavax's vaccine hasn't been approved yet, but that hasn't stopped the European Commission from signing a contract for at least 100 million doses.
Shares of Zoom Video Communications (NASDAQ: ZM) were rising today on seemingly no company-related news. The maker of the popular video-calling app, Zoom, saw its share price jump today, likely because some investors are concerned that rising COVID-19 cases caused by the delta variant are bringing more restrictions. Zoom's app became the go-to service for communicating with friends, family, and colleagues during strict lockdowns and social distancing last year, and that helped drive up Zoom's share price in 2020.
Some comments from a large industrial engine company about the hydrogen economy gave Nikola a boost today.
Shares of FuelCell Energy (NASDAQ: FCEL) plunged 28.9% in July, according to data provided by S&P Global Market Intelligence. The fall was much higher than stocks of peers Bloom Energy or Plug Power, which fell roughly 19% and 20%, respectively. On July 12, FuelCell Energy announced it had received a court case win versus Posco Energy.
What happened Shares of Advanced Micro Devices (NASDAQ: AMD) were up 4.2% today as of 3:30 p.m. EDT. The run higher builds on the 13% return AMD had in July following the company's superb second-quarter 2021 earnings update.
During Tuesday's "Lightning Round" segment of Mad Money, a caller asked Jim Cramer about Sorrento Therapeutics : "I think this stock is overvalued and I don't like the way they have handled themselves," Cramer replied. In this daily bar chart of SRNE, below, we can see a weak sideways trend, but it is weak in my opinion because trading volume has evaporated. SRNE has been crossing above and below the two moving averages for several months.
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