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China ride-hailing giant Didi Chuxing on Thursday revealed plans for an initial public offering expected to raise billions.
U.S. Yields rose
Dynavax Technologies (NASDAQ: DVAX) stock was down 6.3% as of 11:26 a.m. EDT, while shares of Novavax (NASDAQ: NVAX) and Vaxart (NASDAQ: VXRT) were falling 7.8% and 10.6%, respectively. The declines for the biotech stocks appear to merely be run-of-the-mill volatility on a day when the overall stock market was down. Sales of its Heplisav-B hepatitis B vaccine were negatively impacted by the COVID-19 pandemic.
FA CENTER Lumber prices have experienced one of their biggest and quickest plunges in history— with the spot futures contract dropping more than $670, or 40%, in just 25 trading sessions. It’s human nature to try to find meaning in this, since the alternative is to accept that price changes this momentous are nothing more than merely random fluctuations.
Shares of Torchlight Energy Resources (TRCH) surged 41.6% to close at $5.07 on June 15. Torchlight Energy is an oil and gas Exploration and Production (E&P) company with a market cap of approximately $950 million. Over the past month, the stock has skyrocketed over 135% and is up a whopping 1,107% over the past year. Reasons for the Spike in the Share Price Torchlight has been one of the most-mentioned stocks on StockTwits recently, and that enthusiasm among the traders appears to be sending its
Every investor knows that the path toward profits lies in buying low and selling high. That’s a basic precept of any economic trading system. The trick, however, is recognizing when the stock is low enough to buy in. The prime moment to buy is when the stock hits bottom; that will maximize returns when the share price starts to rise again. Wall Street’s analyst corps know this, and they are not shying away from recommending stocks that may have hit bottom. Using TipRanks database, we pinpointed
The Insider Monkey team has completed processing the quarterly 13F filings for the March quarter submitted by the hedge funds and other money managers included in our extensive database. Most hedge fund investors experienced strong gains on the back of a strong market performance, which certainly propelled them to adjust their equity holdings so as […]
Many investors have been overwhelmed by the number of SPAC deals in the electric-vehicle space over the last year, and some have soured on the space now that a couple of last year's darlings have turned out to be, well, less than they seemed. Colorado-based Solid Power, founded in 2012, is one of several companies working to develop so-called solid-state batteries, which omit the liquid electrolyte used in the lithium-ion batteries that power most electric vehicles today.
Soccer great Cristiano Ronaldo sends a jolt to Coke's investors.
In this article we will take a look at the 10 best steel stocks to buy amid upcoming infrastructure, construction boom. You can skip our detailed analysis of these companies, and go directly to the 5 Best Steel Stocks to Buy Amid Upcoming Infrastructure, Construction Boom. Steel prices are soaring amid a rising demand as […]
(Bloomberg) -- Citigroup Inc. shares fell the most in five months after the bank warned expenses would increase sharply as it invests to satisfy a pair of consent orders from regulators.Expenses in the second quarter will likely jump to “somewhere in the middle” of a range of $11.2 billion to $11.6 billion, Chief Financial Officer Mark Mason told investors at a virtual conference Tuesday. That compares with costs of $10.4 billion a year earlier.“Last year this time we took expenses down pretty m
(HTZGQ) shares have been rallying amid investor enthusiasm for the rental-car company ahead of its planned emergence from bankruptcy on June 30. Investors appear to be attracted to Hertz because of strong rental-car pricing, a discounted valuation relative to rival (CAR) (ticker: CAR), and expectations that the company will have greater financial and operational flexibility once it exits bankruptcy. Hertz shares (HTZGQ) rose 23 cents, or 3%, to $7.91 on Tuesday after hitting a new 52-week high of $8.89.
Oracle Corp. (ORCL) reported stronger-than-expected results for the fourth quarter of fiscal 2021. However, following the earnings release, shares of the cloud database company plummeted 4.8% in Tuesday’s extended trading session. Oracle reported quarterly revenues of $11.23 billion, a growth of 8% from the prior year. Also, it surpassed the consensus estimate of $11.04 billion. The company’s increase in revenues can be attributed primarily to the growth witnessed in its cloud services and licen
Stocks have tallied historic gains under Biden since Election Day thanks to massive stimulus and a booming economy. Here’s what could happen next.
In this article we will take a look at the 10 best stocks to invest your $1000. You can skip our detailed analysis of these companies to invest in, and go directly to 5 Best Stocks to Invest Your $1000. Let’s be honest: It’s extremely hard to start a business. It takes years and a […]
Alex Karp, CEO of Palantir on Wednesday says the company respects institutional investors as much as much as it respects the retail crowd who have been mostly bullish on the company's stock.
Rolls-Royce Holdings plc ( LON:RR. ) is possibly approaching a major achievement in its business, so we would like to...
(NASDAQ: VIAV) Viavi Solutions Inc. ("VIAVI") announced today that it has submitted a proposal (the "Proposal") to the board of directors of EXFO Inc. (TSX: EXF) (NASDAQ: EXFO) ("EXFO") to acquire all of the outstanding subordinate voting shares and multiple voting shares of EXFO at a price of US$7.50 (C$9.14 at yesterday's exchange rate) in cash per share. The Proposal values EXFO at approximately US$430 million (C$524 million at yesterday's exchange rate) on an undiluted basis, and represents
Until recently, Bionano Genomics (BNGO) was a name flying under Wall Street’s radar. Yet, investors have taken a shine to the life sciences company in the past year and in tandem with some mighty share gains, there is a growing awareness that the company could be a force to be reckoned with in the field of cytogenetics. The latest analyst to present investors with the opportunity is BTIG’s Sung Ji Nam. “We believe BNGO is on the cusp of disrupting the cytogenetics testing market currently served
In this article, we discuss the 10 best lumber stocks to buy now. If you want to skip our detailed analysis of these stocks, go directly to the 5 Best Lumber Stocks to Buy Now. Housing prices across the United States have been skyrocketing in recent months amid supply shortages and rising prices for lumber […]
The Canadian dollar was little changed against its U.S. counterpart on Wednesday as domestic data showed consumer prices rising at the fastest pace in a decade, with the currency steadying after falling on Tuesday to a near seven-week low. Canada's annual inflation rate accelerated to 3.6% in May from 3.4% in April, driven by surging shelter and passenger vehicles prices, Statistics Canada said. The Bank of Canada has said it expects inflation to ease later in the year as the statistical comparison to tanking prices last year diminishes and slack in the economy exerts downward pressure.