Nio stock has come under pressure in the past few months, even as it became one of the fastest-growing companies in the electric vehicle industry. After peaking at $7 on April 7, it has slumped to $4.65, erasing billions of dollars in value. With the stock trading above a crucial support level, is it safe
SpaceX is approaching one of the biggest milestones since its blockbuster public listing, with its first lockup period expiring today, allowing up to 911.5 million insider-held shares to become eligible for sale. The event is widely viewed as the company’s first major post-IPO test after its shares slumped following their earnings debut, raising questions about
US stocks gained on Thursday as Wall Street was optimistic about a potential deal to reopen the Strait of Hormuz. However, technology stocks were weak following the latest corporate earnings reports. The Dow Jones Industrial Average rose 0.1% or 47 points, while the S&P 500 was almost unchanged after both indexes reached record highs earlier
Datadog shares DDOG dropped nearly 18% at market open on Thursday despite the cloud monitoring and analytics company reporting better-than-expected second-quarter earnings and raising its full-year financial outlook. The sharp decline came after the stock had reached a record closing high earlier this week, with analysts pointing to profit-taking and elevated investor expectations for 2H
Duolingo DUOL shares fell about 15% on Thursday after the language-learning platform issued a third-quarter revenue forecast that fell short of Wall Street expectations, overshadowing better-than-expected second-quarter results and stronger user growth. The company reported second-quarter revenue of $298.5 million, an 18% increase from a year earlier and above analysts’ expectations of $295.6 million, according
D-Wave Quantum shares QBTS fell about 5% on Thursday after the quantum computing company reported second-quarter revenue and earnings that missed Wall Street expectations, overshadowing a sharp increase in customer bookings. The Florida-based company reported second-quarter revenue of $3.08 million, below analysts’ estimates of approximately $4.08 million. Adjusted loss per share narrowed to 13 cents
Zeta Global stock pared back some of its gains from earlier this week as investors booked profits following its earnings report. It retreated to $23 from this week’s high of $24.45. It remains about 65% above the lowest level this year, giving it a market capitalization of over $6 billion. Zeta Global stock dropped despite
Oracle stock has rebounded in the past few days as investors have rotated to technology names as the earnings season gains steam. ORCL jumped to $145 on Tuesday, up by 27% from its lowest level this year. So, is the stock a good buy as its CDS spread jumps to a record high? Oracle’s CDS
Hiring at US private companies slowed sharply in July, with healthcare accounting for the bulk of new jobs as employers adopted a more cautious approach to recruitment amid shifting economic conditions. According to payroll processing firm ADP, private nonfarm employment rose by a seasonally adjusted 44,000 jobs during the month, falling well short of economists’
US stocks opened higher on Wednesday as investors balanced optimism over a potential diplomatic breakthrough in the Middle East against disappointing market reactions to earnings from SpaceX and Advanced Micro Devices (AMD). The Dow Jones Industrial Average rose about 0.76%, while the S&P 500 gained 0.59%. The Nasdaq Composite added roughly 0.41%, following a strong