Twitter Shares Jump 25% As Tesla CEO Elon Musk Adds 9% Position in the Company
(CNBC) Shares of the social media giant rose more than 25% in premarket on Monday after Tesla CEO Elon Musk bought around 9% of stake in the company. The total…
Starbucks’ Schultz Marks Return With a Halt on Stock Buyback
(Reuters) Returning Starbucks former CEO Howard Schultz has announced a suspension of the company’s stock repurchase program as he comes back to lead the coffee chain. Schultz says the stock…
Redwire Corp. Stock Plunges 26% as Net Loss Widens by $47.2 Million in FY21
(Redwire) Shares of Redwire Corporation lost more than a quarter of value on Friday after reporting a loss of $61.5 million in FY21, worsening by $47.2 million from the prior…
Xpeng Shares Jump 8% as Deliveries Rise 202% in March
(Xpeng) Shares of Xpeng rose more than 8% on Friday in premarket after announcing 15,414 vehicle deliveries in March, up 202% from the prior year. The deliveries rose by 148%…
US-Listed China Shares Jump as Beijing-Washington Hold Talks on Auditing Impasse
(Bloomberg) Alibaba shares rose more than 6% as other major Chinese firms listed in the US gained on news that Beijing will give full access to audits of most entities…
Li Auto Deliveries More Than Doubles in March 2022
(Li Auto) Electric car maker Li Auto said that it delivered 11,034 vehicles in March 2022, an increase of 125.2% compared to the previous year. Following the robust deliveries in…
NIO Jumps as March 2022 Deliveries Rise by 37.6% To Reach a Quarterly Record
(Nio) Shares of electric maker NIO rose more than 6% on Friday after reporting total deliveries of 9,985 in March, up 37.6% from the prior year. The March deliveries consisted…
GameStop Adds 16% After Stock Split News Emerge
(CNBC) Shares of video game retailer GameStop rose more than 16% on Friday premarket after the company said it was seeking shareholder approval for a stock split. GameStop said that…
Uipath Falls 24% As Guidance in Q1 2023 Fails to Excite
(UiPath) Shares of UiPath fell more than 24% on Thursday after guiding a revenue of $223 million to $225 million in the first quarter of 2023. The guided revenue in…
Longeveron Soars 37% As Phase 1 Study for Alzheimer Treatment Shows Success
(Longeveron) Shares of Longeveron Inc. rose more than 37% on Thursday after its phase 1 study trials of Lomecel-B on patients with mild forms of Alzheimer disease showed success. Longeveron…
Chewy Plunges 13% After Swinging Into $63.6M Net Loss in Q4 2021
(Chewy) Shares of Chewy fell 13% as it reported a net loss of $63.6 million in the fourth quarter of 2021, compared to a net income of $21.05 million in…
Adagio Therapeutics Jump 58% As Monoclonal Antibody Meet Primary Endpoints
(Adagio) Shares of Adagio Therapeutics rose more than 58% on Wednesday after announcing that its monoclonal antibody’s primary endpoints were statistically significant. The company said that in its Phase 2/3…
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