Hello Group Stock Falls 9% As Q1 2022 Revenues, Net Incomes Decline
(Hello) Shares of Hello Group Inc. fell more than 4% on Tuesday after reporting net revenues of RMB3.148 billion or $496.6 million in the first quarter of 2022. The revenue…
Kohl’s Rises Nearly 13% After Confirming Negotiations to Be Acquired by FRG
(Kohl’s) Kohl’s Corporation’s stock rose more than 12% on Tuesday after entering into negotiations with Franchise Group to be acquired at $60.00 per share. Kohl’s said that the exclusive negotiations…
Gitlab Stock Soars 12% As Q1 2023 Revenue Increases by 75%
(GitLab) Shares of GitLab rose almost 10% in premarket on Tuesday after reporting a revenue of $87.4 million in the first quarter of 2023. The revenue was 75% higher than…
Twitter Falls 4% as Musk Considers Abandoning $44B Deal
(FT) Twitter stock fell more than 4% on Monday after Elon Musk said he might abort the $44 acquisition deal. Musk said that Twitter failed to satisfy his demands regarding…
Biden Boosts Solar Stocks on Reports He Will Suspend Tariffs on Solar Panels
(Reuters) Shares of US Solar companies rose on Monday by double digits on reports that President Joe Biden will suspend tariffs on solar panels from four countries. Shares of Sunrun…
Didi Stock Jumps 53% On Reports China Is Concluding Probes
(WSJ) Didi stock jumped more than 53% in premarket on Monday after reports emerged that Chinese regulators were concluding a probe on the ride-hailing giant. Reprieve was also reportedly granted…
What You Need to Know as Post-Split Amazon Stock Starts Trading
(SEC) Amazon shares start trading at around $122 on Monday, in line with the company’s 20-for-1 stock split already approved by shareholders. The stock split will take Amazon’s shares from…
Turning Point Therapeutics Stock Jumps 116% on Acquisition by Bristol Myers
(Turning Point) Shares of Turning Point Therapeutics rose more than 116% on Friday after agreeing to be acquired by Bristol Myers Squibb at $76.00 per share. The all-cash deal values…
Tesla Stock Falls 8% as Elon Musk Says He Wants to Cut 10% of Jobs
(Reuters) The shares of electric carmaker Tesla fell more than 8% on Friday after CEO Elon Musk said he needs to trim 10% of jobs in the company. The emailed…
Offshore Investors Snap $4.2B of Beaten Down Chinese Stocks as Optimism Grows
(FT) International investors using Hong Kong’s Stock connect trading scheme have accumulated RMB28 billion or $4.2 billion of mainland Chinese stocks over the past week. The addition of Chinese equities…
Okta Issues Guidance as Q1 2023 Revenue Increase by 65%, Stock Jumps
(Okta) Shares of Okta Inc. rose more than 15% in premarket on Friday after reporting a revenue of $415 million in the first quarter of 2023. The revenue was an…
StoneCo Jumps 22% as Q1 2022 Revenue Jumps 138.6%
(StoneCo) Shares of StoneCo Ltd rose more than 22% in premarket on Friday after posting revenue of R$2.07 billion, an increase of 138.6% from the prior year. In the quarter,…
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