Li Ning Plans to Purchase Hong Kong Office Building, Shares Fall
Li Ning, the Chinese sportswear maker, has experienced a sharp decline in shares after announcing its plan to acquire the East Harbour tower in Hong Kong for HK$2.21 billion (US$283…
GameStop Extends Investment Policy to Include Equities, Drawing Criticism
GameStop Corp.'s recent decision to broaden its investment policy to include equities has sparked criticism from analyst firm Wedbush. The company announced its new investment policy in a filing alongside…
Charles Schwab Announces Staff Layoffs
Charles Schwab, a leading brokerage and wealth management company, has started implementing employee layoff measures as part of its ongoing cost-cutting initiative. Despite this news, the company's stock (ticker: SCHW)…
Tapestry Inc. Reports Weaker-Than-Expected Earnings for Q4
Stock Slides 2.4% Tapestry Inc.'s stock (TPR, -3.00%) slid 2.4% in premarket trade Thursday following disappointing earnings results for the company's fiscal fourth quarter. As the parent company of Coach,…
BofA Securities Analyst Raises Price Objective for Uber
BofA Securities analyst Justin Post has expressed a more positive outlook on Uber Technologies Inc.'s stock (UBER), increasing his price objective from $44 to $51. The recent partnership between Uber…
Stifel Says Investors Can Catch Stock Bottoms Relying on Bitcoin Features
(Markets Insider) Stifel strategist Barry Bannister believes that Bitcoin is late to the capitulation in risk, pointing out that the wash-out that emerges can help spot equity bottoms. Bannister says…
BBBY Jumps 97% After Gamestop Chairman Says He Owns Almost 10% Stake
(CNBC) Bed Bath & Beyond stock rose more than 97% on Monday premarket after GameStop chairman Ryan Cohen revealed he owns almost 10% of the retailer. The investment, held through…
Uber Jumps 5% as It Upgrades Quarterly Guidance
(WSJ) Shares of Uber Technologies Inc. rose more than 5% on Monday after the company raised guidance for the first quarter of 2022, citing ridership recovery. Uber said that it…
Qualtrics Soars 24% after Stock Upgrades on Robust Quarter, Raised Guidance
Qualtrics International stock rose 24% on Thursday after price target upgrades to the range of $41-$48. The upgrades followed a revenue jump of 36% year over year to $238.6 million,…
Stocks
A stock (also known as equity) is a type of security that distinguishes its owner as the owner of a certain part in a business, i.e. a fraction of an…