Tag Archives: shares

Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

Elon Musk owns 23% stake in Tesla. Photo: Patrick Pleul/AFP via Getty Images Tesla (TSLA) boss Elon Musk is set to sell 10% of his stock in the company, worth $21bn (£15.6bn) following a Twitter poll he ran at the weekend. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” he tweeted. “Do you support this?” 3.5 million twitter accounts voted 57.9% in favour of the move. Musk, who is the world’s richest man, launched the poll in… Source link

Uber (UBER) posted its first-ever adjusted profit, but its Q4 outlook weighed on shares immediately following the ride-sharing company’s third quarter results. Uber reported third quarter revenue of $4.85 billion versus Wall Street estimates of $4.4 billion. Gross bookings reaching an all-time high of $23.1 billion, up 57% year over year. The company reported its first adjusted EBITDA profit of $8 million for the quarter. “While we recognize it’s just a step, reaching total-company Adjusted… Source link

(Bloomberg) — Cathie Wood’s exchange-traded funds sold 3.9 million shares in Zillow Group Inc. on Wednesday as the stock’s rout deepened — a day after buying 288,813 of the securities. Most Read from Bloomberg The stake offloaded was about $255 million, assuming Wednesday’s closing price. That’s about 10 times the value of the shares purchased on Tuesday, when Seattle-based Zillow pulled the plug on its tech-powered home-flipping operation. Zillow’s stock has suffered as investors… Source link

Reuters U.S. congresswoman Greene bought Trump SPAC shares (Reuters) -U.S. Representative Marjorie Taylor Greene, an ally of Donald Trump, bought as much as $50,000 worth of shares in the special purpose acquisition company (SPAC) that has agreed to merge with the former president’s new social media venture. Greene bought shares worth between $15,001 and $50,000 on Oct. 22, the day they rose in value by as much as 1,650% from what they were worth before the deal, as amateur traders and Trump… Source link

Stock futures dipped Thursday evening, with investors eyeing a couple of disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that punctuated an otherwise solid quarterly reporting season from many major companies.  Contracts on the S&P 500 fell, pulling back after the blue-chip index set a record closing high on Thursday. Nasdaq futures underperformed amid the drawdown in the big technology names. Amazon shares dropped in late trading after the e-commerce juggernaut missed… Source link

Corvette pusher GM is feeling a bear raid on Wednesday even as execs at the company continue to supremely hype its push to electric vehicles and the profits they believe will rain down on the automaker as a result.  Shares of GM tanked nearly 6% in Wednesday afternoon trading in the wake of the company’s third quarter earnings report. Experts told Yahoo Finance there is some disappointment on the Street on how GM’s margins and and market share fared in the quarter, as well as cautious… Source link

Rent the Runway (RENT) started trading above its IPO price on Wednesday before dipping below that level over the course of the session. Shares closed the session down 8% at $19.29 each. The stock had opened at $23 per share after the fashion rental company priced its debut at $21 each, at the top of its marketed range.  The company raised $357 million in the public offering. Rent the Runway offers subscribers “the world’s largest shared closet” of over 18,000 styles by more than 750… Source link

Tesla (TSLA) shares jumped for a fourth straight session on Monday, bringing the market capitalization for the electric-vehicle maker above $1 trillion for the first-time ever. The stock closed higher by 12.7% to reach $1,024.86 per share. Tesla’s year-to-date advance came in at nearly 45.2%, with the stock outperforming against the S&P 500’s 21.6% rise over that same period.  With a $1 trillion market capitalization, Tesla joins an exclusive club of mega-cap technology companies with a… Source link

(Bloomberg) — Tesla Inc. shares touched a new all-time high on Monday, hitting that milestone for a third straight trading session. Most Read from Bloomberg It’s turning out to be a good day for the electric-vehicle maker, with research firm Jato Dynamics saying the company’s Model 3 was the top-selling vehicle in Europe last month, car-rental company Hertz Global Holdings Inc. reported to have placed an order for 100,000 Teslas and Morgan Stanley boosting its price target on the stock by… Source link