Tag Archives: Stock

There are more reasons behind Tesla’s (TSLA) plunging stock price than Elon Musk’s focus on Twitter, according to Wells Fargo auto analyst Colin Langan. “It’s very concerning about the weakness that we’re seeing in China,” Langan said on Yahoo Finance Live (video above). “We are seeing incentives go up, and sales actually are not increasing there. And [a] driving concern is: Are we going to start seeing that in the U.S. and Europe? Is that just sort of the early days of softening demand? And… Source link

Netflix’s (NFLX) new ad-supported offering appears to be undergoing some growing pains. According to a new study by subscription analytics firm Antenna, cited by The Wall Street Journal, the streaming giant’s $6.99 ad-supported offering was the least popular tier of its service during the month November. The ad tier, which officially debuted in U.S. markets on November 3, accounted for just 9% of Netflix sign-ups during the month. About 57% of those ad-supported subscribers re-joined the… Source link

Amazon’s (AMZN) stock is sucking wind into 2023 as investors fret about still-bloated costs and what is shaping up to be a disappointing holiday shopping season. Shares of the tech giant are now hovering at a fresh 52-week low and down 50.3% year to date, according to Yahoo Finance data. The stock is rivaling dreadful performances from its partners in the closely followed FAANG (Facebook/Meta, Apple, Amazon, Netflix, Google) complex, as Meta Platforms (META) has suffered a 63% drop and… Source link

AMC stock (AMC) slid almost 8% on Monday, hitting the lowest level since the meme stock frenzy began in January 2021. Shares closed at $4.89 each. The theater operator announced that it has so far raised $162 million through the sale of its APE (APE) units, a preferred equity program launched earlier this year, and has slashed its debt obligations by approximately $180 million this year through a combination of refinancing and repurchasing part of its debt at a discount. AMC stock is down… Source link

FedEx remains at risk of laying several more earnings eggs in 2023, especially if the U.S. enters a recession, warns one Wall Street analyst. “FedEx pre-announced and lowered guidance in mid-September, with its earnings release and conference call one week later focused on cost controls amid a softer volume backdrop, particularly in its international business,” EvercoreISI Jonathan Chappell wrote in a note on Monday. “Although we expect most of these cost levers to be pulled, eventually… Source link

U.S. equity futures clawed higher in the early trade Monday after stocks booked consecutive weekly losses for the first time since late September. Futures tied to the S&P 500 (^GSPC) advanced 0.5%, while futures on the Dow Jones Industrial Average (^DJI) inched up about 70 points, or 0.2%. Contracts on the technology-focused Nasdaq Composite (^IXIC) were up by 0.4%. Over last week, the S&P 500 shed 2.1%, the Dow 1.7%, and the Nasdaq 2.7%. In other areas of the market, U.S. Treasury yields… Source link

Tesla CEO Elon Musk has found a new way to jolt the electric carmaker’s bruised stock price: Tease that he’d step away from being Twitter’s CEO. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk tweeted to his 122.1 million followers on Sunday. The poll closed on Monday morning, with 57.5% of the 17.5 million votes choosing “Yes” and Tesla was up nearly 5% in pre-market trading. The risk of operational miscues at Tesla has grown as Musk focuses on… Source link

Tesla CEO Elon Musk has found a new way to jolt the electric carmaker’s bruised stock price: Tease that he’d step away from being Twitter’s CEO. “Should I step down as head of Twitter? I will abide by the results of this poll,” Musk tweeted to his 122.1 million followers on Sunday. As of early Monday, more than 57% of 16 million votes chose “Yes” and Tesla was up 4.5% in pre-market trading. The risk of operational miscues at Tesla has grown as Musk focuses on restructuring Twitter in highly… Source link

Tesla stock is in the midst of losing the most market valuation from a high in its history of being a public company. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown dating back to its IPO in 2010, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak derived over 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below). More recently, Tesla stock is down 22% in… Source link

Tesla stock is in the midst of largest drawdown since the company went public back in 2010. Shares of the EV maker are down 64% from a peak last November, marking the stock’s largest drawdown since its market debut, according to data from Compound Capital. The recent 407-day stretch of selling pressure has eclipsed the 60.6% drop from a peak seen over the 28 days from Feb. 19, 2020 to Mar. 18, 2020 (chart below), when the onset of the COVID-19 pandemic rocked markets worldwide. More recently,… Source link