Tag Archives: Stock

Argentinian soccer legend Lionel Messi’s clothing brand The Messi Store made its U.S. market debut on Friday, with the stock jumping more than 200%. MGO Global Inc. (MGOL), the operator of The Messi Store, Argentinian soccer star Lionel Messi’s clothing brand, sold just 1.5 million shares to the public, though trading was halted multiple times during the morning session as investors flocked to Messi’s brand. The company opened trading on Friday in a $7.5 million initial public offering… Source link

Argentinian soccer legend Lionel Messi’s clothing brand The Messi Store made its U.S. market debut on Friday, with the stock jumping more than 200% before falling back below its initial price by the market close. MGO Global Inc. (MGOL), the operator of The Messi Store, Argentinian soccer star Lionel Messi’s clothing brand, sold just 1.5 million shares to the public, though trading was halted multiple times during the morning session as investors flocked to Messi’s brand. The company opened… Source link

So much for that Tesla stock (TSLA) bounce. Shares of the EV maker fell more than 4% in pre-market trading on Friday amid fresh U.S. price cuts for the Model 3 and Model Y. The stock had rallied about 9.5% in the past five sessions as traders speculated a bottom was forming after a 65% decline in 2022. Tesla cut the Model 3 base version by $3,000 to $43,990, according to an update on its website. The Model 3 Performance variant saw a price cut of $9,000 to $53,990. As for the Model Y Long… Source link

U.S. stock futures wavered ahead of the open Thursday after inflation data for December showed prices increased at a slower annual rate, in a report that was in line with expectations from economists. Futures tied to the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) hovered around the flatline. Contracts on the technology-heavy Nasdaq Composite (^IXIC) were down about 0.2%. U.S. Treasury yields ticked down. The yield on the benchmark 10-year U.S. Treasury note fell to 3.54% from… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

Bed Bath & Beyond’s stock continues to be whipped up into a speculative fervor as traders place bets the retailer somehow averts bankruptcy — triggering massive covering by short-sellers. Shares popped 20% in pre-market trading on Thursday. If Bed Bath & Beyond’s stock opened at current levels, shares would be up more than 150% since the opening price on Monday. The stock — which has one of the most visited ticker pages on Yahoo Finance the past 24-hours — climbed 69% on Wednesday. This… Source link

In the wake of Salesforce’s (CRM) mass layoff announcement last week, Wall Street may have overlooked one key element in its haste to predict better profit margins from the tech giant. According to Bernstein analyst Mark Moerdler, who published a critical client note on Salesforce Wednesday, mass firings may actually hinder sales growth and, as a result, profit margins. “Salesforce recently announced a ~10% employee reduction, in addition to comments on other cuts, which will only drive… Source link

World Wrestling Entertainment (WWE) stock fell on Wednesday after briefly spiking amid a report that Saudi Arabia’s Public Investment Fund (PIF) fund was buying the company. A person familiar with the matter told Yahoo Finance it hasn’t sold itself to Saudi Arabia’s Public Investment Fund or another entity. Early reports on Wednesday, most prominently from DAZN’s Steven Muehlhausen, asserted that a deal to PIF was imminent. The original tweet was deleted. Matt Riddle enters the arena on a… Source link

Netflix (NFLX) stock rose nearly 4% on Tuesday after Goldman Sachs boosted its estimates for the streaming giant amid a weakening U.S. dollar, extending a recent winning streak for shares of the streaming giant. “In just the last quarter, the FX landscape has changed dramatically with the [U.S. dollar] performance having a stark reversal in the last three months,” Goldman Sachs analyst Eric Sheridan wrote in a new note to clients. Sheridan notes the dollar index is down about 7% since… Source link

The year is early, but Netflix (NFLX) shares are rocking as Wall Street gets more optimistic on a comeback year financially for the streaming beast. Shares of Netflix are up more than 10% so far in January, outperforming the Nasdaq Composite’s 2% gain. The stock is the best performing of the closely watched FAANG (Facebook, Amazon, Apple, Netflix, Google) complex, per Yahoo Finance data. In the past six months, Netflix shares are up more than 70%. Yahoo Finance takes a quick look at the drivers… Source link