Tag Archives: Stock

Alphabet (GOOGL) split its two classes of shares (GOOG) by a 20-to-1 margin, a move that reduced the price of one share from just over $2,200 on Friday to about $112 on Monday. The stock split doesn’t change Alphabet’s market capitalization. The company is still worth about $1.5 trillion, making it one of the most valuable firms on the planet. But the split has two potential benefits. First, it may make Alphabet shares more enticing for everyday investors. Second, it increases the odds that… Source link

U.S. stock futures pointed to deeper losses at Thursday’s open as investors reeled from shock inflation data that renewed worries over aggressive central bank action and awaited earnings from the biggest financial institutions on Wall Street. Futures tied the S&P 500 dropped 1.4% in pre-market trading, and the Dow Jones Industrial Average shed 470 points, or 1.5%. Contracts on the tech-heavy Nasdaq fell 1%. The moves come after all three major indexes tumbled Wednesday following fresh CPI… Source link

For the second time in its history Google’s parent company, Alphabet (GOOGL) (GOOG), is set to split its stock for the second time in its history.  The 20-for-1 split means Alphabet investors will receive an additional 19 shares for each one they already own. It will be the company’s first stock split since April 2014, when it split its shares 1,998-for-1,000. Google Stock Split Date The Google stock split is set to take place after the market’s close on July 15. Alphabet’s Stock… Source link

BlackRock (BLK) has downgraded its outlook for stocks amid increasing economic uncertainty and persistent inflation. Strategists at BlackRock’s Investment Institute said Monday the firm cut its exposure to developed market equities, citing aggressive intervention by central banks to tame rising prices across the global economy. “Right now, we think the Fed has boxed itself in by responding to political pressures to rein in inflation,” strategists led by Jean Boivin said in a note… Source link

Elon Musk on Friday announced he was backing out of his $44 billion Twitter acquisition bid, blaming the social media platform’s alleged lack of transparency regarding bots on the site. As both sides prepare for a lengthy court battle, some Twitter influencers are floating an alternate theory for the change of heart: The bots were never the problem, merely a vehicle through which to covertly sell Tesla options that were about to expire. “Entire thing was a clever ruse to SELL + LIQUIDATE $8.5… Source link

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Yandex (NASDAQ:YNDX – Get Rating) by 7.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 112,242 shares of the information services provider’s stock after purchasing an additional 7,721 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Yandex were worth $1,698,000 as of its most recent SEC filing. A number of other hedge funds have… Source link

The weather isn’t the only thing warming up in July. Roblox stock is surging as well. Roblox stock is up 25% over the last month, including a 14% move higher on strong volume on Tuesday despite a broader market pullback, and have continued to trek higher as the week has raged on. The metaverse gaming play has been one of the hottest tickers on the Yahoo Finance platform. Analysts pin the move on a few factors. “I think that part of it is that the third-party data that we have been hearing about… Source link

Text size GameStop’s stock split will take effect this month. Justin Sullivan/Getty Images … Source link

Text size An analyst at Monness, Crespi, Hardt & Co. slashed his price target for the stock to $2,900 from $3,500. Noah Berger/AFP via Getty Images … Source link