The top trending after-hours tickers on Yahoo Finance: Coinbase (COIN): Shares of the cryptocurrency exchange fell in after-hours trading after reporting a wider-than-expected loss and a 63% drop in revenue. Monthly transacting users totaled 9 million for the second quarter, down from 9.2 million in the prior quarter. Total trading volume declined to $217 billion, down 30% compared to Q1. JMP Securities’ Devin Ryan told Yahoo Finance that ‘even though trading volumes were right in line… Source link
Read More »Sweetgreen shares close 77% higher on IPO day
Sweetgreen (SG) shares closed 76% higher — at $49.50 each — on their first day of trading on the New York Stock Exchange. The salad restaurant chain almost doubled its valuation during its public debut. Shares opened at $52 each after the IPO was priced at $28. Sweetgreen sold 13 million shares, raising $364 million in the initial public offering. The company has been expanding beyond urban areas into suburban communities. It also has a growing online order presence. “We built out a… Source link
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