By Sam Becker October 27, 2022 Amazon reported mixed Q3 earnings on Thursday, and Wall Street did not respond kindly. The online retail giant said revenue was $127.1 billion, an increase of 15% year-over-year, but net income fell to $2.9 billion, compared to $3.2 billion a year ago. Notably, Amazon’s fourth-quarter … Continue reading Amazon stock takes a beating amid lower profits and weak guidance for the holiday season
By Michael Grothaus September 06, 2022 Volkswagen has announced that it will move ahead with the initial public offering of one of its (and the world’s) most iconic car brands: Porsche. But while the 91-year-old automotive luxury brand is expected to have one of the largest IPOs of any European company this century, its … Continue reading Porsche IPO: Stock will trade separately as Volkswagen takes the luxury car brand public
By Sam Becker August 31, 2022 We may have reached the “beyond” portion of Bed Bath & Beyond’s wild ride as a meme stock. Bed Bath & Beyond (BBBY) stock caught the attention of meme stock traders on internet message boards like Reddit’s r/WallStreetBets in recent weeks, and since the beginning … Continue reading What’s happening with BBBY? Reddit’s favorite meme stock has a lot going on right now
By Michael Grothaus August 25, 2022 It’s been a tough week for quite a few big-name stocks. (Here’s looking at you Zoom and AMC.) Unfortunately, the trend continued on Thursday—this time with indoor bike maker Peloton Interactive. The stock is sinking in pre-market trading after the firm reported disappointing Q4 2022 results. Here’s … Continue reading Peloton stock in danger of losing its Amazon bump as losses widen
By Michael Grothaus August 23, 2022 Not too long ago, Zoom was the pandemic darling. In January 2020, the stock sat around $76 per share, but by peak-pandemic–September of the same year–Zoom stock (ticker: ZM) surged to over $470 per share. Talk about amazing returns. But almost two years later, Zoom stock … Continue reading Zoom stock price: ZM shares crash as return-to-office fights heat up
By Michael Grothaus August 05, 2022 Hot on the heels of announcing its Q2 2022 results (August 17, 2022), movie theater chain and meme stock AMC announced it will issue a new type of preferred stock as a dividend to existing AMC shareholders. The announcement of the new preferred stock, ticker symbol APE, has … Continue reading AMC stock price: Shares crash as company announces new preferred APE stock
By Michael Grothaus August 03, 2022 Usually, Tesla investors care most about when the company plans to release its quarterly earnings report, which Tesla most recently did on July 20. For its Q2 2022, investors seemed largely impressed with the electric carmaker’s revenue growth of 43% year-over-year. Yet for many Tesla investors, the most … Continue reading Tesla stock split: What to know about the vote to split TSLA shares
By Sam Becker July 26, 2022 With the economy in questionable shape, all eyes are on earnings this week to try and get a sense of how well some of America’s corporate giants are faring in an increasingly tough economic environment. That includes a smattering of tech giants: Alphabet, Microsoft, Meta, Apple, and … Continue reading Big Tech earnings will decide the fate of the stock market this week
By Christopher Zara July 22, 2022 The wild growth that Snapchat and other social media companies enjoyed during the lockdown phase of the COVID pandemic is looking farther and farther in the rearview mirror. Shares of Snap Inc. are tumbling in premarket trading on Friday after the company reported disappointing financial … Continue reading Snap stock price tanks in a warning sign for social media investors: Here’s what happening
By Sam Becker July 20, 2022 Evidently unfazed by the state of the stock exchanges and IPO market, FaZe Clan went public today via a $725 million SPAC merger with B Riley Principal 150 Merger Corp. The stock is now trading on the Nasdaq stock exchange under the ticker “FAZE.” The public listing … Continue reading FaZe Clan stock price struggles on Nasdaq trading debut after SPAC listing
